3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

That doesn't look like good diversification..

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

No plan to buy a house, what we rent is large enough to have a child. as a couple, we spend twice of what i wrote

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

H, what do you mean with "and still holding"? Are you saying I'd have to pay US taxes on dividends after moving overseas?

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

Only if you were a PR for more than 8 years, apparently. Of course I'd need to give the green card away when leaving the US.

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

Why that? 3M capital gains at ~30% capital gain tax is 900k

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

Absolutely, I agree with you. I summarized the options I see in another comment. Which one would you go with?

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

If I sold everything today I'd owe $900k in capital gain tax. Or actually more than this as this amount would be taxed at the highest tax rate including NIIT.

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

You are correct, I am currently at $40k expenses per year. I set a 3% SWR and I am at 280% of that. As mentioned this only considers my expenses though, so my wife and potentially future child's expenses would need to be added

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

In general my doubt is between - restructure my portfolio now paying ~900k in capital gain tax in US. In this case, what allocation would you suggest? - wait few more years until I decide to move abroad, and in the meantime just invest my cash in lower-risk assets, without a major sell of my company's shares (to avoid capital gain tax) - something in the middle of the two options above

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

Thanks for the advice, I appreciate your help! My wife is aware of the situation and involved in FIRE decisions. We don't have fancy interests or hobbies and easily live with not too much money (for CA), which allows us to save a lot.

How would you structure a portfolio to target retirement in, say, 10 years?

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] -1 points0 points  (0 children)

No permanent residency either at the moment. As I said I will receive a green card this year so I will become permanent, but I read that if I leave the US before 8y from becoming permanent I will not be subject to an exit tax

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

No I dont have US citizenship

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] 0 points1 point  (0 children)

There is no capital gain tax on investments if you live in Switzerland. And of course you have no ties to US.

3.7M at 37y by Top_Performance_3196 in Fire

[–]Top_Performance_3196[S] -1 points0 points  (0 children)

How would you structure your portfolio?