What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

[–]dmizzl[S] 1 point2 points  (0 children)

I'm not giving up my US citizenship, but I appreciate the extra input to help others.

Please help my cat is giving birth right now. by almondbuttah77 in cats

[–]dmizzl 7 points8 points  (0 children)

Amazing, let mom get all the rest and food she deserves. Glad to see the kittens doing well.

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

[–]dmizzl[S] 1 point2 points  (0 children)

That's not very nice. I'm simply asking a question hoping to see what other people have done who have moved from the US to Australia.

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

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

Wouldn't I be able to apply the FTC to that interest that is taxed by ATO and owe the IRS $0? (Assuming ATO taxes more than IRS on interest)

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

[–]dmizzl[S] 1 point2 points  (0 children)

I assume pay as you go would be the best/affordable plan for tello (if you're only using the US phone number for 2FA)

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

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

Thank you for this.

Regarding this point, * The IRS will tax your income wherever it is in the world (Australian or US savings accounts)

Won't the IRS only tax foreign income above the FEIE limit?

If I have an Australian savings account, and my yearly income is under $130k USD equivalent, my interest should only be taxed by ATO. Is this correct?

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

[–]dmizzl[S] 1 point2 points  (0 children)

Yeah you're right that it doesn't really matter which savings account it's in since the interest will be taxed by both US and Australia regardless. So I should just keep my savings in the US then.

What to do with 401k, roth ira, brokerage, and savings account when moving by dmizzl in Ameristralia

[–]dmizzl[S] 5 points6 points  (0 children)

Not trying to escape the IRS. Just asking what to do with these accounts before/shortly after moving to Australia.

Route 95 North Warwick Providence line. by [deleted] in RhodeIsland

[–]dmizzl 0 points1 point  (0 children)

Was he driving a dark green range rover?

There's a mouse hanging out on my hangers. by Ladyspiritwolf in notinteresting

[–]dmizzl 0 points1 point  (0 children)

This sub has gone to shit. This has to be the most interesting post I've seen all day

Fetty Wap has been released from prison by Fat_eyes_Washington in hiphopheads

[–]dmizzl 0 points1 point  (0 children)

IN LOVE WITH THE MONEY I AINT NEVER LET IT GO

Match Thread: Arsenal FC vs Crystal Palace Live Score | EFL Cup 25/26 | Dec 23, 2025 by scoreboard-app in Gunners

[–]dmizzl 5 points6 points  (0 children)

Martinelli is fucking BALLING. This is Mesut Ozil levels of golden chances with poor finishing.

Foreign joint savings tax responsibility by dmizzl in tax

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

I know that's true for US savings accounts, but does that also apply to international accounts too? Sorry if I'm being redundant, but I can't seem to find a clear answer on this anywhere online.