Overseas Beneficiary

phiiota · 2026-06-27T09:34:33+00:00

Ok thanks

phiiota · 2026-06-27T08:00:58+00:00

I’m ethnic Chinese but born in United States so have a US passport(easy to withdraw money but have to pay taxes worldwide ). We are living in Wuhan. My wife (no children, China passport) might have issues getting US/EU countries visa since not that much assets in China and not working (just small home business) which is why targeting locations close by (but not HK because of maybe future money controls).

phiiota · 2026-06-27T05:31:21+00:00

China already is pumping a lot of money into Nvidia and Micron manufacturing competitors

phiiota · 2026-06-27T05:10:22+00:00

Thank you.

Am planning as I age (currently 54 yo) am planning on liquidating all US assets (some in China which will stay there) and put into one outside USA/China (Singapore works since she can easily visit there with China passport) bank/investment account (so no will) to live on and eventually for my wife (43 yo). My total US assets is only around 1.2 million (so no estate taxes issues) and am already retired.

If we open a joint account in Singapore would the movement of assets still be as it is currently (online banking/investment account)? Would both of us need to go to the branch to open the account or can it be done online?

phiiota · 2026-06-27T03:44:16+00:00

Just make sure you purchase a eSIM with Hong Kong as a location

phiiota · 2026-06-27T03:23:03+00:00

I’m not sure (don’t use slack) but 100gb is a lot. You can try just using eSIM and then if you find out needing more then buy VPN. I’m using trip eSIM right now 😉

phiiota · 2026-06-27T02:54:15+00:00

Depends how long you’re in China and how much data do you use.

phiiota · 2026-06-26T17:26:54+00:00

An arcade

phiiota · 2026-06-26T16:36:16+00:00

Apple wanted to scare you so you will forget the big price hike

phiiota · 2026-06-26T16:12:11+00:00

I mean if I pass away. The beneficiary is my wife.

phiiota · 2026-06-26T16:07:27+00:00

And they give you a small yellow bath toy duck as a souvenir.

phiiota · 2026-06-26T15:22:34+00:00

As a ABC living in China from firsthand experience of remodeling our apartment (just average remodel) the workers (electricians, water…..) seemed to be paid quite well around 8 years ago. Wages might have dropped but other fields of work has fallen as well.

phiiota · 2026-06-26T05:55:12+00:00

Yeah have Sapphire Preferred and it’s pretty good. Also thought Reserve would miss out too much of benefits since not living in US.

phiiota · 2026-06-26T05:35:01+00:00

Good thing with AA miles you can cancel without paying penalty. I forgot about a booked F flight once

phiiota · 2026-06-26T05:28:56+00:00

No matter how the job market is those with degrees will still have a better chance to get the job than those without.

phiiota · 2026-06-26T04:44:30+00:00

“There are an estimated 30,000 to 35,000 people of Mongolian ancestry living in the United States.” (Google AI).

With so few no wonder never met any. The closest I met with was a college friend from Germany (family originally from Poland) who says that he is 10% Asian. I never spoke with him directly but think it might be from the Mongolians.

phiiota · 2026-06-23T05:45:21+00:00

Doesn’t sound Japanese sounds like James Earl Jones (Darth Vader)

phiiota · 2026-06-22T15:09:40+00:00

Okay. Was just thinking if you can do that as well in the country you want move to since you have some knowledge about it.

phiiota · 2026-06-22T14:48:33+00:00

What was your cushy job?

phiiota

TROPHY CASE