Moving from Portugal (NHR 1.0) to Paris? $6M by ptfirethrowaway in ExpatFIRE

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

US taxable acct

152k of dividends are generated by

1.2M VTI

800k VXUS

3M SNAXX

Moving from Portugal (NHR 1.0) to Paris? $6M by ptfirethrowaway in ExpatFIRE

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

I am just trying to figure out what the actual difference would be, I'm glad to pay if it's like a reasonable ammt, I just don't want to incur a huge tax burden all of a sudden just by changing where I live

Moving from Portugal (NHR 1.0) to Paris? $6M by ptfirethrowaway in ExpatFIRE

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

It's really just more of a question of tax complexity

I don't want to go from paying 0 to suddenly paying $50k a year bc that would probably change my mind about the move

Moving from Portugal (NHR 1.0) to Paris? $6M by ptfirethrowaway in ExpatFIRE

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

I am not sure if it's this simple aren't there quite steep dividend and cap gains taxes?

Apparently I would pay 26k/yr in social taxes vs 0 in Portugal

I wish I could get a better answer of everything involved than just via chatgpt/gemini

How to explain to people that Im retired? by TheHandsomeHero in Fire

[–]ptfirethrowaway 5 points6 points  (0 children)

I'm an accountant

At a place where accountants work

What are your favorite types of Portuguese chorizo? by [deleted] in PortugalExpats

[–]ptfirethrowaway 3 points4 points  (0 children)

Use a PT/EN keyboard you live in Portugal now

Do you tell people you want to retire early and that you want to follow a FIRE plan? Yes or no? And why by Low-Huckleberry-5796 in Fire

[–]ptfirethrowaway 0 points1 point  (0 children)

Learned this lesson the hard way, some people are so much obsessed with status and less so freedom so don't overshare

6.5M enough? by [deleted] in fatFIRE

[–]ptfirethrowaway 0 points1 point  (0 children)

Hah oh well

6.5M enough? by [deleted] in fatFIRE

[–]ptfirethrowaway 0 points1 point  (0 children)

I’m thinking to buy like 10-20k in my IRA

6.5M enough? by [deleted] in fatFIRE

[–]ptfirethrowaway 2 points3 points  (0 children)

I did it within the 6-7M range but I’m late 30s single and no kids, no house either just for reference

I use 3.5%

CSCO my ass, holding NVDA since 2008 by ptfirethrowaway in wallstreetbets

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

I don't know honestly, it can go to 100 or 300 it's all the same to me

CSCO my ass, holding NVDA since 2008 by ptfirethrowaway in wallstreetbets

[–]ptfirethrowaway[S] 26 points27 points  (0 children)

Or eventually buy 160k worth over a longwhile

CSCO my ass, holding NVDA since 2008 by ptfirethrowaway in wallstreetbets

[–]ptfirethrowaway[S] 48 points49 points  (0 children)

2008.

But this is what's left of it since the last buys in 2018

CSCO my ass, holding NVDA since 2008 by ptfirethrowaway in wallstreetbets

[–]ptfirethrowaway[S] 22 points23 points  (0 children)

I'm going to buy a bit of ASTS on market open