Raddr's Early Retirement and Financial Strategy Board

[wanderer]

I may well be wrong but I suggest that wanderer's taxes are not zero ... as a US citizen I think he pays US taxes on worldwide income ... I've heard that for US citizens residing overseas, although perhaps there is a higher allowance for earned income?, taxes on investment income (as a retiree) would be the same as though residing in the US? As an expat Brit living in SE Asia I'm in the same situation as ben ... no home country taxes and, for investment income, no taxes in SE Asian countries .... and that makes a very considerable difference

Hi folks.

Just saw this from a while back.

My tax rate in UAE is indeed zero. Unfortunately, my worldwide income is taxable (as a US citizen). The first $80,000 is US income tax free. In addition, my employer incorporated in the US which means I pay employment tax on the first $90,000 or so (7.65%). This is not all bad as a degree from this institution is accredited and transferable to the US and that still has plenty of cachet. Also, I am still contributing to Social Security (which may have some benefit later - I use 75% of the promised benefit when calculating retirement income).

I mostly earn up to the limit of the 15% federal bracket (sometimes from consulting, sometimes from divvies and interest depending on the market for my services and the paper asset market). Still light by UK standards but I sure do envy those folks still fortunate enough not to be taxed on worldwide income.

[Oliver]

[Author]

Oliver:

[ForeignExchange]

I guess it will be near five years ago now, but my Thai wife and I were on vacation in Thailand from Canada, and staying in Chiang Mai at the time. I knew from their website that Paul & Vicki Terhorst were also in town. I had read Paul's book (actually Vicki perhaps should have probably been co-author) a few years before and wanted to meet them. A meeting was arranged one evening and we met at the hotel they were staying at. We were taken up to the hotel rooftop where there was also another couple awaiting us. Didn't have a clue who they were. My wife and I figured they were riding shotgun for the Terhorst's in case we turned out to be the bad guys. We couldn't have met two nicer couples.

I showed my wife Akaisha and Billy's photo from their website recently and said wasn't that the couple we met with the Terhorst's. She said indeed it was. Anyhow nice to see you again after so many years Akaisha, and say hello to Billy for us. Good to see you're both still happy with your lifestyles.

[wanderer]

I have ordered the Kaderli's CD book for our library.

I appreciate Author's contributions here.

Very small world, FX.

Did I see a post from Mr. Chips?!

[Author]

FX said:

[peteyperson]

Hi Oliver,

Thx. for the link. V.Cool and available in the UK too!

P.S. The pac-safe link needs the www. ahead of it to work.

P.P.S. The TinyURL link does not work at all. What were you linking to?

Petey

[Oliver]

Hi Petey,

Thanks for the feedback. The link without www for pac-safe.com works in Firefox but does not work in MS Internet Explorer or Opera. I will edit my original post to add the www. The tinyurl link picked up the period at the end of the sentence. Here it is http://tinyurl.com/af6pu.

[Author]

Wanderer said:

[Author]

I wanted to mention that our book, The Adventurer's Guide to Early Retirement, is now available via download from our website.

No muss, no fuss, no postage, no waiting!

Thanks, you guys, for all your support!

Akaisha
Author, The Adventurer's Guide to Early Retirement
_________________
Self-sufficiency builds confidence.
www.RetireEarlyLifestyle.com