It’s phenomenal growth. Even if you lose 50% tomorrow, you’d still be close to your 5M target.
A good vintage year yes. Now if only I had bought crypto I would have astronomical growth but I missed out
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I passed by the Joneses today and they told me to send you their warmest greetings. ![]()
Out of interest, where are you from? Have you been out of your home country for a long time and would you return there or look to move somewhere else?
I’m wondering about this question and feel it might ultimately get decided for me by circumstances beyond my control (e.g. need to return home to support parents etc.)
I looked at Baloise and Axa.
Sorry to go back in time, I was just interested in your thoughts on foreign pensions that I havem;t had the energy to look into.
I have a Rollover IRA (was a 401K) from when I was working in the USA, and I am trying to transfer my late wife’s IRA into mine. this would be about 500K USD total. My understanding is I would have to pay a 10% US federal tax to withdrawl before the age 59.5, but then I would haver to pay CH income taxes on top.
So as a plan to potentially FIRE I could:
- Use private equities with a safe withdraw until age 59.5. No capital gains tax
- From age 59.5, withdraw say 80K form the US IRA, which will just be taxed as regular CH income. The withdraw rate should be set to take me to the CH retirement age ideally
- From CH retirement age access Pillars 1/2/3, with Pillar 2 as an annuity or lump sum (best split over 2 years if possible).
It is the taxation at step 2 which is not super clear to me. Potentially being a tax deferred pension scheme, there is a lower tax rate than standard income tax (relevant in canton Vaud!). But there is no real US-CH pension treaty here so I suspect it would face the full Income tax rates.