Hi guys, thanks for any help.
My current situation is as follows: I have inherited a few properties that generate rental income of $4,500 a month (pre-tax) and $75,000 in cash. I do not imagine these properties to decrease in value any time in the future as they are all apartments in major cities. I have no student loans/debt. I have currently $30,000 in the stock market, mostly in IVV and then some high-yield bonds which I plan on selling and then transferring proceeds to a bond fund to lower my fees.
It's been my dream to move to Asia since I was like 10, and I finally achieved that goal by landing basically dream job in Japan with an American company (except salary lol). My salary is 6,050,000yen per year (roughly $55,000). I took a near 50% pay cut to work in Japan so that's pretty frustrating but I saw the decision as worth it. I am also getting $15,000 to move. Note that I don't plan on staying in Asia forever; the ideal is to live in Japan for 3~4 years and then maybe in another major city for 3~4 years. Then move back to the US. My concerns are how much I'm saving for retirement/possible major trips or vacations/rainy day fund.
Please see attached image for disposable income calculation; basically I have 372,882 yen disposable income; refer to image below.
My company automatically contributes 4% of my salary to the Japanese 401k. These calculations are assuming I don't contribute anything else to the 401k (should I?) I am pretty sure I should also not get an IRA (source here). My plan is to bring like $20,000 in cash as an "emergency fund" and invest that in Japanese CDs. I want to take my Japanese yen savings, if I have them, and invest in US ETFs using IB. Is this preferable to opening with a Japanese brokerage and investing in Japanese stocks to avoid loss on exchange rate/conversion fees?
Now assuming I invest all of the $4,500 per month (actually less because of taxes but don't know how to calculate that) I make from rent into low-fee ETFs directly in the US, should I actually bother saving any money in Japan at all given that I'm bringing a rainy day fund? Should I be planning more for when I want to buy a home/big vacations as opposed to anything else? If so, could someone point me to some resources? I have no idea how to plan for home-buying or big expenditures like that.
I guess this post is also seeking some life advice with regards to how much I should save vs how much to party and spend on rent/food etc. Thanks for any tips and perspective!
Submitted June 14, 2017 at 03:21AM by howdoiplanmylifeTM http://ift.tt/2sndEmz
