Hello, people of r/personalfinance!
I've been working in Qatar for the past couple of years, and by this time next month, I'll have paid off the worst of the student debt that drove me here in the first place and will begin diverting all that sweet, sweet money into savings.
I anticipate that I'll have at least $20,000 and possibly more than that by the time I repatriate. I'm reading up on FATCA and FBAR requirements, have filed taxes religiously since coming to Qatar, and want to make sure I don't do something stupid in the eyes of the government. Since at no point has my income exceeded the foreign income exemption nor the $10,000 FBAR requirement, I'm a bit naive in this topic.
My question is, should I:
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Just hold onto the money here in Qatar, transfer it all in one lump sum at the end, and hope my credit union or my government don't think I'm doing anything fishy? This will save a few hundred bucks in international wire fees and keep my money in my Qatari bank, where I can more directly manage it.
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Keep transferring it monthly as usual? This will be the most expensive option in terms of transfer fees, but as far as I can tell, the safest option.
Submitted October 28, 2017 at 07:09AM by LFMR http://ift.tt/2zWrr4P
