debt free 150k savings expat, what next?
Hi, i am 29 years old and live debt free in the tax free UAE and fall under the US tax exempt category since my earned income abroad is roughly 50k. (Housing, transportation, and 'fun' money are apart of my non us citizen husband's job package) So basically, I am just saving 50k a year and since I have been here 3 years I have 150k+ sitting in my savings account here in UAE.
Meanwhile my husband earns roughly 100k+ and has about 270k also sitting in a UAE savings account. (I tax file married/ filing separating)
We both recognize this is a dangerous situation for reasons not needing explaining on this forum, we also recognize we could be using our large savings to generate more money
ie investing in stocks and bonds indexes. But are open to other suggestions.
I'm familiar with stock and bond allocations based on age (so 30% us bond index and 70% us stock index) and the 'couch potato method' of re-balancing annually. Whats the best way for me to go about starting doing this?
How would you allocate what lump sums to invest and where to put the rest of my savings?
I am seeking advice for 'what next'? I don't want to make a huge mistake based on my ignorance of US tax laws (which are very complicated for expats, and i would like to take advantage of my husbands non-us citizen status). We have no immediate plans to move back to the USA and plan on retiring in 2034 both at 50 years old.