Hey everybody! I'm moving to NY on the 9th December and have something on my mind...
I am 25, I have zero savings, zero assets & zero pension. I would like to begin rectifying this ASAP. My partner is in exactly the same position.
I may marry my USC partner within the next couple of years and I'm not sure where I'll live the rest of my life but there's a distinct possibility of alternating between a few years in the US and a few years in the UK.
What options are available for myself and people in the same position?
I started reading a little about how there are a *lot* of factors involved and that due to tax brackets and also due to not making the mistake of keeping all eggs in one basket, it's good to spread the field a little.
I know next to nothing:
- what options are available
- what are best
- how much to put into each
- how to start each one
- what is a safe investment
- what is an investment that is likely to grow
- what the impact is of me becoming a USC at some point and possible paying double tax?
I am totally and completely lost... and I'm sure I'm not the only one!
I am 25, I have zero savings, zero assets & zero pension. I would like to begin rectifying this ASAP. My partner is in exactly the same position.
I may marry my USC partner within the next couple of years and I'm not sure where I'll live the rest of my life but there's a distinct possibility of alternating between a few years in the US and a few years in the UK.
What options are available for myself and people in the same position?
I started reading a little about how there are a *lot* of factors involved and that due to tax brackets and also due to not making the mistake of keeping all eggs in one basket, it's good to spread the field a little.
I know next to nothing:
- what options are available
- what are best
- how much to put into each
- how to start each one
- what is a safe investment
- what is an investment that is likely to grow
- what the impact is of me becoming a USC at some point and possible paying double tax?
I am totally and completely lost... and I'm sure I'm not the only one!