MPF vs ORSO

MPF vs ORSO: How to Decide, How Much to Put In

Posted Leave a commentPosted in Personal finance

When starting a new job in Hong Kong, some employers offer new employees the choice of MPF vs ORSO for retirement savings.  Many employers only offer MPF, and while I earlier posted some data on some of the best MPF plans in Hong Kong in lowering fees below 1% (still many times higher than many […]

Investing Retirement Accounts: Starting with $20,000,000, a retiree withdraws $800,000 in the first year, and 2% more each following year. At 4% and 5%, the retiree runs out of money, while at 6%, the account keeps growing.

Investing Retirement Accounts: What rate of return vs level of risk to aim for?

Posted 1 CommentPosted in Investing

When investing retirement accounts, we are often told to invest aggressively (mostly in stocks) when saving as young employees, and then rotate more and more of the account towards more conservative investments (bonds and REITs) as retirement approaches.  One overly simple rule is to allocate 100 minus your age in stocks, so that a 20 […]

Vintage ad for a convertible car: more romantic than considering Roth conversions as an expat?

Roth conversions as an expat: if, when and how much?

Posted Leave a commentPosted in Personal finance

Considering Roth conversions as an expat is similar to considering if, when, and how much to do one when living in the US. A Roth conversion turns a traditional IRA (on which you may have already gotten a tax deduction, but will need to pay tax when you withdraw at retirement) into a Roth IRA […]

Tariq Dennison and Peter Lewis on RTHK Money Talk Xtra

Investment Suitability for the Elderly, Sat Nov 25 8:30 on RTHK Radio 3

Posted Leave a commentPosted in News, Personal finance

On tomorrow’s episode of “Money Talk Xtra” with Peter Lewis, Tariq Dennison will answer questions on how to evaluate the suitability of different investment products and strategies for elderly investors. The show will air Saturday, November 25th at 8:30am on RTHK radio 3. Retirees often focus on reducing risk, but sometimes to the point of […]

best MPF schemes by fund expense ratio

Best MPF Schemes by Average Fund Expense Ratio

Posted Leave a commentPosted in Personal finance

When looking for the best MPF schemes, either as an as an employer of Hong Kong employees, or as an employee rolling over funds from an old job, the two most important factors to look for are: Low expenses Diversified fund choices It is important to note that it is usually not wise to choose […]

IRA Contribution Limits 2018

8 Questions Most American Expats Should Ask Every Year About IRAs and Retirement Savings

Posted Leave a commentPosted in Personal finance, Saving

In the US, many employees have 401(k) plans that automatically deduct a significant portion of their salaries into a tax-advantaged retirement account.  Many 401(k) plans only allow these savings to be invested in a limited selection of mutual funds, and some 401(k) plans only offer expensive, poorly performing funds rather than low-cost index funds or […]

September 7th Discovery Bay Presentation on Retirement Planning

Posted Leave a commentPosted in Events, Personal finance

I’ll be presenting at the Discovery Bay Entrepreneurs Networking Breakfast on September 7th at 8am on the topic of retirement planning.  I will be discussing two different profiles of a retirement saver: a pilot with a relatively steady income but hard retirement deadline, compared with an entrepreneur that has more freedom but less income certainty. […]

A Simple, Robust Retirement Savings and Investment Plan: The "4 House Pension"

Posted Leave a commentPosted in Personal finance

When asked how much money is needed for a comfortable retirement, the simplest useful but general answer I have been using is to “own four houses”. Taken literally, the “4 House Pension” can be implemented by actually owning four houses: one to live in, and the other three to generate rental income to pay for […]

The 15-40/7-4 rule: The numbers behind saving 15% of your income

Posted Leave a commentPosted in Personal finance, Saving

A widely said rule of thumb is that you should save 15% of your income towards retirement.  According to the IMF, 15% is right around the average rate of total savings in the US and UK, and well within the averages of many Asian countries and other high savers like the Netherlands (Chart below from […]

How I invested my first 10 years of savings, bonuses and 401(k)/IRA contributions and top 10 lessons learned

Posted Leave a commentPosted in Investing, Personal finance

Of all the habits I started early in my career, I would rank the habit of paying myself first, saving at least 10% of my income, saving rather than spending 100% of bonuses, and avoiding consumer debt as close to #1 as having paid off well and being well worth teaching my children and grandchildren. […]