My experience with Schwab International is that I was able to transfer VTSAX in-kind and dividends reinvested.
Not yet. Will do. Thanks
Also, I had access to one money fund in my IRA (SWVXX) but not in taxable. I’m a US citizen but I don’t think that mattered.
I was able to turn off/on dividend reinvesting via their website.
ACH transfers/wires were available online.
I was not able to add beneficiaries to the taxable account as they said that worked under US state law and I don’t have any state residence. I was able to do so for the IRA (maybe it got transferred in that way I dk).
I received a no ATM fee debit card.
As a US person, even I had withholdings on ROTH withdrawals. 10% was the minimum. I don’t know what your situation would be, but afaik they try to follow regulation/law.
I suspect you can continue to hold your mutual funds and UCITS if you go to India and buy ETFs if you wanted, but don’t UCITS work better from an estate tax perspective. They would be available via interactive brokers or probably a local broker there if Schwab doesn’t sell them (and keep the IRAs at Schwab). I suspect Schwab will sell UCITS to you in India though. Let us know when you find out.
Do you have any experience how competive the foreign currency exchange rate on the schwab debit card is? I have read in other threads that visa adds 1%, that is calculated in. Do you have experience with international wire transfers through schwab as far as timeline and exchange rate is concerned? I am applying currently for a schwab international account. My dealings with them have been great. I am ok with paying something for excellent service.
Statistics: Posted by Else — Fri Nov 08, 2024 1:25 am — Replies 112 — Views 10028