First, the ETFs you use should be non-US domiciled (preferably Irish-domiciled for the stock ETF). This is to avoid US estate tax and benefit from the Irish income tax treaty with the US.
As was said above, the cash in your IBKR account counts as a US situs asset, so you should always keep the cash balance below $60k to avoid triggering US estate tax.
Also normally, your bond allocation should be in an intermediate term bond ETF, not short term. Short term may have served you well in 2022, but now is a good time to switch to an intermediate term ETF (possibly USD-hedged since you live in UAE). SGLU (sovereign only) and AGGU (aggregate) are solid choices.
As was said above, the cash in your IBKR account counts as a US situs asset, so you should always keep the cash balance below $60k to avoid triggering US estate tax.
Also normally, your bond allocation should be in an intermediate term bond ETF, not short term. Short term may have served you well in 2022, but now is a good time to switch to an intermediate term ETF (possibly USD-hedged since you live in UAE). SGLU (sovereign only) and AGGU (aggregate) are solid choices.
Statistics: Posted by daviddem — Wed Feb 28, 2024 1:59 am — Replies 7 — Views 1110