- Видео 256
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RetireJapan - Personal Finance in Japan
Япония
Добавлен 17 авг 2016
Personal finance, investing, and retirement for people living in Japan.
Subscribe now for:
* Guides to iDeCo and NISA accounts.
* How to set up an investment or pension account.
* Ways to pay less tax in Japan.
* Tips for saving and improving your finances.
There's also more info on the RetireJapan blog and forum, as well as articles and links: www.retirejapan.com
Subscribe now for:
* Guides to iDeCo and NISA accounts.
* How to set up an investment or pension account.
* Ways to pay less tax in Japan.
* Tips for saving and improving your finances.
There's also more info on the RetireJapan blog and forum, as well as articles and links: www.retirejapan.com
Getting your finances in order in Japan in 2025
Your First Ten Million Yen, our flagship online personal finance course for beginners living in Japan:
___________________________________________________
See the RetireJapan main site for more blog posts and information: www.retirejapan.com/
Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/
Join our forum to ask questions and discuss personal finance in a friendly environment: www.retirejapan.com/forum/
Follow RetireJapan on Twitter: retirejapan_OG
Or Facebook: RetireJapan
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Subtitles and effects from Submagic: submagic.co?via=ben-53 (a...
___________________________________________________
See the RetireJapan main site for more blog posts and information: www.retirejapan.com/
Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/
Join our forum to ask questions and discuss personal finance in a friendly environment: www.retirejapan.com/forum/
Follow RetireJapan on Twitter: retirejapan_OG
Or Facebook: RetireJapan
Gear:
Sony ZV-E10 camera: amzn.to/3w6Xvlb
Sony ECM-B1 mic: amzn.to/3GPXOa8
Sigma 16mm 1.4 lens: amzn.to/3IAKR5c
Subtitles and effects from Submagic: submagic.co?via=ben-53 (a...
Просмотров: 184
Видео
Are you ready for the worst in Japan?
Просмотров 2,5 тыс.21 день назад
See the RetireJapan main site for more blog posts and information: www.retirejapan.com/ Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/ Join our forum to ask questions and discuss personal finance in a friendly environment: www.retirejapan.com/forum/ Follow RetireJapan on Twitter: retirejapan_OG Or Facebook: RetireJapan Gear: Sony ZV-E10 c...
Tis the season... to go shopping with your tax money in Japan 😀
Просмотров 911Месяц назад
Furusato nozei is a government policy in Japan that was originally designed to allow people living in cities to send money back to their home town in the form of their local inhabitant's taxes. However, the addition of 'thank you gifts' from the recipient local authority, and the ability to send money to any local government in Japan have changed the shape of the scheme somewhat. In practice, y...
Getting started with personal finance in Japan
Просмотров 994Месяц назад
See the RetireJapan main site for more blog posts and information: www.retirejapan.com/ Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/ Join our forum to ask questions and discuss personal finance in a friendly environment: www.retirejapan.com/forum/ Follow RetireJapan on Twitter: retirejapan_OG Or Facebook: RetireJapan Gear: Sony ZV-E10 c...
iDeCo for teachers and public servants
Просмотров 8232 месяца назад
Teachers and public servants in Japan (kyosai members) have lower iDeCo contribution limits, but that is finally changing next month (December 2024). See the RetireJapan main site for more blog posts and information: www.retirejapan.com/ Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/ Join our forum to ask questions and discuss personal finance in a friendly envir...
Losing your second languages in old age
Просмотров 2,8 тыс.2 месяца назад
Learning Japanese will make your life in Japan much easier and probably more enjoyable. But what happens if you lose your Japanese language skills? See the RetireJapan main site for more blog posts and information: www.retirejapan.com/ Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/ Join our forum to ask questions and discuss personal finance in a friendly environ...
The 5 best investments in Japan (and 5 I would stay away from)
Просмотров 4 тыс.2 месяца назад
Our flagship online course, Your First Ten Million Yen, is running again in November. More info here: retirejapan-2.ck.page/92a7095bad Investing in read estate in Japan: ruclips.net/video/A6QUlBzH11c/видео.htmlsi=f2KNWeN7be59UZ_p Retraining as a programmer in Japan: ruclips.net/user/live0cY_DBKC9qI?si=GVuOU8BaGoi7cbXj See the RetireJapan main site for more blog posts and information: www.retire...
Rakuten Securities main page walkthrough
Просмотров 7993 месяца назад
Rakuten Securities is a great low cost broker for people living in Japan, but it can be a bit overwhelming at first. This short walkthrough explains all the important sections of the main page. More information and resources on our website: www.retirejapan.com/ Get our FREE guide to personal finance in Japan here: retirejapan.gumroad.com/ Sign up for more information on our live course Your Fir...
The RetireJapan Guide to NISA 2024
Просмотров 2,1 тыс.6 месяцев назад
The RetireJapan Guide to NISA 2024
Japan is giving out tax credits and benefit payments in 2024 to most of population
Просмотров 4 тыс.6 месяцев назад
Japan is giving out tax credits and benefit payments in 2024 to most of population
Should you change your investing strategy because of the weak yen?
Просмотров 2,4 тыс.7 месяцев назад
Should you change your investing strategy because of the weak yen?
Inheritance tax in Japan is not as bad as you think it is
Просмотров 2,9 тыс.7 месяцев назад
Inheritance tax in Japan is not as bad as you think it is
Moving to Japan won't fix your problems -it will likely make them worse
Просмотров 10 тыс.7 месяцев назад
Moving to Japan won't fix your problems -it will likely make them worse
Japan's hidden gem -why did it take me 24 years to visit?
Просмотров 2 тыс.7 месяцев назад
Japan's hidden gem -why did it take me 24 years to visit?
Proposals to make it easier to revoke permanent residence in Japan -I am concerned, but should I be?
Просмотров 8 тыс.7 месяцев назад
Proposals to make it easier to revoke permanent residence in Japan -I am concerned, but should I be?
The yen at 160 -what can we do about it investing from Japan?
Просмотров 2,5 тыс.8 месяцев назад
The yen at 160 -what can we do about it investing from Japan?
Do you NEED to speak Japanese to live or retire in Japan?
Просмотров 2,5 тыс.9 месяцев назад
Do you NEED to speak Japanese to live or retire in Japan?
Thinking about retiring in Japan: what am I looking forward to? What am I afraid of?
Просмотров 5 тыс.9 месяцев назад
Thinking about retiring in Japan: what am I looking forward to? What am I afraid of?
I lost my job (twice!) in Japan, and it was the best thing that could have happened...
Просмотров 1,2 тыс.9 месяцев назад
I lost my job (twice!) in Japan, and it was the best thing that could have happened...
this one habit will TRANSFORM your relationship with money
Просмотров 1,2 тыс.10 месяцев назад
this one habit will TRANSFORM your relationship with money
Is it worth saving and investing small amounts of money in Japan?
Просмотров 1,6 тыс.10 месяцев назад
Is it worth saving and investing small amounts of money in Japan?
Four reasons NOT to pay your mortgage back early in Japan and one reason you might want to
Просмотров 1,2 тыс.11 месяцев назад
Four reasons NOT to pay your mortgage back early in Japan and one reason you might want to
Should you invest a lump sum all at once or break it into smaller monthly investments?
Просмотров 1,2 тыс.11 месяцев назад
Should you invest a lump sum all at once or break it into smaller monthly investments?
20 ways to be comfortable in the Japanese winters... without breaking the bank!
Просмотров 74511 месяцев назад
20 ways to be comfortable in the Japanese winters... without breaking the bank!
Thank you. I believe a nice combinaison of Dave ramsey and Mary combo can get you a long way.
Just curious, have you looked into Metapanet (3350.T)? I'm thinking if I should open a position, given their plans and potential upside.
I hope your passing out was nothing too serious in the end. 2025 is a nervous year for investing, it really feels like we’re heading into unprecedented times. And then there’s the cost of living increase, with rising prices and a family to feed >10% is a tall order. I’ve been pointing younger colleagues at the site so they start investing *before* they have kids.
Thank you! Couldn't find any issue, so hopefully it wasn't anything serious 😁 Completely agree: anyone who gets started with personal finance is going to have a much easier time in the future.
I’ve been living in Japan for five years now but I’m thinking of starting investing now so what do you recommend for beginners and how much should I start with and is it legal for foreigners working in Japan to invest in stocks or whatever investments
Get our free 10 step guide here: retirejapan.gumroad.com/ More info at retirejapan.com
Quách Quang Khánh nộp thuế thừa kế rồi. Bây giờ chả có gì lo nghĩ, vi vu sống chậm tận hưởng cuộc sống. Vậy thôi
Thank you. I agree that for most people it doesn't make sense to worry about inheritance tax 😀
Can I invest in NISA if I’m already investing in SBI Benefit Systems 401K?
Yes, any resident of Japan over the age of 18 can open a NISA account. There are no other conditions or restrictions.
Just watched your video. Have you researched how the Japan taxes your foreign retirement income and how tax implications of inheritance from abroad?
Yes, we have blog posts about both of those on our main site RetireJapan.com TLDR: foreign income is taxable in full after 5 years in Japan and foreign inheritances are taxable after ten years in Japan OR immediately if a citizen, permanent resident, or on a spouse visa Please consult a professional or the tax office for tax advice on your specific situation
when someone should take decision to start investing in Japan , Nisa, MF or property .. if not getting sure how long he may say (with / without his will) .. shoudl be be only after PR or before that also .. espcially someone already lived 5 yrs in Japan want to live more but not very sure about the future.
If you are planning to leave in a year or two, probably doesn't make sense to invest here. If you will be here at least 5 years, maybe use NISA to invest. If you will be here for the long term, look at iDeCo. Real estate investments might make sense depending on your circumstances.
I think AI and smart translation tool can fix this issue very easily and dont think we are far away from that . where it can be used by mass.
Yes, certainly technology is going to help with transactional interactions. I hope we get treatments for dementia too!
Thank you for sharing your knowledge n experiences. Filipina watching from Yokohama
Where would you live if you had $2500 a month?
Where I live now. Money is thankfully not a factor in decision making for us any more 😀
I’ve been in Japan since 1983 41 years , I purchased a private retirement at Sumitomo nennkinn hoken for 32 years since I was 27 until 62 I paid a total of ¥11,435000 now I’m getting per year ¥2,300,000 for 10 year until 70 plus my Japanese retirement from 65 , I recommend if you have plan to stay in Japan forever to think to have a private retirement national Japanese retirement will not be enough to make a good living
Completely agree that nenkin is not likely to be enough for most people 😃 Starting now I think NISA and iDeCo might give a better return going forward 💪
@ yes I think to do NISA but I don’t have understand how it works I want to invest in stock market what about SBI on line but it’s in Japanese I can’t read kanji only hiragana and katakana my wife is Japanese we have plan to invest in stock market what
Hi I never see this law I’ve been in Japan 41 years since 1983 now I’m 62 I paid nennkinn until 60 for 33 years , now I don’t pay nennkinn is it ok they will not remove my permanent visa I pay tax for my house as I bought it japan is scary
It's a new law. But you only need to pay nenkin until age 60 so you should be safe 😉
@ thank’s I’m residing in Atsugi will like to meet you someday I’m on Facebook , I’m musician
hi there, i liked your video - it was clear and concise - thx for sharing. the content doesnt quite align with what im planning on doing i.e buying several properties around japan that i can spend a month or two in each year but still predominantly reside at home outside of japan. i wont need mortgages for these properties. i am finding it more difficult than i thought, even after months of research and planning. iv got my notarized and translated affidavit, connected with an escrow agency to facilitate fast fund clearing on settlement BUT the bureaucracy and lack of clarity regarding what each entity require is doing my head in. Iv engaged the services of a judicial scrivener to act on my behalf by giving them power of attorney, but now they are saying i will need to travel to japan twice; once for purchase/deposit and then at settlement??? i thought that's what i was paying them to do. i have heard of many many stories of foreigners purchasing properties without the need to travel even once. i must be missing something :)
Personally I wouldn't bother buying them - surely it would be easier/cheaper to just rent when necessary? Have you talked to Ziv Nakajima-Magen? Find him on LinkedIn, he's very helpful and specializes in what you want.
@@RetireJapan_OG i have considered renting but it felt difficult to source before we arrived and even more difficult to source the exact period of time we wished to allocate. no i havent heard of Ziv? thanks for the headsup - ill check him out.
This is the only article I have found addressing my question below. But I think she confuses the 18 million contribution limit with the possibility that your profits may increase the total amount in the NISA way above your 18 million contribution. So upon withdrawal, how do you allocate or distinguish any profits from original contribution ?
When you sell, you are selling shares or mutual fund units. They will have a base price you bought them for, and (hopefully) a profit. You recover the base price towards your lifetime allowance, but not the profit.
Love all of your videos. If you put in the max (18 million yen) and it grows for 10 years and you make a sizeable tax free withdrawal. How do you know how much is profit and how much is your original contributions? Is there some rule for classifying the money withdrawn as profit or original contribution ? This is important if you want to max out your 18 million limit. But not sure how that is treated. Thank you for your amazing videos.
When you sell something from NISA, you recover the principal and can reuse it for your lifetime allowance. The profit is not taxed. So if you buy something for 100 yen, then sell it for 200 yen, you get 100 yen back towards your lifetime allowance.
Can you make for SMBC nikko securities
Sorry, I don't have access to the interface for that broker (we recommend people use an online broker if possible)
Came across this whilst searching for an informative video about NISA in english.Thank you this is really helpful. I will take a look at the brokers you have mentioned and make a decision on which one to open an account with.By the way what happens when i decide to leave Japan?
If you leave Japan permanently you are expected to close all bank and broker accounts. If you do so temporarily you may be able to keep them.
Any computation sir?
In sorry I don't understand what you mean
Nice! Hope you had a lovely time in the Philippines. My wife and I visited the islands a few times (always during the end of year/new year break) before we had children and have some wonderful memories from there. I'm looking forward to the time we can visit SE Asia again, but as a family.
Wow, I just stumbled upon this video after it was recommended to me by ChatGPT! I opened a Rakuten Securities account towards the end of last year, primarily to begin my NISA (better late than never...), quickly maxed out the allocation and am looking to do the same again this year. I will have to check through other videos on your channel as I'm sure there will be some useful investment recommendations. On a side note, if you have any resources on paying tax on UK-based investments, I would be very interested. I have a fixed rate bond with Skipton International maturing later in the month, so am trying to confirm whether (and how) I am required to pay CGT on the profit.
Thanks for your review. I bought a bootleg copy of the course. There is no need for me to join Ship 30
Subscribed.. Great summary. Thank you. QQ: Can we buy only stocks in the USA? Or is NISA limited to stocks listed in JSX?
can t disagree with you. the only con is the lack of airport. but living there is amazing
One good thing about the lack of airport is fewer tourists 😉
I started watching your videos it very informative thank you so much.I just opened a Rakuten security account but I don't have the つみたてNISA, NISA menu what can I do?
Great video! Really hit the nail on the head for me with most of this. My biggest fear/challenege is continuing to learn Japanese, especially after I watched the other video about possibly losing your second language as you get older....lol. We have been fortunate in many ways with our life so far as we have lived back and forth between Japan and America. But I always priortized work and everything else above continuing to practice Japanese. Now, being a 40-pus year old, making the commitment to study harder is daunting. Thanks again for your videos!
My pleasure! The key to acquiring language for me is to get as much exposure as possible. Read, watch TV, watch movies, talk to people, etc. Good luck! All the best for 2025 🐍
Thank you very much for your video! I have just opened a rakuteb security account. The only struggle I am having is to connect my MUFG bank so that I could make a deposit to buy index funds.
If the names on your bank account and Rakuten Securities account don't match, you may have problems. Best solution might be to contact RS customer service
@@RetireJapan_OG Understood. Thank you very much and Happy new year!!!
ok thank you. The video with Dean Yoshimoto is informative. I'll continue watching that as well as contacting my tax preparer in the US and the local tax offices.
Hello Ben, Sorry I got your name wrong in my last post. I'm trying to find out how my taxes will work as a retiree with spouse visa here in Japan. All my investments and banking will reside in the US financial system. I'm currently watching your video from a year ago with Dean Yoshimoto. Is this a good video to start with and which video would be a good followup?
I'm not really a tax person. You should do your own research and talk to the tax office in Japan (they are very helpful in my experience) and/or a tax specialist. You might start with looking at Japan's tax residency rules. For your first five years, you may not need to pay tax on your overseas investments provided you do not bring them to Japan. After five years you need to declare all worldwide income/investments, although the tax treaty should allow you to claim back a portion of any taxes paid in another country already.
As of December 2024, employers no longer need to provide paperwork to start an iDeCo (事業主証明書の廃止), making it easier for individuals to open an account. Still waiting for my application to clear, but excited about the expanded contribution limit!
That is great news. Anything that makes iDeCo easier to use is great. Now to simplify it so it is easier to understand!
Thanks for this honest and balanced review. I can see the value, but I too question the Twitter threads aspect. I have a blog and struggle with consistency, so I think it could be helpful from that standpoint. I am also interested in the RUclips academy as well.
To be fair, I took the course a while ago (before the whole x thing) and they may have a different approach now. The Part-time RUclipsr Academy is excellent. Completely transformed my journey on RUclips and very much worth the money if you have an existing business or something you can leverage RUclips for.
@@RetireJapan_OG Thanks for the quick reply. I decided to go for it. It's $350, which isn't a lot...though they no longer have the cohorts, so hopefully the value is still there. I do have some ideas for RUclips and I plan to take YTA in the future. I have a blog that touches on health & wellness and heart health, and I have some ideas for YT content. I'm hoping that Ship30 will help my current content generation, and hopefully that will serve as a springboard for YT. Thanks again for the informative review and the follow-up. Happy New Year!
@LATriBri you too! All the best for 2025 😀
Nobody talks about the annoying 3000 yen you have to pay to transfer the money that yuucho applies.
I only used Yucho once before finding Lloyds/Shinsei/GoRemit and then Wise.
@ Thanks for the quick answer! I‘ll look into it. Thank you!
Hello S1RLANC3, I'm in the same situation, Retired Military, Retiring soon from contracting/GS and have substantial savings/investment. I'm about $105K short of a million. From my understanding of this video the 4% rule sounds like you'll be fine. I'm a worry wort so I'm always thinking of what could go wrong. I liked this content and have subscribed to get more info. My question to Ron is medical. I get VA benefits as a retiree and go to any base medical facility. I have been going to local facilities lately but is there a lump sum payment to get medical here in Japan?
Residents of Japan are required to pay national health insurance. This is a monthly payment based on your income (can be very low if your income is low). You then pay up to 1/3 of the cost of healthcare, which is very cheap. I got a brain MRI a couple of weeks ago and my out of pocket cost was 7,000 yen.
@@RetireJapan_OG Thank you for the quick response. I'll check with the wife. I'll be changing my status to NON-SOFA in the next few months. I'll need to account for that expense. I've heard of a few folks who opted out of that.
Good luck! It's not a voluntary thing, but some people have gotten/get away with not paying.
Oh that’s what I forgot to ask. I don’t mind doing paying it. I gotta pay Medicare in the US also.
Great Story Ben. Karma's a good thing. Happy safe travels and HNY. Thanks for all the great content this year.
Thanks! You too 😀
I was in aviation ops, now heading to finance. Tbh its true that the frontline staff cant do much, and its not right to argue with them so better deal with the backline straight away. Bless you there, happy holiday!
Thank you!
kindness to front line staff is such a great barometer for people you want in your life!
Well, it might be one factor 😅
What if your parents give you money to buy a rental property? Is that also exempt? Because you mentioned about parents giving you money to buy a home is exempt.
You would want to check that with the tax office or an accountant (but my impression is that it would not be tax free)
.this is call class ❤
Great lesson, as always sensei!
Such a great simple lesson for everyone. Well done sir. Happy New Year.
You too!
Thanks for sharing this valuable lesson. I’m gonna try to follow this approach.
I really recommend it: even if you don't get better results, you still feel better this way 😀
Grace and gratitude goes a long way…..enjoy your end holidays 🤗
Thank you!
Very nice! 😊👍🌸
😀👍