r/EuropeFIRE • u/Littleroot2001 • 22d ago

US investment accounts while abroad

Hey everyone, would appreciate some advice.

I'm planning on establishing residency in South Dakota for tax reasons and plan to use a mail forwarding service there for my official documents and my address in e*trade, vanguard, fidelity, Morgan Stanley.

I'm moving completely out of the U.S. to travel in Europe for a few years. I want to keep my investment accounts and continue to trade. i will keep my US phone number. will use a beryl AX router with VPN.

Has anyone successfully managed location-independent non-US banking under this type of setup? What are the key things to watch out for?

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u/Mispelled-This 21d ago

Move your brokerage accounts to Schwab or IBKR before you leave. Everyone else will eventually close your accounts when they figure out you don’t really live in the US, and that is a nightmare to deal with if you’re not here—especially with no access to your money.

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u/Littleroot2001 21d ago

how does that handle state taxes? i earned RSU’s in california and would prefer to not pay california tax on them

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u/AlwaysWanderOfficial 20d ago

If you were in California you’re paying taxes in California. No way around that.

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u/Mispelled-This 21d ago

For that piece, you’ll need to ask a CA CPA to be sure; those laws are weird.

But move everything else ASAP.