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Money, Taxes, And International Things
I live in New Zealand.
I am a tax paying resident here.
I am also a tax-filing citizen in the US with many investments being handled primarily by my father (he's been making them since I was born) and an investment specialist person? No idea what that job-title should be.
I am wanting to see if anybody has any experience or advice on divesting myself from the US market and then transferring all of that money, whatever it is, into my NZ retirement fund. What would that do to my US Tax situation? To my NZ Tax situation? Am I being absolutely insane in wanting to do this?
Part of me just wants to put this money that is mine under something that I control, rather than it being under my dad's control. and I don't have the time, patience, or werewithall to learn how to do the US Stock Market while also trying to focus on living a life on the other side of the planet.
Anybody have any insights?