Hot answers tagged

28

You cannot buy your way into Social Security benefits. The only way to earn credits is by working in the U.S. and earning pay where Social Security tax is withheld. If you only need one credit, this could be obtained by working in the U.S. until you’ve earned $1320. Sources: AARP: Can You Buy Into Social Security? Social Security Administration: How You ...


12

You cannot buy credits, but work outside the US can count. Norway is one of the countries that work qualifies: https://www.ssa.gov/planners/retire/international.html


8

My wife and I have been ridiculously happy with YNAB. It's not "online," but syncs across our phones & computers using Dropbox. It supposedly supports different locales and currencies, but I have never needed to try that out.


7

This answer extends Ben Miller's answer, and is a universal answer for any country that doesn't have a deal like StrongBad discusses. You may be familiar with the Social Security part of FICA - an employee pays 6.2% on the first $130,500 and the employer matches. With a small business (assuming you haven't placed yourself on the payroll as an employee)...


5

In general, so long as you have a plan for paying the taxes on time, this isn't a bad idea. However, in the US (I know the question is about Norway) the government imposes a fine if less than 90% (85% for this year only) of the taxes owed are not paid as stipulated (quarterly). You should check Norwegian tax law for similar regulations or fines for ...


5

As a US citizen, you pay your taxes to the US Federal government on worldwide income, regardless of your residency. Check your State laws (the State where you're considered resident, vote for example) about whether you also need to pay state taxes. Also, depending on the country in which you earn the income, you might have to pay taxes there. You'll have to ...


4

3 month euribor is .201% today. So, 8.7% for Finland Mastercard. Card issuers' rates vary, and I've seen rates in the US from 8 or 9% right up to 24%, similar to the range you show. If you plan to pay in full each month, I'd take the longer grace period regardless of rate. I can honestly say I don't know the rate on my card. I pay in full every month, ...


3

I guess I don't understand how you figure that taking out a car loan for $20k will result in adding $20k in equity. A car loan is a liability, not an asset like your $100k in cash. Besides, you don't get a dollar-for-dollar consideration when figuring a car's value against the loan it is encumbered by. In other words, the car is only worth what someone's ...


3

There are many factors that need to be taken into account. I will now cover taxation, the coverage provided by the insurances and where you can use those services. Taxation benefits of insurances in Norway I found the following piece of information about Travelling Insurance in Skatt.no where I am a member in Norway: Har arbeidsgiver fradragsrett for ...


2

Estonia I went to ask questions in the insurance company store If in Estonia. They provide only Medical Aid as Travelling insurance. Medical insurance as "Travelling insurance" in Estonia - not insurance for property in the Nordic countries, only once 60 days, price 36.64 e in the Europe, one year, max 45 at once, so many times as wanted, price 57.51 e ...


2

UKForex accepted Finland as the place of residency. Some data about the spread costs at different amounts of selling Norwegian Krones so the constants a and b are euro-values: // 50000 NOK >>> a = 6665.35 >>> b = 6787.60 >>> ave = (a+b)/2 >>> diff = b-a >>> diff / ave 0.018174452443516106 // 5000 NOK >>&...


2

Your only other option is to use an online FX broker. Whether they can beat your bank's spread or not will depend on the amount of the transaction and the currency pair involved. You're fine with EUR but NOK is a less frequently traded currency so spreads are never going to be as tight as e.g. USD/EUR. See my answer here about FX brokers; xe.com would be a ...


2

The location that you are purchasing from is not really relevant. If you use either a Visa or MasterCard to make a payment in a foreign currency of any kind then your payment will automatically use Visa/MasterCard's FX platform. Whilst fees can vary between issuers, the fee is generally fixed at 2.5%. There are occasionally credit card issuers who have ...


2

Talk to a qualified accountant who is familiar with this situation! There is a US/Norwegian tax treaty - the full text in English is here. You didn't actually say but from context it appears that you are a Norwegian tax resident - under the treaty you will remain so, maybe (Article 3(2)). If you are a tax resident of another country then you will need to ...


2

In a situation like this the usual procedure is to file an extension instead of your tax return. When you get the Norwegian data then you file your real return. Note that the extension is only for the purposes of filing, not for paying--do your best to figure what you're actually going to owe and send that along with the extension request. (However, if ...


1

You haven't even mentioned whether you own property or not. If you don't own property now then you don't have to do anything. If you think there is going to be a property bubble and it will soon burst just get your finances in order and be prepared to buy if it does burst (that is if you are interested in buying property). If you do own property now, you ...


1

Can I use the foreign earned income exclusion in my situation? Only partially, since the days you spent in the US should be excluded. You'll have to prorate your exclusion limit, and only apply it to the income earned while not in the US. If not, how should I go about this to avoid being doubly taxed for 2014? The amounts you cannot exclude are ...


1

She would have to pay council tax (property tax) to the local authority.


1

European legislation and coming changes 2012-2014 There will be an European law in action which says that the price between different insurances cannot vary between two sexes. This change affects prices in Finland and Estonia, but not in Norway that is not part of EU. Some facts 19.12.2012 The Health insurance is cheaper for men than women. The Accident ...


1

I know exactly what you are talking about. You may like http://www.chext.net/ http://planwise.com/index.htm http://wealthorganiser.com/


Only top voted, non community-wiki answers of a minimum length are eligible