Hello,
I'm 34, my wife and I live overseas and I work for a massive, private engineering firm. A colleague sent me over to MMM, and I'm hooked!
My question is this:
What kind of tax liability is incurred for a vanguard savings account? Say for instance if I bought into the S&P500 mutual fund.
I'm able to put down 50,000 as a principal, and 5000 a month after that, as long as we stay overseas. my 401k is already maxed out, and I already make a 5,500 per year contribution into a Roth IRA.
I've read a bit about capital gains tax, and dividend tax, and I "think," we'd be okay for the first few years, until the number of shares started to really make a difference with the dividends...
Any assistance greatly appreciated!