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Personal FinanceMay 1
Googleoleyoleyoi

Keep Brokerage accounts open after leaving US

After leaving US, it looks like I can keep my US bank accounts and credit cards open. How about brokerage account with Fidelity and Schwab? I plan to call them this week but want to hear others’ experience. Thanks.

Interact witzerode May 1

Why not change your address to friend's based in the US and don't tell the bank anything else?

Google oleyoleyoi OP May 2

I will sell some stocks next year as non resident with zero US CGT. Keeping address at a friend’s house is fine but want to keep a clear cut so no tax implications at all in US.

Interact witzerode May 2

OIC. Watch out I remember going through something similar and they can still get you in certain circumstances. I imagine it's even easier for them if you have a US based broker.

Google dooory May 1

Apparently you can keep it open and at least Fidelity makes it easy to maintain the account.

Microsoft Minamato May 1

Keep it. And always invest only in usa stocks. India stocks are scam

Google oleyoleyoi OP May 2

Not from India :) thanks though

Qualcomm P4Panda May 2

Last time I checked, fidelity lets you keep your brokerage account. Just that you can only sell and not buy.

Google oleyoleyoi OP May 2

Thanks

Google oleyoleyoi OP May 3

I called fidelity today, it depends on the country you move to. For my case, it is like you said, can only sell/liquidate/withdraw.