Many years ago I worked for a Japanese company that was giving me DC. This was back in the days when I was young and dumb, i.e. the entire era is blurred in Strong Zeroes. I’ve since gotten my life largely in order, but this is one thing from the past that’s lingering that I just honestly don’t know wtf to do with.
As a result of being an all-star moron back then, I didn’t actually realize that I had to \*do\* something to invest the money. So this means that I have about 800,000 yen in an iDeCo that is sitting in 元本確保 100% (uninvested).
Then right as I was about to put this money into action, I learned that generally as a U.S. citizen, investment in a foreign country is a hugely bad idea due to extreme reporting regulations (correct me if I’m wrong on this). So…the money is just sitting there, losing about 1,000 yen/year in operational fees.
I report this account on my FBAR every year, but is there anything else I can do with this money realistically (and not set myself up for a bunch of tax pains)?
by uUqBDOqnXN