I’m a recent college grad (engineering) with US+EU citizenship planning to stay in Germany indefinitely as my fiancé is German. Starting a new job as an engineer making €63k which isn’t much coming from the US but the company will buy me a car for private use and pay for insurances and everything. I also am in a situation where I’ll pay half the taxes I usually would so roughly only €10k.
I’m just about to start my career and I am wondering how to go about investing/saving. I would greatly appreciate it if somebody could give me some advice. What do people do for investing here? What’s the best way for me to invest? Should I transfer euros to USD to invest in the American market? I would plan on pretty much just investing in the S&P 500 and keeping some USD in HYSA’s for emergency use.
Is there anything I can take advantage of in my situation? Any tax credits to look into? Honestly I’m just looking for some advice. Thanks in advance.
EDIT: Also for whatever it’s worth, it’s not difficult for me to maintain a residence or anything in the USA. All my family lives there, still have my residence and stuff at my parents, still have a US phone plan I can get free texts with here when needed for dual verification
I’m just about to start my career and I am wondering how to go about investing/saving. I would greatly appreciate it if somebody could give me some advice. What do people do for investing here? What’s the best way for me to invest? Should I transfer euros to USD to invest in the American market? I would plan on pretty much just investing in the S&P 500 and keeping some USD in HYSA’s for emergency use.
Is there anything I can take advantage of in my situation? Any tax credits to look into? Honestly I’m just looking for some advice. Thanks in advance.
EDIT: Also for whatever it’s worth, it’s not difficult for me to maintain a residence or anything in the USA. All my family lives there, still have my residence and stuff at my parents, still have a US phone plan I can get free texts with here when needed for dual verification