Handling RRSP and TFSA etc while resident in Brazil

Mikeflanagan wrote:

I'm still trying to figure out which bank I want to use locally here. Itau looks like a nightmare like Canadian banks. Probably has alot of the same ripoff margins like our TD Canada trust back in Canada. How's the fees with bradesco low I hope ? Because it's that or Santander or banco do Brasil which does operate in USA. Any suggestions on that front ?

07/25/21

You'll find the lowest fees at Caixa, but not by much.

We ended up at Banco do Brasil, mostly because they have offices and ATMs everywhere,  seems in some places on every corner, almost like pharmacies.  Their fees are competitive, opening our accounts  (two personal and one joint) was low hassle by Brazilian standards, and ,being government-owned, they're not likely to be suddenly sold out from under us some day.

Don't be fooled by nameplates.  Santander and Banco do Brasil own banks in the US that trade under the same name, but different banking regimes keep them separate, and there's little synergy between them that would be helpful to a customer from one country in the other.

Mikeflanagan wrote:

Probably has alot of the same ripoff margins like our TD Canada trust back in Canada

07/25/21

Mike,

Dividends from TD shares are helping to fund my retirement in Brazil, so I'd like to take this opportunity to thank you and your fellow Canucks for your contributions  - keep up the good work!  It's an ill wind that blows nobody no good.   

Mikeflanagan wrote:

I'm still trying to figure out which bank I want to use locally here. Itau looks like a nightmare like Canadian banks. Probably has alot of the same ripoff margins like our TD Canada trust back in Canada. How's the fees with bradesco low I hope ? Because it's that or Santander or banco do Brasil which does operate in USA. Any suggestions on that front ?

Mike I will check my last transfer. It is not the best, but I live with it.
We are doing fine, better half got 2nd jab last week, but still, mean as an Angus bull.

Mikeflanagan wrote:

Yeah. Try to help where I can. Just busy between work and family not as much time as I would love to be on here. How y'all doing these days anyways

07/25/21

We're great,  thanks.  I've had both shots, husband scheduled for his second on September 18.  Ten members of his family striken during the pandemic, but no deaths:  God has been gracious to us.  Even though most of his family are Bolsonaristas, everyone has sought out the vaccine.  The pragmatism of the average Brazilian is what still gives me hope, regardless of politics.

If all goes well, we'll be in the US for Thanksgiving,  for the first time since 2018. 

Mikeflanagan wrote:

Yeah waiting on my cpf before I can get my jabs. which is crazy. seems its a nightmare doing it online as I go in person. told they dont service in person. do it online as to which they do not reply to your emails at all. lol

07/25/21

Federal, state, and municipal authorities have done a good job of coordinating vaccinations here in Manaus:   after the international scandal of covid patients suffocating in the ICUs for lack of oxygen,  I'm sure that they've done everything they could to prevent being blamed for another catastrophe.   I wouldn't wish it on anyone else.   It was too high a price to pay for a good vaccination program.

Mikeflanagan wrote:

But will look at the local BB and see what they have to offer, now do banks here do the insured investments ? or is that only a north american thing

07/25/21

We both have accounts in Brasilprev through BB for tax-deferred savings, technically a pension scheme with a range of investment options, although after a waiting period, withdrawals aren't penalized.  We did it mostly to put idle BRL balances to work as the BRL drifted downward.  It seems pretty secure to me, but it's not insured.   I don't know how deposit insurance works in Brazil.  I'll have to research that.

abthree wrote:

If all goes well, we'll be in the US for Thanksgiving,  for the first time since 2018. 

I'm hunting for info on travel destinations for Coronavac recipients. This (https://www.uol.com.br/nossa/noticias/r … -mundo.htm) says that there are many destinations except for the USA.

Anyone have anything more useful for Coronavac vaccinated people?

I CAN go to Armenia, Albania, Azerbaijan, Benin, Bosnia, Colombia, Ecuador, Egypt, Finland, Mexico, Dominican Republic, Cambodia, Chile, China, El Salvador, Hong Kong, Indonesia, Libya, Malaysia, Macedonia, Oman, Paraguay, Philippines, Singapore , Somalia, Switzerland, Thailand, Uruguay, Tunisia, Turkey....

Matt

mberigan wrote:

abthree wrote:

If all goes well, we'll be in the US for Thanksgiving,  for the first time since 2018. 

I'm hunting for info on travel destinations for Coronavac recipients. This (https://www.uol.com.br/nossa/noticias/r … -mundo.htm) says that there are many destinations except for the USA.

Anyone have anything more useful for Coronavac vaccinated people?

I CAN go to Armenia, Albania, Azerbaijan, Benin, Bosnia, Colombia, Ecuador, Egypt, Finland, Mexico, Dominican Republic, Cambodia, Chile, China, El Salvador, Hong Kong, Indonesia, Libya, Malaysia, Macedonia, Oman, Paraguay, Philippines, Singapore , Somalia, Switzerland, Thailand, Uruguay, Tunisia, Turkey....

Matt

Matt,
My wife is in the US now and had no issues with any vaccine card. They did not ask.
She is not a US citizen either.