Skip to content

Korean money life

  • About
  • Money Basics
  • Investing
  • Credit Scores
  • Taxes
  • Insurance

DONGHYUN KIM

Retiring to Korea from the US: The Financial Checklist Nobody Gave You

07/31/202607/10/2026 by DONGHYUN KIM
Seoul Korea city skyline at night

Retiring to Korea from the US? What changes for taxes, Medicare, 401k withdrawals, and Korean health insurance — the checklist with real numbers.

Categories Investing Leave a comment

What to Do With Your 401(k) When You Move Back to Korea — 4 Options Compared

07/31/202607/09/2026 by DONGHYUN KIM
What to Do With Your 401(k) When You Move Back to Korea — 4 Options Compared

Planning to move back to Korea? What happens to your 401(k) — early withdrawal costs, IRA rollover steps, and what the Korea-US tax treaty covers.

Categories Investing Leave a comment

First Week US Banking Setup for Korean Immigrants — The Exact Checklist Nobody Gives You

07/31/202607/08/2026 by DONGHYUN KIM
US bank debit card and laptop

New to America? The exact US banking setup order — bank account without an SSN, SSA application timing, and your first credit card, step by step.

Categories Money Basics Leave a comment

Laid Off in America? Your First 48-Hour Financial Checklist (H1B & Immigrant Edition)

07/31/202607/07/2026 by DONGHYUN KIM
H1B layoff packing up desk

Just got laid off? Step-by-step financial checklist for the first 48 hours after an H1B layoff — COBRA, severance, 401k, and unemployment benefits.

Categories Money Basics Leave a comment

Sending Money to Korea in 2026 — Wise vs Remitly vs Korean Bank Apps (Real Fee Comparison)

07/31/202607/06/2026 by DONGHYUN KIM
US dollars and other international banknotes representing sending money to Korea

Sending money to Korea? Compare Wise, Remitly, and Korean bank apps by total KRW received — real fees plus exchange rate spreads by transfer amount.

Categories Money Basics Leave a comment

ITIN Spouse Tax Filing: Why Married Korean-American Couples Are Leaving $5,000+ on the Table

07/31/202607/05/2026 by DONGHYUN KIM
itin_coupled_featured

MFS with a Korean spouse can cost thousands. The NRA spouse resident election (IRC 6013g) lets eligible couples file jointly for the full $29,200 deduction.

Categories Taxes Leave a comment

You Wired Money from Korea Legally — So Why Did the IRS Send You a Penalty Notice?

07/07/202607/04/2026 by DONGHYUN KIM
irs_front

Wired Form 3520 Korean real estate proceeds to the US? Filing is required over $100,000, and missing it can mean a 25% penalty. Here’s what to know.

Categories Taxes Leave a comment

FBAR vs FATCA: What Korean Americans With Korean Bank Accounts Actually Need to File

07/31/202607/03/2026 by DONGHYUN KIM
Compliance

FBAR vs FATCA are two separate filings with different thresholds and penalties. Here’s what Korean Americans with Korean accounts need to know.

Categories Taxes Leave a comment

H1B First Year Taxes: The Dual Status vs. Full-Year Resident Choice That Can Save You Thousands

08/06/202607/02/2026 by DONGHYUN KIM
IRS on the wall.

H1B first year tax filing explained — the First Year Choice election under IRC 7701(b)(4) vs dual status. Know your options before you file.

Categories Taxes Leave a comment

You’ve Been Paying a Tax You Don’t Owe on OPT — Here’s How to Get It Back

07/07/202607/01/2026 by DONGHYUN KIM
tax return day

On F1/OPT status? You likely qualify for the FICA exemption, meaning your employer may be withholding Social Security and Medicare taxes you don’t owe.

Categories Taxes Leave a comment
Older posts
Newer posts
← Previous Page1 … Page8 Page9 Page10 Next →

Recent Posts

  • Sign-On Bonus Clawback on H-1B: The Tax Fix and the Green Card Risk It Hides
  • Home Office Deduction: Your W-2 Can’t Claim It, Your Korean Side Income Might
  • Korean Rental Property Income While Living in the US — How to File Including Currency Conversion
  • Self-Employed SEP-IRA — How to Count Korean Consulting Income Paid in Won
  • The Year End Tax Moves Korean-American Cross-Border Families Actually Need

Recent Comments

No comments to show.
Privacy Policy | Contact
© 2026 Korean money life • Built with GeneratePress