Last year, I inherited an IRA from my US based father. It is currently about half AMZN shares and half cash. As it’s an IRA I can’t just take it all without a heavy US income tax penalty but I only have 7 years left in order to take it all out and convert it to GBP.
I am very new to investing, having only had a pension and savings. UK/US tax rules mean I can’t have an ISA.
My issue is that I have seen various ETFs that are recommended as no-brainers, but Schwab, who hold the IRA, won’t let me buy them as I am resident in Europe. Apparently, they don’t adhere to EEA investing rules.
What CAN I invest in for the remaining years I have to hold the IRA for?