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Financial Planning / Tax Strategies


Subject:  Re: Expatriot IRA Question Date:  2/9/2001  6:56 AM
Author:  YvesManoover Number:  46011 of 124774

Couchcamel: I have been claiming the Foreign Earned Income Excusion since 1995, and every year I contribute to my Roth IRA, and to my wife's Roth IRA.

Wow! How do you do that? My hazy knowledge is that you have to have U.S. earned income in order to plunk in to your Roth for a given year. As all my earned income is earned overseas, I thought that meant I couldn't make IRA contributions. Do you somehow still manage to have U.S. earned income every year, or is there something I'm missing?

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