Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: bcoletti Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121189  
Subject: Foregin Earned Income Exclusion and 401(k) Date: 4/9/1998 7:59 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I work over seas and claim the $70k foregin income exclusion. So in effect I pay no income tax and am in the lowest tax bracket. The question comes up how to handle my 401(k) contribution. All advise I have found and my thinking is that putting all you can into the 401 is a good bet. However, I don't need the tax break. I can do better annually in my stock portfolio than I can in the 401 which is limited to a few stock / bond mutual funds and an index fund. Not a bad plan but none of the funds can keep up with a simple Dow4 or whatever. Should I be fully into the 401k? Obviously the non tax issue of discipline is a consideration but for now I factor that out.

Please comment.

Bill in Bulgaria
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Back to the Future Buffalo Wild Wings
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement