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Author: smdiss Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: teaching overseas/IRAs Date: 2/19/2001 6:00 AM
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Hi Sam,

I am in a similar boat as you. I have been working in Germany for the past 4 years and will stay on for another 4. On one of our boards for the online Investing Basics Seminar I'm currently participating in, I've gleaned the following: If we take advantage of the foreign earned income exclusion, then this "eliminates" our earned income. We then no longer qualify for an IRA (Roth or traditional). Someone please correct me if I am wrong.

It gets a bit more complicated for me (or at least I'm making it so!). My fiancé is American, stationed here in Germany. He already has an IRA account (traditional, I believe). My question is: once we are married (in about a year), can he open a spousal IRA for me? In the MF article All About IRAs - The Ten Types (http://www.fool.com/money/allaboutiras/allaboutiras02.htm), it states that a spousal IRA "is an IRA funded by a married taxpayer in the name of his or her spouse who has less than $250 in annual compensation. The couple must file a joint tax return for the year of contribution." The working spouse can contribute up to $2000/year for his/her own IRA, and up to $2000 for the other spouse's IRA. Would we be eligible for this if I am still filing under the foreign earned income exclusion? Can anybody shed some light on this?

smdiss
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