UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: jankes Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: teaching overseas/IRAs Date: 2/19/2001 3:40 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Maybe someone can help me out with this question. I have been teaching overseas for 4 years (and I plan to continue for 8 more years---then retire at age 60). Since I do not pay US income tax on my earnings (less than the $70,000 allowable), and as I understand it an IRA "is a personal retirement savings plan available to everyone under age 70 1/2 who receives taxable compensation during the year." Since I do not receive "taxable income"---am I eligable for a Roth IRA (or any IRA)---if so, is it a wise investment in my situation?

I appreciate any help on this....sam
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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