04-08-2004, 07:05 PM
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 Re: Expat Living Abroad - Retirement contributions "livingabroad" <nospam.vanlaeken.nospam[at]datazug.bittekeinspam.ch> writes: - quote - > We've recently moved to Switzerland for my spouse's job. It
You may not be able to do even that.> now appears that our retirement contribution options are > EXTREMELY limited. Since we're in the Swiss office, we're > unable to contribute to the company 401K and we're American > and living here temporarily so we're unable to contribute to > the Swiss pension. Are we missing something or is it true > that our only tax deferal option is the $3000 contribution > allowed? To make an IRA contribution you must have taxable compensation. If all your earnings are excluded through the foreign earned income exclusion you have nothing on which to base an IRA contribution. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-07-2004, 11:03 AM
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| Expat Living Abroad - Retirement contributions We've recently moved to Switzerland for my spouse's job. It now appears that our retirement contribution options are EXTREMELY limited. Since we're in the Swiss office, we're unable to contribute to the company 401K and we're American and living here temporarily so we're unable to contribute to the Swiss pension. Are we missing something or is it true that our only tax deferal option is the $3000 contribution allowed? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| abroad, contributions, expat, living, retirement |
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