Hello, I'm a 31yo unmarried US citizen currently working and living outside the US with a non US company. I would like to find a way to create and contribute to an IRA but I'm not sure I'm eligible. I currently receive income from VA disability (nontaxed), salary for above mentioned overseas job, and dividends from another private foreign company in which I am a co-owner. If it matters, I contributed 45% of the startup capital to this company from my previous US earned income. The total amounts for these two foreign income streams is less than $100k, so it is not taxed because I utilize the IRS Foreign Earned Income Exclusion.
I will be moving back to the US in the next 4 years, but I'd really like to get my retirement fund started now because I can no longer contribute to the TSP Roth since separating from the military.
If it turns out that I'm ineligible for an IRA, I would really appreciate any insight and suggestions for alternative retirement options. I was considering opening a standard M1 investment portfolio with their 2050 expert pie. Thanks so much for your help.
Submitted September 02, 2018 at 04:28AM by tayezz https://ift.tt/2NIMHBX
