Hey everyone. I'm a 25 year old living in the US who is hoping to move out of the country (Australia, New Zealand, or Canada) in a few years and not sure for how long. I still want to contribute and work towards retirement, but know that there are some difficulties with tax/contribution laws. Let me briefly explain my situation:
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I'm a high school teacher who enrolled in a retirement guarantee plan. I need to work for at least 5 years to become vested, but from there on out my guarantee is based on my years of service. This is my 2nd year.
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I do have a life insurance policy, and though I've read that this is not the best investment strategy, the man who has set it up for me is doing it for free as his way of paying back to education professionals, thus avoiding the hefty fees for these policies.
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I'm potentially looking at opening a Roth IRA, but know that contribution laws don't always allow people to contribute when theres no taxes income. My income would be covered under the Foreign Earned Income Exclusion so I wouldn't necessarily have any taxed income to claim and couldnt contribute. Is a Roth a good idea or should I go a different route?
What would you suggest?
Anything helps!
EDIT: Added the bit about the Roth, realized I need advice on how I should invest moving forward
Submitted April 07, 2019 at 10:36AM by Sherbert93 http://bit.ly/2OXcjwi
