Search found 10 matches

Return to advanced search

Re: Should I stop contributing to 529 Plan?

The WI max deductible 529 contribution annually per recipient is now $3,050. Personally, we're maxing those out immediately after our tax advantaged retirement accounts to reduce our state tax bill. The UW currently runs just shy of $20k per year for just tuition, room and board and increasing rapid...
by BeaverFood
Thu Sep 11, 2014 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I stop contributing to 529 Plan?
Replies: 4
Views: 723

Re: Low Income Investor (Tax Concerns)

Also, If I was you, I would make sure my emergency fund is fully funded for my transition out of grad school. I wanted to echo this advice: I know it's tempting to invest all of the funds and start getting returns on your investments, but I would suggest keeping at least 6 months of living expenses...
by BeaverFood
Thu Sep 11, 2014 7:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Low Income Investor (Tax Concerns)
Replies: 31
Views: 1835

What next after exhausting tax advantaged retirement?

After a lot of reading and research, I think we have a comfortable AA for our retirement accounts. However, we're at the point where we've exhausted our tax advantaged accounts and need additional taxable investments to get caught up on retirement. I'm seeing conflicting suggestions everywhere on wh...
by BeaverFood
Thu Aug 28, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: What next after exhausting tax advantaged retirement?
Replies: 3
Views: 507

Expat tax advisor

Can anyone recommend a good, trustworthy expat tax adviser? Ideally, I'd prefer to work with someone in the US or Middle East, but we would be happy to conduct business via the web and Skype calls if needed. Bottom line, I want to work with someone who really knows their stuff. Live abroad, 2 income...
by BeaverFood
Tue Apr 22, 2014 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Expat tax advisor
Replies: 3
Views: 381

Backdoor Roth with duductible TIRA contributions?

Neither of us qualify for employer-sponsored retirement plans and we exceeded the Roth contribution limits for 2013 as a couple. Under the IRS rules, we could make tIRA contributions that were deductible, so we maxed those out. Every explanation I see about backdoor Roths starts with nondeductible t...
by BeaverFood
Sat Mar 22, 2014 2:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with duductible TIRA contributions?
Replies: 3
Views: 345

TIRAs or Backdoor Roths?

We currently live abroad and have no access to tax advantaged retirement accounts through work. We also exceed the Roth limits for 2013. All of our retirement funds are currently in 401ks with current/former employers from when we were in the States, so no IRA funds of any type. We will be opening T...
by BeaverFood
Tue Dec 17, 2013 3:40 am
 
Forum: Investing - Help with Personal Investments
Topic: TIRAs or Backdoor Roths?
Replies: 4
Views: 358

Re: Expats, IRAs and FEIE

Thank you both so much!
by BeaverFood
Mon Nov 04, 2013 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expats, IRAs and FEIE
Replies: 8
Views: 516

Re: Expats, IRAs and FEIE

Both provided that the amount of the income for the person who exceeds the FEIE is sufficient to fund both contributions. Do you know where I can find info to support that claim? I was looking at the IRS pub on retirement accounts and it only talks about Spousal IRAs for a spouse with no income. Th...
by BeaverFood
Mon Nov 04, 2013 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expats, IRAs and FEIE
Replies: 8
Views: 516

Expats, IRAs and FEIE

We are currently living abroad and confused about IRAs and the Foreign Earned Income Exclusion. We are a two income family, one of our incomes falls entirely under the FEIE and is not taxed. The other's income exceeds the FEIE limits and is taxable on a portion of the package. Can we contribute to t...
by BeaverFood
Mon Nov 04, 2013 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Expats, IRAs and FEIE
Replies: 8
Views: 516

Return to advanced search