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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: 331

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: 347

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: 487

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: 487

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: 487

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