From: "PeterL"
Newsgroups: misc.invest.financial-plan
Subject: Re: Tax free, deferred, or taxable accounts for 30 yr old retirement.
Date: Thu, 1 Feb 2007 04:00:22 -0600
posting-account=nBiVCg0AAACaesk62dMdvgE2bwOmv37s
iQBVAwUARcG6Nvl/I4+O31e5AQHITAIAnhB0t+JuFb32HoC8ilS5nKKw7YZeMLfP
wLSlj1Whg9SeFI8ETbWGXFoI5L8r0WvVQ+SgPF8c7FjHVHRUrjR+zg==
=vXi+
On Jan 31, 12:25 pm, "kastnna" wrote:
> I don't deal much with overseas income, so I ask this question. If he
> shows no US income, how can he contribute to any US retirement
> account? IRA contribs are limited to the current maximum + any
> applicable catch-up amounts OR 100% of your reported compensation,
> whichever is less. His US income is 0.00, he shouldn't be able to
> contribute at all, right?
>
> Just curious.
I have not thought of that. The company he works for is a US company
with multi national offices. So I am not sure whether his income is
considered US income. He is a citizen filing US income tax. Does
that not make him eligible for an IRA?
Where would I look for answers?
|