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Messages - jmd247

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Taxes / Re: Tax help for Expat
« on: April 29, 2020, 12:31:16 AM »
Is there a preference over Roth IRA over Roth solo 401k?

Also do you have a Roth solo 401k reccomendation? Iím having trouble finding a Roth option.

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Taxes / Re: Tax help for Expat
« on: April 28, 2020, 09:03:02 PM »
Okay great. I have another question @gocurrycracker.

Since we technically can take the foreign earned income exclusion, from what I am reading we shouldn't? This will make it so we cannot contribute to our Roth IRA's correct? We make about 40-55k a year. I am a little confused about the rules with FEIE and IRA's both Roth and Traditional.

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Taxes / Tax help for Expat
« on: March 31, 2020, 08:20:16 PM »
HI guys,
My wife and I serve with an NGO in Cambodia. We are technically still residents of CA. We pay almost no federal income tax because we make about 40k a year but after the deduction and housing allowance we dont really have any income to be taxed on. However I am payed via a 1099 so we DO have to pay self employment taxes. They are the worst!

My question is this: I am struggling to find how with my current situation with already not paying any income taxes, using a IRA or solo 401k or 403b (have access to this), is more beneficial than the RothIRA. The reason is because putting money into any of these does not reduce my self employment taxes right, and these are really the only taxes I pay. Trying to look into an HSA as well but having a hard Time finding if I can being international.

Any word of advice on how to proceed?

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Expat life / HSA for Expats
« on: March 31, 2020, 07:42:54 PM »
Hi there, my family and I are expats in Cambodia. I am looking to get an international health plan that includes the USA and the rest of the world that qualifies for an HSA. Has anyone been able to do this with being an Expat? Also anyone have experience using medical expenses from overseas to claim funds with your HSA? Thanks so much for the help!

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