Search found 1 match

by wanderer333
Tue Nov 08, 2011 7:28 pm
Forum: Forum 1. From Questions About ISS & Search to Anything and Everything About International Teaching
Topic: Financial questions
Replies: 3
Views: 8898

Financial questions

Hi,

I just started teaching overseas this school year and learned that starting next year I will no longer be able to contribute to my ROTH IRA in the US. Seems that you can only contribute to a traditional or ROTH IRA if you have taxable compensation. My school pays me in local currency and US dollars that are sent to my bank in the US. The US dollars are not taxed by the US. I use the local currency to pay for my living expenses but now I am at a loss for what to do with my US dollars. Please help me by telling me what you do with your dollars. Mutual funds, bonds, offshore retirement account, etc. etc. I want to be able to save for my retirement or at least make my money grow faster than inflation. Thanks