Planning for retirement as an international teacher
Posted: Mon Mar 22, 2010 10:40 pm
I was hoping to get some feedback on different strategies people have for saving for retirement while working abroad.
I am 26, fifth year teaching (2nd abroad), already signed on for at least 2 more at a different school. I opened a Roth IRA before I left to teach abroad, but with only foreign earned income now, can no longer contribute to it. I have a state sponsored pension in my old district sitting stagnant since being gone two years, that I can leave in case I return to the states, or that I can reinvest. My investing savvy pretty much stops at knowing I should be saving, investing, planning for retirement.
Any thoughts? Thanks.
I am 26, fifth year teaching (2nd abroad), already signed on for at least 2 more at a different school. I opened a Roth IRA before I left to teach abroad, but with only foreign earned income now, can no longer contribute to it. I have a state sponsored pension in my old district sitting stagnant since being gone two years, that I can leave in case I return to the states, or that I can reinvest. My investing savvy pretty much stops at knowing I should be saving, investing, planning for retirement.
Any thoughts? Thanks.