Navigating IRA Contributions for U.S. Expatriates

This chapter examines the intricacies of traditional and Roth IRA contributions specifically for U.S. expatriates, addressing the challenges they face with tax deductibility and contribution limits. It highlights the importance of understanding local tax laws, Modified Adjusted Gross Income (MAGI) thresholds, and various strategies like the backdoor Roth IRA for optimizing retirement savings. Ultimately, the discussion underscores the need for careful financial planning that considers both current residency and future implications.