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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: cbr shadow on August 01, 2014, 02:02:28 PM

Title: Overseas for 2 yrs.. Where to put extra money?
Post by: cbr shadow on August 01, 2014, 02:02:28 PM
My wife and I are both 30 yrs old and are moving to Melbourne for 2 years.  For the last few years we've been really good about saving 65% of our income (401k's max, Roth IRA's max, taxable with the rest) With our incomes in Melbourne we should still have a good amount of extra cash every month.  What should we do with it?

It stinks we'll miss out on the 401k and Roth IRA contributions for 2 years ($92k, yikes!) but are there other options?  Should we just hang on to the cash in a savings account for those two years and then lump sum deposit into taxable when we get back?

Any way we can still contribute to our Vanguard Roth IRA's while in Melbourne?

Thanks,
CBR
Title: Re: Overseas for 2 yrs.. Where to put extra money?
Post by: usmarine1975 on August 01, 2014, 02:29:06 PM
http://www.401klookup.com/ira-articles/can-you-contribute-to-ira-while-working-in-a-foreign-country/