Chapter 21: How #Americansabroad can continue to use the #IRA as a retirement planning vehicle

First, you should NOT be using the Sec. 911 FEIE (Foreign Earned Income Exclusion) if you want to invest in an IRA:

Great post from @1040Abroad explaining (among other things) why #Americansabroad who want to invest in #IRAs shojld NOT use the the Sec. 911 FEIE (Foreign Earned Income Exclusion): "5 things to know about IRAs for U.S. expats" https://t.co/eJVPT88q4L pic.twitter.com/JZaqzOxxhE

— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) January 17, 2019

Second, okay assuming that you are able to invest in an IRA:

Six mistakes expats make with IRAs – and how to avoid them https://t.co/gXFsNo5f9r via @WSJ – great argument for renouncing US citizenship

— Citizenship Lawyer (@ExpatriationLaw) August 23, 2016

The post is referenced in he above tweet was written by Chad and Peggy Creveling and appeared in the Wall Street Journal on August 23, 2016. It is well written and very interesting. You will find some of their blog posts here. The post will NOT be of interest to “accidental Americans’ and other “long term” Americans abroad. The reason is simple. The rules are so complicated that only short term – “Homelanders Abroad” would undetake the compliance burden.

Nevertheless, I recommend the article to you. It will reinforce the impossibility of navigating U.S. tax rules if you live outside the United States.

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