[ Offshore Tax ] Can I open an IRA or Roth IRA while living in France? скачать в хорошем качестве

[ Offshore Tax ] Can I open an IRA or Roth IRA while living in France?

[ Offshore Tax ] Can I open an IRA or Roth IRA while living in France? Yes, a U.S. citizen living abroad can have both a traditional and/or Roth IRA. The restrictions only apply to making contributions. So, if you had an existing IRA before you moved abroad, you don’t have to get rid of it or transfer assets, but you may not be able to add to it while you’re overseas. TIMESTAMPS: 0:00 INTRO 0:10 Opening ROTH or IRA in France 1:30 Taxable income in France for US ex-pats 3:00 Using VPN for accounts 4:30 Financial advisors advice 5:50 OUTRO ------------------------------------------ OUR CHANNEL OFFERS: Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth. Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world. SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION: https://www.youtube.com/c/TaxesforInt... -------------------------------------------------- WATCH OTHER VIDEOS:    • [ Offshore Tax ] Is Earned Income tax-free...      • [ Offshore Tax ] What is the main tax adva...      • [ Offshore Tax ] Taxation of Crypto in Can...   -------------------------------------------------- Here are 4 ways we can help you: SIGN UP for free webinars on US Expat Taxes and International Entrepreneur Taxes: https://htj.tax/events/ STREAM premium educational videos: https://htj.tax/youtube/ CONTACT us for tax optimization consults over Zoom: https://www.htj.tax/contact/ High Net Worth? We can QUOTE for doing your "US-International" tax returns. FOR MORE DETAILS, CONNECT WITH US: ✉ Contact us at help@advancedamericantax.com -------------------------------------------------- FOLLOW US ON: 🌍 Check our website: https://htj.tax/ 🎙️ Listen to our podcast: https://podcast.htj.tax/ 📸 Add us on Instagram:   / htj.tax   🐦 Add us on Twitter:   / derren43   📕 Add us on Facebook:   / htj.tax   💼 Contact Derren on LinkedIn:   / derren-joseph-ea-0345332   DERREN JOSEPH: Can, I, Open, An, IRA, Or Roth, IRA While, Living In, France? Cedric?. CEDRIC BERNIER: Yeah. That's something that we do. I mean. That's the main thing that I, I tried to, to bring to my clients is bring some value and some peace of mind. Because if you already have an IRA in the US and you're custodian or the firm is maybe not allowing you to change your address, you're gonna keep it with a US address even if you don't live there. But you can, and that's something that most people don't know. You can open an account with your French address without any issues. There are not many custodians who allow it. but we work with partners, we partner with custodians that will do that. And then it's peace of mind for the client that they know that they get mail in France, everything is set up with their French address. And then if you have an IRA, but you don't have a ROTH IRA, then, then you can open a ROTH IRA while being in France. You can contribute depending on the earned income, but you can, if you qualify, you can contribute, to the account. And you can also do Roth conversions every year. So you have up to, you know, December 31st each year to decide on the amount and, then you can convert from a traditional to Roth so you can get that tax-deferred and tax-free growth, you know? DERREN JOSEPH: Hmm. So that, that, that's, that. That's good to know. You mentioned the ROTH, assuming that you assume that there is income, right? Because you need to have taxable income, right? Yeah. So, I remember seeing a debate there, there were some teachers at an international school who were arguing together with the preferred tax advisor that by they, the only reason that they don't have income is because of section 911 foreign and income exclusion. so we were not for that they would have income and therefore be able to invest in ROTH. So they were planning to pick a fight with the IRS. Do you know anyone else who has taken that position? Are any other ex-pats who have won? CEDRIC BERNIER: Right. I don't know right now. Yeah. right don know if any, but yeah, I know that's something that, you know, hopefully, will change. But I would say even if you don't contribute to the ROTH if you can contribute to the traditional IRA, then you can do the backdoor rot. You can convert over time. But yeah, I think, you know, if you, yeah, if you can, that's great. If you cannot contribute, at least you can make sure that your current IRA is in a place where your French address, you know, is not an issue. Yeah, #france #ROTH #IRA #HTJpodcast #internationaltax #taxplanning #taxes #internationalbusiness #offshore #expats #investors #offshorecitizen #nomadcapitalist #flagtheory #InternationalEntrepreneur #irs #offshorebanking #ibc