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Try putting money in a retirement fund in the country you live in. The bizarre requirements the IRS puts on reporting will see your compliance costs exceed the
by Area12 11y ago
Try putting money in a retirement fund in the country you live in. The bizarre requirements the IRS puts on reporting will see your compliance costs exceed the yearly growth of the fund. Sorry, but if your foreign investments include a retirement fund or a family trust, you may well be shafted.
- seanmcdirmid 11y agoDo you know how it works for mandatory retirement accounts enforced by your host country? China started including foreigners in their SS system, and I have no idea how that money works...I've just been ignoring the contributions (treating them as straight income taxed in full) for now.