Reid Kopald
Articles
Seven Roth IRA Requirements You Need to Know in 2017
1. Limits for Contributions Did Not Change Individuals can contribute a maximum of USD 5,500, which did not change compared to 2016. Participants at least 50 years old can still contribute a maximum of USD 6,500 - commonly called a “catch up contribution.” Also remember that...
2017 Roth IRA Rules You Should Be Aware Of
#1 Contribution Limits Stayed the Same Standard Roth IRA contribution limits stayed the same as last year, with $5,500 being the limit any individual can contribute. In addition , plan participants ages 50 and over still have a limit of $6,500, which is commonly referred to as the...
5 Vital Tax Tips to Consider Before Retiring Abroad
When deciding to retire abroad, the factors most often considered include political stability, weather, quality of life and affordable healthcare. These are certainly important, but you also need to figure out a way to pay for this glorious next stage of your life. You’ve saved for retirement for years - don’t take your eye off the ball now that ...
If I Move My Retirement (IRA, ROTH IRA, etc.) to/from the US - What Tax Impact Will It Have?
The following article aims to answer the following questions: 1. Is there a penalty for moving retirement funds from the U.S. to abroad? 2. If so, how can these penalties be avoided? 3. Are there any cases where the penalty is waived?...
QROPS Tax Consequences For Americans Living Overseas
Putting some earnings away to save for retirement is common throughout the world. But for US citizens, as well as permanent residents, who live abroad, the world of retirement accounts and pensions is hard to navigate because of complicated Internal Revenue Service regulations. Any type of foreign account, including pensions and retirement accoun...
Obtaining Green Card for Non-Resident Spouse of US Citizen - Tax Requirements
Congratulations - you’re married! If you are a US citizen and your spouse is not, you may want to obtain a Green Card or Immigrant Visa for your new spouse. In order to do so, you must certify that you are up to date with your US tax returns and attach transcripts to show proof. Form ...