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American Expat: Opt to pay 5,500 of tax to qualify for IRA?

Bogleheads • View forum - Investing - Help with Personal Investments - www.bogleheads.org
I was wondering whether it was worth it to pay 5,500 of taxes at the US 25% bracket (which would be about 900 USD) and exclude the rest so i can contribute to a ROTH IRA. I don't need to pay California taxes as I've been a non-resident for 6 years.

Currently living in Hong Kong and may stay here long-term, so looking for the best ways to save for retirement. Hong Kong has very low tax and I can actually exclude all my American taxes but I was thinking that if I just paid 5,500, I would be able to avoid the capital gains, and dividend taxes on my investments in the future, which may outweigh 900/year.

What do you think, is this worth doing? I will also be able to deduct the taxes I pay to America in Hong Kong, which will actually make the burden a bit less than 900/year. Looking to invest for at least 30 years.

Any advice would be greatly appreciated!

Thanks,

Kevin
Date: Jun 19, 2017   


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