I'm considering whether to invest in a regular IRA or a Roth IRA (or anything at all). My wife is from India and we plan to move there in 5-10 years. We'll probably retire in India or in some third country. My question is this: if I am living in India and I still have income after I'm 59.5, do I have to pay federal income taxes on income that I receive there? What about if the income is in my wife's name (and she's not a U.S. citizen)? I'm thinking that the standard IRA is probably better if I won't be hit by U.S. taxes on income that I have in India. Then my only income will be the IRA withdrawals. Otherwise the Roth IRA maybe looks a little better.
- posted
17 years ago
>
>
>
>
>
>
>