Maxing out after tax for people who will not stay in USA ?
i am Indian and may return to India eventually.
i am maxing out pre tax because microsoft matches 50% but i am not sure about the after tax to mega backdoor route. any advice ?
My personal advice, live in present. In that false hope of going back like a decade ago I had kept it hanging, I amassed immovable and movable assets back in India. When time came to buy second house, stringent tax regulations f me more harder on both side. While your scenario is kind of reverse but same taxation authorities going to whip you. Look like they came up with juicy name FATCA for that whipping first and then made up acronym out of it later đ˘. You would think you will do all stunts like Blackdoor, Roth, 401K, harvesting or deferred or whatever but when time will come... regulations will might have become more harder. I repeat, live in present.
My personal advice, live in present. In that false hope of going back like a decade ago I had kept it hanging, I amassed immovable and movable assets back in India. When time came to buy second house, stringent tax regulations f me more harder on both side. While your scenario is kind of reverse but same taxation authorities going to whip you. Look like they came up with juicy name FATCA for that whipping first and then made up acronym out of it later đ˘. You would think you will do all stunts like Blackdoor, Roth, 401K, harvesting or deferred or whatever but when time will come... regulations will might have become more harder. I repeat, live in present.
The old investing maxim
sure fire path to shopping at walmart for the rest of your life