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Is it possible to have an IRA while living abroad?

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I am a US citizen residing in Germany. I am wondering if it is possible to open an IRA and contribute to it while I am living abroad.

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  1. Yes.  You won't get any tax benefits in Germany, though.


  2. yes. however you must pay US taxes on your foreign income subject to IRA limitations.

    I would prefer a roth ira.
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