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3 Comments

1

[...] Pausing from training on a recent day, recruit Jennifer Martinez of Greenville, Texas, says she followed her father and grandfather into the military, although they both served in the Air Force. The 18-year-old said she thinks she could serve in a combat zone. [...]

2

Dear Liz,
I am a contractor overseas who uses the foreign income exclusion. Now we are being told that since we have no “earned Income” we cannot contribute to a Roth IRA.
Does this sound correct?
v/r
Ken Zernicke

3

That’s correct, Ken. The income that qualifies for the foreign income exclusion can’t qualify as “earned income” for the purposes of contributing to a Roth.