Why “Lower Taxes Today” Can Become a Bigger Problem Later
About this episode
This episode discusses why expats in America should consider a Roth 401(k) over a traditional 401(k) due to potential future tax implications.
Most people automatically choose the traditional 401(k) when they start working in America. For expats and foreign nationals, that may be a very expensive mistake. In this episode of Abroad in America, we break down why many expats working in the U.S. should strongly consider using a Roth 401(k) instead of a traditional tax-deferred retirement account. While traditional 401(k)s offer an upfront tax deduction, that short-term tax savings can create major tax problems later, especially for peop...
More episodes of Abroad in America
- The Hidden Costs of Living in America as an Expat
- Why Your Tax Refund Could Be Costing You More as an Expat in America
- 5 Costly Tax Mistakes Expats Make in Their First 2 Years in the U.S.
- FATCA Explained: Form 8938 and Foreign Account Reporting for Expats
- What Totalization Agreements Do
- Why Are Americans Like That?
Explore listener stats, chart rankings, contacts and more on the Abroad in America podcast page.