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Can E2 visa holder have an IRA?

Can E2 visa holder have an IRA?

Old May 23rd 2008, 6:15 am
  #1  
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Default Can E2 visa holder have an IRA?

Hello
I've just had a very long meeting with my CPA and she mentioned that one way of "avoiding" paying income tax on my discretionary income from my LLC is to sweep it into an IRA.

Does anyone know if an E2 visa holder can set up an IRA and what any negative implications might be?

Thanks
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Old May 23rd 2008, 10:00 am
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Default Re: Can E2 visa holder have an IRA?

Surely those would be good questions for your accountant...?

I suck at financial stuff, but my very basic understanding is that you can have one, but when you leave and go to remove the money, you're taxed at a pretty high rate on it then.
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Old May 23rd 2008, 8:11 pm
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Default Re: Can E2 visa holder have an IRA?

Pop into your local Edward Jones office - locate an office at www.edwardjones.com
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