I was hoping to get some feedback on different strategies people have for saving for retirement while working abroad.
I am 26, fifth year teaching (2nd abroad), already signed on for at least 2 more at a different school. I opened a Roth IRA before I left to teach abroad, but with only foreign earned income now, can no longer contribute to it. I have a state sponsored pension in my old district sitting stagnant since being gone two years, that I can leave in case I return to the states, or that I can reinvest. My investing savvy pretty much stops at knowing I should be saving, investing, planning for retirement.
Any thoughts? Thanks.
Planning for retirement as an international teacher
My husband and I are looking into ways to save for retirement if we go overseas to teach in a year or so. One retirement fund that I have funds invested in is TIAA-CREF. I have retirement in it after working in a private school here in the states. It is a really well thought of organization among those of us who have taught in private schools and I have read of schools overseas helping their teachers set up accounts with them to deposit retirement into. I am continuing my search into this topic but meanwhile I am going to contact them to see what info they can give me. Hope this helps.
See this article on ISR for answers
You'll find answers to your questions in the following article found on the ISR Blog.
http://internationalschoolsreviewdiscus ... etirement/
http://internationalschoolsreviewdiscus ... etirement/