A Cross-Border Finance & Tax Podcast To Filter Out The Noise

Hosted by Jane Mepham, CFP & Manasa Nadig, EA

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About

The International Money Café Podcast addresses the unique financial, tax, and life challenges faced by foreign-born individuals, foreign nationals on work visas, and U.S expats living outside the U.S.

Join us as we navigate the financial complexities, decode the challenges, and provide actionable strategies for thriving financially in a global landscape.

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Every episode gives you tips on pursuing your financial dream while staying tax-compliant, saving you hours of combing the Internet for information relevant to your situation!

Financial Planning, Tax, Cross-Border Reporting, Retirement IM Cafe Financial Planning, Tax, Cross-Border Reporting, Retirement IM Cafe

Ep 39:Unlocking the Backdoor: A Guide to Roth IRA Contributions

We discuss the intricacies of Backdoor Roth IRAs, a popular strategy for high earners to contribute to Roth IRAs despite income limits.

We explore the mechanics of the Backdoor Roth and the Mega Backdoor Roth, including eligibility, contribution limits, and tax implications.

We also cover the importance of understanding 401k options, the pro rata rule, and key considerations for executing a Backdoor Roth conversion effectively. 

We address work visa considerations when looking to complete a back-door role or a direct contribution.

We help you think through whether this is for you or not based on your work visa, your country of origin, and where you are likely to be when you finally withdraw the money.

We finally address the biggest mistakes we see when people DIY backdoor roth and the tax preparation that comes after that.

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Financial Planning, Tax, Cross-Border Reporting, Shorties, Retirement IM Cafe Financial Planning, Tax, Cross-Border Reporting, Shorties, Retirement IM Cafe

Ep 38: What Is English For "IRA's"?

There is more than one type of individual retirement account (IRA). In this episode, we focus on the different types, including Traditional, Roth, SEP, SIMPLE IRAs, and spousal IRAs.

We explore each type's tax advantages, eligibility, and implications, especially for individuals with cross-border considerations.

The conversation also covers important aspects such as distributions, rollovers, conversions, and the significance of consulting financial and tax advisors for personalized advice.

A Few Takeaways 

  • An IRA is a tax-advantaged investment tool for retirement savings.

  • Traditional IRAs allow for tax-deductible contributions under certain conditions.

  • Roth IRAs are funded with after-tax dollars, allowing for tax-free growth.

  • Cross-border implications are crucial for those on work visas.

  • Consulting both financial planners and tax advisors is essential for effective retirement planning.

  • Withdrawals from traditional IRAs are taxed as ordinary income.


Tune in for the rest of the details.

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Meet Your Hosts

Jane Mepham, CFP and
Manasa Nadig, EA

Jane Mepham, CFP®, and Manasa Nadig, EA, are leading experts revolutionizing cross-border financial and tax advice for green card holders, foreign-born U.S. citizens, foreign nationals on work visas, and U.S. expats.

Jane, the founder of Elgon Financial Advisors in Austin, TX, and Manasa, the founder of MN Tax & Business Services in Plymouth, MI, combine their extensive knowledge and personal experiences to provide invaluable insights on the podcast. 

Explore their journeys and expertise through their blogs, LinkedIn, Twitter, and Instagram pages.