Hey guys, I need advice from all the accountants on the board. I work overseas for a French company; working on rotation of 6 weeks on, 3 weeks off. During my off time, I come back home to Houston. My contract is based out of Switzerland and the company offers a pension fund based out of Luxembourg. It seems that my contributions as well as my employer's contribution (8% match) are both counted as taxable income. Once a year, the company offers a one-time supplementary match of $2600 as well into this pension fund, which really puts a dent in my net pay for that month. Basically, I am paying taxes on money I will not see in 30+ years and then paying taxes again when I retire. My question is: would you advise me to continue contributing to this pension or instead; put this money in an IRA and forget about the money coming from the employer match? Thanks for your help!
