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@kiia Use foreign tax credits on your US return and not the FEIE as that will allow you to contribute to an IRA. Generally speaking, your German income tax will always be higher than your US tax obligation on the same amount of income. This will also allow you to later file as head of household...

@cobes1128 They would need to earn money (and almost any they earn would be taxable) in order to do the rollover (rollovers count against the annual IRA contribution limit and are limited to $7,000/year.)

@naijaboy17 With the passage of SECURE 2.0, you can now start to transfer the money in a 529 to a Roth IRA (max $35,000 and $6,500 per year). It doesn't really help with their immediate education expenses, but they can get set up for a good retirement.

@stephendisraeli Do not contribute to a bAV unless your employer is contributing a significant amount (e.g. you pay 1€ and they match that 1€). Ideally your employer will contribute to one even if you don't. The legal minimum of 15% employer contribution is not worth it as most of the plans...

@mfinnergab That's incorrect. It doesn't matter where the income was earned (unless it's like Cuba or North Korea), you can always contribute to an IRA if you have earned income (not excluded by the FEIE).