Client is US citizen and lived in US until September. In September, he moved to New Zealand. While in the US he had self-employment income as a sole proprietor. He does not plan to have self-employment income during the two years while outside the US. I know that 401ks have permanency requirements but was curious if SEP IRAs do as well. Can he setup the SEP IRA contribute on his self-employment earnings and then immediately thereafter roll the SEP to a traditional IRA then convert to a ROTH as he does not plan to have self-employment earnings for at least the next couple of years?

Also, I am being told he needs to maintain a US address to make IRA contributions. Is that correct? What does maintain a US address mean? Can he just designate a relative’s address as the US address for IRS and other purposes?