Search found 2 matches

by jk561w
Thu Jan 02, 2025 12:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian TN planning to withdrawing 100k in IRA best strategy
Replies: 5
Views: 3969

Re: Canadian TN planning to withdrawing 100k in IRA best strategy

nelsona wrote: > But, yes, if you quit your job, and take out an amount from your IRA that > keeps your total income under the threshold BEFORE leaving for Canada, and > you make no other money for that year in Canada (because you would still > have to file a full year 1040 to get the joint tax rate...
by jk561w
Tue Dec 31, 2024 10:29 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian TN planning to withdrawing 100k in IRA best strategy
Replies: 5
Views: 3969

Canadian TN planning to withdrawing 100k in IRA best strategy

Hi there, i've searched through the 129 results for "ira withdraw" on this fourm and didn't quite find what i'm looking for so here's my situation: I'm 35yr old Canadian citizen working under TN for the past 10 years in the US has over $130k in IRA and another $30k in 401k with current emp...