Serbinski Accounting Firms

Sorry, I just want to be absolutely clear since there may be one more level of complication. My wife is still being paid to do her PhD at the Canadian University by the Canadian government (who then give the money to the University - then to her). True still no Canadian residency is held, but.....

Got it. So then all bets can be on for the 401k stategy.

Much appreciated advice.

Thanks Nelson,

I totally see where you are going with this. This year with starting here and all it's not realistic financially to put any money away for retirement. So rather than loss even the $750 on taxes for the $2000 it seems like a nive little way to make a little more on top.

Another ...

I've seen a couple of forums dealing with cashing out 401k's and tax penalties to be paid, bad I know. But what if your company is matching your contributions. My situation is such that we are a young Canadian family living in an expensive US city (San Francisco). So all extra cash is critical at ...