Hi all,
A question for those who work(ed) in the US and had 401K accounts - is there a particular strategy to be followed if one plans to eventually return to Canada (i.e. 401K regular vs. Roth)?
Thanks!
401K Strategy
Moderator: Mark T Serbinski CA CPA
Re: 401K Strategy
Yes. fund as much as possible, your Roth401(k) while working vs. your 401(k). Then when you stop working, but before reestablishing Cdn residency, convert as much of your 401(k) as you can, paying US-only tax on that conversion at that time, making the Roth portion non-taxable forever afterwards.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing