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401k Canada - What are your OPTIONS when moving from US to Canada? If you're moving to Canada from the US, then you probably have 401k or 403b. You're also probably wondering what you can do with that 401k when you're in Canada. While it's common for people to move to Canada without even thinking about their investments, it's better to take action in advance. Doing this will make your financial transition much easier.
The goal with any cross-border financial transition and move is to stay out of trouble with the IRS while also ensuring you don't overpay your taxes. At the same time you want your investments to be held in the right vehicle and you want your investments to continue their long-term steady growth.
In this video, you'll learn more about what your 401k Canada options are and how you can ensure you're onside with the IRS and maintaining control over your investments.
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401k Canada - Your OPTIONS when moving a 401k from the US to Canada | Cross-Border Financial Planning - • 401k Canada - Moving ...
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401k Canada Video Breakdown:
00:00 Intro
00:29 Option 1 - Keep your 401(k) in the United States
00:46 Option 2 - You choose to close out your 401(k)
00:56 Option 3 - Transfer your 401(k) to an RRSP
01:47 Option 4 - Rollover your 401(k) to an IRA
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Want to get clear on how to manage your 401k in Canada?
Read our guide: www.swanwealth...
Retiring from the US to Canada?
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Learn everything you need to know about RRSPs here:
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Planning a cross-border move from the US to Canada (or vice versa)?
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#401k #investing
KEY TOPICS IN THIS VIDEO:
retirement, 401k, retirement planning, 401(k), personal finance, investing, 401k investing, ira, financial planning, IRS, retirement, ira, investing, American in Canada, expat, individual retirement account, personal finance, 401k when leaving us, retirement savings, 401k for expats, CFP, retirement planning, cross-border financial planning, cross-border financial planning,financial advisor, CFP, wealth management,retirement planning, moving from USA to Canada, cross-border investing, moving to Canada from us, moving to canada
15 авг 2024
