Transfer 401k to RRSP - Advice from a Financial Advisor 

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One of our cross-border clients' most significant concerns is that the IRS may change the rules, and they'll lose access to their US accounts.
When you hold retirement accounts like a 401(k) or 403(b) in the US but live in Canada, you may start wondering if transferring those accounts to Canada would be safer.
In this next cross-border financial planning video, we'll discuss the options you have when transferring a 401(k) to Canada.
Transferring a 401(k) to an RRSP has many pitfalls you need to be aware of. This video will provide a brief overview of what to watch out for and consider. Doing this incorrectly could result in double taxation, so it's an important topic.
Before you decide to make a move, reach out to a qualified cross-border accountant in addition to a cross-border financial advisor to get a better understanding of your particular situation.
As always, if you have any questions about how to create a cross-border financial plan that keeps you onside with the IRS, please do schedule a call.
Book an Introductory Call: bit.ly/3vcw5Zd
Table of Contents:
00:00 Intro
00:27 Two Main Things to Consider
00:50 How to Move a 401(k) to an RRSP
01:00 Rollover Option
01:20 First Steps
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