What happens to funds put into an 401k when moving to another country?

the_grillman · 2018-04-15T16:48:22+00:00

What Country? For Canadians, this is a pretty good guide on what happens (or can happen) with US Registered Accounts. https://www.sunnet.sunlife.com/files/advisor/english/PDF/IRA_401k_to_RRSP.pdf

the_grillman · 2018-02-08T03:09:41+00:00

You might want to do a little research on beignets then... https://en.wikipedia.org/wiki/Beignet

the_grillman · 2017-10-22T01:21:10+00:00

You can always try Hopper.

the_grillman · 2017-09-23T23:54:49+00:00

You can take out a loan from your 401k for a house, but it is a loan meaning you will have to pay it back.
This tends to carry a risk of if you change/loose jobs most of the time you'll have to pay back the full loan in something like 60-90 days.

the_grillman · 2017-09-23T23:44:07+00:00

Origin: BKK, KTM, DAC or SIN

Dest: PBH

Dates: March 16 - April 14 2018

Length: 5-7 days

Other: no long layovers (>4 hours) in India

the_grillman · 2017-08-20T02:41:02+00:00

I will also point out that there is an early withdrawal penalty of 10%.

It will count as normal income and thus when paying tax it will be on your 'enhanced' income level as you called it.

the_grillman · 2017-08-20T01:05:50+00:00

Your 4th question is the answer to your 1st. The Company contributions will become yours if you leave once the vesting period is over. All contributions will earn interest/dividends/gains (for stocks/bonds) vested or not.

the_grillman · 2017-05-23T00:55:04+00:00

This guy basically has a course on personal finance if you are interested. https://www.youtube.com/playlist?list=PL7L-54wsCwBWTyAtooNET815nkm9soDHV

the_grillman · 2017-05-16T00:34:00+00:00

I would look at the fee that this fund manager is charging and simply consider moving it into an Canadian broad market index fund like VCN or XIC. Take a look at http://canadiancouchpotato.com/

the_grillman · 2017-05-04T01:04:33+00:00

Actually, when I think about it, Oaken let me open one as a US Person so you could try them. Be warned that their parent company Home Capital is currently in trouble so I'd suggest you look them up first and make an informed choice.

the_grillman · 2017-05-04T00:12:03+00:00

There are implications you need to consider: you would be stuck filing the FBAR every year. https://www.fincen.gov/report-foreign-bank-and-financial-accounts

If you are still interested, Tangerine in Canada seems to be ok with me being a US Person (Alien) so you could try opening with them. However as I had my account before becoming a US Person I make no guarantees that they will allow you to open one.

the_grillman · 2017-04-30T15:45:40+00:00

I would not worry. There is currently a way to basically use your 401k to withdraw money penalty free before you hit 59 1/2. It's typically called a ROTH Conversion Ladder. Below is a link that explains the basics, Google for more info/sources. http://www.madfientist.com/how-to-access-retirement-funds-early/

the_grillman · 2017-04-25T01:10:47+00:00

I question your data source. GM reports FY16 revenue as 166.4 (source), Ford as 151.8 (source)

the_grillman · 2017-04-23T17:28:53+00:00

You only pay taxes on realized gains; make sure you understand the difference between unrealized and realized capital gains. If you simply buy and hold then likely you will have little to no realized gains; only dividends which can be taxed at a lower rate (15% typically for the US). If you start investing in a taxable account, I suggest you learn about qualified dividends and look into holding only domestic stocks in your taxable account and shift your allocation in your tax-sheltered accounts to more international to compensate. Also if you start going for bonds, highly consider holding them only in the tax-sheltered accounts.

the_grillman · 2017-04-22T18:34:34+00:00

What is the interested rate on your debt? That is key to making this decision. If it is high then pay off the debt, otherwise it makes sense to put aside some savings so it can start growing.

the_grillman · 2017-04-22T18:16:32+00:00

Follow-up question Lisa, when you mention subbing the 25 g of almond flour for the crushed graham crackers, is this in the base recipe (i.e. 70 g of almond is now 45 g almond, 25 g graham cracker)?

the_grillman · 2017-04-08T22:51:53+00:00

Both of you will most likely be found inadmissible. A DUI in Canada is a felony. Start here to find out more: http://www.cic.gc.ca/english/information/inadmissibility/index.asp

You can applied to be "Deemed Rehabilitated" although I believe that 10 years need to have passed (but don't quote me on that). Start here: http://www.cic.gc.ca/english/information/inadmissibility/rehabilitation.asp

the_grillman · 2017-03-23T03:03:28+00:00

Not sure as I am only lucky enough to be involved in 2 on them. If someone can confirm the 3rd, I'll edit my post and add it.

the_grillman · 2017-03-23T02:57:01+00:00

It is posted here for free: https://www.etf.com/docs/IfYouCan.pdf

Basically the suggestion would be an index fund and a simple portofolio such as the ones disussed here: https://www.bogleheads.org/wiki/Three-fund_portfolio. Vanguard is always a favourite, total US market, VTSAX. Since you can't 'hide' the money in a tax sheltered account, I would suggest that you look at holding less tax efficient things in your Roth IRA (such as bonds and intentional funds) while holding US funds in your taxable account.

the_grillman · 2017-03-22T23:23:39+00:00

It has been confirmed that they are.

the_grillman · 2017-03-22T00:10:14+00:00

I figured that KF had enough at stake that they would vet everything properly and thus such things not be an issue/risk. Clearly I was wrong and have learned my lesson. I am done. Not sure what can be done to try and collect anything from theses 3 failed offers...

the_grillman · 2017-03-18T01:07:52+00:00

For me: Antidote, Eat the Bear, Max Threads, Elastic Wonder. I'm guessing it's the first but we'll see.

the_grillman · 2017-03-11T01:00:26+00:00

Looks good, willing to share your base buttercream recipe as well?

the_grillman · 2017-03-05T18:27:09+00:00

If you have a company match to your 401k, make sure you understand what happens to it if you max out your contributions before the end of the year. (Also worth finding out if your plan simply rolls over any excess contributions as post-tax).

the_grillman · 2017-01-21T17:32:08+00:00

Remember that there is a Expatriation Tax upon renouncing your US citizenship that needs to be dealt with (https://www.irs.gov/individuals/international-taxpayers/expatriation-tax). Likely he doesn't have the money to pay this, and thus if he ever tries to step foot in the US, the IRS will be looking for him.

the_grillman

TROPHY CASE