Foreign Retirement Account
I have a client who is a US Resident, but an Irish Citizen. He had a retirement account in Ireland and he’d like to roll it over into a US IRA. Is it possible?
I have a client who is a US Resident, but an Irish Citizen. He had a retirement account in Ireland and he’d like to roll it over into a US IRA. Is it possible?
Permalink Submitted by Alan Spross on Thu, 2007-08-16 02:12
No. The source plan must be a qualified trust under Sec 401(a) in order to be rolled to an IRA. This often comes up with respect to the Canadian RRSP plan.