Transfering an IRA from a foreign country
Has anyone worked with a foreigner who immigrated to the US and wanted to transfer their retirement plan assets to a US custodian? Basically is there something other than cashing out and re-investing, i.e. reciprocity agreements? What would be the procecc to move the assets. Thank you to anyone who can help.
Aggie
Permalink Submitted by Denise Appleby on Fri, 2008-04-04 23:51
It cannot be done. Assets held in a foreign retirement plan are not eligible to be rolled over or transferred to a US retirement plan, such as an [url=http://retirementdictionary.com/IRA.htm%5DIRA%5B/url%5Dor [url=http://retirementdictionary.com/Employer-sponsored-plan.htm%5Demployer sponsored plan[/url].