dmb Posted March 6, 2001 Posted March 6, 2001 A participant in a 401(k) plan heard that he can roll money from his plan here in the USA to his plan in Israel. He is currently living and employed here in the USA, but previously was employed in Israel and still has money in the plan. Is this a tax-free rollover??
KIP KRAUS Posted March 6, 2001 Posted March 6, 2001 Just my guess, but I don’t know how a foreign pension plan not established under our tax code can qualify as a rollover vehicle. How does the IRS know when this money is eventually distributed and how do they control the payment of US taxes on an eventual distribution?
dmb Posted March 6, 2001 Author Posted March 6, 2001 That's what I thought, but I wanted to get a couple of opinions.
david rigby Posted March 6, 2001 Posted March 6, 2001 Here is some prior discussion. http://benefitslink.com/boards/index.php?showtopic=7127 http://benefitslink.com/boards/index.php?showtopic=6744 http://benefitslink.com/boards/index.php?showtopic=4462 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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