I'm moving to Canada and trying to decide between three options on what to do. I'm not 59.5 yet ๐
Option 1: Rollover the money to Traditional IRA and leave it there.
Question: My account is with Fidelity. Are they also licensed in Canada so that this option is possible? If not, where can I open a Traditional IRA account so that this option would be possible.
Option 2: Rollover to Roth IRA before moving to Canada.
Question: I'm in California. Since I'm moving to Canada permanently, is there a way to get out of paying state taxes?
Option 3: Move this to RRSP.
Question: What are the benefits of this over option 1 or 2? Another thing I'm not clear is would this option (or even option 2 for that matter) incur 10% penalty?
Any other better option that I don't know of?
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
I would rollover and keep it in US