Moving Retirement Account Funds Offshore…

“I’m thinking of cashing out my 401K/retirement accounts and paying the taxes. I’m 60. I would then take the money out of the United States entirely. How should I see about doing that?”

–W.V., United States

Remember that you can roll over your 401K into an IRA and set up an IRA structure to invest the IRA monies outside the United States. That way you could move the assets offshore but retain the tax deferral until you actually withdraw the funds.

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