The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Investing IRAs Abroad||Date: 8/30/2003 8:53 PM|
|Author: curanderotk||Number: 37064 of 75642|
I asked the question on the "retired fools" discussion board...but, I would like to ask it here.
If an American citizen lives full-time abroad, such as in Mexico or Canada, can he/she transfer thier IRA monies abroad, to a safe tax-
haven, such as the Netherlands, Switzerland, Austria or the Bahamas...?
Thus, letting the IRA conpound and grow abroad, and following the same legal IRA distribution rules...but, since the individual lives abroad, and the monies are subject to the tax laws on foreign investors of the
country in which the money is invested...taxes may then be avoided.I
am not looking for illegal means...but, legal investing routes that ex-pats may use to invest and avoid paying taxes...which are not benefiting them...
I have not read of IRAs being invested abroad, other then thru mutual funds,such as global,international,emerging-markets,or European funds...and these are subject to taxation, since they are American-
based investing tools...as they should be...
If anyone can answer my questions I would appreciate thier input...
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|