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Author: wcfenton Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75375  
Subject: Re: A Canadian with Retirement Savings in U.S. Date: 1/12/2004 3:52 PM
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Hello IglooFool...

I am a Canadian citizen working in the United States on a TN-1 visa. I've been working for over 3 years now and have amassed money that I should start some retirement savings with. The popular options seem to be 401k and Roth IRA. I don't have plans for moving back to Canada but with layoffs and general uncertainty about the job market nowadays, that just might happen whether I plan it or not. :-(

Question: what would happen to my 401k and Roth IRA if I move back to Canada? I do have a SSN # in the United States. Is this SSN with me for life whether or not I'm resident in the U.S.?


Not easy questions to answer! The US Laws concerning Social Security and taxation are long, drawn out, and not easy to reference specific items sometimes. Most are also obviously geared to the US Citizen whether in country or abroad. Sooooo...all I can offer are a couple of sites to peruse:

http://www.socialsecurity.gov/international/Agreement_Pamphlets/canada.html

http://hrdc-drhc.gc.ca/isp/internat/countries/usa_e.shtml

http://www.irs.ustreas.gov/publications/p597/index.html

Hopefully, a fellow Canadian with a similar situation as yours will see your post and have some definitive answers for you.

I wish you good luck and that your personal, as well as professional, experiences in this country are good ones.

Regards,
Bill
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