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Author: sukotto2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: IRA, 401k, and residency, oh my! Date: 3/5/2001 3:58 PM
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Thanks for the quick reply TMFPixy

I have a couple of followup questions, if you don't mind.

You cannot contribute to an IRA for tax-year 2000 unless you had wages reported in Box 1 of your W-2 for that year and you file a US tax return based on those wages

What about a 401k plan?

Can I get an IRA or 401k retoactively from 1995 when I worked here (and filed a tax return)? It's prpbably too late (since I'd have to get my IRS stuff mailed to me from Canada) but I'm still interested in knowing... Heck, if I get some kind of credit, I can use it for tax-year 2001.

[sukotto2 wrote] If/when I stop working in the states and move home to Canada, what happens to my IRA or 401k (in the case that I do so before I retire)? Can I keep it/them even though I'm no longer a resident?

[TMFPixy wrote] That varies with the provider. Many will want a US mailing address for that purpose

No prob with the address issue. But are there any legal or tax repercussions to having a IRA or 401k plan when you're not working (or even living) in the States?

Fair winds

Sukotto
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