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Financial Planning / Foolish 401(k)s

URL:  https://boards.fool.com/even-for-foreign-nationals-the-401k-is-a-sweet-16306996.aspx

Subject:  Re: If I leave the country for good? Date:  12/18/2001  4:46 PM
Author:  Mailman9 Number:  13954 of 26295

Even for foreign nationals, the 401k is a sweet deal.<<<<<<<<<<<

That is true for US taxes - it might also be true for your home country too but you cannot be certain. The earlier response says you need to check with people there familiar with the tax issue there. Many jurisdictions have very different tax schemes for retirement plans and you might be surprised at what they may do (you may be subject to tax on them right now even if they are tax deferred in the US for instance). Of course, many other jurisdictions have a different view point about voluntary compliance with the administration of taxes so who knows what you'll ultimately be liable for.

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