How to transfer the US-based 401k account balance to a 2a or 3a retirement planning account in Switzerland?
Posted on Sep 20, 2009 under Retirement Planning |The company I worked for in the U.S. is closing down the 401k plan. I moved back to Switzerland and would like to transfer the funds from this US-based 401k account back to a retirement planning account (so called 2a or 3a) without incurring taxes. HOW DO I DO THIS?
You cannot. That 401(k) is pretax money and sooner or later you will have to pay U.S. income tax on it.
September 1st, 2009 at 3:04 pm
You cannot. That 401(k) is pretax money and sooner or later you will have to pay U.S. income tax on it.
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