pk435
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 21 Jun 2005
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| 401K help |
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Hi all,
I would like to know what happens to my 401k fund, if I had to leave the country or move to another country. what are the options I have to avoid the maximum penalties. Can some one answer this?
Thanks in advance
Pk
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Tue Jun 21, 2005 7:01 pm |
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BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
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Nothing. You will still hold the account, just let the custodian know what your new address is.
You could roll over the account (assuming you're leaving this employer) into an IRA for more flexibility, but otherwise, nothing needs to be done (unless I've missed something!).
Jim Blankenship, CFP�, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Wed Jun 22, 2005 3:37 pm |
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Andrew
Admin
Cash: $ 467.10
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Joined: 02 Nov 2003
Location: Texas
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That's what I was thinking too, but wasn't sure.
Thanks, Jim.
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Wed Jun 22, 2005 10:04 pm |
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