Foreign retirement plan
I have a client who worked for Fox Media in the UK for a while. He amassed a good sum of money pretax in the plan. It is denominated in pounds sterling. Is there anything in the US that can receive these funds as a rollover and not trigger a taxable event? Thanks
Permalink Submitted by Alan - IRA critic on Mon, 2015-08-03 20:08
Foreign retirement plan balances cannot be rolled into an IRA account. Client needs to determine the best distribution options and timing under the plan considering his current and prospective financial situation.