Hello,
I am a Canadian citizen working in the US right now on a TN visa. My employer provides matching funds for my 401K contribution. I plan to return to Canada next year so I was wondering what to do with my 401K after I resign.
1) Do I need to first move the money from my traditional 401K to another account after I resign from my current position?
2) Is it possible to transfer the money from my 401K to an RRSP account that I have in Canada? If so, how does that work?
3) Do I need to pay taxes in the US if I was to transfer the money from my 401K to my RRSP account?
4) Can I leave my money in the account in the US until retirement age, and then withdraw the money then? If so, do I need to pay taxes on the realized gain then or just the amount I withdraw (as income tax)?
