No, Swiss Social Security is not a qualified plan for tax law. You would need to claim any payment received as taxable income in the year received. This money cannot be transferred into an IRA for a tax-free benefit. You can use the money to deposit into a Roth IRA but this would be a non-deductible contribution that is subject to a contribution limit as well as income limits.
Please see this IRS website for further information regarding income limits.. As an FYI, the contribution limits are as follows.
For 2023, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:
- $6,500 ($7,500 if you're age 50 or older), or
- If less, your taxable compensation for the year
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