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Retirement tax questions
Thanks for the quick reply. It's "sereignasparnadur" in Icelandic, which means personal retirement savings. In Iceland, it's taxable like any income when you withdraw it after age 60. Since I'm a US tax resident, I didn't pay any taxes there. I assume it will then be taxed like a 401k in the US, which is around 25%. Is that correct?
‎October 30, 2024
5:53 PM