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How can I transfer an IRA account to Europe? |
I have an IRA account in the U.S. I have since moved to Italy. My investment house in the U.S. will not transfer my account to Italy due to international laws and I cannot take a full cash disbursement because the U.S. taxes will be very high. Are there any companies in Europe that will accept an American IRA and be it's custodian for me? You should be able to find a contact in Italy that can maintain the US IRA for you; maybe try one of the larger US brokers or fund managers (Merrill, Fidelity, Citi?) who have an office near you and who will be the custodian and/or manager for you. You don't need to physically transfer the IRA account to Italy (which may constitute a 'withdrawl') but rather you need to find a custodian with an Italian contact person -- doesn't really matter where the securities are kept does it? |
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