Canadian rrsp for US immigrant
Hi David,
Will it be an advantage to leave your RRSP money if you are now an immigrant in the USA and will eventually become US citizen? I have 24,000 can. $ in RRSP and wonder whether to leave it there till my retirement age or pull it now and invest it in my US pension plan.
Please help.
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david ingram replies:
No one can answer that!
It depends upon the future performance of the releative economies, exchange rates in the future and another hundred factors.
In general, most consultants suggest that deversication by investing in world economies is a good idea.
If I were you, I would keep the Canadian RRSP.
Just remember to fill in forms 8891 and TDF 90-22.1 each year as per the two questions at the bottom of Schedule B of your 1040.
Will it be an advantage to leave your RRSP money if you are now an immigrant in the USA and will eventually become US citizen? I have 24,000 can. $ in RRSP and wonder whether to leave it there till my retirement age or pull it now and invest it in my US pension plan.
Please help.
____________________________________________________
david ingram replies:
No one can answer that!
It depends upon the future performance of the releative economies, exchange rates in the future and another hundred factors.
In general, most consultants suggest that deversication by investing in world economies is a good idea.
If I were you, I would keep the Canadian RRSP.
Just remember to fill in forms 8891 and TDF 90-22.1 each year as per the two questions at the bottom of Schedule B of your 1040.
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