Texas couple want to use 401k and Employer Retirement

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Just moved up from Texas to Maple Ridge with my wife.  I've got $11k US in 401ks
and she has $39k US in an employee retirement account that will allow her to
roll it over into a different retirement plan without penalty.  We have 1
income now and want to but a house   or townhome in the $250-$300k range and
need help getting into position to do that.  The financial advisor @ TD was
of little help, not knowing anything about the tax ramifications and not
offering any solutions to help us meet out goals other than getting a TD
Visa to start having a credit record.
david ingram replies:
Although Canada will allow the 401(K) and IRA accounts to be rolled over to a Canadian RRSP, the US institutions usually refuse to do so.
To get it into a Canadian Institution, you could roll the US accounts into the US side of TD Waterhouse.
You can certainly try.  Otherwise, you can remove up to $10,000 from your 401(K) and she can remove up to $10,000 to buy a house.  You will still owe US and Canadian  tax on the amounts but you will not owe the US 10% penalty for early withdrawal.
If the institutions will allow you to roll the plans over, you can then take out up to $20,000 each with out paying tax to either country to buy a house in Canada if you have not owned a home anywhere in the last five years.  If either of you owned a home in Arizona, you cannot withdraw tax free from the RRSP either.
You should likely buy a $350.00 hour of my time and lay your stuff on the table.
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