Video: Canadian Account Withdrawals For U.S. Residents

Jim and Sherry came to us with a common issue. They had moved down to the States from Ontario twenty years ago and left three RRSPs and a large LIRA behind.  This money has been sitting up in Canada and has hardly been touched for the past twenty years. Now, they are approaching retirement and need to figure out the best way to turn these accounts into retirement income.  If this sounds like your situation, this video is for you.  

In this video, we discuss the following: 
– Taxation of RRSP and LIRA Withdrawals for U.S. residents
– RRSP account options
– LIRA account options
– RRSP and LIRA withdrawal and tax strategies

Need More Help?

Are you interested in working with a financial planner that specializes in your cross-border financial planning situation? Schedule a complimentary meeting below, and let’s simplify your cross-border financial plan.

Leave a Reply

%d bloggers like this: