I have closed my 401K plan in Australia and have a cheque to be deposited (Australian Dollars)

What (If any) are the Tax implications for me here in the US :confused:

Should I just place it in a CD, Savings account, Cheque account etc

I am permanent legal resident of the US and all my taxes are current

I would appreciate any advice you can provide

Hello I would suggest an Annunity which are paying much higher guaranteed rates and most are bouncing 5-10% on the initial deposit. And the money grows tax free. Also you are gurareented a certain amount of interest regardless of the market