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    carburized's Avatar
    carburized Posts: 1, Reputation: 1
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    #1

    Jan 2, 2007, 04:50 PM
    Access 401 K from outside usa
    I am a us citizen and planning to move to India in next 6-8 months. Can I withdraw my 401K which I have it in US when I am in India. Would there be any tax liabilities? Appreciate answers.
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #2

    Jan 2, 2007, 08:40 PM
    Quote Originally Posted by carburized
    I am a us citizen and planning to move to India in next 6-8 months. Can I withdraw my 401K which I have it in US when I am in India. Would there be any tax liabilities? Appreciate answers.
    I think you can withdraw it anywhere in the world you are at the time, you didn't mention your age ? There are substantial penalities imposed by the IRS for premature withdrawals prior to age 59 1/2, read IRS publications for the specifics. I have no idea if India would taxes your distribution.
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