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    reg2009's Avatar
    reg2009 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 27, 2009, 03:52 AM
    Change of citizenship and IRA's
    I am a US citizen (born in Europe) and are separated from my husband. If I decide to move back to Europe and change back my citizenship, will I loose my IRA savings her in the US? I am not 59 1/2 yet, and don't really want to take the money with me.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 27, 2009, 10:55 AM
    You can manage the IRA in the U.S. from Europe. Taxes will be due when you withdraw the money and probably will e taxed at 30% (unless reduced by tax treaty with your new country of citizenship).
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