IRA Accounts for People leaving the USA and moving to Portugal – Investment & Trading for expats – Expats Portugal Community Forum
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IRA Accounts for People leaving the USA and moving to Portugal

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Posts: 18
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Topic starter
(@andrewcza)
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Joined: 1 year ago

Which Companies offer IRA Accounts for Retirees who plan to move from the USA to countries like Portugal?

The Company I was looking at told me they have a residency requirement and that if I left the USA for more than 6 months of the year they would close the account. 

11 Replies
Posts: 24
(@jeffjackson)
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Joined: 10 months ago

I’ve been researching this topic too, and all signs point to Charles Schwab. 

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Posts: 18
Premium Member
Topic starter
(@andrewcza)
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Joined: 1 year ago

I have also been told that Td Ameritrade and Fidelity may also be options but I am waiting for verification.

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(@jeffjackson)
Joined: 10 months ago

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Posts: 24

@andrewcza I’m curious to learn what you find out.

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Posts: 18
Premium Member
Topic starter
(@andrewcza)
Active Member
Joined: 1 year ago

I went to TD Ameritrade today and asked them and they told me that Portugal was on their restricted list and If I had an IRA with them and I moved to Portugal they would have too close the Account. So I will have to continue researching this.

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Posts: 18
Premium Member
Topic starter
(@andrewcza)
Active Member
Joined: 1 year ago

Jeff I called Principal 1-800-247-8000 and spoke to Nick on Extension 1226. He told me that if I open a Rollover IRA with them and transferred the funds over I could move to Portugal and keep the Account and change my address to Portugal once I move. The key was it has to be done before moving to Portugal. I suggest you call them too and see if they can help you.

 

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(@jeffjackson)
Joined: 10 months ago

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Posts: 24

@andrewcza Thank you! This is the first time I’ve heard Principal mentioned. Certainly worth a conversation.

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