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Old 15.06.2012, 14:32
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2ieme Pillar withdrawal

I moved from Switzerland 11 years ago, and have just been advised by BCGe that I must withdraw my 2ieme pillar (I am a US citizen). My french, after all these years, is less than fluent, and I've received wildly conflicting information on what needs to be done with the withdrawal and eventual deposit in the US.

Will the balance be subject to a tax in CH? If so, what % and how do I handle this? When setting up an account in the US, are these considered pension $ or after tax $? Should I be moving funds into an IRA or a straight investment account? How do I report this to the IRS? What should I expect in terms of tax in the US? By moving them before age 60 (I'm 50) am I being penalized and is there anything, contrary to what BCGe say, that I can do about this? etc.

Would appreciate anyone with experience in the this area offering opinion, and eventually contacts for professional who could advise. I am completely frazzled.
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2 pillar, 2ieme pillar, lpp, pension, second pillar




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