My previous employer offered me a 401(k). At the time, I worked with a F1 VISA OPT.
And now I move to a new employer who does not offer any IRA and my VISA has changed to J1. My previous employer now is moving my investigation out of my 401(k) account. The options I am facing are either rollover to a Roth IRA or cash out. I am clear that there is a 10% penalty for cashing out the traditional IRA for people younger than 59 years old and commitment to tax (federal and state).What I am concerned is how my choices will differ my 2017 taxing report? And also, I know that few bank would allow a non-citizen to set up a Roth IRA account.
Many thanks!!
