Andrea Thompson

Nobody says you shouldn't or can't, except for with a few very, very specific things that I won't get into today.

But it's just about how you interpret the act and how, if you want to call it, how aggressive your accountant is being with their filing positions or conservative.

That's very true.

Right?

And then what choices you need to make as an investor to make sure that you cause the least amount of friction with your U.S.

tax filings once you're a Canadian resident.

I think the mistake is that you think you need to do something and that people are always in a hurry to do something.

And you can leave it there as long as you want.

You're not going to get kicked out.

You can put a Canadian address on a file.

I've seen no issues of 401ks.

But the thing that people don't realize is they're eligible for Canadian pension income splitting at retirement.

So that is a really cool feature that often people aren't aware of.

And it has some great estate planning benefits as well.

So I would say from that standpoint, unless you're desperate to get your assets out of the United States, which in this day and age, honestly, a lot of people are.

There's a lot of smart planning decisions you can make around absolutely doing nothing with your 401k.

That being said, making sure you have the proper asset allocation in the account and sort of a more of a set it and forget it mentality is always best for assets in a country that you are not resident.

Yeah.

So I grew up in a household with an actuary as a father.

And he told me all sorts of stories.