What pension options do US expats have?
Unlike UK expats, US expats don’t have the option to transfer their pensions overseas without the implication of a considerable tax charge. However, there are still very attractive onshore options, such as rolling over your 401k to an IRA.
Do you have a 401k with an old employer?
A 401k is a US retirement savings vehicle that allows employees to pay a portion of each paycheck directly into a long-term investment. These become dormant when you leave your previous employer with the option of leaving it where it is or rolling it over to another plan. A 401k plan often offers no investment advice and limited investment options unless you work for a company with a very high-quality plan, such as a Fortune 500 firm.