[Candor7]

Thats why people have been cashing in their 401 (k)s and IRA’s, taking the penalties and moving their money off shore. Then if the government wants your money, they will have to sue in a foreign jurisdiction to get it.Most foreign nations would not enforce a US confiscation law like this one would be.

[Melinda in TN]

How do you do that, and where would you move it?

[An.American.Expatriate]

Most foreign nations would not enforce a US confiscation law like this one would be.

Well, that is not entirely correct - especially since one of the last big holdouts (Switzerland) has essentially revoked it's famous Bank Secrecy Laws for all US Citizens.

[logos]

I would like to know how one does that myself.

[alexander_busek]

Most foreign nations would not enforce a US confiscation law like this one would be.

Oh, yes they would! Most foreign nations (or least most investment-grade foreign nations, e.g., OECD members) will namely be in the same predicament as the U.S., or they will otherwise be under the thumb of OECD nations, and will gladly co-operate, since they'll be expecting the U.S. to do the same in return (i.e., help them enforce their own confiscatory laws).

Regards,