jerryb78

guys, i need some financial advice for some expat who know their stuff about moving money to thailand or having access to your money if you ever need it while you are living in thailand.

I'm gonna relocate back to Thailand this coming summer of 2011 and need advice. ( i am  not at retirement age, I just turn 33 today!)

at present, i work in san francisco, california doing engineer work in hospital, so my retirement is a 403B account (similer to 401K account). i have about $40K in ths account.  i want to take my money with me.

with this type of account, i could not cash out unless i'm discharge from my employment. if i do cash out when i quite my job, i will have to pay approx 40% in penealty and tax.....and later it will be reported as income for the next year income tax season and i'll get tax on it again. so basically, i'll get double tax. outch!!!!!

i am told that i can roll this 403B over into IRA account once i am discharge from my job.

so her is my questions.

1.) once i roll it over, do i pay any tax? ( god i hope not)

2.) what type of  account is better? Roth IRA or IRA.

3.) now, i want access to these money when i'm in thailand. (for what ever reason it may be. )   how do i have this money over sea or have access remotely?
i still need a buffer in case i need that extra cash. I was told to look into ING or Charles Schwabb and maybe Bank of America. any advice on this one?

i am not at retirement age and would like to save all i can, if i cash out i will loose like $16000 USD!!!! and i have to pay another tax when income tax season comes around. bloody murder!!!

I dont know if this extra info is going to  make any different. but here is a bit about my self that may give me a few opinion than most farang.

I am a US citizen and  was born and raised in Thailand (pattaya beach) and i have dual citizenship; US and Thai. I am an engineer and want to move back to thailand to get my foot in offshore job.( i am sick of USA!!!!!)
i do want to avoid paying any tax to any goverment of any country, both thai and US government. (if you guys know the trick, let me know. ) if i have to fly to Singapor to pick up my cash, i'll do it. Avoid Tax like the Plague! Oh, I'm single and no wife/ children, but planning to have some soon. not getting any younger.

that is all about i can tell u now, if any more questions, let me know

thx in advance and will monitor this posting.

jerry