Just got this note from Wells Fargo:
Please be advised the restriction will not be removed from your WellsTrade Traditional IRA brokerage account xxxx-xxxx, because you do not reside in the United States for at least 6 months and 1 day per year. Even though we ask that you transfer out all assets and close the account, no action will be taken until you contact us by phone.
What are the limitations on "transfer out all assets"? If I find a bank that will open an IRA for me (non-resident former resident alien, no plans to return to the USA), can the existing shares be transferred into that account, or do I have to liquidate them and repurchase them?
If no such bank can be found, can I transfer my IRA to my wife, who remains a US citizen, even though she resides overseas?
I just turned 50, so it's not really feasible to fob them off until retirement.