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Mary G.

Assets for the I-864

By Mary G. in IR-1 / CR-1 Spouse Visa Process & Procedures

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Mary G. Explorer

Mary G.   0

Posted
Filed: IR-1/CR-1 Visa (DCF) Country: Germany
 Timeline
Posted

I know for the I-864 that only money that is accessible within a year may be counted as assets. I have a Roth IRA, but I'm not sure whether I can count it or not. I'm 29, so if I withdrew money from the account at this point, it'd be taxed heavily. Anyone know the answer to this question? I'm sure the answer's already here somewhere, but I have been unable to find it in the searches I've done.

Thanks,

Mary

December 11, 2006: I-130 Petition signed for in Frankfurt.

December 21, 2006: Credit Card charged $190.

February 6, 2007: Heard back from Frankfurt. They want proof that our relationship is bonafide.

February 8, 2007: Sent proof (old emails, joint bank account statements, story of how we met)

February 24, 2007: I-130 Approved. Received Packet 3 in the mail.

February 26, 2007: Faxed OF-169 (checklist) to Immigrant Visa Unit in Frankfurt; Mailed back DS-230 Part I

March 2, 2007: Received Packet 4 (Interview Appointment Scheduled)

April 2, 2007: Interview in Frankfurt; Visa Approved!

April 5, 2007: Visa received.

June 27, 2007: POE Boston.

July 23, 2007: Went to local social security office and applied for number in person (although D had checked off the box to receive one on the DS-230).

July 30, 2007: Daniel received his social security number and greencard in the mail.

March 31, 2009: Mailed I-751 to Vermont USCIS

April 2, 2009: I-751 application received (saw this with USPS tracking)

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Looking4Wife Enthusiast

Looking4Wife   0

Posted
Filed: IR-1/CR-1 Visa Country: Colombia
 Timeline
Posted
I know for the I-864 that only money that is accessible within a year may be counted as assets. I have a Roth IRA, but I'm not sure whether I can count it or not. I'm 29, so if I withdrew money from the account at this point, it'd be taxed heavily. Anyone know the answer to this question? I'm sure the answer's already here somewhere, but I have been unable to find it in the searches I've done.

Thanks,

Mary

The short answer is "Yes".

Worst case scenario: simply subtract the amount you would be taxed based on your tax bracket (consult your tax advisor), and subtract the amount of the early withdrawal penalty (consult your IRA trustee). This leaves you with the amount that is readily accessible.

USCIS (CR-1)

06/30/2006 Mailed I-130 USPS Overnight Mail to Nebraska (NSC)

07/03/2006 Express Mail signed for at NSC

07/08/2006 Found out on VJ that my case is transferred to California (CSC)

07/21/2006 NOA1

11/02/2006 NOA2

NVC

11/13/2006 NVC Case # Assigned

11/20/2006 DS-3032 and AOS Fee Bill generated

11/21/2006 Emailed Choice of Agent (from wife/non-USC) in lieu of DS-3032

11/21/2006 Sent AOS Fee Bill Payment via USPS Overnight Mail

11/30/2006 NVC Processed AOS Fee Bill Payment (still no record of receiving Choice of Agent Email)

12/04/2006 Sent DS-3032 Choice of Agent USPS Overnight

12/11/2006 Received I-864 Affidavit of Support (AOS) in mail

12/11/2006 Sent I-864 AOS to NVC via USPS Overnight

12/11/2006 Immigrant Visa (IV) Fee Bill Generated

12/18/2006 Received IV Fee Bill in the mail

12/18/2006 Sent IV Fee Bill payment to NVC via USPS Overnight

01/03/2007 Sent DS-230 USPS Overnight

01/08/2007 NVC processed DS-230

01/12/2007 Received DS-230 (Part 1) and the list of "Documents You Need to Obtain" for Embassy Interview in mail

02/06/2007 Case Complete @ NVC

02/13/2007 Case sent to Embassy

Embassy

03/15/2007 Received Interview Instructions (aka Packet 4)

04/03/2007 Lab Tests

04/04/2007 Medical Exam

04/10/2007 Interview (Conditional Approval)

04/12/2007 Visa Approved!

04/18/2007 Visa in Hand, Gracias a Dios !!!

04/19/2007 Arrival in USA !!! (POE = Atlanta)

05/29/2007 Received Green Card in mail

www.MarriageBuilders.com

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meauxna Mentor

meauxna   15

Posted
Filed: Country: United Kingdom
 Timeline
Posted
I know for the I-864 that only money that is accessible within a year may be counted as assets. I have a Roth IRA, but I'm not sure whether I can count it or not. I'm 29, so if I withdrew money from the account at this point, it'd be taxed heavily. Anyone know the answer to this question? I'm sure the answer's already here somewhere, but I have been unable to find it in the searches I've done.

Thanks,

Mary

Dittos to Looking4Wife. You CAN acess the money. It wouldn't be the best move in the world, but it CAN become liquid.

I used my ROTH and traditional IRA as assets.

Now That You Are A Permanent Resident

How Do I Remove The Conditions On Permanent Residence Based On Marriage?

Welcome to the United States: A Guide For New Immigrants

Yes, even this last one.. stuff in there that not even your USC knows.....

Here are more links that I love:

Arriving in America, The POE Drill

Dual Citizenship FAQ

Other Fora I Post To:

alt.visa.us.marriage-based http://britishexpats.com/ and www.***removed***.com

censored link = *family based immigration* website

Inertia. Is that the Greek god of 'can't be bothered'?

Met, married, immigrated, naturalized.

I-130 filed Aug02

USC Jul06

No Deje Piedras Sobre El Pavimento!

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Yodrak Veteran

Yodrak   7

Posted
Filed: Timeline
Posted

Looking4Wife,

And when doing that tax calculation, remember that your contributions to a Roth IRA are after tax.

Yodrak

I know for the I-864 that only money that is accessible within a year may be counted as assets. I have a Roth IRA, but I'm not sure whether I can count it or not. I'm 29, so if I withdrew money from the account at this point, it'd be taxed heavily. Anyone know the answer to this question? I'm sure the answer's already here somewhere, but I have been unable to find it in the searches I've done.

Thanks,

Mary

The short answer is "Yes".

Worst case scenario: simply subtract the amount you would be taxed based on your tax bracket (consult your tax advisor), and subtract the amount of the early withdrawal penalty (consult your IRA trustee). This leaves you with the amount that is readily accessible.

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Looking4Wife Enthusiast

Looking4Wife   0

Posted
Filed: IR-1/CR-1 Visa Country: Colombia
 Timeline
Posted

Good point, Yodrak!

I don't know if the IRS imposes taxes as an additional penalty or not for early witdrawal (in addition to the normal early withdrawal penalties)? Theoretically, they may not have any tax bite at all on the Roth?

Hence the need to consult their tax advisor...

Looking4Wife,

And when doing that tax calculation, remember that your contributions to a Roth IRA are after tax.

Yodrak

I know for the I-864 that only money that is accessible within a year may be counted as assets. I have a Roth IRA, but I'm not sure whether I can count it or not. I'm 29, so if I withdrew money from the account at this point, it'd be taxed heavily. Anyone know the answer to this question? I'm sure the answer's already here somewhere, but I have been unable to find it in the searches I've done.

Thanks,

Mary

The short answer is "Yes".

Worst case scenario: simply subtract the amount you would be taxed based on your tax bracket (consult your tax advisor), and subtract the amount of the early withdrawal penalty (consult your IRA trustee). This leaves you with the amount that is readily accessible.

USCIS (CR-1)

06/30/2006 Mailed I-130 USPS Overnight Mail to Nebraska (NSC)

07/03/2006 Express Mail signed for at NSC

07/08/2006 Found out on VJ that my case is transferred to California (CSC)

07/21/2006 NOA1

11/02/2006 NOA2

NVC

11/13/2006 NVC Case # Assigned

11/20/2006 DS-3032 and AOS Fee Bill generated

11/21/2006 Emailed Choice of Agent (from wife/non-USC) in lieu of DS-3032

11/21/2006 Sent AOS Fee Bill Payment via USPS Overnight Mail

11/30/2006 NVC Processed AOS Fee Bill Payment (still no record of receiving Choice of Agent Email)

12/04/2006 Sent DS-3032 Choice of Agent USPS Overnight

12/11/2006 Received I-864 Affidavit of Support (AOS) in mail

12/11/2006 Sent I-864 AOS to NVC via USPS Overnight

12/11/2006 Immigrant Visa (IV) Fee Bill Generated

12/18/2006 Received IV Fee Bill in the mail

12/18/2006 Sent IV Fee Bill payment to NVC via USPS Overnight

01/03/2007 Sent DS-230 USPS Overnight

01/08/2007 NVC processed DS-230

01/12/2007 Received DS-230 (Part 1) and the list of "Documents You Need to Obtain" for Embassy Interview in mail

02/06/2007 Case Complete @ NVC

02/13/2007 Case sent to Embassy

Embassy

03/15/2007 Received Interview Instructions (aka Packet 4)

04/03/2007 Lab Tests

04/04/2007 Medical Exam

04/10/2007 Interview (Conditional Approval)

04/12/2007 Visa Approved!

04/18/2007 Visa in Hand, Gracias a Dios !!!

04/19/2007 Arrival in USA !!! (POE = Atlanta)

05/29/2007 Received Green Card in mail

www.MarriageBuilders.com

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