Contribute to 401k

The Climate Corporation frea
Oct 31, 2018 12 Comments

I'm not a US citizen and not sure if I'll even be in the country to retire. Not sure how much of my salary I should be putting into my 401k.. Am I better off investing in stocks etc or what?

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TOP 12 Comments
  • LinkedIn 🍪cookie
    1. If company matches max out
    2. If don’t have short term plans max out.
    3. If you are in a state with high state tax, max out as per-tax 401k
    Oct 31, 2018 1
    • SAP kbron
      This
      Oct 31, 2018
  • Cisco Seel
    How is climate corp? Interested in their data science group
    Oct 31, 2018 2
    • The Climate Corporation frea
      OP
      Climate's data science is overall pretty great. Some teams are more rigorous than others and top management needs to figure some things out. But overall culture and individual data scientists are awesome
      Nov 2, 2018
    • The Climate Corporation frea
      OP
      They have a problem with retaining talent tho
      Nov 2, 2018
  • Citadel Securities wagecuck3
    You should max out your 401(k) even if you're sure you want to retire outside the US. Whatever you don't contribute, the IRS will take a cut from it right away. And you can withdraw from your 401(k) regardless of whether you live in the US or not. It's still YOUR money, which simply happens to have different tax treatment.
    Oct 31, 2018 0
  • Tableau / Eng Hanrahan
    Should you invest in your 401k or stocks? That is not an "or" question. You should invest in your 401k with stocks :)

    And as others say, max out. Not even a debate.
    Nov 1, 2018 0
  • Oath yinst81
    Max out your 401k.
    Oct 31, 2018 0
  • Adobe acrobat
    Definitely max out. You can withdraw at 59.5yrs age, no matter where you’re in the world. Taxation will depend on where you are, most countries have tax treaties with US that may allow same tax rate as if you were in US. None the less you will save tax now, possibly get free money as company match, and likely pay lesser tax when you withdraw after 59.5yrs age. So just max it out.
    Nov 2, 2018 0
  • Amazon
    NightJef

    Amazon

    PRE
    Microsoft, Oracle
    NightJefmore
    At minimum take company match. Even when you decide to leave you just pay tax (10% penalty)
    Oct 31, 2018 0
  • TDS Telecommunications / Eng Millions
    401k with index funds is probably a safe bet since you don’t know how long you will stay here. After 401k, do Roth and then do stocks.
    Oct 31, 2018 0
  • Reddit Rta42s
    Yes
    Oct 31, 2018 0

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