401k

Sphera
jrajput

Sphera

jrajput
Dec 19, 2019 15 Comments

my employer is matching 4.5% on 401k but I am planning to go back to India mostly in 10 years, should I still put money in 401K ?

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 TOP 15 Comments
  • Amobee
    Shamsha

    Go to company page Amobee

    Shamsha
    In 10 years = never. So put your money in 401k.
    Dec 19, 2019 0
  • Oracle
    UkXS83

    Go to company page Oracle

    UkXS83
    You are not going back. Mark my words. You will btch and moan but you won’t
    Dec 19, 2019 3
    • NetApp
      minimeme

      Go to company page NetApp

      minimeme
      Why going back to the motherland can be the worst?
      Dec 19, 2019
    • Sphera
      jrajput

      Sphera

      jrajput
      OP
      not going back to motherland, if worst situation(visa related) occurs and I have to go back
      Dec 19, 2019
  • Google / Eng
    hoooli.xyz

    Go to company page Google Eng

     hoooli.xyz
    Put every penny your employer matches. You will come ahead even if you do early withdrawal and pay penalty.
    Dec 19, 2019 1
    • Sphera
      jrajput

      Sphera

      jrajput
      OP
      sure will do that Thank you !
      Dec 19, 2019
  • LinkedIn
    UπŸ’°SπŸ’°D

    Go to company page LinkedIn

    UπŸ’°SπŸ’°D
    Yes, at least get the match
    Dec 19, 2019 0
  • You can always get the money after you retire, even if you retire in India. You don't need to be employed here. Ultimately, as long as you believe in the strength of the US makers and the dollar this is a no-brainer.
    Dec 19, 2019 3
    • But, assuming you can afford it, is there a benefit to this than buying a low cost fund and letting the money compound over time? I did not realize you have to pay taxes if you use the money past retirement age.
      Dec 19, 2019
    • Google / Eng
      hoooli.xyz

      Go to company page Google Eng

       hoooli.xyz
      You can also take the money to India and do the same.

      He is not a citizen here and can never even get GC, forget citizenship before his death, as long as he is in the backlog. It doesn't make sense leaving it here long term after he goes back. My 2 cents.
      Dec 19, 2019