International relocation and 401K

Dec 6, 2019 9 Comments

I am moving fron New York to Dublin with the same employer and would appreciate some suggestions on what to do with my 401k.

Can I withdraw it? What will be the penalty and taxes?

I can ofcourse keep it untill I retire but since I am 26 , i do not want to keep that money in 401k for a really long time . If I decide to do so, is that a wise decision?

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TOP 9 Comments
  • DocuSign oTJY71
    Do not withdraw it. That money is gold. Don’t touch it until you retire. Let it compound.
    Dec 6, 2019 0
  • E*Trade / Finance cbEV72
    Withdraw and spend it all in Ireland. YOLO
    Dec 6, 2019 1
    • VMware
      Mossi

      VMware

      PRE
      VMware
      Mossimore
      Live fast die young brotha
      Dec 6, 2019
  • Google ElinMusky
    You will be back to the US after you get over Dublin. The money will be here to greet you back, and it will have grown. Compounding is just beautiful
    Dec 6, 2019 0
  • Microsoft wndws
    Forget about 401k. Think of it as a your self surprise you gift yourself at retirement
    Dec 6, 2019 0
  • Why are you leaving NYC for Dublin?
    Dec 6, 2019 1
    • E*Trade / Finance cbEV72
      He likes rainy summers
      Dec 6, 2019
  • Credit Karma sViH07
    You are supposed to keep money in 401k for a really loooong time. Then only you will reap the magic of compounding.
    Dec 6, 2019 0
  • New
    IndUSCan

    New

    BIO
    India -> US -> Canada
    IndUSCanmore
    Don’t withdraw. Treat it as an asset you have overseas. If you ever come back to US, you can still use it to get a loan (I’m not sure if you can do that when not a resident of US).
    Dec 6, 2019 0

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