Working in Amazon since last 3.5 years. Have started to invest 4% to ROTH 401K since a year ago as Amazon matches 50% of 4%. Planning to leave US after 10 YEARS. Should I invest in traditional 401k or ROTH 401k. I have 2 scenarios here. - Penalty on early withdrawal will be 10% on both the accounts. 1) Traditional 401k - I know when I withdraw after 10 years, I will have to pay tax (bracket) in which my total income falls. But after leaving US, can I withdraw every year to stay in minimum tax bracket in US? As my main income will be in from another country. 2) ROTH 401k- I know I can withdraw my investment money and gains anytime without having to pay interest. So after 10 years also I can easily get the money. #401k TC : 195 k Base : 135 k
Uhhh you should invest in a Roth IRA instead. If you want to keep your match and amazon doesn’t match IRAs then contribute 4% to 401k then IRA the rest
I think you need to revisit your plan of “leaving US after 10 years “ , after 10 years you might have plan to settle here.
Why do you think so? I'm in the same boat here planning to leave in 10 years. With all the immigration issues here. I feel apprehensive about starting a family and settling here.
I know many who came here to stay for 6 years, make money and go back. Even after more than 8 - 10 year they are still hanging around. Don’t want to go back ...just following the crowd.
YoE & loc ? Are you an engineer ?
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No point of going to the US anymore?
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Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
Quick Q, Does amazon match only upto 4% of the 401k ? Is the match different for roth 401k and traditional 401k ?
Amazon matches only Upto 4% on traditional 401k and ROTH 401k.