Facebook htXy61

Traditional. Roll it at a later date when you have lower us taxable income. Like when you move back and its zero.

Aug 28, 2018 5 1
- Cisco molyneux
  
  So you roll it into a Roth IRA and then keep the money lying around in the US?
  
  When do you take that money back?
  
  Aug 28, 2018 0
Fitbit / Eng LeftOf

Yes

Aug 28, 2018 2 0
Facebook rSFD70

Yes

Aug 28, 2018 1 0
Microsoft ezpzgc

Yes. I know many who eventually decided to stay back and regret not investing sooner. If employer match is generous it's a no brainer

Jul 29, 2019 0 0
Workday / Eng @hulk

Yes, absolutely yes.
Start contributing even if your employee doesn't contribute. It's gonna be free money (if you get employer contribution in the future)

When you move to India, convert 401k to IRA, and move 30k from entire corpus every year (or amount with lowest tax bracket) to Roth IRA. Let it grow in Roth. Every 5 years withdraw from Roth. Guarantees less penalty.
Caveat: you may have to pay tax in India depending on your RNOR status.

By contributing to 401k, you are saving x% of your Y contribution. So if you are making out 19k, assuming 30% tax bracket, its like $5700 every year, its an indirect return of 30%, right.

Additionally put max out Roth 401k or IRA whenever possible. Hope this helps.

Jun 5, 2019 0 0

blind

FOLLOW US