401K questions on H1B, My employer contribute 8% of my salary no matter how much I contribute. I’m also not sure if I am able to stay in the US long term, should I contribute more voluntarily?

like
Posting as :
works at
You are currently posting as works at

There is no right answer.. I contribute because if I ever leave the country, I can just start withdrawing the following year with the minimal tax rate (and penalty). If I stay I'll be contributing to my retirement

likehelpful

This is the right approach! Maximize your saving and tax benefits and it’s also a good hedge. You can always withdraw with a 10% penalty but it’s better than paying as much tax right now.

Depending on your financial goal and whether you like the different funds your 401k provided

Related Posts

Hi guys, i have recently received an offer from LTI. PF is mentioned under retiral benefits. Can anyone confirm will i get it only after completion of 5 yrs in LTI. What if i leave LTI in 2-3 yrs?

like

what Tech stocks to hold and what to sell

1Tesla
2 Apple
3 Accenture
4 Cognizant
5 Amazon
6 AmD

started trading a year back

like

4.375% on 30 year fixed good right now? This is the lowest that was quoted by a mortgage broker after they shopped around for me.

like

What is the best way to find a mentor for your personal ambitions and financial/investing goals?

To clarify, I graduated college in August, I just started my full time job, and I own/operate a business I started in my Junior year of college. I am eager to work with someone that can guide me when it comes to growing my income(both short and long-term) as a full-time employee, entrepreneur and aspiring real estate investor.
I understand this may be too vague, but any tips/insight is appreciated

like

Anyone own a car?

like

My grandmother opened a mutual fund account for me with Putnam investments. She started it with $500 and its at $2000 now but I never touched it and have no clue how to use it or make it grow. Can anyone point me in the right direction?

like

Hello guys!
Does anyone have an idea about the time it takes to process work visa for Montreal, Canada?

like

Hoping to get my PHR in the next year or so. Outside of employer reimbursement, are there other opportunities for this to get funded? I know SHRM Foundation offers scholarships for the CP, but I am looking for PHR specific help. Thank you! :)

How often do you rebalance your portfolio? Once a year? Also how many stocks/funds are you invested in? I’m currently heavy in tech and considering when I should redistribute.

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Hi Sharks, I urgently need your help with reviews on 'Deloitte Shared Services LLP'. Please tell me about career growth, benefits? Would really appreciate your help!

Hello all,
Today some one told me that H4 visa holder can now work in USA, just wanted to cross check the information is valid or just a fake news? as I couldn’t find anything on google.

Put $3100 into Roth IRA for FY 2019 and found out that my income is too high to be allowed to contribute. What’s the best way to deal other than recharacterize to a traditional IRA?

I have received two offers from great companies. One is a senior analyst role in the advertising industry and another is a Product manager role in the risk industry. I have 1-2 years of exp as an analyst.
The salary, benefits for both are same. I’m looking for a role that has tech and strategy designing as well and both the roles offer this.
My long term goal is to be a product manager but I want to be on the tech side as well. How do evaluate the offers?

like

Is 3500/month rent considered expensive for San Francisco with a Golden Gate Bridge and water view? 1 bedroom Apt.

like
like

Hi fishes,

I have an offer from Japan as C2H, but the onboarding date will be Sept 15 due to 5-6 weeks for the visa process.

15th was my LWD. So, should I join a company that allows full wfh and quit the company after 2 months to join the Japan opportunity?
Otherwise I will be losing of pay for 2months.

Any suggestions will be appreciated.

like

Fellow Data geeks! I currently work as a Lead Business Intelligence Engineer at Carfax and looking for a change with 8 years of strong experience in data related roles. As my company is going thru an acquisition I’m looking for a change. I’m a perfect match if you are using the tools such as Tableau or MicroStrategy. Also, particularly good at analyzing financial, e-commerce and marketing data. I appreciate the help if anyone could refer me here! Also, FYI, I’m on my H1B visa in the US.

like
like

I’m in my mid 20s and just started working as an entry level BA. I’d like to start saving/investing but have no idea where to start - any tips?

like

More Posts

Hi fishes,
Looking for a job change in sales industry, currently working with byjus and having to much toxic environment these days due to layoffs . Kindly recommend .

like

How do you all manage exercise and meds? I take vyvanse and have a peloton, but am kinda scared of the heart rate increase combination. I find the vyvanse takes about 2h to kick in and so I try to take it by 6am otherwise I’m dealing with the “hitting me” feeling when at work (which has resulted in some really embarrassing situations). In the evenings, I’m so hungry that a workout is harder to do plus you never know when the work day will end!

like

What is life like as 1) an expat 2) a consultant in Dubai and the differences from London? Favourite and least favourite things?

like

We are building our extra benefits plan! Care to share some ideas?
How many PTO days do you offer?

like

What is the biggest issue in tax firms?

like

I got a lowball offer from a reputable Fortune 500 for $95k and a 10% sign on bonus for a new role. Benefits are good but I have an opportunity at another company with just as good benefits for $115k plus 5% bonus. What should I do?

like

Anybody here know starting salary for a second year attorney at Ogletree Deakins and/or Fisher Phillips in their LA or SF offices?

like

Me and my friends at mcbee literally every day until everyone left but me 😢

Post Photo
likefunny

Any reviews of ISB PGPRO? Planning to complete my master's after 14 yoe. The cost of program is 35L + is it worth considering roi?

Insight on Whoop? How membership works, feedback on metrics/data/reporting, etc.? Worth it?

like

Hello Fellow Fishes! I have been recently offered a role at Zs, can anybody share their experience with the global Learning & Development team? I am from a Management Consulting firm

like

How much are you spending on photo/video?

like

Did anyone do a microwedding and could share their experience? We want to do a small ceremony at a park with immediate family then want to do a dinner at a private room at a restaurant or maybe just book a reservation?

like

Did anyone do their own wedding day hair/makeup? I am having issues finding availability due to location of wedding. Thanks!

like

Would love to connect with you to learn, share and build new connections!

like

Anyone who has actually shifted back to base location for RTO?

like

What is the appraisal cycle in Citi ? And by which month one should be in Citi payroll for being considered for hike and bonus in that year?

like

I have offer from Citi pune and HSBC pune which organisation i should i consider to join having 9+ years of experience. Also HSBC is paying more than citi.

like

Sooo...how was everyone's Valentine's Day? ❤️

like

An EY con committed suicide in the office last week?

like

Additional Posts in Global immigration

30 months left on h1b, is it safe to start pwd to i140?

Anyone done for dropbox in the last month? How much time is it taking for you to get the stamped documents back? Thanks!

like

Anyone know how long it takes for L2 consular processing? And the EAD that goes with it? I would like to switch from H1B to L2 given all the issues we are seeing.

like

does anyone know if you can wait for the greencard when outside of the U.S after getting I-140 approval? Thinking of working overseas for a year and not sure what would be the impact on my GC process

Under regular processing , how long does uscis take to come to a decision after they receive the response to a rfe?

Anyone know if it’s possible to very I-9 with an old passport that is NOT expired. As in I go to renew my passport, but don’t have the new passport yet then use my old passport for I-9 verification at me new job?

I have approved I-140 and my spouse has H4 EAD. Will this H4 EAD be valid if I switch jobs?
Currently have an offer but afraid to switch if it is going to impact H4 EAD.

Non B4/MBB firms that sponsor for entry level non technical roles?

like

Got an offer for DTT to file for me the H1B for next yr, however when I read further details, it said the H1B is specific to the firm, does it mean if am successful then I can’t change employers in the future?, I thought the H1B Visa is not employer specific like an L1 visa.. any insights?

My company started my GC on August 2021… but they finally submitted the PWD on Oct 2022. They took over a year on this step due to the fact that this is the first time they do the GC with my kind of role in my company…And they will not do the recruitment in parallel with PWD per company policy. I will be satisfy the minimum requirements when it hits Oct 2023. So they will only file my PERM after Oct 2023…
See the questions I have in the comments area.

like

How long does it take to get the passport back from the embassy at Delhi after a Dropbox appointment?

like

Any recent EY or H1B transfer approvals?

like

H1B got denied after receiving RFE. First time scaling through the lottery. Lawyers won’t disclose the reason for the denial though I suspect it’s cos of the job description. Anyway to find out why?

Anyone here an immigration lawyer that I can message to ask a quick q? Or can recommend a good one?

like

Anybody whose H1 extension and client location amendment filed together? What are the outcomes (approval/denial)? Mine was filed together in PP- got RFE.

Thinking of taking up dog walking on the weekends. I don’t even want to get paid for it. Do you think this is illegal (aka counts as “employment”) as an immigrant? I’m on STEM OPT

like

How long does it take to hear back on H1b extension once you receive a receipt nowadays? Thought i saw a thread going on, but can’t seem to find it. Also, premium process not coming back at all?

Did anyone apply for the national interest waiver while on STEM OPT?

like

Do I need to wait for the L1 blanket application to get approved before booking a visa appointment or is the visa appointment part of the approval process?

like

People who have successfully got L1A and subsequent EB1C, Do you have to submit Proof of your work as Manager? E.g. Managing your team, your team composition, proof of your Manager related emails?

like