Folks on H1B visa, would you do 401k without a certainty for GC?

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Yes, get that company match, don’t take your money out until a point when it makes sense (lower tax bracket when out of the country)

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Yes..

Yes otherwise you are leaving $ on the table.

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People live in here for 10+ years without complete certainty and yes, they still invest in 401k cause it’s free money. You’ll get old - you’ll need money. You’ll be able to use it no matter where you are

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It is either way because it reduces your taxable income, there by channeling what you would otherwise pay in taxes into the 401(k) balance!

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It’s a no brainer unless you’re falling short on money

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It's a no brainer if there is match. What is there is no match? Do you also go the full extent of back door?

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Makes sense. It's never too late. I should set it up properly.

Yes ! And don’t have any second thoughts on this

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I am from india and probably will take forever to get my GC. However, I am investing 6% as the company matches 6%. I don’t see me needing this money until later on in my life (20-30 years). Are you folks saying the worst case is I’m paying a 10% penalty and no taxes since I will be home when I withdraw wit o US income? If withdrawing is an easy method and then penalty is only 10% I think it’s a great option and I will continue to invest. Please let me know if I am on the right track. Thanks for all your insights!! Happy Friday.

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This is the way! You are on the right track!

When you are outside US and not having income from US, you will pay a 10% penalty but you won’t have to pay hefty taxes because your annual income will just be the 401k amount you withdraw . So calculate employee match vs 10% penalty + opportunity cost and then take a call

Can I DM to understand this better?

Yes

Was getting almost 9% (100% of 6% match and +3% regardless) in my old job, that's free money I would be letting go off

Even if I had to pay taxes it still a plus

AIG, pay was pretty low tho, benefits were amazing

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Depends on your company match policy. I think PwC is perfect for people who contribute $0 since we have a separate Wealth Builder program funded 100% by the firm.

I’ve worked for 4 years and contributed ~$100 so far (it was a mistake before I changed it to 0%).

I don’t plan on increasing my contribution until I get my GC

Then your advise to OP is flawed because it assumes that they are living paycheck to paycheck as well. If OP has money leftover to save then investing in a 401K is the smart thing to do.

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Following!!! Got the same question

Depends - if you are a really astute investor and can literally beat the market and have those golden hands, then you can stay out of it. You’ll have much more flexibility (eg dump 50 percent in Shopify and make 6x over a year) than a much more moderate return from investing in conventional ETFs/mutual funds

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