{ "media_type": "text", "post_content": "Hi all H1b friends: do you contribute to pre tax 401k or ROTH 401k? And why?", "post_id": "59b6e764dfaaba00179d034e", "reply_count": 10, "vote_count": 2, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

Hi all H1b friends: do you contribute to pre tax 401k or ROTH 401k? And why?

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Maximizing my 401k right now. Starting to file PERM and have a citizen gf

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If you didn't get your H1B approved, don't contribute. I ended up not getting a visa, so I withdrew all mine and got taxed for withdrawing early. If you did get it, I don't think you should approach it the same way a normal US citizen would approach it. No? Why would it be different?

Similar here, maxing out the investment opportunities like an American. I think especially the early years in investing are crucial to build a solid foundation for your portfolio. That being said, I knew my visa was approved and an extension likely if I perform well. Uncle D sponsors your green card after 2 years for campus hires and 6 months for experienced hires so it was worth taking the risk IMHO

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GT1 better put a ring on it just in case

@EY1: she actually has been asking for a ring lol. I don't want to go down that route just yet so I told her that I'll propose after the 1st year of her MBA

I think you should max out your contribution now. In most cases, the $$$ from your firm should be more than enough to cover the extra 10% in early withdrawal penalty and you won't miss the returns which actually add up quite a nice chunk given the bull market

GT1: that's not true. If you don't stay a certain length of time, the firm's contribution doesn't vest so you are left with no contribution and all of penalty

@SC1: for the employers that I have been with so far, contribution matching is done annually

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