I’m a non resident alien, and recently secured my first job in USA. My employer doesn’t match my 401k contributions until a year of employment. My long term goals do not include retiring in the USA (subject to change). I was wondering if it would make sense to invest in the 401k, and also hoping to learn more about Roth/IRAs. Any advice would be helpful.

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Commenting just to follow responses (I am in same position and have not contributed to 401K for this reason; but would be good to see responses)

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FYI for future reference: if you tap on the three dots icon in top right of any thread you can subscribe to it :)

Yes, max out 401k, HSA, IRA and all the tax saving instruments. Saying from experience as I was in the same boat and regretted not doing it sooner.

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Could we have a conversation about IRA, hoping to know more about the difference between 401k, IRA, ROTH, and any other vehicles that are available

Irrespective of where you want to retire, always it is good to contribute to 401K and save on taxes. Eventually the capital gains and company match will out weigh any potential penalty / taxes you would pay for early withdrawal . Also there are ways to reduce taxes by withdrawing once you leave the country

Start early, it doesn’t matter if You get the match or not . You get tax benefits and your money is going to grow .

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Seems like a lot of EY officials had their interests peaked

You can get your money wherever you are. I have money in accounts in Nigeria where I don’t plan on returning either. When I need it, it’s just a few transfers away from a computer

There’s no opportunity cost of not accessing RETIREMENT funds. The point of putting money away for retirement is so that...you’re not able to access it UNTIL retirement.

Personally I only put in my retirement fund what I intend to save for retirement. Generally advise people to do the same. If you want/needy I access it earlier then it’s not to be designated as retirement. So that helps you answer easily the question of whether or not to put it in your 401k

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