{ "media_type": "text", "post_content": "Should I contribute towards 401k if I am on H1B and have no desire of staying here long term?", "post_id": "589811af3a575f0016b2a20a", "reply_count": 4, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Should I contribute towards 401k if I am on H1B and have no desire of staying here long term?

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

Yes. Take the tax break now and let it accumulate/ grow after you move back to your home country. When you retire you can think of the appreciated value as a golden parachute:)

like

Dude it's a free money you get from EY that matches part of your contribution. It's dumb not investing in 401k.

like

What if usd depreciates in the long term...

My friend in the long run we are all dead

Related Posts

Are we capped at the tax deductible limit in 401k contributions or can we contribute more albeit taxable

like

EY 401k...any suggestions on what investments are best?

like

On h1b grace period now, if I do manage to get a new job, how long will it take for employer to file h1 transfer? I know consultancies do it faster but spoke to cognizant today and they told 7 weeks!

like

Are Creative Directors rich?

likefunny

Can I travel internationally, with my old (unexpired) H1B, and my approved I-797? Visa has the name of my ex employer, but is valid for another year. Contd..

like

My H1B got approved last October and I haven't gotten my visa stamped. The I797 says that it will be valid till Oct 2022. Now, i am planning to go for my masters now and probably will come out of school by May 2023. Will have to reenter the H1 lottery? Or can i use this approved petition to get a stamping then?

like

What are pros/cons of investing in 401k beyond the company match? I’m thinking I can make more investing on my own but want to hear others’ input. TIA!

like

Manager on H1B. Green card wait is 150 year for EB2. What about moving to Canada for 1 year and join back in US. Will PwC consider to switch my green card from EB2 to EB1. Any thoughts?

likefunnyhelpful

Spent a year in banking at an EB but had to go back to school because of H1B visa issues. About to start as a BA at McK in the fall. Any thoughts on my ability to recruit for summer 2022 PE Assoc roles? Or do I have to spend minimum 2 years in consulting before making the switch?

like
likehelpful

So let’s say I meet my FIRE number but all my money is in retirement accounts....how do I retire early? By early I mean like late 30s early 40s. Wouldn’t I pay a penalty?

like

401k advice requested - 25 years old, live in nyc, make 125k. I’ve always maxed my 401k to 19500 with a split of regular and roth. Always do the 6k of Roth IRA too. New firm has no matching policy. I understand the benefits of tax so maxing it is beneficial, however, I’m almost breaking even each month. Is it smart to slow the contributions, keep investing myself so I will have money for a down payment down the road? Don’t want to pull on my 401k if not needed

like

Hey Folks! Amidst all this uncertainty about US immigration, has anyone explored Canadian PR options? If yes, any good lawyers to connect or you have done it yourself? Any info is helpful!

like

Campus hire. Few months late but enrolling in my 401K and going to do a Roth, as well. I keep seeing that you should “maximize” both. What does that mean? Is there a calculation or common principle?

like

I'm on H1B (no longer at McKinsey). Is it possible for me to work in Europe for 7 days? Do I need to tell my company?

like

HR1044 just passed Congress, potentially no more employment based visa caps for Indian if it passes the Senate

like

I’m very confused by my retirement options. My work doesn’t offer 401k. I make $160k salary and am single. Am I allowed to contribute to a IRA or Roth IRA? I’m getting conflicting information on this

like

Starting a job on Monday - the company does not yet offer employer match for 401k. Would you still contribute or move straight to IRA? The company is a startup and working on establishing a match. All of the other benefit plans/offerings are insane.

like

Hello I am working in indiàn healthcare insurance sector looking for refferal in healthcare consulting company.

like

anything out there that’s tax beneficial for high income EMPLOYEES other than permanent life insurance? They are not self employed and are maxing out 401k. New and haven’t had this come up much...

like

Additional Posts

Going from AM to AS in NYC...what kind of salary should I be looking at? (Currently not in NY)

like

Job Openings @Nagarro Work From Anywhere Policy  Offices in Gurgaon, Chandigarh, Hyderabad, Bangalore, Noida, Pune and coming soon in Lucknow and Indore as well... Open Positions in picture. DM me for referral

Post Photo
like

Hi, so I just got my AWS-CSAA and we have time off site coming up. What are some good places to start so I can learn something before next year? Happy for technical or other skills. :)

likefunny

What are the SAAS based B2B companies in Pune for Customer Success Manager job position?

like

Are we capped at the tax deductible limit in 401k contributions or can we contribute more albeit taxable

like

How long is your resume? I know the standard is 1 page but recently came across 3-4 page resumes that were getting interview calls. I am not sure what approch to take.

like

What roles do associates with 2 yoe at MBB exit to when they join FAANG?

like

Any tips for negotiating salary? Coming up to my first review period, and feeling lost on how much is too much to ask for and struggling w the thought I may ask for more than I’m worth

like

I’ve just started my career 2 years back and I really want to have an international exposure. I don’t want to change my career path and stick to consulting. The only options I have is: 1. Go for MS - which is a big investment 2. Start applying to other countries for job. But I’m not sure on which countries have opportunities since my overall experience is just 2 years. Would love to hear your suggestions.

like

EY 401k...any suggestions on what investments are best?

like

Is there anything you can say if you suspect one of your directs has ADHD (probably undiagnosed)? I don’t mean this with any judgment. I have ADHD and recognize many similarities in their behavior. Their performance has been suffering (a lot), and I’m running out of ways to address the day-to-day issues. It feels like there’s a larger issue at play that I can’t mention.

like

How do you guys go about asking for points in exchange if some inconvenience? How do you phrase it?

like

Anyone else’s behaviors and habits change significantly post covid19. I.e. going to a bar seems like a hassle now. Movie and staying in my house is my usual Saturday now. I used to go out every single weekend precovid. I got used to never leaving my house 🏡.

like

Doing a technical interview for a transactions group involving SQL and Power BI. I've brushed up on the two, but wondering if anyone has suggestions for practice cases or practical applications? Any sample cases would be very helpful, thank you in advance

like

They ask: “Sorry, Skype issues, can you repeat the question?” They mean: “I wasn’t paying attention and will now waste everyone’s time. Please recap the last 5 mins and and repeat the question.”

likehelpfulfunny

Has anybody tried pushing back the end date on Southwest travel credit? Mine expires next month and I don’t think I’ll be able to use it

like

Anyone know the bonus if I get a C or SC hired?? Would be coming from industry not another firm.

Anyone know what the culture is like at Dalberg? How about the travel. Looking at associate partner role.

I interviewed for a final round last Tuesday and the recruiter hasn’t responded to me at all (I reached out last Wed and again this week). Is that somewhat common practice for recruiters not to give an update?

like

It's great when your project manager messages you at 5:30 telling you "shit hit the fan in QA" when the project was due at 5! #not #willbealongnight

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal