Would you continue to invest in 401k as we look forward to a steep economy decline for several months in the future? Even if firm matches to some extent, probably you will end up with a loss?

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Unless you are retiring in those next several months, please continue to invest

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Am on h1b work visa and green card will probably be after I die, what would you suggest?

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It’s not a gain or a loss until you sell it.

If you invest a steady amount and the market drops, every dollar buys more shares. When the market recovers, you’ll have more shares than you would have if you only buy when higher. And you maximize that by buying as much as you can when it’s lower. You know, buy low, sell high.

Even if the market takes 10 years to recover, if you aren’t planning to retire for 30, then you’ll be ahead of where you’d be if you reduced share purchases. Investing the max I could in the 2002 and 2008-9 recessions has me well ahead of where I otherwise would have been for retirement, even with the recent drop.

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Unfortunately on a h1b work visa with no probability of getting a green card in the long term and near to 100% probability of paying out 10% penalty on earnings as well upon withdrawal before the retirement age, what would you suggest in such a situation?

As a fellow immigrant (albeit now a naturalized citizen but I was on a H1B at one point), this was my rationale but may not work for everyone-

1. Every $ I put into my 401k, I pay less in taxes today. I always tried to put the max allowable amount and not just upto the employer match because I am saving money for my retirement and paying less in taxes today.

2) Employer match is free $. You are literally leaving money on the table if you are not getting the full match.

3) Markets going down is a good thing because I am buying low. In fact I changed my future contributions from target retirement to the S&P 500 etf because now is the time to buy stocks when they are off multi year highs.

4) There is always the visa uncertainty but every $ you invest is for your retirement and its your money. You can even pass it on to your kids no matter where in the world you end up.

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Buy low, sell high. Literally the fundamental tenant of investing.

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Ya with a decent employer match it’s free monies

Like EY1 said unless you are retiring within the next couple of years stay on path. 401k is long term investment.

If you are nervous about your investment, **talk to your accountant** about maybe changing which funds you are invested in and the % of your investment.

Keep investing. The alternative that you seem to be implying is that you’ll otherwise be able to reserve cash such that you can deploy when market has declined sufficiently to earn “better” returns. IMO, trying to short-term time the market is notoriously a losers game, particularly when the capital is long-duration and the power is in the compounding (like retirement funds). The 10% match is also probably the best hedge you could ask for against inherent uncertainty - take advantage of it.

Just put it in cash/bonds in the 401k. Basically no difference at this point lol

I know. This person seems to be bearish so my recommendation for their appetite is to risk off into cash/bonds. I personally am in 100% equities

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