Does a 401k make sense for immigrants who are not going to stay in the States long term?
I am Indian who is working in the States on an F-1 Visa. I started working 5 months ago and have something around 7k in my 401k account. My company does 100% matching up to 7% of my salary. That sounds like free money, but if I plan on returning to India in the next 5-6 years, is there any point to a 401k? Wouldn't the penalties and tax implications negate the benefits?
original posted by Charming_Finish720 to r/personalfinance on Sat, 02 Mar 2024 13:10:08 GMT.