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    spadman's Avatar
    spadman Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 19, 2006, 09:07 AM
    Should I invest in 401K?
    Hello,

    I am on a H1B visa and am planning to return back to my country in a couple of years. I have been investing in 401K since my employment.

    I would like to know if this investment will be valid or do I just forefeit the money when I leave the country.

    If it will be of no use, is there a way that I can collect the money invested during my stay?

    Thanks!
    Catseyes's Avatar
    Catseyes Posts: 51, Reputation: 5
    Junior Member
    		  
    #2

    Feb 19, 2006, 02:30 PM
    You do not have to forfeit the money, that would suck!
    You can always take money out of your 401. However, if you are not a certain age, there are penalties. But in your case, you want to close it because you move out of the country. Having to pay penalties for closing a 401 depends on your country of origin.
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