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    pandora28 Posts: 4, Reputation: 2
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    Jan 30, 2011, 03:57 PM
    401K non-resident alien worth it?
    Hi there,

    I just joined a company that that gives me an automatic 3.5% to my 401K and, additionally, matches a 100% of my first 6% contribution.

    I am planning to stay in the US for a couple of years and then cash out my 401K and bring it back to Spain to spend it (probably in a house). I know there is a 10%? Penalty for early withdrawal and then the taxes. I guess that if I opt for the Roth 401K this taxes part wouldn't apply, but I also read something about cashing it out once I'm back in Spain to avoid the taxes. Anyhow, I was wondering if still after these retentions it would be worthwhile contributing whatsoever. As you folks can see I'm a newbie and would appreciate any help!

    Thanks in advance

    Antonio

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