Hi all, I am looking for some advice. I have recently moved to the US and am here on a work visa. There is no telling how long I will be in the US, I am pretty sure for 2 years at least (my visa is for 5 years to start with), but anything beyond that, I have no idea whatsoever. I don't know whether my employer would sponsor me for a greencard eventually or if I would even want to stay here. Hence, I am wondering whether it would make sense for me to contribute to a 401k plan at all. I realize I would forego the employer match, but if I end up withdrawing it early, then I will have to pay the penalty and from the research I did, there would be additional tax consequences depending on where in the world I would be at that point (which I have no idea where that would be either, I don't really have a "home country" so to speak, I have moved around a lot). I am very good at saving on my own, I have around 300k saved after having worked for 4 years and I should be able to save 100k per year going forward.
I am also quite adverse to creating too much of a mess with my finances by having accounts all over the world, and I have a feeling that if I end up leaving the US again, having this 401k plan could turn into quite a hassle and I am just not sure whether it would be worth it. Has anyone been in my situation? Any advice would be greatly appreciated!
