| Author | Message | ||
     Gochi Censor Bewarse Username: Gochi Post Number: 88532 Registered: 07-2004 Posted From: 159.53.78.141 Rating: N/A |
correct...401k kooda in one shot if you withdraw, you need to pay taxes and some penalty...but if your employer is also contributing(matching) in your 401k amount, then u are losing that money if u don't enroll in 401k...for example, my previous company used to match 50% of what I put in 401k upto a maximum of 3%..ante nenu 6% contribute chesthey, my company used to add 3% from their pocket...which is around 3k per year..so 401k enroll kaakapothe ee extra 3k naaku raadhu...end of the day penalties kattina kooda I would be in a profit when I withdraw... one more thing entante, even if u r in india, u can always withdraw money from US once u cross 60/65...after 60 aithe they put very little penalsty..after 65 chesthe then no penalty at all...plus money keeps growing over this period |