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Recent trends in EH1B People moving to India!


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Posted
24 minutes ago, chittiR said:

401k paristhithi enti? withdraw or leave as it is.. like what do ppl usually do when returning to India?

leave it as it is...or convert it into a traditional IRA and leave as it is....

it is very easy to manage them...just computer login ayyi chuskodame kadha...withdrawing will incur penalties and taxes...

  • Upvote 1
Posted
25 minutes ago, chittiR said:

401k paristhithi enti? withdraw or leave as it is.. like what do ppl usually do when returning to India?

There is a 10% penalty for early withdrawal, plus taxes. If someone is far from retirement, EVERY YEAR they withdraw amount which is with in tax limits where the tax is 0. They will get away with just 10% penalty.

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