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Asked 7/22/2006
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401K advice for UK citizen on L1 Visa in US? Does it make sense for me to invest in a 401K in the US, given that I will probably move back to the UK in 3 to 5 years and, as I understand it, will not be able to transfer it to a UK equivalent without tax and penalties etc? My company already pays into a 401K but I'm not contributing at the moment. |
Answer 1/1 - Submitted 7/24/2006
By all means, contribute to a 401K, especially if your company gives a match. Even if you move back to the UK, you can still leave your money in the 401K in the US.
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