Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Ok first let me state I am not a citizen/Green card holder in US. I am here on a H1 visa. I plan to stay here another 4/5 years before returning to my home country.
How my question is - if I want to withdraw my funds from my 401k plan after I leave USA :
1) Is there a maximum limit upto which I can withdraw ?
2) Is this withdrawal treated as a loan - means I have to repay the amount ?
3) If in that financial year I do not have any other income - at what rate will I be taxed ?
4) I have heard if I take a loan for buying my house from my 401k I am exempt for paying the 10% penalty - can I avail that if I buy a house outside USA ?

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.