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rated:
I guess this discussion has two parts.
1. What is the relationship between retirement account of any sort and a permanent US residency? Is it advisable for a non-permanent resident (no green card, no US passport) that is perhaps just temporarily working (legally) for let say 15-20 years in the US, and may actually retire in his country on citizenship? Would such person still receive his funds as a pension if he retire in another country.
2. Specifically on 403 b as this is the only retirement account offered by the employer (no matching).
Thanks!

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rated:
There is no relationship, nothing prevents someone on an H1B for example to have a 403(b). If you know you will go back to your home country you may not want to have to manage said account for decades without a US address.

rated:
Moosy said:   There is no relationship, nothing prevents someone on an H1B for example to have a 403(b). If you know you will go back to your home country you may not want to have to manage said account for decades without a US address.
 

  Why? What would be so difficult about 'managing' account without a US address. I am sure these days the managing part is all online (e-statements etc.) and perhaps they are obligated to send the monthly pension (assume check) even if it's foreign address?

rated:
The question is, will the IRS want US taxes on the distributions when OP retires?
If so, is it worth it to avoid US taxes on the contributions?

rated:
pianomaster said:   
Moosy said:   There is no relationship, nothing prevents someone on an H1B for example to have a 403(b). If you know you will go back to your home country you may not want to have to manage said account for decades without a US address.
  Why? What would be so difficult about 'managing' account without a US address. I am sure these days the managing part is all online (e-statements etc.) and perhaps they are obligated to send the monthly pension (assume check) even if it's foreign address?

  
I don't think it is very difficult, but if you have $50,000 in it you might be better off taking it out after you leave the country with no other income, pay 10% penalty and move on.
 

rated:
Moosy said:   
pianomaster said:   
Moosy said:   There is no relationship, nothing prevents someone on an H1B for example to have a 403(b). If you know you will go back to your home country you may not want to have to manage said account for decades without a US address.
  Why? What would be so difficult about 'managing' account without a US address. I am sure these days the managing part is all online (e-statements etc.) and perhaps they are obligated to send the monthly pension (assume check) even if it's foreign address?

  
I don't think it is very difficult, but if you have $50,000 in it you might be better off taking it out after you leave the country with no other income, pay 10% penalty and move on.

  Why would someone in this situation even open then 403 b and then pay 10% penalty?? Better off just saving account?

rated:
Non-permanent residency for 15-20 years??? What type of visa? H1-B is capped at 6 isn't it? Foreign student for ever?

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