Hi all,
I'm an Australian who just recently moved to the US and I'm not sure how long I'll stay. I'm not planning to stay in the US until retirement and current planning is to go back to Australia in the next 5-10 years or so.
My annual income is $240k (~$11000 take home a month) and some annual bonuses in the form of cash + RSU's. Expenses are $2000 a month rent and and the standard utilities, Internet and so on. My average monthly savings at the moment are around $7000 with varying spikes as moving costs kick in etc. I also have some savings in AUD that I'm managing separately.
I would eventually like to buy a home but in Australia not the US (although if I can manage my funds well enough to do both I wouldn't be against it, haha).
So my question is: should I still look to be leveraging my employers 401(k) (they match 100% up to $5000), a traditional IRA and my HSA? Or should I be looking at something that I can liquidate and move more easily?
My napkin math looks like per pay-period (semi-monthly) I would need to contribute ~$833 for my 401(k) and $283 for my HSA to max them both out -- this doesn't seem like it would break the bank and may be worth just eating and collecting at 59? I'll concede that the amount of tax-friendly systems that seem to exist in the US are doing my head in a little.
Submitted March 24, 2017 at 05:56AM by nullityrofl http://ift.tt/2ocw5VZ
