I am 33 years old and currently employed in USA on a work visa. I am contributing to my employer provided 401k plan since 4 years. I might be moving back to my home country once I max out my current work visa leaving my 401k account untouched.
I can withdraw by paying 10% penalty, but I am thinking to leave the money till I turn 59-1/2 years and withdraw what ever left by then.
Is it suggestible to leave my 401k money when I leave the country for good? Is it possible to access my 401k money outside the USA, after leaving the country more than 20 years ago? If yes, what is the process? Can I open a bank account again when I am physically not in the country to access the money?