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chrisana

Savings vs Stocks

By chrisana in US Embassy and Consulate Discussion

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chrisana Explorer

chrisana   0

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Filed: K-1 Visa Country: Philippines
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Hello All, we have a question regarding our show of support for the I-134. I currently don't work but have enough in savings and stocks to show 3 years worth of support and we will have a co-sponsor. Is it better to have all the money secured in a savings account or can I leave my money in the stock market? I was thinking that they might view the money in the stock market as to vulnerable to be lost. So having it savings acct. might be better. Also the biggest chunk of this money is in an IRA account that is where the stock money is located.

Thanks

Chris and Ana

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YuAndDan Grand Master

YuAndDan   153

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Filed: Citizen (apr) Country: China
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I-134 is a consulate/embassy topic, moving this.

Assets need to be easily liquidated.

Also keep in mind penalties for withdrawing early from an IRA or 401K, the interviewing officer may take that into account.

Needs to be 3 times the 125% poverty line.

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chrisana Explorer

chrisana   0

Posted
Filed: K-1 Visa Country: Philippines
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Posted

I-134 is a consulate/embassy topic, moving this.

Assets need to be easily liquidated.

Also keep in mind penalties for withdrawing early from an IRA or 401K, the interviewing officer may take that into account.

Needs to be 3 times the 125% poverty line.

Yes I already deducted 40% for taxes and penalties

Thanks

Chris

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