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Thanks a lot, @ESOP Guy for your time and response. Surely, I will check with Tax Accountant, I was checking what are the options so that I can prepare to ask right questions for Tax consultant.

Hello, I am on H1B VISA , currently working for one of the company in United States. I am not a US citizen. I have to go back to my country next year, and planning to resign before leaving and I am 40 years old. I have couple of questions related to my 401k Withdraw, 1. Can I withdraw 401k money every year say, If I have $100K and withdraw $25000 instead of withdraw complete amount ? 2. If i withdraw partial amount($25k in this case) and if I don't have income in my country, does my tax bracket come down to 20% or below and tax is charged based on that ? 2. I need the money to buy a house back in my country, If I take a 401k loan, I don't have any income to payback, what are my options in this case? Any suggestions would be greatly appreciated.