Sponsor Question

[Lover500 0]

Hi guys,

I'm going through the sponsor stuff atm and having alot of problems with it.

I came to egypt about a year ago, I havent been working since i was here, so I dont have enough income to sponsor my husband. So I need a co-sponsor. My grandmother wants to help with it, but she doesnt have enough income to do it, unless she includes her 401k. Can a 401k be used as assets for a sponsor? If so then this would be so much easier. If not I really don't know what to do

Thanks in advance

[Bobby+Umit 161]

Hi guys,

I'm going through the sponsor stuff atm and having alot of problems with it.

I came to egypt about a year ago, I havent been working since i was here, so I dont have enough income to sponsor my husband. So I need a co-sponsor. My grandmother wants to help with it, but she doesnt have enough income to do it, unless she includes her 401k. Can a 401k be used as assets for a sponsor? If so then this would be so much easier. If not I really don't know what to do

Thanks in advance

Yes, you can use assets to cover the amount needed for the income level.

Go here and read over the info:

864 FAQ

[Anh map 2,098]

From the I-864 instructions regarding use of assets by a sponsor: Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included

Depending on your grandmother's financial situation they may deem the 401K as acceptable or not.

[reeses16 8]

From the I-864 instructions regarding use of assets by a sponsor: Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included

Depending on your grandmother's financial situation they may deem the 401K as acceptable or not.

Good point. Perhaps your grandmother's yearly 401k distribution + other income can be used to meet the requirements.

Edited June 4, 2009 by reeses16