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401k - Non US Citizens

Chalanachithram.com DB » TF Industry related » Archive through February 15, 2013 » 401k - Non US Citizens « Previous Next »
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Rebel
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Posted on Thursday, February 14, 2013 - 04:32 pm:       


Chopra:

E 25% 50% bracket artham kaledhu


401k is pretax money..so when u withdraw u have to pay tax whatever ur tax bracket is..since u r rich u have to pay 50%
 

Chopra
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Posted on Thursday, February 14, 2013 - 04:06 pm:       


Alochinchu:



ardham ayyindi..thanks

Telugu_times:

Dr. Chopra 50% bracket



raogaru..E 25% 50% bracket artham kaledhu
From Delhi, Via Mudinepalli
 

Telugu_times
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Post Number: 36260
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Posted on Thursday, February 14, 2013 - 04:04 pm:       


Alochinchu:

nuvve 25% bracket lo unte



Dr. Chopra 50% bracket
ippudu atlaanay untadhi. 2014 lo ardhamaithadhi.
 

Alochinchu
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Post Number: 569
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Posted on Thursday, February 14, 2013 - 03:59 pm:       


Chopra:

income tax endi? vesting period endi..E matter lo saaala week ikkada




vesting ante... konni companies match cheseteppadu vesting period pedatharu.. in general 3 years.. ante 3 years varaku aa company lone unte nee account lo padathayi... usual gaa vesting period undadhu..

inka tax vishayaniki vaste..
nuvvu contribute chesedhi pre-tax kadha.. ante nee 100 ki tax kattakunda 401K lo peduthunaavu.. mari theesetappudu tax kattali (even during retirement period) kani mundhe theestunavu kabatti additional 10%.

nuvve 25% bracket lo unte.. may with 10%.. 35% tax kattalisi ravachu..
 

Chopra
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Posted on Thursday, February 14, 2013 - 03:53 pm:       


Truelies:

Alochinchu, think 10% penalty and 30% income tax...



telugu lo cheppandi :d

income tax endi? vesting period endi..E matter lo saaala week ikkada
From Delhi, Via Mudinepalli
 

Kalikaalam
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Posted on Thursday, February 14, 2013 - 03:53 pm:       

Nenu, naa wife idharam participate chesthunnaamu GC mida vundi.

So, okkokka company rule okkokka rakam gaa vuntundemo..
 

Alochinchu
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Posted on Thursday, February 14, 2013 - 03:50 pm:       


Chopra:

employer match unna 401k ni urgent ga badhalu kodithey entha fine vestharu?




employer match kuda vesting period lekpothe avi kuda theesukovachu.. in case bayataki theeste you have to pay tax to the contributions and earnings and additional 10% penalty.. I am not sure if the 10% is only for earnings or for both..
 

Truelies
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Posted on Thursday, February 14, 2013 - 03:49 pm:       


Chopra:

employer match unna 401k ni urgent ga badhalu kodithey entha fine vestharu?




i think 10% penalty and 30% income tax...
 

Chopra
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Posted on Thursday, February 14, 2013 - 03:47 pm:       

employer match unna 401k ni urgent ga badhalu kodithey entha fine vestharu?
From Delhi, Via Mudinepalli
 

Andhrawala
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Posted on Thursday, February 14, 2013 - 03:18 pm:       


Jodhaa:

CPT meedhaney contribute chesa nenu..never heard of this





Akkai mee 401K lo ippudu oka million vuntaadaaa
No Signature
 

Alochinchu
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Posted on Thursday, February 14, 2013 - 03:05 pm:       


Jodhaa:

CPT meedhaney contribute chesa nenu..never heard of this




 

Telugu_times
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Posted on Thursday, February 14, 2013 - 03:00 pm:       


Kajjikayalu_lollipop:

Reason being is that if you were to separate from the company, you would not be permitted to take the funds outside of the U.S



outside of the US enti? "thokka lo 401K plan, i did not like it, give me my money back anadamay". koosintha penalty vesi, migathaa paisal ki check pumpisthaaru.
tharuvaatha manam vizag lo spend chesthey vaadikenti, vegas lo spend chesthey vaadikenti?
ippudu atlaanay untadhi. 2014 lo ardhamaithadhi.
 

Sachin
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Posted on Thursday, February 14, 2013 - 02:54 pm:       


Jodhaa:

CPT meedhaney contribute chesa nenu..never heard of this




emainaaa sethaaav nuvvu
share ki gross ki thedaa theliyakapothenemi...box office disco lo iragadeeyochu...excel, palakol, 292 ki ki ki...
 

Fargo
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Posted on Thursday, February 14, 2013 - 02:54 pm:       


Kajjikayalu_lollipop:

ki vundadu only US citizens or green card holders matrame contribute cheyyagalaru ani maa company vaadu telling.



Timmirekkuvaithe Manchamekkali kani Spot ki Raakudadhu Raa
 

Outlaw
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Posted on Thursday, February 14, 2013 - 02:53 pm:       


Jodhaa:

CPT meedhaney contribute chesa nenu..never heard of this



 

Kajjikayalu_lollipop
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Posted on Thursday, February 14, 2013 - 02:52 pm:       


Jodhaa:


thanks akkai
ikkadem choosthav kani.. paina post choodu...
 

Kajjikayalu_lollipop
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Posted on Thursday, February 14, 2013 - 02:49 pm:       


Alochinchu:

may be employer match gurinchi emo.. employer match lekapoyina paravaledhu i want to contribute (employee deferral) ani cheppu.. either they have to change the rules in system or should change the business rule about that permits.. if they say you cannot do employee deferral then find nice attorney and check if you have a case..



Rebel:

I wont take funds outside US, but I want to contribute ani cheppu..
inka ekkuva cheste vadi meeda discrimination case veyyi...u might get million dollars and retire early without 401k




Thanks vannais. will talk to them.
ikkadem choosthav kani.. paina post choodu...
 

Kajjikayalu_lollipop
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Posted on Thursday, February 14, 2013 - 02:48 pm:       


Outlaw:

evaru eha nuvvu ne gola enti?


aye aye... neeku gola laane vuntundi.. rich fellas
ikkadem choosthav kani.. paina post choodu...
 

Jodhaa
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Posted on Thursday, February 14, 2013 - 02:47 pm:       


Kajjikayalu_lollipop:


CPT meedhaney contribute chesa nenu..never heard of this
 

Cyberabadsinnodu
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Posted on Thursday, February 14, 2013 - 02:37 pm:       


Truelies:

i am on h1b


i that u r a USA sumanth(paurudu)
ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!!
 

Alochinchu
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Posted on Thursday, February 14, 2013 - 02:27 pm:       


Kajjikayalu_lollipop:

Uur 401K charter does not permit non-U.S. citizens or green card holders to contribute




may be employer match gurinchi emo.. employer match lekapoyina paravaledhu i want to contribute (employee deferral) ani cheppu.. either they have to change the rules in system or should change the business rule about that permits.. if they say you cannot do employee deferral then find nice attorney and check if you have a case..
 

Rebel
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Posted on Thursday, February 14, 2013 - 02:18 pm:       

I wont take funds outside US, but I want to contribute ani cheppu..
inka ekkuva cheste vadi meeda discrimination case veyyi...u might get million dollars and retire early without 401k :-)
 

Outlaw
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Posted on Thursday, February 14, 2013 - 02:12 pm:       


Kajjikayalu_lollipop:




evaru eha nuvvu ne gola enti?
 

Alochinchu
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Posted on Thursday, February 14, 2013 - 02:08 pm:       

evado flower pedhuthunadu.. he cannot discriminate.. there is no IRS rules such taht.. may be he is suggesting.. you can contribute.. if you want to take the money out you have to pay the tax and 10% penalty..
 

Kajjikayalu_lollipop
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Posted on Thursday, February 14, 2013 - 02:07 pm:       

thanks annais. Malli adugutha maa vadini.. aa charter document pampamani..
ikkadem choosthav kani.. paina post choodu...
 

Dreamcatcher
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Posted on Thursday, February 14, 2013 - 02:05 pm:       


Truelies:




yeah..first time vintunna ilaga restrictions unnayani. 401(k) is for all US residents who are working irrespective of their status/citizenship. Idedo company vaallu cost cutting measures lo bhagam la undi.
 

Truelies
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Posted on Thursday, February 14, 2013 - 02:02 pm:       

i used to contribute and my prev empl also matching..resigned and rolled over into new employer 401k. again i am contributing and my new employer is matching...


i am on h1b
 

Dreamcatcher
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Posted on Thursday, February 14, 2013 - 01:51 pm:       

You can still have an IRA outside and contribute to it.
 

Humpty_dumpty
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Posted on Thursday, February 14, 2013 - 01:38 pm:       


Kajjikayalu_lollipop:

Our charter prohibits it at this time.


walla plan, walla rules anukuntunna
 

Kajjikayalu_lollipop
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Posted on Thursday, February 14, 2013 - 01:36 pm:       

ki vundadu only US citizens or green card holders matrame contribute cheyyagalaru ani maa company vaadu telling.. Nijame septhunnadu antaara?

When I asked, this is what he replied

"Uur 401K charter does not permit non-U.S. citizens or green card holders to contribute. Reason being is that if you were to separate from the company, you would not be permitted to take the funds outside of the U.S. Some 401K plans do permit but each plan has their own individual charter written by the plan administrator (Originally it was Sheakley Pension and now is Trinity Pension). Our charter prohibits it at this time.)"

Experts.. opinions please
ikkadem choosthav kani.. paina post choodu...

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