| Author | Message | ||
Secondcup Comedian Username: Secondcup Post Number: 1070 Registered: 02-2008 Posted From: 67.164.24.16 Rating: N/A |
Thanks brother. | ||
Scallion Side Hero Username: Scallion Post Number: 3825 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
Lunch taravatha mail chesthanu brother Jai NTR, Jai Jai TDP | ||
Maverick Hero Username: Maverick Post Number: 15209 Registered: 01-2008 Posted From: 192.146.101.24 Rating: N/A |
okkasari IRS ki tax kattalsi vacchindani 401K meeda paddava coke? | ||
Secondcup Comedian Username: Secondcup Post Number: 1067 Registered: 02-2008 Posted From: 67.164.24.16 Rating: N/A |
Hyd,Sca mamalu, meeku email chesanu nenna. please reply. Basky ne email id konchem naku ivvu,leda send a test email to secondcup08@gmail.com | ||
Secondcup Comedian Username: Secondcup Post Number: 1064 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Mr.Hyd mama, email chesanu, naku eve konchem reply ivvu. Thanks secondcup08@gmail.com | ||
Hail_the_labour Comedian Username: Hail_the_labour Post Number: 1576 Registered: 06-2008 Posted From: 75.185.82.44 Rating: N/A |
I have a post graduate diploma in banking and finance brother. baaga artham ayyindhi, I was only cheking at the options we have got when our employer layoff and we need to rollout to a temporary account until the new employer has its own 401k to finally re-direct the 401k into that new employer account. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5801 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
I agree. I am also bullish on BRIC markets. If god doesn't like the way I live, let him tell me, not you | ||
Samarasimha Junior Artist Username: Samarasimha Post Number: 30 Registered: 03-2010 Posted From: 38.109.100.66 Rating: N/A |
Best thing is to invest in emrging market related funds( BRIC countries) with returns more than 10%. Very important thing to mange your 401k is When ever you feel market is melting down move them to money market funds so that the cash value won't melt down. During peack down move back money to funds again. Move out of any us health care related stocks/funds. Long term investors focus more on commodities related funds. RajasaYOdha RajaSekhara JOHAR JOHAR !! semasimham is my old id | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5799 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
evening mail chestha.. no gmail access @ work my email id golla2006 at gmail If god doesn't like the way I live, let him tell me, not you | ||
Kish Hero Username: Kish Post Number: 11437 Registered: 02-2008 Posted From: 98.215.115.88 Rating: N/A |
Annai, ni mail ID ivvu, ledha kish009@gmail.com ki mail kottu when u r free! TIA! Life is like a piano, what you get out of it depends on how you play it! | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5798 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Keep the fidelity account as it is for now. Open the new account with designated bank as per new employer and then compare the available funds between the both. We had our 401k with Fidelity and then employer moved to ML. Now we have both. Fund choice in ML is very less. Ardham ayindi anukunta :-) If god doesn't like the way I live, let him tell me, not you | ||
Secondcup Comedian Username: Secondcup Post Number: 1063 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Thanks mama. Traditional open chestunna, already taxes file chesa same option tho,so next yr nunchi Roth ki change cheyyali ani thinking. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5797 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Good luck!! Btw, wt type of IRA account are you opening? AFAIK, ROTH IRA better anukuntaa. Regular IRA lo tax ekkuva pay chestham in the long term ani ekkado chadivaa. If god doesn't like the way I live, let him tell me, not you | ||
Hail_the_labour Comedian Username: Hail_the_labour Post Number: 1559 Registered: 06-2008 Posted From: 75.185.82.44 Rating: N/A |
scal,hyder,rgv brothers: due to employment scenario, I need to rollout my 401k out of employer account. currently its with jpmorgan/fidelity. which one do you suggest , shall i keep it in same or should i try new banks/etc | ||
Acf Junior Artist Username: Acf Post Number: 121 Registered: 01-2008 Posted From: 38.109.75.245 Rating: N/A |
72% aa wow. MrHyd naaku kuda training ivvandi plz  mine was 38% in last year and this yr till now 5.5% | ||
Cocanada Moderator Username: Cocanada Post Number: 19715 Registered: 01-2008 Rating: N/A |
annai. meeru qualified and mee field lo expert ani cheppanu. indecent ga emi analedu. | ||
Secondcup Comedian Username: Secondcup Post Number: 1061 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Emp does not provide any 401K plan,so I had to choose IRA. Thanks, let me finish the account opening process. | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 106 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
@Coconada..endi basu..maree kid lekka...bullshit emi discuss cheyyatle kada..Retirement investments gurinchi thread este, konchem decent anukonna..respond ayya.. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5793 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Y IRA only? Or is it in addition to your regular 401K a/c? If you don't have a 401K account then got for it first even if your employer doesn't contribute to it. It has more adv's compared to IRA. Coming to the questions - It doesn't really matter which option you select. In ideal case, you would be moving the funds from these accounts as soon as account is open for transactions. There won't be any huge difference even if you move the funds after a month or two. But don't keep them in there for too long. If god doesn't like the way I live, let him tell me, not you | ||
Scallion Side Hero Username: Scallion Post Number: 3823 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
when you look at both the years you did good but look's like you are not aggressive but look at Hyd he was aggressive but still managed to have lesser losses in 2008... point to note your honer
Jai NTR, Jai Jai TDP | ||
Cocanada Moderator Username: Cocanada Post Number: 19714 Registered: 01-2008 Rating: N/A |
didnt mean to disclose just tellling everybod that he is a credible resource | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 105 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
Ee year lo meeku konchem daggarlo vunna.-18%. TEDMX morning star rating 2-3 madhyalo vundi, meeru aggressive anukunta investments lo, I don't spend much time and do not change investments that easily, so usually look for better ratings and historic stable history | ||
Hail_the_labour Comedian Username: Hail_the_labour Post Number: 1556 Registered: 06-2008 Posted From: 75.185.82.44 Rating: N/A |
bulllshixttt why the heck are you revealing work details very very bad on your part. please resign your moderator job j/k | ||
Cocanada Moderator Username: Cocanada Post Number: 19713 Registered: 01-2008 Rating: N/A |
(Message edited by cocanada on April 12, 2010) | ||
Secondcup Comedian Username: Secondcup Post Number: 1060 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Mr.Hyd, I'm in middle of opeing an IRA a/c with Fidelity, in the process vadu konni ques adutunnadu. I put balanced option in the begining, inkot ila vundi. Your core position is where the money in your account is held until you invest or withdraw it. There are two options for your core position. You can change this selection now or anytime after your account is open. FDIC-Insured Deposit Sweep More Information A bank deposit that earns interest and is eligible for FDIC insurance. Fidelity Cash Reserves (FDRXX) See the prospectus (PDF) A money market mutual fund. pai vatilo edi seleect chesthe better until I move the funds to the diff stocks/MF based on experts advises. | ||
Scallion Side Hero Username: Scallion Post Number: 3822 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
This is very good compared to the below..
Jai NTR, Jai Jai TDP | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5792 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
 vetakaaramaa? 2008 lo lehman, bear sterns poyayi... warren buffett kuda loss loki velladu.. manam enta? But i didn't do that bad... around 16% down anukunta aa okka year ..i guess that's pretty reasonable for historic 2008 If god doesn't like the way I live, let him tell me, not you | ||
Secondcup Comedian Username: Secondcup Post Number: 1059 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Thanks babai, problem with chase(nadi e bank) vadu I can't open and IRA a/c with brokarage ac/ annadu. vadiki GC kavali anta. regular IRA ayuthe bank vadu open chestanu anandu. kaani naku IRA(CD) knate ila money ni invest chesthe better ani vundi. Please suggest , does anyone know fidelity has any such kind of restrictions to open an a/c on H1? | ||
Scallion Side Hero Username: Scallion Post Number: 3820 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
I am with JPMorgan... Fidelity gurinchi naku super avagahana ayithe ledhu... mail me I will try my best. Jai NTR, Jai Jai TDP | ||
Secondcup Comedian Username: Secondcup Post Number: 1058 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
mama lu, nenu e roje open chestunna IRA(trad) on Fidelity. First time chestunna in my total US stay , so open chesinaka meeku email chestanu,konchem tips ivvandi,vetiki(MF/Stocks etc..) money ni move cheyyalo. asalu bottiga naku knowledge ledu. TIA | ||
Scallion Side Hero Username: Scallion Post Number: 3818 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
2008 paristhiti enti??? Jai NTR, Jai Jai TDP | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12325 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
we are in same boat Coke! CHIRU - SACHIN - FEDERER | ||
Cocanada Moderator Username: Cocanada Post Number: 19687 Registered: 01-2008 Rating: N/A |
mee andarini chustaante siggestondi 4 years ninchi working finance knowledge nil  | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12324 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
 CHIRU - SACHIN - FEDERER | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 103 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
Babu nuvvu maamoolodivi kadu..chatrapativi..endi ee returns??? Last year 30.5% YTD 5.6% Kavalante charge cheyyi basu nee consulting ki, Emi funds, enta % are fetching you these numbers?????????????????? super nuvvu. Again, I hardly open my account once in 6 months.. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5791 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Nenu pettina funds evi ee list lo levu  Chiru_fan, Sure... for now.. check the stats for TEDMX. Last year, i had most of money on this fund. Google/yahoo finance lo Jan 1st 2009 to Dec 31 2009 perf choodu u will get a idea. If god doesn't like the way I live, let him tell me, not you | ||
Life_sucks Comedian Username: Life_sucks Post Number: 1880 Registered: 05-2008 Posted From: 148.168.40.4 Rating: N/A |
>>72.1 % too much kada | ||
Scallion Side Hero Username: Scallion Post Number: 3817 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
Indulo petu... total safe Kikiki Jai NTR, Jai Jai TDP | ||
Indiarocks Side Hero Username: Indiarocks Post Number: 3141 Registered: 09-2008 Posted From: 207.141.5.253 Rating: N/A |
72% return ante, meeku pettina 100$ ki 172$ vachinda?  leader [lee-der] -noun : A person who can publicize himself in the media, and is very successful at it. | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22535 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
Thornburg Value/A TVAFX Dodge & Cox Stock Fund DODGX Columbia Acorn/A LACAX Thornburg Intl Value/A TGVAX Evgrn Special Values/I ESPIX Fidelity Adv Mid Cap/A FMCDX Prudential Jennison Small Company A PGOAX American Funds Balncd R4 RLBEX American Funds Growth R4 RGAEX American Funds Hi Inc R4 RITEX Fidelity Adv Freedom 2005 A FFAVX Fidelity Adv Freedom 2010 A FACFX Fidelity Adv Freedom 2015 A FFVAX Fidelity Adv Freedom 2020 A FDAFX Fidelity Adv Freedom 2025 A FATWX Fidelity Adv Freedom 2030 A FAFEX Fidelity Adv Freedom 2035 A FATHX Fidelity Adv Freedom 2040 A FAFFX Fidelity Adv Freedom 2045 A FFFZX Fidelity Adv Freedom 2050 A FFFLX Fidelity Adv Freedom Income A FAFAX PIMCO Total Return/A PTTAX American Cent Mid Cap Value/A ACLAX Columbia Lrg Cap Index/A NEIAX Columbia Mid Cap Index Fund A NTIAX Columbia Sm Cap Idx/A NMSAX yendhulooo pettalooo seppu Hyder annai RahulGandhi/JP/Chiru | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12323 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
Chiccha...neeku okka 10 nimishaalu dorkinappudu...koncham information isthaavaa...fleeeeeeeeez! CHIRU - SACHIN - FEDERER | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5790 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
2009 my portfolio return 72.1 % ee year till date return 8% indulo wt is so confusing idle gaaru? If god doesn't like the way I live, let him tell me, not you | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22534 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
ardam kaledu RahulGandhi/JP/Chiru | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22533 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
 RahulGandhi/JP/Chiru | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12322 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
 please.... CHIRU - SACHIN - FEDERER | ||
Hail_the_labour Comedian Username: Hail_the_labour Post Number: 1545 Registered: 06-2008 Posted From: 75.185.82.44 Rating: N/A |
After going to india, you can withdraw partially in 1 or 2 years. ex. you have 50k in 401k and you withdraw 25k in 1 go. then assume you have no other income from usa in usa then the fund regulator will deduct TAX on the 25k you withdrew at a rate of Federal tax. since for a 25k meagre amount the irs tax is zero, in a sense you can claim back all with which was deducted at tds while ur taking out money. regarding 401k there are few eception rules like bilateral agreemens etc which can change from timeto time and which can make foriegn transfer of such investments repatriable on a single time basis. dont worry about future taxes just start savings for now.. in india also sooon PPF and Insurance monies are going to EEE mode to EET (exempt exempt tax) | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5786 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
alaa ayithe vutha tips kaadu.. meeku intensive full time coaching ivvali  last year 72.1 ytd 8.2 If god doesn't like the way I live, let him tell me, not you | ||
Hail_the_labour Comedian Username: Hail_the_labour Post Number: 1544 Registered: 06-2008 Posted From: 75.185.82.44 Rating: N/A |
Coke: please start your pennywise savings . I have my corporate 401k profile in Fidelity. They have good options. 2009 I had a 6 digit salary to reduce the tax burden I pushed in 15k into 401k. Average rate of returns is good as i Kept 50% risk, 25% moderate, 25% growth funds. 29.49% is Rate of return for Last Year in fidelity for my investment. | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12321 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
ippudee soosukunna....last year baagaanee vacchinattu vundi...it was 31.7% ee quarter maatram...Deccam Chargers type...just 4.1% CHIRU - SACHIN - FEDERER | ||
Indiarocks Side Hero Username: Indiarocks Post Number: 3139 Registered: 09-2008 Posted From: 207.141.5.253 Rating: N/A |
I too need some info on this. Eppati nundo thread veddamu anukuntunnanu. Company matches 50% upto 8% of employee contribution. ante max 4% istaru. Vanguard manages our funds. Ippati varaku contribute chesina daani vaipu choodaledu. India vellipoina, 401k after retirement draw cheyakudada? leader [lee-der] -noun : A person who can publicize himself in the media, and is very successful at it. | ||
Indiarocks Side Hero Username: Indiarocks Post Number: 3138 Registered: 09-2008 Posted From: 207.141.5.253 Rating: N/A |
Generally speaking, we will be in a higher tax bracket, right? Why would anybody go with a normal 401k in that case? Roth IRA meeda light vestara evarina konchem. Vanguard is 401k manager. leader [lee-der] -noun : A person who can publicize himself in the media, and is very successful at it. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5784 Registered: 01-2008 Posted From: 167.230.38.120 Rating: |
"Be a roman when you are in Rome" annaru kadaa  So america lo pay check to pay check living right way to enjoy life (at least naa laanti savings leni vaallu ilaa enjoy cheyochu)  If god doesn't like the way I live, let him tell me, not you | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3621 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
I personally think this is not the correct way of planning for your rainy day... ------------------------------------------------------------ ----------- scallion garu, oka statement icchi vellipote ela? :-) mee idea ento cheppandi? Bottomline is that people have to say. ee desam lo taadu, bongaram ledu manaki. rainyday fund antu vundali kada. | ||
Scallion Side Hero Username: Scallion Post Number: 3815 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
Not true... first 3 years matrame problem after that it is 100% vested Jai NTR, Jai Jai TDP | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22531 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
3 yrs vesting period ante bokka... last 3 yrs u wont get their contribution if you resign any yr RahulGandhi/JP/Chiru | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3620 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
I heard that we can withdraw a portion of 401k money for buying home in usa without having to pay any taxes or penalty. ------------------------------------------------------------ --------------- Not sure kani maa telisina vallu chesaru ee pani. illu value 50% padipoyindi. illu, vollu gulla ayindi types. so, think before you take whatever step. Mr.hyd, india ki venakki velle sangati velagaledu :-D Obvious point. | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5782 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
mee last year return % enta and ytd return enta cheppandi so that we can decide nenu meeku tips ivvala or meeru naaku ivvalaa ani (meeru enni kotlu pettaro cheppakkarledu just % return cheppandi)If god doesn't like the way I live, let him tell me, not you | ||
Kish Hero Username: Kish Post Number: 11434 Registered: 02-2008 Posted From: 98.215.115.88 Rating: N/A |
Super ga explain chesaaru, naa laanti layman ki kooda ardham ayyettu! Thanks a lot! Naa profile ki 401(k) manchi option anukuntunna- konchem aa money ni endulo invest cheyaalo cheppandi! MrHyd annai, please give me your mail ID! Life is like a piano, what you get out of it depends on how you play it! | ||
Scallion Side Hero Username: Scallion Post Number: 3812 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
Yes, it is true... buy when you say buying home it should be your primary residence Jai NTR, Jai Jai TDP | ||
Scallion Side Hero Username: Scallion Post Number: 3811 Registered: 05-2009 Posted From: 206.123.17.17 Rating: N/A |
I personally think this is not the correct way of planning for your rainy day... Jai NTR, Jai Jai TDP | ||
Moviefan84 Comedian Username: Moviefan84 Post Number: 1472 Registered: 10-2008 Posted From: 68.163.80.210 Rating: N/A |
Guys, I heard that we can withdraw a portion of 401k money for buying home in usa without having to pay any taxes or penalty. Is that true? Anyone tried this option? | ||
Cocanada Moderator Username: Cocanada Post Number: 19686 Registered: 01-2008 Rating: N/A |
going out for lunch will be back in an hr thank u for ur inputs | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5781 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Not everyone have plans to settle in usa, right? Most of the people who go back to india close the accounts and take back everything. Naa first post lo ade cheppa... If god doesn't like the way I live, let him tell me, not you | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3618 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
And one more thing is to have a rainy day fund. 20% of ur salary keeps going into a savings account unless you have loans or obligations back home. Even if you have loans and other obligations you should try to save a port tion of your salary every month and NOT touch it. If you plan properly you would never ever touch ur 401k. nakayite 401k meeda loan teesukovatam artham kadu. | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22529 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
adhi matter, if someone dont settle here,. obviously want to take that out when they go to India kissu, you need to manage your account once they are in retirement account, ee retiremnet accounts only limited funds access vuntai based on provider RahulGandhi/JP/Chiru | ||
Moviefan84 Comedian Username: Moviefan84 Post Number: 1470 Registered: 10-2008 Posted From: 68.163.80.210 Rating: N/A |
Yes I completely agree with Guttonkay.. Coke, Ee vishayam lo nenu last year recession ki chala debbaipoyanu. Anduke experience tho cheptunna.. when you contribute for 401k spread it out evenly among the funds with good history. Then, you keep monitoring how they are doing very frequently. | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3617 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
Assume you take it after 5 yrs ------------------------------- why does anyone take out of 401k? Unless it's really dire circumstances the idea is u just keep it there and keep changing ur investment options so the money u put and the money ur company matched keeps on growing till u hit retirement. | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12320 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
Mr.HYD chiccha, adedoo seppi punyam kattu koo...nenu bhi Fidelity... CHIRU - SACHIN - FEDERER | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22528 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
50% aithe waste tammudu 1. say your sal is 100k 2. If you invest 6k, they will invest 3k ante 9k/yr 3. Assume you take it after 5 yrs 4. when you withdraw it attracts 10% penality before retirement age, ante remaining 8k 5. say you will take out in yr when ur income is at @ 20% tax bracket, 1.5 tax gone = 6.5k vasthundi + (ivvi mutual funds lo pedthav kada, ee mutual funds pedhaga yemi growth vundav, baga manage chesthe 6-7% vasthundi return or liquid cash lo aithe 25Ps vaddi vasthundi), say for 5 yrs with intrest it will be 7k 6. Suppose ee 6k, 25% tax bracket lo, invest cheyakapothe 4.5k vasthundi, least lo leaset 1 Re intrest veskunna 7k avuthundi 7. On top check for vesting period with your company (Matching will be putin to your account only if u stay for X yrs of vesting period)
5% yenti ehes, nuvvu yentha invest chesthe vadu yentha match chesthadu? RahulGandhi/JP/Chiru | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12319 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
The 401(k) contribution limit for 2010 is 16500. You have to contribute 6% to get your employer contribution, but, if you can afford, try to contribute more amount. It would help in two ways, one, you are saving money and second point is that your contribution is a before-tax deduction and the amount would not be part of your salary for taxation purposes and you might get a decent refund when you file your taxes (based on few other factors).
You can keep this money and take it when you are 65 are older or you can take this money now. They would be taxing you and an additional 10% fee as a penalty. But, few people suggested to me that you withdraw this money an year after you left US, that way, you would get your taxation portion of it in the form of tax refund (when you file your taxes), as your annual salary would be low. Another good thing about this would be, you can take loan on your 401(k) and it would not show in your credit report, as your are taking loan against your own money. CHIRU - SACHIN - FEDERER | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5780 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
That may be the default choice if you don't pick any funds. But you will have option to change it from from the company stock fund to any other fund. If god doesn't like the way I live, let him tell me, not you | ||
Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 5779 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
Employer match vunte join avvandi otherwise you might want to think about it. Even though you get tax break for the money that you put in to 401K... you will have to pay tax/penalty if you withdraw the money earlier (while going back to india etc) Konni comapnies match chesinaa kuda locking period vuntundi for vested balance. So check that also... they might match up to 6% or so but 2-3 years lock-in antaaru... if u quit the company then employer money will be taken back... Final gaa, Fidelity lo join ayyaka FUND selection lo tips kaavali ante cheppandi... maaa gang motham lo naa portfolio top If god doesn't like the way I live, let him tell me, not you | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 102 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
It depends on when do you want to pay the taxes on your money. Web has lot of information from professionals, do some reading. Simple ga cheppalante..Compare your Tax Bracket Now Vs when you are over 65 - If you think you will be in lesser tax bracket > 65yrs, go with Regular 401 Otherwise go with Roth 401k | ||
Kish Hero Username: Kish Post Number: 11433 Registered: 02-2008 Posted From: 98.215.115.88 Rating: N/A |
And how do we know where to invest? Half of the employer match will be in employer stock anta! Naaku ee stocks/investments gurinchi absolutely no idea! Mana company vaade invest chesthaada leka manani aduguthaada? Life is like a piano, what you get out of it depends on how you play it! | ||
Kish Hero Username: Kish Post Number: 11432 Registered: 02-2008 Posted From: 98.215.115.88 Rating: N/A |
6% of salary cheyatam better aa? Because 6% tharavatha entha chesinaa employer match chese amount is same! Also, if we have to go back to India for good, ee amount ni manam eppudu access chesukovacchu? Life is like a piano, what you get out of it depends on how you play it! | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12318 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
Kishu....I know only little about Roth IRA, hopefully other DBers can shed some light on it. But, try to contribute towards your 401(k). CHIRU - SACHIN - FEDERER | ||
Kish Hero Username: Kish Post Number: 11431 Registered: 02-2008 Posted From: 98.215.115.88 Rating: N/A |
Nenu kooda 401k lo invest cheyatam start cheddhaam anukuntunna- naaku kooda advices ivvandi- thanks in advance! My company HR website has this- Match is equal to 50% of contributions up to 6% of your salary It says the company also offers Roth 401(k) What is the difference- please suggest which one is better! Life is like a piano, what you get out of it depends on how you play it! | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 101 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
oops..here is the low to high risk as I understand MMKT-->Bonds-->Conservative-->Balanced-->Aggressive | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 100 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
Yes Sir. Login into your brokerage account, spend some time in the Research section and adjust your fund selections. If in doubt, post here and someone can help in choosing right funds, kaanee DBers recommend chesina funds dobbite..devude dikku MMKT-->Bonds-->Agressive-->Balanced-->Conservative funds carry the risk from Low to High in this order | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12315 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
...or people who realized the importance of it after the fact can help you as well! CHIRU - SACHIN - FEDERER | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12313 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
Yes you can...based on the options given by your 401(k) vendor. You can contact Fidelity and they would provide you with complete information. Generally, they would suggest you a plan based on your age & guage As you are 29 years old youth , you would be getting an advice from Fidelity to chose an aggressive plan (Freedom Fund or some other name that they would be having). But, you can always go for other funds (conservative and/or mix)CHIRU - SACHIN - FEDERER | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3615 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
coke, yes, you pick what u want to put ur money in Idea is to have a good spread over small/medium/large cap funds. Bonds, cash wahtever is ur preference. Fidelity will send u literature on every fund or they will ask u to read online or print on ur own. Talk to someone in ur company who is knowledgeable on this stuff. If you don't pay attention you will be contributing to a fund that is not giving good returns. Have a 30-30-30 spread and keep monitoring every 3 months or so. DB rich people will give you better input for sure. | ||
Cocanada Moderator Username: Cocanada Post Number: 19685 Registered: 01-2008 Rating: N/A |
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Cocanada Moderator Username: Cocanada Post Number: 19684 Registered: 01-2008 Rating: N/A |
Can I make picks if I enroll in 401 k? | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12312 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
then GO FOR IT without any second thoughts...it would help you in a big way! CHIRU - SACHIN - FEDERER | ||
Rgvrocks Junior Artist Username: Rgvrocks Post Number: 99 Registered: 04-2009 Posted From: 192.223.243.5 Rating: N/A |
I would say sign up for it unless you need 100% of salary in hand every month or if ur younger than 25 Yrs or so. Nothing wrong in saving for retirement sake, go for it even if there is no emp contribution. Another thing, you will not get an advisor to manage your investments carefully until have at least 50K in your account. So, until then..try to pick your investments carefully. If you just sign up and forget about it, it goes to the default fund and you may see heavy losses if the time is bad. Monitor it periodically. | ||
Cocanada Moderator Username: Cocanada Post Number: 19682 Registered: 01-2008 Rating: N/A |
I think it is 5% match I am not investing anywhere else. I am an illiterate in finance Thats why thinking of 401k | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12310 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
yes, this holds true. You would be always better of contributing towards your 401(k), if there is a match. Only exception would be in the case if are investing your money in other areas that would fetch more returns (stocks, investment in India etc) CHIRU - SACHIN - FEDERER | ||
Chiru_fan Hero Username: Chiru_fan Post Number: 12308 Registered: 04-2008 Posted From: 151.196.183.248 Rating: N/A |
Coke...this holds true, if you are working for a small desi consulting firm. Generally there would be some 401(k) match if you are working for US firms or big desi firms. If they are matching some amount, then you should contribute some amount towards your 401(k). CHIRU - SACHIN - FEDERER | ||
Guttonkay Side Hero Username: Guttonkay Post Number: 3614 Registered: 05-2008 Posted From: 148.87.19.214 Rating: N/A |
okappudu putting money in 401k is always a good idea ani cheppevallu. Think about it, you contribute 6% and employer matches 50% or so. That's free money from the employer. And also this is pre-tax contribution from you. So, you are not paying any taxes on that 6% of your income - not now anyway. Does that wisdom still hold true, I don't know. If employer is not matching at all, then you can probably find other avenues rather than 401k | ||
Telugufan Side Hero Username: Telugufan Post Number: 2054 Registered: 05-2008 Posted From: 12.13.141.101 Rating: N/A |
emi lekunda 90% offer cheyaru, oka sari kanukko, maku 5% 100 match chestaru same fedility | ||
Cocanada Moderator Username: Cocanada Post Number: 19681 Registered: 01-2008 Rating: N/A |
em ledu anukunta | ||
Idle_yzag Megastar Username: Idle_yzag Post Number: 22527 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
1. matching yentha? RahulGandhi/JP/Chiru | ||
Cocanada Moderator Username: Cocanada Post Number: 19680 Registered: 01-2008 Rating: N/A |
naaku finance knowledge nil my employer is giving 401k with Fidelity teeskomantara ? Calling experts |
