| Author | Message | ||
     Amigo Side Hero Username: Amigo Post Number: 2644 Registered: 05-2011 Posted From: 69.120.97.231 Rating: N/A |
You can avoid penalty, but you still have to pay after 59.5 | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11710 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Thank you so much. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Crazy Junior Artist Username: Crazy Post Number: 133 Registered: 02-2011 Posted From: 76.102.119.40 Rating: N/A |
Third option lo thappu vundhi .. --> here is correct one ... third option is to transfer all the 401k into Traditional IRA (Not Roth IRA). traditional IRA had two options non-deductible and deductible. So while transfering to traditonal IRA make sure that this have only pre-tax money in traditional IRA as calculations afterwards will be complicated if you have both non-deductible and deductible portions in traditional IRA.} | ||
| Crazy Junior Artist Username: Crazy Post Number: 132 Registered: 02-2011 Posted From: 76.102.119.40 Rating: N/A |
401k to IRA rollover eppudaina chesukovachu ... --> First decide which company 401k is better. If your new company 401k is better then ask for direct rollover. Instead of asking for them to issue cheque on your name ask them to issue the cheque directly on the new 401k plan name. If you ask directly cheque on your name then it needs to be deposited within 60 days into your new plan otherwise it will be treated as distribution and taxes & penalty will be applicable --> if your current 401k plan is better keep it like that --> third option is to transfer all the 401k into Traditional IRA (Not Roth IRA). IRA had many options but one thing to note is make sure you don;t have any Roth IRA while doing the transfer to Traditional IRA as calculations afterwards will be complicated if you have ROTH IRA. | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11709 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
No anduke only 20k unnayi, my colleague has 80k in her account, Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11708 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Manaki anni business telivitalu levu lendi, edo company match chestadu, tax free last ki konchem money untundi ani mana DB lo contribute cheyyandi ani padina threads inspiration tho chesa anthe. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Onlytruth Legend Username: Onlytruth Post Number: 150153 Registered: 01-2007 Posted From: 71.194.35.134 Rating: N/A |
ur Q has two parts : First part i answered ! 
2019 - 2049 ( Ekkithe Digadu ) | ||
| Maverick Legend Username: Maverick Post Number: 52110 Registered: 01-2008 Posted From: 70.39.231.181 Rating: N/A |
roth ira ki kooda income limits untai mastaru Happy Vizag | ||
| Bhishma Junior Artist Username: Bhishma Post Number: 35 Registered: 07-2014 Posted From: 47.16.92.178 Rating: N/A |
did u opt more than default one? | ||
| Emc2 Megastar Username: Emc2 Post Number: 28059 Registered: 03-2008 Posted From: 108.48.4.211 Rating: N/A |
Ala vadalalsina avasaram ledu, create a Roth IRA or self directed Ira , dantlochi funds with draw chesi business cheyochu, you can repay that money to your self, Inka chala cheyochu, do some research, If you go back to India income lekapothe Roth IRA nunchi with draw chesi with in limit no panalty no tax tho with draw chesukovachu | ||
| Gilakkai Junior Artist Username: Gilakkai Post Number: 569 Registered: 10-2012 Posted From: 198.143.152.114 Rating: N/A |
IRS 401k 2014 yearly limit ($17500) old company tho $9000 contribute chesi vunte you can contribute $8500 with the new company for this year | ||
| Maverick Legend Username: Maverick Post Number: 52108 Registered: 01-2008 Posted From: 70.39.231.181 Rating: N/A |
yes. make a note of the account/login etc. if possible do some trading using that or keep track of the investments the account is in. its easy to forget that you even had that account after 5 yrs Happy Vizag | ||
| Emc2 Megastar Username: Emc2 Post Number: 28058 Registered: 03-2008 Posted From: 166.137.100.29 Rating: N/A |
Malli 401k ki reverse roll over kudaradu | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11707 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
2 accounts ga vadileste patha account ki inka contribute cheyyam kada inka limit ela exceed avuthundhi? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11706 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Cool, so ala vadilesi last (59.5yrs) lo withdraw chesukovacha without paying penalty and texes? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Maverick Legend Username: Maverick Post Number: 52107 Registered: 01-2008 Posted From: 70.39.231.181 Rating: N/A |
yes. the limit is there. you cant claim any deduction after that. for roth ira, you cant even contribute. you can leave the old 401k as is. nothing will happen to that. it stays as a bank account u can use for trading. unless u want to consolidate all 401k at one place u dont have to.make sure you keep track of all your 401ks. Happy Vizag | ||
| Okatelugodu Side Hero Username: Okatelugodu Post Number: 7597 Registered: 02-2008 Posted From: 69.126.182.31 Rating: N/A |
Yes. Asalu rollover cheyyaka poyina problem ledu except you will have to monitor two accounts. Overall ga motham year lo annual limit lopu contribute cheyyandi don't exceed in total | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11704 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
So ippudu nenu emee action theesukokunda next month kotha job start ayyaaka daniki rollover chesukovacha? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Okatelugodu Side Hero Username: Okatelugodu Post Number: 7596 Registered: 02-2008 Posted From: 69.126.182.31 Rating: N/A |
Happy ga vunna chota vunchukondi. Once you move to the new job rollover cheskondi. 60 day limit is after withdrawal. You don't need to withdraw now. Oka vela ippudu rollover cheyyaka poyina eppudayina rollover cheskovachu. No big deal. 401k yearly limit lope contribute cheyyandi | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11703 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Hmmm Ee limit $180k correct ena? oka vela qulify kaakapothe other option? Company letter you can leave in same plan ante action emee theesukokunda vadileyyacha? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Maverick Legend Username: Maverick Post Number: 52106 Registered: 01-2008 Posted From: 70.39.231.181 Rating: N/A |
ira ki limits untai..dbl paycheck aite less than 180k undali agi i believe..most db double paychecks dont qualify Happy Vizag | ||
| Bhadram Junior Artist Username: Bhadram Post Number: 984 Registered: 05-2014 Posted From: 99.227.140.126 Rating: N/A |
Mee age entha ? Spend less time trying to be brilliant and more time trying to avoid obvious stupidity | ||
| Wellsfargo Comedian Username: Wellsfargo Post Number: 1805 Registered: 06-2012 Posted From: 49.205.116.106 Rating: N/A |
To do this your taxable income in that year should be less than 100k | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11702 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Company letter saying " your vested account balance in the plan is more than $1000 and therefore, you have the option to leave your funds in the plan or to disburse your funds in accordance with one of the payment methods on the enclosed special notice regarding tax payments" leave your funds in the plan ante ee action theesukokunda vadileyyacha? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11700 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
okasari IRA ki roleover chesaka malli new job lo 401k ki roleover cheyyadam kuduruthunda? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11698 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
60days taruvata decide ayithe emi avuthundhi? Appatiki ayithe naa new job lo 401k ki roleover cheyyachu Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Emc2 Megastar Username: Emc2 Post Number: 28057 Registered: 03-2008 Posted From: 108.48.4.211 Rating: N/A |
put it in roll over IRA, this si the easiest way for now, later decide what you wanted to do with that moeny | ||
| One Hero Username: One Post Number: 17081 Registered: 09-2008 Posted From: 87.106.143.252 Rating: N/A |
above options are fixed ones . nothing else..in normal bank guy suppose to call you .. In normal desi guys go for option #2 .. invitement ki chala options vuntayi IRA lo .. 60 days notice .. nothing to worry may be koni fee cut avuthayi .. chala thakuva ley avi .. but act ASAP PK fan | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11697 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
OT, Nenu google cheste aa information vastundi kada, nenu adigindi advice information kadu. Gillakai cheppina options lo best option ento cheppu, and 5th option ki 60days datina chance untunda? Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11696 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Thank you. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Gilakkai Junior Artist Username: Gilakkai Post Number: 568 Registered: 10-2012 Posted From: 50.115.127.36 Rating: N/A |
option 1: you can keep your old 401k plan (it won't allow you to contribute any further, there are some disadv. & adv.) option 2: you can rollover to Roth IRA ( you have to pay taxes upfront and earning grow tax free) option 3: you can rollover to or traditional IRA ( you don't have to pay taxes upfront,you will have to pay taxes on withdrawals during retirement time) option 4: you can withdraw your money ( tax and penalty applies in this option) - avoid option 5: you can rollover to new employer 401k | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11695 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Naa previous job may 30th tho ayipoyindi, ravadam kadu, new job july 28th nundi start. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... | ||
| Onlytruth Legend Username: Onlytruth Post Number: 150152 Registered: 01-2007 Posted From: 71.194.35.134 Rating: N/A |
http://www.investopedia.com/articles/retirement/05/041105.as p http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-re lating-to-Waivers-of-the-60-Day-Rollover-Requirement 2019 - 2049 ( Ekkithe Digadu ) | ||
| Mikkymouse Hero Username: Mikkymouse Post Number: 11694 Registered: 04-2008 Posted From: 72.196.212.31 Rating: N/A |
Naa job May 30th vachindhi, 401K Plan money gurinchi office letter vachindi, as usal baddakam tho sarigga chadavaledu. New job vachindhi but start date july 28th and next month varau orisantion etc ledu. Ee plan meeda decition 60days lopala theesukovali annadu, kotha company 401k roleover cheyyacho ledo inka teleedu and cheyyagaligina appatiki time ayipothundi, so naaku unna options enti and edi better. Naa paln unnadi Fidelity lo and 20K undi danilo. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... |
