| Author | Message | ||
Gochi Side Hero Username: Gochi Post Number: 2099 Registered: 12-2006 Posted From: 8.7.228.252 Rating: N/A |
kinda evo sukkalu petti idhi raasaadu..deeni meaning ento mari The availability of tax or other benefits may be contingent on meeting other requirements. Only the earnings portion of a withdrawal not used to pay for qualified expenses may be subject to federal income tax and a 10% federal penalty tax; the entire amount of the withdrawal may be subject to state and local income taxes. | ||
Vjawarrior Hero Username: Vjawarrior Post Number: 17168 Registered: 02-2014 Posted From: 153.2.247.31 Rating: N/A |
manchi fund in 401k cheppu mav...like agressive fund for emerging markts...india specific ....need to move my fiunds into it | ||
Gochi Side Hero Username: Gochi Post Number: 2098 Registered: 12-2006 Posted From: 8.7.228.252 Rating: N/A |
I am also researching for the past few days about 529 plan...PA529 vaadi website lo unna faq's ni batti I felt its not at all risky...can someone shed light if there are any disadvantages(or catch) of this plan.. As per FAQ: About Child won't be eligible to receive financial aid if we invest in 529... FACT: A PA 529 account is not included in determining eligibility for Pennsylvania state financial aid programs. Savings held in other state's 529 plans do not receive this benefit. For federal financial aid, funds saved in 529 plans are generally considered to be parental assets, which means that only about six percent of these assets are currently counted towards the family's expected contribution in federal need-based financial aid calculations. TAX Benefit: What are the income tax benefits of investing in a PA 529 account? Earnings grow federal income tax-free .Earnings grow tax-deferred and are free from federal income tax when used for qualified higher education expenses. Earnings grow state income tax-free. For Pennsylvania taxpayers, earnings grow tax-deferred and are free from Pennsylvania state income tax when used for qualified higher education expenses. Pennsylvania state income tax deduction: Pennsylvania taxpayers can deduct up to $14,000 in contributions per beneficiary per year ($28,000 if married filing jointly, assuming each spouse had income of at least $14,000) from their Pennsylvania taxable income for the purposes of determining their state income taxes. | ||
Kuyyo_morro Hero Username: Kuyyo_morro Post Number: 18120 Registered: 02-2011 Posted From: 65.218.189.132 Rating: N/A |
529 is a good plan. Konni schemes unnai where you can pay for the tuition of a university at today's cost. http://www.myfloridaprepaid.com/what-we-offer/savings-vs-pre paid-plans/ | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7399 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
why bypass? Naa first company CEO evvaraina taxes etta tagginchaali ani adigithay oka maata seppe todu, "be happy that you are fortunate to have high income and paying more taxes".. | ||
Sanju Junior Artist Username: Sanju Post Number: 880 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
inkoti cheppandi  | ||
Tombrady Legend Username: Tombrady Post Number: 36033 Registered: 05-2012 Posted From: 216.163.216.62 Rating: N/A |
529 valla emanna use vuntahda? | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1460 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
vundhi ga...vujjogam maaneste sari | ||
Sanju Junior Artist Username: Sanju Post Number: 879 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
deeni bypass cheyyataniki emanna avakasam vundaa? | ||
Kuyyo_morro Hero Username: Kuyyo_morro Post Number: 18118 Registered: 02-2011 Posted From: 65.218.189.132 Rating: N/A |
worst investor in DB nene kaavochu. Ishtam vachinattu sign chesi denka policies. Every month automatic deduction. Aa paisal login ayi chusukovatam thappa you cannot touch. Tpuch chesthe penalties, taxes love the lassan. | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7397 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
Yes...not just this, with parents double income software coolie jobs, it is highly unlikely that desi kids will be eligible for income based scholarships. Kids could get talent based scholarships though, which will not be affected by their 529s. | ||
Sanju Junior Artist Username: Sanju Post Number: 878 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
babai, ee scholorship applications lo kid peru meeda 529 plan vuntey, scholorships ravadam antha easy kaadu anukunta... | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1457 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
anni telisi ee teddu endku vesinattu...maa time bokka ettaniki kakapothay.} Janal emaina kotha points istaru nen miss ayinavi ani choosaa... okati rendu dorikaayi kuda... discussion is always good to learn ani naa yokka idhi | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7396 Registered: 11-2009 Posted From: 208.86.145.68 Rating: |
{bemmi-crush} anni telisi ee teddu endku vesinattu...maa time bokka ettaniki kakapothay. | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1455 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Yup of course. | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1454 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
kavalante adjustment kindha nuvvu sadhavochu with that money | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7395 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
only on the gains as you contributed post tax money. | ||
Sony Megastar Username: Sony Post Number: 20416 Registered: 12-2006 Posted From: 170.48.19.254 Rating: N/A |
kasthapadi scholarship techukuna kid ki gurthimpu kuda undadaa clipart-damn | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1453 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
10% penalty plus tax on the withdrawl as per that day's tax brackets | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1452 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Vuntadhi kadha mari | ||
Sony Megastar Username: Sony Post Number: 20414 Registered: 12-2006 Posted From: 170.48.19.254 Rating: N/A |
now suppose, you contirubute and your kid gets a scholarship appudu with draw chesina kuda Penalty untadaa? penalty ye ratio lo charge chestaru | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1449 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
yup...penalty plus u have to pay tax on those distributions if not used for education | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1448 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
as u might know, 529 savings are not pre tax | ||
Bullabbai Junior Artist Username: Bullabbai Post Number: 233 Registered: 09-2013 Posted From: 155.63.0.254 Rating: N/A |
Slightly different question-- whats the advantage of SOLO 401K over SEP IRA? | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7394 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
catch is, this can be only used for kids/your/relatives education...inka ye rakanga use chesina penalty untadi. | ||
Rebel Hero Username: Rebel Post Number: 13286 Registered: 02-2008 Posted From: 159.45.71.21 Rating: N/A |
529 plan lo u can put upto 130K lumpsum.. 13K per year as gift..u can put upto 5 years in advance - 5*13K=65K + Spouse 65K = 130K | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7393 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
there might be costs associated with funds trading...but besides that, all interest you pay goes back into your account. | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1444 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Veetiki limits vunnai yearly...where as solo 401k ki limit is high..u can put as much as 52K per year aside with 401k kadha plus investment options... where as HSA,529 ki alanti options levu.. my crieteria to open 401K is to reduce tax burden .. | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7392 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
Besides, taking loans against 401(k) has nothing to do with how you invest your 401(k) money...that loan is being facilitated by your 401(k) provider bank like fidelity or Suntrust or MassMutual or etrade or tdameritrade. Once you open an account with one of these banks, they will give you options on where you can invest your money...thay is the key factor, pick the bank that gives you more good options like vanguard funds which are good for investing. | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1443 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
obvious ga dabbul teesesaka malli market lo gains ela vastai aa dabbul meedha? nuvvu loan teesav ante either urgent matter or more yeilding investment meedha peduthunnav ane kadha... dont know if we have to pay any fees to the broker on these.. | ||
Rebel Hero Username: Rebel Post Number: 13285 Registered: 02-2008 Posted From: 159.45.71.21 Rating: N/A |
then 401k is not for u.. 401k - retirement 529 - kids education HSA - health | ||
Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7391 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
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Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 7390 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
realize that your 50K loan amount is no longer invested in the market and will not be making any gains market until you payoff the loan. it is a very bad idea to take loans against 401(k). | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1441 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
mari 401K enduku Sony? eppudo 70yrs tharvatha vadukovataniki eti vuntadhi mana life? kids education time or some health issue lo kavavi kadha | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1440 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
adhenti alaa?? for eg..I took 50K loan out of my 100K 401K assets... prime rate meedha konchem ekkuva vunna interest tho malli we pay back to our own account... ee 50K loan ki taxes pay cheyyam kadha.. we dont show this as income on year end returns right? | ||
Rebel Hero Username: Rebel Post Number: 13284 Registered: 02-2008 Posted From: 159.45.71.21 Rating: N/A |
if u want to pay tax twice then take a loan.. loan repay after tax amount tho chestav.. and u pay tax again when u withdraw from 401k when u retire.. | ||
Sony Megastar Username: Sony Post Number: 20410 Registered: 12-2006 Posted From: 170.48.19.254 Rating: N/A |
daniki 401k solution kaadu anukuntuna | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1437 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Avasaram ayinappudu loan manchi option ye kadha...esp when u want some lumpsum cash at some point in life... | ||
Sony Megastar Username: Sony Post Number: 20407 Registered: 12-2006 Posted From: 170.48.19.254 Rating: N/A |
index funds better ye kada.....loan enduku teesukovali anukuntunav | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1436 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Vanguard lo edithe stocks lo invest cheskune option vundadhu emo kadha..it only allows to invest in specific funds they have ...and they dont allow you to take loan from ur own 401K kuda | ||
Sony Megastar Username: Sony Post Number: 20403 Registered: 12-2006 Posted From: 170.48.19.254 Rating: N/A |
Hey Skoolmekk, Vanguard Index funds, Fidelity, prudential idi order | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1435 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Naa CPA kuda said same... Edhi better? Etrade/Fidelity/Ameritrade ??? what options we shud look for while selecting this? | ||
Gotcha Megastar Username: Gotcha Post Number: 20819 Registered: 02-2008 Posted From: 8.19.193.14 Rating: N/A |
fees enta. what is this sol 401k? This Andhra real estate is for sale. | ||
Maverick Legend Username: Maverick Post Number: 56661 Registered: 01-2008 Posted From: 108.171.130.188 Rating: N/A |
i have it in fidelity Happy Vizag | ||
Amaravathi Comedian Username: Amaravathi Post Number: 1434 Registered: 04-2015 Posted From: 65.170.103.234 Rating: N/A |
Ekkada baguntundhi? elaa select cheskovali?? jara seppandi... |
