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401K employer not matching.. is it wo...

Chalanachithram.com DB » New TF Industry Related » Archive through December 28, 2016 » 401K employer not matching.. is it worth it ? « Previous Next »
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Gotcha
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Username: Gotcha

Post Number: 26531
Registered: 02-2008
Posted From: 73.215.71.191

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Posted on Tuesday, December 27, 2016 - 04:46 pm:       

If ur salary is 100k, u contribute 18k to 401k so you are saving 6k in taxes
Now if u dont have a house u can borrow on ur 401k half of it till 50k so tax save chedi still u borrow it for ur house so u should go for 401k to max if ubdont have a house
...
 

Amaravathi
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Post Number: 11029
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Posted on Tuesday, December 27, 2016 - 02:41 pm:       

What is ur motive to save in 401K?

deeni answer ni batti endulo ettukovali anedhi seppochu...

for eg...Tax savings ithe... do Traditional 401K/IRA savings which are before tax..and will be available for distribution at retirement ..

fo eg.. Tax savings akkarledhu...growth meedha tax kattatam istam ledhu anukunta...Roth lo invest seyyurri...

In any case, do savings for retirement
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Chiru_fan
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Username: Chiru_fan

Post Number: 26333
Registered: 04-2008
Posted From: 136.56.15.57

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Posted on Tuesday, December 27, 2016 - 02:31 pm:       


Rasputin:

18k



lock karlo
CHIRU - SACHIN - FEDERER
 

Rasputin
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Username: Rasputin

Post Number: 20905
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Posted From: 172.56.4.84

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Posted on Tuesday, December 27, 2016 - 02:27 pm:       

Roth IRA $5500 anukuntaa max limit. 401k is a lot higher, probably 18k anukuntaa need to check IRS website
01/06/2012 - 169.4; 8/1/2013 - 182; 9/23/2016 - 185.8
 

Aggipidugu116
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Username: Aggipidugu116

Post Number: 2760
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Posted on Tuesday, December 27, 2016 - 02:17 pm:       

How much can we contribute to rothIRA per year? Is it same limit as 401? RothIRA is after tax right?
 

Rasputin
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Username: Rasputin

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Posted on Tuesday, December 27, 2016 - 02:14 pm:       

Contribute to Roth IRA first. Then up to you about how much you want to contribute for 401k to reduce taxable income.

Usually this is recommended. Since, there is no match skip step 1.
1. 401k until employer match
2. Roth IRA
3. Contribute to 401k, nee opika up to max limit
01/06/2012 - 169.4; 8/1/2013 - 182; 9/23/2016 - 185.8
 

Chantichanti
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Username: Chantichanti

Post Number: 1862
Registered: 08-2008
Posted From: 205.204.248.88

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Posted on Tuesday, December 27, 2016 - 02:08 pm:       

Evarikanna konchem idea vunte.. ikkada opinions pettandi

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