| Author | Message | ||
Mahiz Junior Artist Username: Mahiz Post Number: 985 Registered: 10-2012 Posted From: 73.152.70.48 Rating: N/A |
FYI .. Creditkarma is doing taxes for free this year .. | ||
Aha Side Hero Username: Aha Post Number: 4328 Registered: 01-2011 Posted From: 170.136.110.10 Rating: N/A |
Yes, you can transfer 401k account to the new company.. The One and Only Veturi | ||
Mass Side Hero Username: Mass Post Number: 5832 Registered: 10-2014 Posted From: 74.118.96.34 Rating: N/A |
what is this question sis? | ||
Gudiwada Side Hero Username: Gudiwada Post Number: 2424 Registered: 02-2007 Posted From: 74.118.96.34 Rating: N/A |
Yes | ||
Jodhaa Legend Username: Jodhaa Post Number: 33668 Registered: 02-2008 Posted From: 104.129.196.81 Rating: N/A |
QQ..lets say if i open 401K account with oka finacial company..down the lane if i change my employer and valladhi 401K untey..can i club them both? | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5516 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
186k magi, after standard deduction, and 401k contributions reduce the income 36k 401k Contributions + standard deduction 15.6k + 186k = 237k income. possible for joint filers singles ayite I think magi is 112k. 112+7.8+18 ~ 137k idi kooda possible | ||
Xxx Hero Username: Xxx Post Number: 13002 Registered: 04-2009 Posted From: 149.168.132.16 Rating: N/A |
there are income limits for this .. rich db will not qualify for both , mango will qualify for regular 401k and roth ira to some extent , - | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5504 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
Yes, you can have both https://www.betterment.com/resources/retirement/401ks-and-ir as/can-you-have-a-401k-and-an-ira/ restrictions section lo undi. news to me is that not only Roth IRA, traditional IRA kooda pettochu "The 2017 contribution limit for a 401(k) is $18,000; $24,000 if you're 50 and over. Then you can also deposit up to $5,500 in a Roth or traditional IRA for 2017 ($6,500 if you're 50 and up). That’s the combined limit for both types of IRAs, by the way. You can't put, say, $5,500 each into an IRA and a Roth IRA. " | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 7035 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
are you sure? i read it sometime back that max allowed under regular 401(k) plus any traditional/roth is 18K only. you can divide money under whatever fashion but max can be this only. I used to have doubt how would they know or is it you can claim deduction of 18K only in taxes? the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Royal1234 Side Hero Username: Royal1234 Post Number: 2086 Registered: 12-2010 Posted From: 205.141.247.2 Rating: N/A |
so 60 yrs vachey daka. locked, then 10% fee to we get our money back or we will just avoid 10% fee, but pay taxes regardless | ||
Royal1234 Side Hero Username: Royal1234 Post Number: 2085 Registered: 12-2010 Posted From: 205.141.247.2 Rating: N/A |
Tax benefits A Rollover IRA is a type of Traditional IRA with the same potential tax-deferred growth of savings. Withdrawals 10% early withdrawal penalty may apply for withdrawals taken prior to age 59½ if no exceptions apply. Penalty-free withdrawals for qualifying first-time home purchase and certain college expenses Minimum required distributions (MRDs) starting at age 70½ Contributions Continue saving for retirement on a tax-deferred basis. | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5500 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
I think you can put 18k in 401k + 5.5k in Roth IRA per person if MAGI is less than 184 for joint income filing | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 7034 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
But your 200K can keep growing till 60 assumign you dotn take it out. So you continue minimal contributions say 100 per paycheck so another 48K+48K. its a diversification plan. you could invest them somewhere else. basically you have real estate (residential & commercial) stocks, mutual funds, etfs businesses retirement accounts education plans the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Gotcha Megastar Username: Gotcha Post Number: 27015 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
yes5 years ala untundi. ... | ||
Rasputin Megastar Username: Rasputin Post Number: 20965 Registered: 02-2008 Posted From: 208.54.80.166 Rating: N/A |
don't forget to keep an eye on any potential bonuses. Adjust your contribution accordingly. Ento IRS vaalla rules, confusing. 401k ki employer contribution does not count to limit But HSA ki employer contribution counts towards the limit For low income ppl, (career beginning), Roth 401k is also an option. 01/06/2012 - 169.4; 8/1/2013 - 182; 9/23/2016 - 185.8 | ||
Idiot1 Side Hero Username: Idiot1 Post Number: 4573 Registered: 07-2008 Posted From: 8.7.228.252 Rating: N/A |
inflation adjust chesthe 40 ki 200k 60 ki saripodemo | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 35095 Registered: 02-2009 Rating: N/A |
ycp , gotcha employer contribution is vested immediately ( I think based on no. of years being with company or something) | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 7032 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
one other approach is dont put more than 100K in total in 401K. either you cant take more than 50K loan. also if you already have 100K on your name and 100k on your spouse by the time you are 40, that fund will keep growing to provide stable retirement by the time you are 60. In the meantime, you can invest on other options. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 7031 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
end of th day make share your contribution is 18K. also check your company vested rules. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 7030 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
IRA + 401K kalipi 2016 ki 18K anukunta. For SEP IRA and Individual 401K(self 401K0, there is higher limit but its complicated. Lets says you work as independent contractor earned 100K, self 401K or Spe IRA typically is 20% for self owned or 25% for corporations. but its not 25% on 100K. it is only income. so if you put expenses and show income as only 70K. it will be only 14K. so please be aware of this. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Gotcha Megastar Username: Gotcha Post Number: 27013 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
no 18% kada undali, I don't think employer contributuion counts towards ur 18k. some employers contribute around 25% for 401k ante 100k ayite 25k valu estaru apart from contributing 6% of your contribution dollar or 50 cents ... | ||
Mahiz Junior Artist Username: Mahiz Post Number: 984 Registered: 10-2012 Posted From: 204.63.44.148 Rating: N/A |
Thanks  | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 35094 Registered: 02-2009 Rating: N/A |
xxx, TI thanks will change my contribution % | ||
Xxx Hero Username: Xxx Post Number: 12997 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
https://www.thebalance.com/what-age-can-funds-be-withdrawn-f rom-401k-2388807 I guess the age is 59 1/2 to avoid penalty and 70 1/2 for mandatory withdrawl - | ||
Andhrawala Legend Username: Andhrawala Post Number: 56631 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Invest in stock or mutual funds as u like. Nee tax bracket ni batti soosukoo 6K incoem thaggithee entha tax save avvudo soosi invest seyatameee No Signature | ||
True_indian Hero Username: True_indian Post Number: 13798 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
 both sources are different E and R sources ani untundi employee contribution, and employer contribution ani seperate untundi since your employer contribution has vesting schedule depends on company it might be aviable immediately vanguard has 4% immediate vesting and next 10% vesting is graded, 30% after 3, after 7 its 100% .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Xxx Hero Username: Xxx Post Number: 12996 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
nope .. - | ||
True_indian Hero Username: True_indian Post Number: 13797 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
ROTH IRA: is your after tax money, you only pay tax on growth Traditional: you get tax break in the front, so you have to pay 10% penaltiy in addition to tax if you withdraw before 70 .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 35093 Registered: 02-2009 Rating: N/A |
TI Max out lo employer contribution count awwadha | ||
True_indian Hero Username: True_indian Post Number: 13796 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
for long run, 401k is must first you save on taxes and if employer matches then its awesome people who have started 10 years back, have more than 250k in its for retirement, i recommend it with out fail i use to work for vanguard, we used to get 14% match so 14k every year for lot of people, when i left, i unnecessarily used it for business my friends who are working from there 2000 have 500k in their account vanguard funds are low expense and conservative good for long term fidelity funds are more aggressive .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71882 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
IRA open chesi 5.5K pedite 2.5K tax kattalsina avasaram vundadu antava ? Alage IRA money ela tesukovali or ela use cheyalo cheppu | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71881 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
hd office lo match cheyaru ani lite tesukunna, experts opinion and tax pay cheyalsi vastundi kabatti must anukuntunna... | ||
True_indian Hero Username: True_indian Post Number: 13795 Registered: 01-2008 Posted From: 143.165.48.50 Rating: N/A |
18% to max out 18k, you have put 18% right? .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 35092 Registered: 02-2009 Rating: N/A |
This year max limit is 18k Employer matches 100% of first 6% If I want to max out Salary say 100k My contribution needs to be 12% Is this correct | ||
Jodhaa Legend Username: Jodhaa Post Number: 33641 Registered: 02-2008 Posted From: 104.129.196.81 Rating: N/A |
bottomline enti? 401K ledhu naaku kooda..must aa? | ||
Andhrawala Legend Username: Andhrawala Post Number: 56626 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Purely tax saving kosam evvaru donate seyyaru. tax saving is a benefit. Helping kosam ano, maanchi peru kosamoo chesthaaru wife pernaa IRA 5.5K pettukoo. This can be done even if she is not working No Signature | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71880 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
2.5K katte daniki 8K bokka enduku ? | ||
Andhrawala Legend Username: Andhrawala Post Number: 56624 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
around 8K isthee 2.5K tax thagguddhii No Signature | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71878 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
Ivvatam Ok, entha iste 2.5K taguddo cheppu... | ||
Andhrawala Legend Username: Andhrawala Post Number: 56623 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
December 30th date tho mee voorlo Temple ki ivvocchu if u want u can give to temple in my city or I am involved with one charity . daaniki ivvu http://breshschool.org/ Bill tho enthainaa ivvocchu without bills antee okka 400-500 pettukocchu No Signature | ||
Rasputin Megastar Username: Rasputin Post Number: 20964 Registered: 02-2008 Posted From: 208.54.80.166 Rating: N/A |
Roth IRA, is after tax contribution. You can still contribute under 2016 limits until you file your 2016 tax returns. But, deenivalla nee tax liability emi thaggadu, coz Roth = after tax. 01/06/2012 - 169.4; 8/1/2013 - 182; 9/23/2016 - 185.8 | ||
Gotcha Megastar Username: Gotcha Post Number: 27012 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
yes year ki 5000 varaku fanam chesindi deduction lo kalpavachu kaani audit este receipts chupiyali ... | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71870 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
Edi ok, ipudu kuda cheyacha ? No, cheyanu No | ||
Gotcha Megastar Username: Gotcha Post Number: 27011 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
donations oka 1000 Tali tandrulani dependents kinda ikkada 2000 vastayi nyayabadam ga cheyakudadu Vyasayam meeda oka 1500 nastam ... | ||
Abhysg Legend Username: Abhysg Post Number: 35129 Registered: 08-2008 Posted From: 72.219.212.16 Rating: N/A |
how many 401k accounts ettukovachu... maa prev employer gadidi thokkalo options unde.. vadu ichina options lo annee bokkale tappa okka paisa ochedi lekunde.. mana own ga elte.. ishtamochindi pick cheskovacha..? | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71867 Registered: 04-2009 Posted From: 45.43.104.49 Rating: N/A |
Endo le, chaduvutunte confusion ekuva avutundi...Tax returns file cheddam ante 2.5K nanne kattamantunnadu....Nakestunnar motham..chuss.. DB experts em cheyalo cheppandi, 2.5K taxes ekottali ante...  | ||
Mahiz Junior Artist Username: Mahiz Post Number: 982 Registered: 10-2012 Posted From: 73.152.70.48 Rating: N/A |
401K ki contribute for the financial year 2016 , can i also contribute to ROTH IRA now, to pay less tax for the financial year 2016 ;) | ||
Twotown Side Hero Username: Twotown Post Number: 2777 Registered: 09-2016 Posted From: 208.54.80.210 Rating: N/A |
| ||
Twotown Side Hero Username: Twotown Post Number: 2776 Registered: 09-2016 Posted From: 173.241.124.18 Rating: N/A |
Super .. employer option 401k waste anukune vaadini .. Now got some basics .. thankeses | ||
Andhrawala Legend Username: Andhrawala Post Number: 56619 Registered: 03-2008 Posted From: 136.56.13.159 Rating: N/A |
2017 money nuvvu ippatnunchi 2018 APril lopu pettukocchu No Signature | ||
Twotown Side Hero Username: Twotown Post Number: 2775 Registered: 09-2016 Posted From: 208.54.80.210 Rating: N/A |
Thanks vunkle .. very well briefed .. | ||
Andhrawala Legend Username: Andhrawala Post Number: 56618 Registered: 03-2008 Posted From: 136.56.13.159 Rating: N/A |
Yearly 5500 pettukocchu. Por example 2016 taxes lo exemption kosam April 15th lopu u can put 5500. paisalau vunte u can keep another 5500 so total 11K deposit chesi u can open IRA account at Fidelity or Vangaurd or whatever. With that money u can invest eithe rin stocks or any mutual funds https://www.fidelity.com/retirement-ira/contribution-limits- deadlines No Signature | ||
Sony Legend Username: Sony Post Number: 33539 Registered: 12-2006 Posted From: 73.17.60.143 Rating: N/A |
vanguard index fund is good way to start with....also those 2045/2050 portfolios are good maa wife di simillar funds unnayi so managing | ||
Xxx Hero Username: Xxx Post Number: 12986 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
asdf , warrior , ustad, jasla may suggest some , naaku very limited knowledge in picking stocks/funds - | ||
Saint Legend Username: Saint Post Number: 66836 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
for now I choose money market fund as I dont know which fund to choose... ma vaadi danto ivi vunnayi... http://imgur.com/a/SlF24 anni funds lo max 15% ye vundi... | ||
Xxx Hero Username: Xxx Post Number: 12985 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
what is your picks in investment , mav got 36% return last year , share your investment ( funds you put money) in if possible - | ||
Gotcha Megastar Username: Gotcha Post Number: 27000 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
kaadu le ... | ||
Saint Legend Username: Saint Post Number: 66835 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
ok max peduthnna ee year chooddam...etla vutnadoo.. | ||
Xxx Hero Username: Xxx Post Number: 12984 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
10% i guess - | ||
Rebel Hero Username: Rebel Post Number: 15335 Registered: 02-2008 Posted From: 159.45.129.9 Rating: N/A |
>>so i wont be surprised if u never heard it. nice..just google'd..we learn a new thing every day.....nuvvu ceo range anukunta to qualify for this plan | ||
Amigo Side Hero Username: Amigo Post Number: 3972 Registered: 05-2011 Posted From: 144.160.226.93 Rating: N/A |
If your total income is 30K what will be the tax? maybe nothing looking at the lower bracket | ||
Xxx Hero Username: Xxx Post Number: 12982 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
18k you put in 401k , two options .. 1. You don't pay taxes , it goes directly into 401k 2. You pay taxes, it is roth , and while withdrawing you pay no taxes, for the first you pay taxes at the time of retirement Your money is stuck , untill you retire mostly .. 59 1/2 or above, don't know the exact rules ( most say 10% penality + taxes as required) - | ||
Gotcha Megastar Username: Gotcha Post Number: 26999 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
kaadu non qualified plan is not offered for all full time employees so i wont be surprised if u never heard it. ... | ||
Xxx Hero Username: Xxx Post Number: 12981 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
you pay on what you withdraw , that is your income, If it is in roth , then you don't pay the taxes, but 10% penalty - | ||
Rebel Hero Username: Rebel Post Number: 15334 Registered: 02-2008 Posted From: 159.45.129.9 Rating: N/A |
>>naa lanti full time employee use 401k for children education funding ala evaru vadaru annay..education ki 529 plan undi..401k works best for retirement purpose | ||
Saint Legend Username: Saint Post Number: 66834 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
to earn 100k u need to have gross 130k right? this 100k is after tax money... | ||
Gotcha Megastar Username: Gotcha Post Number: 26998 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
PMI badulu u can always borrow 401k. full time employees vs consultnat ki chebutuna consultant ki very good option as they dont save and they do not get any constribution so save 70K and borrow 50k. consultant is not trying to make money out of his 401k but just borrowing it. naa lanti full time employee use 401k for children education funding, naa lanti seniors ki option undi non qualified option in 401 where I can withdraw before i retire i use that account for children education ante i will contribute and withdraw during my childs education which is even before retirement and without penalty. ... | ||
Xxx Hero Username: Xxx Post Number: 12980 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
this is the most confusing part. 1. I take money out of 401k (no tax paid), 100k for example and those are like after tax money to me 2. I pay back to 401k with after tax money .. only part is paying the 4% interest , which is after tax money , I will pay 104k , so I have to pay taxes on 104k .. , effectively the 4k tax is not that bad) - | ||
Saarang Hero Username: Saarang Post Number: 14630 Registered: 06-2012 Posted From: 172.58.33.188 Rating: N/A |
Even if you move to another country, worldwide income meedha tax kattali if you have GC. | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4711 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
In ALL cases, you will have to pay taxes on your 401K money. Can't avoid it.. | ||
Xxx Hero Username: Xxx Post Number: 12979 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
1. You should be able to make more than the bank interest on your 401k 2. You will pay 4% interest on the loans back to yourself , this is where you are paying after tax dollars so .. assume you got 2.5 % only interest Adding 1 and 2 , ( mortage bank intrest is 4 % and 2.5 % you paid to yourself, 6.5% ) Your returns on 401k should be greater than 6.5 % atleast every year. ---- Also this will be useful for ones who does not have 20% down payment , can save the PMI money too - | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4710 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> u can withdraw 30-40k per year right? tax kattakunda vunde laaga... 30K-40K per year withdrawal will count towards your income and you have to pay taxes on that + 10% penalty... | ||
Saint Legend Username: Saint Post Number: 66833 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
u can withdraw 30-40k per year right? tax kattakunda vunde laaga... | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4709 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> say you put all in 401k for 10 years and have about 250k(after growth etc_.. you want to go to india..and in that case your US income the next eyar is 0$. can you just withdraw then and pay 0% tax(as there is no income) and just penalty and walk out with ur retirement amount by payin just 10% penatly? Mav: 250K will be your income for that year. So, you will have to pay taxes on that 250K income + 10% penalty.. | ||
Saint Legend Username: Saint Post Number: 66832 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
money market fund ante manaki stocks padathayi annappudu induloki movie chesi kurchukunte mana money safe aa? | ||
Xxx Hero Username: Xxx Post Number: 12978 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
got it .. useful if you have roll over funds .. good to know - | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4708 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> very very very bad idea.. >>>>> why? Ramanayam anthaa vini raamudiki seetha emavuddi ani adigaandanta evado... | ||
Maverick Legend Username: Maverick Post Number: 63223 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
as for 401k withdrawls, correct me if i am wrong.. say you put all in 401k for 10 years and have about 250k(after growth etc_.. you want to go to india..and in that case your US income the next eyar is 0$. can you just withdraw then and pay 0% tax(as there is no income) and just penalty and walk out with ur retirement amount by payin just 10% penatly? Happy Vizag | ||
Saarang Hero Username: Saarang Post Number: 14629 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
You cannot use funds from your current 401-k but past employer 401-k nundi you can roll over into these. I have seen full time employees do it. | ||
Saint Legend Username: Saint Post Number: 66831 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
http://imgur.com/a/SlF24 vetilo edi best? funds switch cheshte fees vuntada? | ||
Xxx Hero Username: Xxx Post Number: 12977 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
why ? we need to consider all options .. you are paying the interest to yourself - | ||
Xxx Hero Username: Xxx Post Number: 12976 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
you are taking a loan and repaying it .. different things aanukunta - | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4706 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> you borrow loan from 401k for house very very very bad idea.. | ||
Xxx Hero Username: Xxx Post Number: 12975 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
https://en.wikipedia.org/wiki/Solo_401(k) if this is the same , most of the full time employees will not have the option - | ||
Rebel Hero Username: Rebel Post Number: 15333 Registered: 02-2008 Posted From: 159.45.186.41 Rating: N/A |
oka secret cheppana - best thing u can do financially is contributing to 401k..ee mukka 2008 lo db id create cheskunappati nunchi cheptunna.. employer contribution or not doesn't matter..cheste oka 3-6% extra vastay | ||
Couragebabu Junior Artist Username: Couragebabu Post Number: 101 Registered: 01-2013 Posted From: 167.246.61.3 Rating: N/A |
question: Say if you max out 401k contribution every year and you borrow loan from 401k for house, malli daani repay ela cheyyali, coz max limit is 18K and you are already max out your contribution kada... please explain this | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4705 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> that happened only after 2012 and depends on how good you are in investmen No. My 401K has 11% growth in the last 15 years! I am a novice in investing. >> You are paying to mortgage as after tax dollars right ? You are getting tax free dollars and paying after tax .. Think. In case of 401K loan, you are paying before-tax loan with after-tax money. In regular loans, you are paying after-tax loan with after-tax money. big difference.. | ||
Saarang Hero Username: Saarang Post Number: 14627 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
This is what I was talking about: http://www.irafinancialgroup.com/401kpurchaserealestate.php | ||
Xxx Hero Username: Xxx Post Number: 12974 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
that happened only after 2012 and depends on how good you are in investment 8% if possible me suggest what is investment strategy ------------------------------------------------------------ - 2) Loans are repaid with after-tax dollars. So, you are repaying your loan with after-tax money and your money will be taxed again after retirement. Double taxation! You are paying to mortgage as after tax dollars right ? You are getting tax free dollars and paying after tax .. 3) If you lose a job after borrowing, you have fully repay the loan in 60 days this is the most important clause, how will you repay it if you don't have a job - | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4704 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> u might some tax deduction for principle repayment... No chance. | ||
Saint Legend Username: Saint Post Number: 66830 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
ee loan repayment ina after tax dollars thone kada? u might some tax deduction for principle repayment... | ||
Bullabbai Junior Artist Username: Bullabbai Post Number: 454 Registered: 09-2013 Posted From: 173.62.207.115 Rating: N/A |
Although you are self employed, this 25% is employer contribution..Its showed as expenses on your company books. In addition to that, can you contribute as employee? | ||
Saarang Hero Username: Saarang Post Number: 14626 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
Yes, all income from that investment goes back into the account. | ||
Saint Legend Username: Saint Post Number: 66829 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
yes idi miss ayya....!!ikkada balance ipoyindi... | ||
Saint Legend Username: Saint Post Number: 66828 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
please explain more.. | ||
Maverick Legend Username: Maverick Post Number: 63222 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
wife and husband can do 36k in 401k straight savings Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 63221 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
the interst goes back to ur account kada Happy Vizag | ||
Xxx Hero Username: Xxx Post Number: 12973 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
ira lo 5.5k only right ? 401k limit is 18k and you can do both until certain limit in salary ? 401k is employer sponsored , ( may or may not sponsor money) - | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4703 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
Taking loans from 401K doesn't make sense to me at all.. 1) You will get approximately 8% return on your 401K. Why would you lose 8% returns, when you can take the same loan from a bank with much lesser interest rate? 2) Loans are repaid with after-tax dollars. So, you are repaying your loan with after-tax money and your money will be taxed again after retirement. Double taxation! 3) If you lose a job after borrowing, you have fully repay the loan in 60 days! | ||
Maverick Legend Username: Maverick Post Number: 63220 Registered: 01-2008 Posted From: 108.171.130.187 Rating: N/A |
you can also use 401k to avoind a foreclosure (penalt free) Happy Vizag | ||
Saint Legend Username: Saint Post Number: 66826 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
no matching from employer ithe? | ||
Saint Legend Username: Saint Post Number: 66825 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
ee logic beebatsam ga vundi.... House ki downpayment if u pay 20k after taxes, it is equivalent to 28k in 401k... ade 50k ithe, 401k lo 70k annattu.. | ||
Gotcha Megastar Username: Gotcha Post Number: 26997 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
read as avunu in red dots from my previous post ... | ||
Saarang Hero Username: Saarang Post Number: 14625 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
No...its self directed investment that allows you to invest your 401-k as you wish instead of investing into a template from the brokerage. | ||
Gotcha Megastar Username: Gotcha Post Number: 26996 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
••••• r paying urself the 4% interest which will go back to 401k. ... | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4702 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
>> IRA vs 401k edi better? 401K ==> Free matching money from your employer IRA ==> NO Free money | ||
Gotcha Megastar Username: Gotcha Post Number: 26995 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
dont post wrong info bro. 401k lo u can always borrow money 50k maximum ade house ki ayite repayment can be for 30 years. only drawback if u borrow from 401k is u have to be working, job loose ayite u have to pay back that loan in a month or so or then they will tax the 10% penalty. ... | ||
Gotcha Megastar Username: Gotcha Post Number: 26994 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
there is a law for 401k, if u use the money for ur primary house it can be repaid in 30 years migata anni purposes ki anni years ivadu. so say u have 100k in 401k, 50k varaku borrow cheyavachu on 401k at any time, so 50k ki u will pay 4% interest and that amount would not be invested in stocks. ee 50k nuvvu save chesi housing ki down payment cheyali ante u have to save 50k after paying tax ade 401k ayite u save 30k in tax and need to save only 70k to get the 50k ... | ||
Xxx Hero Username: Xxx Post Number: 12972 Registered: 04-2009 Posted From: 172.72.87.25 Rating: N/A |
Is it taking a loan on your 401k , paying interest to your account ? - | ||
Saarang Hero Username: Saarang Post Number: 14624 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
401k ni roll over chesi...you can buy properties. Kontha mandhi ala chestaaru...koncham complex transaction but its possible....instead of investing in stocks you are investing in the property...all the rents and sale proceeds will go into the 401-k and expenses will be paid from that account. Basically, the 401-k account appears as the owner of the property on title. Intha paperwork gola enduku ani light teesukunna...also it will keep investments diversified. | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71864 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Paidi enti mari, borrow ante malli kattala 401K ki ? | ||
Rajusk Legend Username: Rajusk Post Number: 53078 Registered: 02-2008 Posted From: 170.74.231.5 Rating: N/A |
if it reduces your tax burden go for it.. else ..vere daari soosukondi.. endukante you will have freedom to invest and exit.. 401k lo you are kind of stuck until retirement to withdraw without penalties.. | ||
Gotcha Megastar Username: Gotcha Post Number: 26993 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
yes maximum petteyi. IRA lo u cant borrow money for home for 401k u can so if u r planning to buy house 401k lo peteyyi. ... | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5488 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
no koschen IRA. you are free to trade anything you want | ||
Saint Legend Username: Saint Post Number: 66824 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
IRA vs 401k edi better? | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5487 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
I don't think so. Interest doesn't feed into principle anywhere | ||
Saint Legend Username: Saint Post Number: 66823 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
aa penalty kooda nee 401k ke add chestharemo kada? also what ever interest u pay on the 401k loan, will be added to ur 401k..is this true? | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5486 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
401k home payment vadite, you'll get 10% penalty | ||
Twotown Side Hero Username: Twotown Post Number: 2772 Registered: 09-2016 Posted From: 207.244.66.70 Rating: N/A |
babailu C2C ki 401K dummies type lo brief cheyandi evaraina ... | ||
Saint Legend Username: Saint Post Number: 66822 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
India ki pampindi kooda stocks or real estate lo etti vunte, u wud have made a killing...India returns are much higher than 401k returns | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5485 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
it's not about returns now, but loss of returns from 10years ago, compounded 2012 lo, I lost 30-40% in exchange rate on money sent to India. aa money bank lo kakunda, 401k lo petti unte, would've made a killing during market rally of 2012-15 | ||
Saint Legend Username: Saint Post Number: 66819 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
enti withdraw sethe aa year gross lo kalipi tax vesthada? idi 401k nunchi loan kada..eyyadu anukunta.... | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 3507 Registered: 03-2014 Posted From: 166.137.90.55 Rating: N/A |
I'd say put as much as you can afford. Ippudu 401k lo kuda Chala low fee ETF investment options vunnayyi..right away you can reduce taxable income | ||
Saint Legend Username: Saint Post Number: 66818 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
pettaka vatini ela manage cheyyali? maximum returns entha expect cheyyochu per year? | ||
Saint Legend Username: Saint Post Number: 66817 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
anthe antava? ok max pettala? | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 71863 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Clear ga cheppandi. 401K ni home down payment ga kadite, 401K lo vunna amount ki tax kattakrleda ? | ||
Twotown Side Hero Username: Twotown Post Number: 2770 Registered: 09-2016 Posted From: 207.244.66.70 Rating: N/A |
annai nee 3 point lingo ardham kaledu... me badugu c2c , HD kudaa same to same... ippudu cheppandi , ela proceed kavali.. | ||
Andhrawala Legend Username: Andhrawala Post Number: 56617 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
16K pedithe approximate 4k u save in tax and withdraw teh amount in a phased manner once retired My guess isntead of putting all monies in Indian real estate or stock market the 401K is kind of different basket anukoni munduku vellatamee No Signature | ||
Gotcha Megastar Username: Gotcha Post Number: 26991 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
saint neeku best enduku ante nee salary cap tagutundi, u cna borrow from it for house loan and will be same like house down payment with out PMI. instead of saving for housing u contribute to 401k and u cna maximum borrowhalf of it(maximum 50k) ... | ||
Andhrawala Legend Username: Andhrawala Post Number: 56616 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
If u are W2 employee, u can join the 401K of the employer if not u own ur S corporation u cna have SEP-IRA and contribute upto 25% of ur salary if not u can do IRA and put around 6K for u and 6K for spouse even if she is not working No Signature | ||
Saint Legend Username: Saint Post Number: 66815 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
enduku crying? what r the returns on 401k? what is % of tax u r going to save?
I am interested to know ur perspective ...investor perspective lo if u can generate more returns, 401k waste anipisthad? | ||
Saarang Hero Username: Saarang Post Number: 14623 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
True...after 62 years emo without penalty withdraw cheyyochu....but naa doubt what if we have income in retirement or never retire anedhi...30 years later mana parisththi ela untundho eppudo cheppatam kastam ani. Anyways started maxing from last year. | ||
Twotown Side Hero Username: Twotown Post Number: 2769 Registered: 09-2016 Posted From: 207.244.66.70 Rating: N/A |
ela,ekkadaa,eppati nunchi cheyochchu ? please brief me vunkles... | ||
Spy_india Hero Username: Spy_india Post Number: 11606 Registered: 02-2008 Posted From: 206.29.176.76 Rating: N/A |
hmmm oka doubt .. appudu retire ayyaka regular yrly salary undakapote . anta kattakkarelemo gaa Tax compare to right now ? | ||
Saarang Hero Username: Saarang Post Number: 14622 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
Tax savings untayi ani maxing out 401-k strongly recommend chestaaru. Nenu future lo ayina kattalsindhe kadha ani only employer match daakane chesevaadini. Naa lekka future lo tax lu peragatame kaani taggatam undadhu...so ippude kattesthe oka pani ayyipotundhi ani. My cousin who is much elder to me thinks its a bad idea...and i will regret it later. | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5484 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
No, not a waste. Nenu ante anukuni oka 10years cheyaledu, ippudu crying always better to put max into 401k when you're earning | ||
Sanju Side Hero Username: Sanju Post Number: 4807 Registered: 02-2008 Posted From: 208.178.195.218 Rating: N/A |
Rep gallu 401k ney lepeddam ani choosthunnaru kada? Saving and investing wisely best emo ippudu | ||
Andhrawala Legend Username: Andhrawala Post Number: 56612 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
chesyyocchu Me doing it. Just to go to lower tax bracket by maxing out. No Signature | ||
Saint Legend Username: Saint Post Number: 66813 Registered: 01-2011 Posted From: 144.230.191.36 Rating: N/A |
employer contribution leka pothe, 401k lo invest cheyyocha? waste aa? |