| Author | Message | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 36856 Registered: 02-2009 Rating: N/A |
@mekk it is 4k per account(per child) two kids unna 8k is high amount but you could pump in more $$ as kid moves up to high school and closer to college prospectus lo aggressive, moderate etc. different plans untaayi I put 25% aggressive rest in moderate per monthly contribution
polly, yes lot of ppl took a hit in the 2008 recession like 401k, many 529 numbers came down crashing many plans have been restructured lets say you open in first grade ...plans will invest in securities heavily during initial years as your contributions (and possibly gains) accumulate over the years, the plans divert the money to bonds and other low risk low return stuff this way market correction does not impact you significantly when you are ready to withdraw this has become a huge business opportunity for asset managers in recent years many states have either moved their plans to better fund managers , so that they can keep attracting investments for lot of desis , it might not be the sole investment one is doing for kids education any point of time , there are umpteen others like RE, actively managed stocks and stuff this is a good option ani naa yokka opinion you can also transfer unused funds to siblings or even grand kids or your own education if you have 2 kids, and 1st kid did not use the money, transfer to second (Message edited by humpty_dumpty on September 19, 2017) | ||
Amaravathi Hero Username: Amaravathi Post Number: 14157 Registered: 04-2015 Posted From: 208.68.150.10 Rating: N/A |
OK. ithe urgent ga register avvali inka Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !! | ||
Andhrawala Legend Username: Andhrawala Post Number: 62743 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Aggressive, Moderate, Bond funds ani vuntaayi. nee risk apetite ni batti ptettukotam antheyyy No Signature | ||
Amaravathi Hero Username: Amaravathi Post Number: 14155 Registered: 04-2015 Posted From: 208.68.150.10 Rating: N/A |
lets do the math: VA deductions upto 4K vested in the year... state tax rate 6% eskunte, 4000*6/100 = $240 yearly tax saving ... is this correct? and, mana principal ni ekkada invest chestaru? how is the growth prospect of it? Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !! | ||
King Side Hero Username: King Post Number: 2703 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
no deductions on federal only on state (if your state has tax). Nenu kuda anduke pettaledu (assuming, I can manage better) but now realized the mistake. | ||
Amaravathi Hero Username: Amaravathi Post Number: 14154 Registered: 04-2015 Posted From: 208.68.150.10 Rating: N/A |
529 meedha tax deduction ledhu ani innallu pettaledhu dabbul... chass tax deduction only on VA tax returns meedhena? not on Federal? for eg...ee year nen 10K VA529 plan lo este, entha deduction istadu 2017 tax filing lo? Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !! | ||
Polavaram Comedian Username: Polavaram Post Number: 1199 Registered: 08-2016 Posted From: 66.87.72.46 Rating: N/A |
Strictly for not ornaments anedhi rule pettukunte gold ni beat chesedhi ledhu Again thats my opinion matrame  NTR-Vajpayee Polavaram Irrigation Project | ||
Polavaram Comedian Username: Polavaram Post Number: 1198 Registered: 08-2016 Posted From: 66.87.72.46 Rating: N/A |
Naakunna 401k, 529, roth knowledge tho chebuthunna 100% investment on stock market ante that too kids education money ante Its upto you guys le kaani Naatjo agree ayina disagree ayina Just my two gold bikkis NTR-Vajpayee Polavaram Irrigation Project | ||
King Side Hero Username: King Post Number: 2702 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
if intersted in gold, buy ETF's which track gold. Dont buy physical unlerss you use. Self experiance tho chebutunna. Wasted around 10-15K | ||
Polavaram Comedian Username: Polavaram Post Number: 1197 Registered: 08-2016 Posted From: 66.87.72.46 Rating: N/A |
If we are planning to contibute upto 10k per year My idea: 6k in 529 - 4k in bikkis ( buy low and buy high ) NTR-Vajpayee Polavaram Irrigation Project | ||
Gochi Side Hero Username: Gochi Post Number: 2968 Registered: 12-2006 Posted From: 159.53.78.144 Rating: N/A |
I started a year back,PA 529...my kid is in 4th grade now, inkoka 8 years undi college ki, aiming to have atleast 100k in the account if both me and wife have jobs for the next 8 years... | ||
Rebel Hero Username: Rebel Post Number: 16348 Registered: 02-2008 Posted From: 159.45.22.6 Rating: N/A |
401k - for ur retirement 529 - for ur kids education 1st 401k then 529 preferably both...u can take loan for ur kids education but not in retirement | ||
Siloan Legend Username: Siloan Post Number: 51834 Registered: 03-2008 Posted From: 132.174.20.41 Rating: N/A |
ok | ||
King Side Hero Username: King Post Number: 2701 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
both | ||
Siloan Legend Username: Siloan Post Number: 51833 Registered: 03-2008 Posted From: 132.174.20.41 Rating: N/A |
401k better or idhi ? | ||
Rebel Hero Username: Rebel Post Number: 16347 Registered: 02-2008 Posted From: 159.45.22.6 Rating: N/A |
>>remaing 40% in gold bikkis dani badulu mancham kinda cash dachuko | ||
King Side Hero Username: King Post Number: 2700 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
pette 500 ki inka diversification enti..that too for long term. | ||
Polavaram Comedian Username: Polavaram Post Number: 1196 Registered: 08-2016 Posted From: 66.87.72.46 Rating: N/A |
Diversification better emo like Invest 60% in 529 plans remaing 40% in gold bikkis not ornaments NTR-Vajpayee Polavaram Irrigation Project | ||
Nepatriot Comedian Username: Nepatriot Post Number: 1299 Registered: 11-2013 Posted From: 147.85.172.6 Rating: N/A |
you can schedule auto withdrawal from bank account/ paycheck deduction directly.. who ever runs payroll like adp/paychex will direct deposit.. | ||
Andhrawala Legend Username: Andhrawala Post Number: 62734 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
I started only in 2010 appatidaakaa, US lo vuntaano leka desam velthaano theleedhu Me planning for Public University. PU lo yearly expense is 25K. So 4 years meedhaa 100K vundaali if staying in dorm. Next year velle kid ki okka 100K and 6-7 years tharuvaatha college ki velle kid ki if in PU okka 130K is reasonable. ekkuva save cheyagaligithe better anyday No Signature | ||
King Side Hero Username: King Post Number: 2699 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
ok..opened Vanguard 529 administered by Nevada. After initial funding, I dont see monthly automated funding option. May be need to wait for my account to be approved. Thank you guys. | ||
Hero Hero Username: Hero Post Number: 10951 Registered: 09-2009 Posted From: 38.101.193.194 Rating: N/A |
annai 25k very less kada...minimum 150k per kid ..undali 300k per kid unte better annad ..ok financial guru | ||
Hero Hero Username: Hero Post Number: 10950 Registered: 09-2009 Posted From: 38.101.193.194 Rating: N/A |
it will reduce the amount... 529 lo pettakapoyina...reduce avutundi kada..lets say you have 1 million dollar home and dont have 529 ...you still have same effect | ||
Mamamiya786 Megastar Username: Mamamiya786 Post Number: 20936 Registered: 06-2008 Posted From: 69.109.128.225 Rating: N/A |
Its not true, antunnaru ... Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt. Jagan|Modi| | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 10521 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
college time ki 70-80K for each kid vachetatu putting money 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 | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 5007 Registered: 03-2014 Posted From: 129.135.0.21 Rating: N/A |
Andhrawala babai, do you know that 529 money will reduce the amount of aid you are going to get from the college? | ||
Andhrawala Legend Username: Andhrawala Post Number: 62724 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
vaadu kocchu. He has has some listed institutions. otherwise earnings ki okkate kathaa tax kattedhii No Signature | ||
Monk Comedian Username: Monk Post Number: 1356 Registered: 10-2013 Posted From: 155.98.164.38 Rating: N/A |
annai oka vela future lo india vellipothe ee money akkada kids education ki vadukovocha ? Tracking vunna chota week tracking leni chota stronge………. | ||
King Side Hero Username: King Post Number: 2698 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
move over..you have competition. | ||
Andhrawala Legend Username: Andhrawala Post Number: 62721 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
i contributed monthly $200 per kid.maa papa next year velthundhi college ki. By that time her acc balance will be 25K. one year ki vasthundhii No Signature | ||
Humpty_dumpty Moderator Username: Humpty_dumpty Post Number: 36855 Registered: 02-2009 Rating: N/A |
started VA 529 2 yrs ago tax deduction undhi for VA residents see more @ https://www.virginia529.com/new-savers/tax-advantaged/ doing monthly 300 for older (4th) 200 for younger (KG) going with couple of plans they suggested, i could do more or less or better mgmt...but since I am Prince of Procrastination ...it's on back burner along with a lotta others lol | ||
Mamamiya786 Megastar Username: Mamamiya786 Post Number: 20935 Registered: 06-2008 Posted From: 69.109.128.225 Rating: N/A |
tax break emundi ...you pay from your pocket ..after tax ... earning meeda tax vundadu kada... GA-529 teesukunna...inka amanna vere plans vunnaya.. Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt. Jagan|Modi| | ||
Hero Hero Username: Hero Post Number: 10948 Registered: 09-2009 Posted From: 38.101.193.194 Rating: N/A |
i went with New York 529 plan | ||
Rebel Hero Username: Rebel Post Number: 16345 Registered: 02-2008 Posted From: 159.45.22.6 Rating: N/A |
started with age based and doing self managed now. when I did research it always came up as one of the best. ipudu several other plans have low ER's as well. entha veyyagaligithe antah veyyi..u might need 300K per kid for grad+undergrad if no scholarships...nenu didn't contributed much yet. | ||
King Side Hero Username: King Post Number: 2697 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
late realization. Always thought, 529 is not for me as I dont get any tax break. | ||
King Side Hero Username: King Post Number: 2696 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
what was the tilting factor. BTW did you do age based or self managed? Oka 10K each tho start chedam anukontunna . How much do you guys contribute monthly per kid? | ||
Rebel Hero Username: Rebel Post Number: 16344 Registered: 02-2008 Posted From: 159.45.22.6 Rating: N/A |
I went with utah | ||
Jai_ycp Hero Username: Jai_ycp Post Number: 10519 Registered: 04-2015 Posted From: 100.36.224.18 Rating: N/A |
save something rather than nothing. 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 | ||
King Side Hero Username: King Post Number: 2694 Registered: 08-2013 Posted From: 66.128.17.123 Rating: N/A |
I think this was discussed t death. I dont get any tax break and looks like I am late to the party but late than never. Any suggestions between Utah vs Nevada Vanguard. I think I wont be saving much by the time kids go to college based on my would be contributions kakapthe atleast one yae ki vachina vachinatle ani. |