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Tax Reform and 401k

Chalanachithram.com DB » New TF Industry Related » Archive through October 27, 2017 » Tax Reform and 401k « Previous Next »
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Biggboss
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Posted on Wednesday, October 25, 2017 - 07:19 pm:       


Rocketk2:

continued to warn against tampering with 401(k)s.




It will be interesting to see how the stock market performs after you get rid of the 401k and ecourage everyone to do Roth 401k

most of the Target year funds anni domestic stocks lo invest chesthayi...naa laanti vaadu contributing to 401k only to reduce my tax burden...ilanti middle class entha mandhi undochu US lo
 

Rocketk2
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Posted on Wednesday, October 25, 2017 - 07:00 pm:       

First part makes sense.. second part ardham enti?? How can he negotiate after saying this?!! When you say 401k is not on table, why would anyone even negotiate..!!!? Is it on table or not??

http://www.politico.com/story/2017/10/25/state-local-tax-ded uction-kevin-brady-244149

Trump, who blasted out his tweet on Monday after news reports about the issue, continued to warn against tampering with 401(k)s.

"I wanted to end that quickly," he told reporters Wednesday. "401(k)s, to me, are very important, and they're important because that's one of the great benefits to the middle class. I didn't want that to go too far. That's why I ended it very quickly."

Asked about Brady's comments that the issue could still be on the table, Trump said: "Well, maybe it is, and maybe we'll use it as negotiating. But trust me. That's one of the great things. You know, there are certain elements of deals you don't wanna negotiate with. 401(k)s - and Kevin knows it, and I think Kevin Brady is fantastic, but he knows how important 401(k)s are."
 

Aggipidugu116
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Posted on Tuesday, October 24, 2017 - 10:11 pm:       

Final ga emi telcheru?
 

Fargo
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Posted on Tuesday, October 24, 2017 - 04:12 pm:       


Rgb:

Trump cheppaduga no changes


aaadu atta septhene froblem...shitkelladam ayipoyaka marchestaadu decision
 

Cheenu
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Username: Cheenu

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Posted on Tuesday, October 24, 2017 - 10:45 am:       


Bullabbai:



Thank you Bhaiyya
 

Bullabbai
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Posted on Tuesday, October 24, 2017 - 09:40 am:       


Cheenu:




If you are not in need of money, you can leave and let it grow OR withdraw some part every year to avoid paying income tax..

say 10K every year... you have to pay 1K (10%) as penalty. And no income tax as its below the taxable bracket. This should be your strategy.
 

Cheenu
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Posted on Tuesday, October 24, 2017 - 09:25 am:       

Question: I am planning to leave to India.
Is it advisable to with draw my IRA amount or should just keep here and let it grow,
It’s a regular IRA btw
 

Alochinchu
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Username: Alochinchu

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Posted on Tuesday, October 24, 2017 - 09:08 am:       


Rgb:

you cannot contribute a employee. But employer can contribute so that total is $54K. This works if you register a corporation




Compensation limit for contributions

Remember that annual contributions to all of your accounts - this includes elective deferrals, employee contributions, employer matching and discretionary contributions and allocations of forfeitures to your accounts - may not exceed the lesser of 100% of your compensation or $55,000 for 2018 ($54,000 for 2017). In addition, the amount of your compensation that can be taken into account when determining employer and employee contributions is limited. The compensation limitation is $275,000 in 2018 ($270,000 in 2017).
 

Rgb
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Posted on Monday, October 23, 2017 - 08:39 pm:       


Alochinchu:

you can contribute 401K After Tax beyond $18K upto $54K.




you cannot contribute a employee. But employer can contribute so that total is $54K. This works if you register a corporation
 

Ysr2009
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Posted on Monday, October 23, 2017 - 04:14 pm:       

>> you can contribute 401K After Tax beyond $18K upto $54K

 

Ysr2009
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Posted on Monday, October 23, 2017 - 04:09 pm:       

>> Wrong...all pre tax

This year I am contributing 6% of salary towards Pre-Tax 401K

( 18K - 6% ) into ROTH 401K ( Post-Tax )
 

Alochinchu
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Posted on Monday, October 23, 2017 - 02:09 pm:       


Ysr2009:

$18000 = total of PRE-TAX and POST-TAX.




not exactly.. 401K Pre-Tax + Roth 401 After Tax = $18000.. you can contribute 401K After Tax beyond $18K upto $54K.
 

Last_avataar
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Posted on Monday, October 23, 2017 - 02:00 pm:       


Xxx:




Yes there is no compulsion in 18k for post-tax

Entire 18k can be pre-tax when we have combined filing

Asalu Post Tax 401 contribution tax bracket loki enduku vostundi...?
 

Amaravathi
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Posted on Monday, October 23, 2017 - 02:00 pm:       


Xxx:

what wrong you can put it in Roth kaada ?




Raja chimpul logic... if u can contribute 18K Pre-tax into 401K, why do u wanna do some of that as post-tax?
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Xxx
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Posted on Monday, October 23, 2017 - 01:55 pm:       


Amaravathi:

Wrong...all pre tax




what wrong you can put it in Roth kaada ?
-
 

Amaravathi
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Posted on Monday, October 23, 2017 - 01:49 pm:       


Ysr2009:

NO

$18000 = total of PRE-TAX and POST-TAX.




Wrong...all pre tax
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Jai_ycp
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Posted on Monday, October 23, 2017 - 01:48 pm:       


Ysr2009:

$18000 = total of PRE-TAX and POST-TAX.



yes lietrally. But you cna 18K pre-tax and 0 post tax too. thats what people are referring
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
 

Manthri
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Posted on Monday, October 23, 2017 - 01:47 pm:       


Ysr2009:

$18000 = total of PRE-TAX and POST-TAX.




Post tax : $5.5 k for you and spouse (Total income less than $196k for both or less than $156k for single income)

Pre-tax : $18K in 2017
 

Ysr2009
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Posted on Monday, October 23, 2017 - 01:41 pm:       

>> ippudu vunna 18K is completely Pre-tax kadha?

NO

$18000 = total of PRE-TAX and POST-TAX.
 

Ysr2009
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Posted on Monday, October 23, 2017 - 01:36 pm:       

>> daanni 2.4K ki reduce chestunnara?

I don't think they are doing it.
But there was a plan to do it ( to increase the tax revenue ).
 

Amaravathi
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Posted on Monday, October 23, 2017 - 01:35 pm:       


Ysr2009:

Total 401K contribution remains the same ( $18,500 for 2018 )

$2,400 limit for PRE-TAX contributions
Remaining ROTH contributions are post-tax

401K contributions = PRE-TAX + ROTH




ippudu vunna 18K is completely Pre-tax kadha? daanni 2.4K ki reduce chestunnara?
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Ysr2009
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Posted on Monday, October 23, 2017 - 01:33 pm:       

Total 401K contribution remains the same ( $18,500 for 2018 )

$2,400 limit for PRE-TAX contributions
Remaining ROTH contributions are post-tax

401K contributions = PRE-TAX + ROTH
 

Rgb
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Posted on Monday, October 23, 2017 - 01:31 pm:       

Trump cheppaduga no changes :-)
 

Jalsa
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Posted on Monday, October 23, 2017 - 01:23 pm:       


Biggboss:

"Currently, people can generally make contributions of up to $18,000 annually before taxes. But lobbyists had heard that congressional Republicans were weighing lowering the cap to $2,400."



2400 p/a for 40 years antey $96K. mari retirement taruvatha full cost govt bear chestundha?
 

Biggboss
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Posted on Monday, October 23, 2017 - 01:18 pm:       

enti idhi Republicans 401k contribution tagginchela unnaru

"Currently, people can generally make contributions of up to $18,000 annually before taxes. But lobbyists had heard that congressional Republicans were weighing lowering the cap to $2,400."

Trump also tweeted today that there won't be any changes to 401k contribution...deeni amma ee 401k teesthey yearly oka 15-20k taxes bokka...

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