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Curious case of Savings Pattern

Chalanachithram.com DB » New TF Industry Related » Archive through October 17, 2018 » Curious case of Savings Pattern « Previous Next »
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Bunty717
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Posted on Wednesday, October 17, 2018 - 02:26 pm:       

500k in 8-9 yrs ante keeka.. on paper both working ayite.. min 70$ saving anipistaadi kaani bongu kuda anta cheyalemu..

ee family cheseru ante keka ante..
 

Starc
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Posted on Wednesday, October 17, 2018 - 02:23 pm:       

Perception.
USA lo everyone has their level of lifestyle. That defines the monthly expenditure.

case1: Wife and husband have BMW ,Lexus and kids goes private schools. 700k house. Savings are nil.

Cast2: Single car. 500k house. Invested heavily in india and usa. Goes to public school. Box ki bokka peidhte oo 2 M $ anna vastai.

So it all depends on how you look at things
 

Teluguswift
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Posted on Wednesday, October 17, 2018 - 12:03 pm:       


Rocketk2:



Agree.He should be very well disciplined and might have invested in stocks as well.
 

Jaguar
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Posted on Wednesday, October 17, 2018 - 11:52 am:       

close friend ithe ayanne adigesthe pola....Toll brothers community? new or old house?
 

Rocketk2
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Posted on Wednesday, October 17, 2018 - 11:39 am:       


Risingstar:


I like your post title

May be he made equity investments over last 7 yrs and rode the wave. That is the only way I can think of 500k state.. but anyways he deserves kudos !!

200k will only net you around 120k after taxes. So saving 50k is possible but needs extreme discipline
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:27 am:       


Risingstar:


sorry continue ur topic. yes 500k savings in 9 years is possible. naa guess alu desi consultants emo chetiki ekkuva vastundi compared to the taxes they pay as manolu per diem kinda lagestaru kada
...
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:21 am:       


Biggboss:


https://www.spencerfane.com/publication/deferred-compensatio n-for-dummies-the-section-409a-compliance-clock-is-ticking/
...
 

Hero
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Posted on Wednesday, October 17, 2018 - 11:20 am:       


Gotcha:




NQDC is not for every one.

mee client/employer ki financial issues vaste NQDC amount mothan poyinatte
..


if you change your client or move job..you cant rollover nqdc amount to IRA.

last one is

when you start taking money out of NQDC ..you have not only pay incometax ..u have to pay social security and medicare too
 

Risingstar
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Posted on Wednesday, October 17, 2018 - 11:19 am:       

topic ni divert chesad bagubali gotcha
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:14 am:       


Biggboss:


https://www.fidelity.com/viewpoints/retirement/nqdc
...
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:12 am:       


Emc2:

Beyond certain threshold investing in 401k is waste


calling ysr2009 annay, vachi emc ki class peeku.
...
 

Biggboss
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Posted on Wednesday, October 17, 2018 - 11:12 am:       


Gotcha:




409A right term aa online choosthey 409a is a startup valuation process ani choopistundhi
 

Hero
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Posted on Wednesday, October 17, 2018 - 11:11 am:       


Gotcha:

nenu currently oka 40k contribute chesta looking at that guy wanted to go to 50k




401k max 18.5 kada ..how u can save 40k 50k ?
 

Emc2
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Posted on Wednesday, October 17, 2018 - 11:11 am:       


Gotcha:




401k lo daachu Kunte emi vasthadi

It’s dead lock, plus at the end you have to pay taxes any way

Beyond certain threshold investing in 401k is waste

It's ok

 

Biggboss
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Posted on Wednesday, October 17, 2018 - 11:10 am:       


Gotcha:


 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:08 am:       


Biggboss:

Idhi kuda 409A account aa?


yeah baad me jaaye savings 401k lo dasukunte ade padi velu anukutuna by following ysr2009 advise
...
 

Mamamiya786
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Posted on Wednesday, October 17, 2018 - 11:06 am:       


Gotcha:

nenu currently oka 40k contribute chesta looking at that guy wanted to go to 50k




50k pedite thintaniki emi vuntadi mastaru ....

wife and husbadn iddaru 40 k range lo pedite saalu anukunta....

nenu last 3.5 months lo 18k contirubute chestunna .. .....peanuts vastunnai chetiki..
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|
 

Shikari
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Posted on Wednesday, October 17, 2018 - 11:06 am:       

last 9yrs stock market is in bull run..manchi investments chesademo.
http://i.imgur.com/eUYcc.gif
 

Biggboss
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Posted on Wednesday, October 17, 2018 - 11:06 am:       


Gotcha:

nenu currently oka 40k contribute chesta looking at that guy wanted to go to 50k




Idhi kuda 409A account aa?
 

Biggboss
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Posted on Wednesday, October 17, 2018 - 11:05 am:       


Gotcha:

nenu currently oka 40k contribute chesta looking at that guy wanted to go to 50k


 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:04 am:       


Sesani:

Atta Etta pedtaadu.. 401k limit ni Etta break sestaadu??


nenu currently oka 40k contribute chesta looking at that guy wanted to go to 50k
...
 

Alochinchu
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Posted on Wednesday, October 17, 2018 - 11:03 am:       


Biggboss:

Looks like your friend is a FTE, so the max he can contribute is 18,500 kadha?




may be HCE and has deferred compensation plan..
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 11:03 am:       


Biggboss:


kaadu le he has 409A plan, naaku kuda undi where u can contribute anyamount.
...
 

Sesani
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Posted on Wednesday, October 17, 2018 - 11:02 am:       


Gotcha:

Maa friend unadu he puts atleast 100k in 401k.


Atta Etta pedtaadu.. 401k limit ni Etta break sestaadu??
 

Biggboss
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Posted on Wednesday, October 17, 2018 - 10:59 am:       


Gotcha:




Looks like your friend is a FTE, so the max he can contribute is 18,500 kadha?
 

Mamamiya786
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Posted on Wednesday, October 17, 2018 - 10:59 am:       

nenu ei year nunchi serious planning .....

next year nunchi ..100k savings vundali ....or min 70k ... enduku raavo chustaaaaa...
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|
 

Gotcha
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Posted on Wednesday, October 17, 2018 - 10:56 am:       

Maa friend unadu he puts atleast 100k in 401k. Atanu manager puts whole salary in 401k and for house expenses just lives on selling stocks his company pays anta. Ee isea bagu si aa range ki eppudu eltam oo
...
 

Risingstar
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Posted on Wednesday, October 17, 2018 - 10:55 am:       


Rajusk:

most important detail ivvakonda etla analyze chestam rao garu..




ante enti? casete aa? ayuthe B friend..
 

Kaisersooze
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Posted on Wednesday, October 17, 2018 - 10:55 am:       

india pampakunda...vacations cut chesthae...you can save....
 

Sbk2012
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Posted on Wednesday, October 17, 2018 - 10:54 am:       

500K is not enough to raise one kid to college.

Undergrad 200K plus
If Med school 360K

If Masters $100K Min
 

Rajusk
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Posted on Wednesday, October 17, 2018 - 10:53 am:       


Risingstar:

is it possible to save that much..?




most important detail ivvakonda etla analyze chestam rao garu..:D
 

Kaisersooze
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Posted on Wednesday, October 17, 2018 - 10:53 am:       

avg take home 10k vesukonna....rent oke 2k...groceries..restaurants...car insurance....and rest vatiki 3k.....5k/month savings antae..60k/year....8 * 6 480K..
 

Risingstar
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Posted on Wednesday, October 17, 2018 - 10:51 am:       


Moviebuff001:

401K kooda unte danda vesi dandam pettachu.




yes they have 401k. 6% pedatharanta each..
 

Airliner
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Posted on Wednesday, October 17, 2018 - 10:51 am:       

very much possible..
If you love it, you'll teach yourself. If you don't, others teach you.
 

Emc2
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Posted on Wednesday, October 17, 2018 - 10:51 am:       

India ki pampinchakunda no other investments ante very much possible

It's ok

 

Tombrady
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Posted on Wednesday, October 17, 2018 - 10:50 am:       

1.4 million house ki monna house warming party ki vellan, 20% down paid old home sell chesi konnaru..
 

Musicfan
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Posted on Wednesday, October 17, 2018 - 10:50 am:       

200k salary from 9 years ante 500k is possible. Kids if they are in elementary school, 75k expenses, 75 savings chesi untaru.

75*9=675,, so easy..
Aravinda Sameta Audio Review
 

Moviebuff001
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Posted on Wednesday, October 17, 2018 - 10:49 am:       


Risingstar:

QA last 8-9 years less than around less than 200k anual income..



401K lo emanna pettara leda...
Lekapote possible.
401K kooda unte danda vesi dandam pettachu.

_________________________________________________
Your words will tell others what you think. Your actions will tell others what you believe in.
 

Sesani
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Posted on Wednesday, October 17, 2018 - 10:48 am:       

Very much possible rising uncle..

50k per annum savings with 200k gross is very much achievable... I am not surprised
 

Risingstar
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Posted on Wednesday, October 17, 2018 - 10:46 am:       

Oka kurrod house konnad 950 petti.
wife and husband working as QA last 8-9 years less than around less than 200k anual income... 500k down chesadanta all from his savings.. conjuice emi kaadhi luxurious gane lifestyle undhi..decent couple with 2 school going kids..

really amazing anipinchindi.. is it possible to save that much..?

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