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Onlytruth
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Username: Onlytruth

Post Number: 75491
Registered: 01-2007
Posted From: 67.159.44.97

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Posted on Tuesday, March 01, 2011 - 06:49 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

naku 2.3% YTD
>>
dentlo pettavu teeskelli....lol


scallion dora, evadu babu nee service provider ? and ur distribution ?
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Idle_yzag
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Username: Idle_yzag

Post Number: 29640
Registered: 02-2008
Posted From: 198.80.144.187

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Posted on Tuesday, March 01, 2011 - 05:16 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

naku 2.3% YTD


RahulGandhi/JP/Chiru
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Scallion
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Username: Scallion

Post Number: 7008
Registered: 05-2009
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Posted on Tuesday, March 01, 2011 - 05:09 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

3.78%




Since Inception 32.7%
Jai NTR, Jai Jai TDP
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Scallion
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Post Number: 7007
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Onlytruth:

01/01/2011 to 02/28/2011 is 3.78%




koncha conservative ga pothunavu emo OT... Last 3 Months 10.11% & 1 Year 21.35% antondhi naku
Jai NTR, Jai Jai TDP
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Idle_yzag
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Post Number: 29639
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Posted on Tuesday, March 01, 2011 - 05:06 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:


nen 401k lo peduthunna kani eppudu loan theskune vuntunna
RahulGandhi/JP/Chiru
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Bunty717
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Username: Bunty717

Post Number: 14638
Registered: 02-2008

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Posted on Tuesday, March 01, 2011 - 05:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

but employer iche 6% pogotukovatam endhuku



nenu consultant .. naku emp ivvadu
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Bunty717
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Post Number: 14637
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Posted on Tuesday, March 01, 2011 - 05:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Idle_yzag:

nuvvu Jr movies kuda chustava?



no theatre lo chudaledu eppudu.. OT ni kavadam kosam tapatatu ledu..
ayina jr kurrod movies ok le.. mari ippati bala movies ki
ot invite chestene kootanta thinking cheyali
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Scallion
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Username: Scallion

Post Number: 7006
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Posted on Tuesday, March 01, 2011 - 05:01 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bunty717:

naku 401k plan ee ledu.. emaina tappu chestunnana..




naku four years back daka ledhu....

but employer iche 6% pogotukovatam endhuku + tax bracket tage avakasam undhi you & spouse max cut isthe + ipudu chala mandhi employers pension ethesi 401K ki year end lo inkoncham isthunaru ga ( maa vadu 8% isthadu, avi ani cash chesukovali ante 401 must.......

ika pothe nuvu ee 401K ki iche cut initial days lo gurthu untadhi kani koni rojula tharavatha marchi pothavu, but in few years it may grow huge so aalochincha kunda petu
Jai NTR, Jai Jai TDP
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Idle_yzag
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Username: Idle_yzag

Post Number: 29638
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Posted on Tuesday, March 01, 2011 - 04:56 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bunty717:

sure




nuvvu Jr movies kuda chustava?
RahulGandhi/JP/Chiru
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Bunty717
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Post Number: 14636
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Posted on Tuesday, March 01, 2011 - 04:54 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

shakthi release ki meet autanu..



sure..done meet avudaam.. nee mohamlo anandam chudaala aa roju..
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Onlytruth
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Username: Onlytruth

Post Number: 75489
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Posted on Tuesday, March 01, 2011 - 04:53 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Your personalized rate of return, reflecting account balance plus deposits, withdrawals and earnings from 01/01/2011 to 02/28/2011 is 3.78%

scallion dora, how is my 401K performing ? is that return for this period is OK ? or shud i take expert advice in redistribution of funds ?
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Bunty717
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Post Number: 14635
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Posted on Tuesday, March 01, 2011 - 04:53 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

dantho emi avadhu... IRA roth account will start aging starting for 2010 Jan 1'st... future lo India veli podham anukuna... leka veele gentesina mana 401K loni money ki 10% penalty katakunda coosukovadaniki




naku 401k plan ee ledu.. emaina tappu chestunnana..
roth IRA start cheyadam manchidi antavaa..
nee exp tho retirement ki ela plan cheyalo kootanta cheppu plzz
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Idle_yzag
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Post Number: 29637
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Posted on Tuesday, March 01, 2011 - 04:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

to do list




kids tho idhi tappadhu, free time vunte vallatho gadipestham and vallu vunte planned ga avavu, u shud keep on postpone and at somepoint u slip things :D
RahulGandhi/JP/Chiru
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Onlytruth
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Post Number: 75488
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Posted on Tuesday, March 01, 2011 - 04:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

i hurted mama.. oka movie ki veldaam ante post ki reply ivvu kani..
>>
shakthi release ki meet autanu...naku gurthu ledhu which post u are talking abt....short term mid term long term annni terms memory loss vachindhi...intaku mundhu la kakunda to do list save jeyyalsi vostandi rakarakaala ongoing things madhyana :D
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Scallion
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Username: Scallion

Post Number: 7003
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Posted on Tuesday, March 01, 2011 - 04:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Kalki2011:

Direct debit pettala ROTH loki??




akara ledhu, mali manaki endhuku time dandaga... aa time lo manchiga nalugu posts vesuko vachuga ani kavi bavam
Jai NTR, Jai Jai TDP
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Scallion
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Post Number: 7002
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Posted on Tuesday, March 01, 2011 - 04:43 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bunty717:

ante month ki 100 ..yr ki 1200.. daanto eti avutaadi..




dantho emi avadhu... IRA roth account will start aging starting for 2010 Jan 1'st... future lo India veli podham anukuna... leka veele gentesina mana 401K loni money ki 10% penalty katakunda coosukovadaniki
Jai NTR, Jai Jai TDP
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Kalki2011
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Username: Kalki2011

Post Number: 120
Registered: 02-2011
Posted From: 66.193.93.3

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Posted on Tuesday, March 01, 2011 - 04:40 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:




Direct debit pettala ROTH loki?? I have opened a ROTH but I am transfering my own money from checking
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Scallion
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Kalki2011:

Pedda bokka padutundi. Ma company prastutam vunna trend lo seste ma vallu chala mandi ineligible avutaru.literal ga tax oka range lo dobbestadu.




one way is max 401K cut and one of the couple working as consultant with max allowed per diem..... ivi ani chesina 2010 lo 33 bracket ni avoid cheyaleka poyanu.... thu deeni thali sampadinchinadhi anta uncle Sam ki kata tanike sari pothondhi
Jai NTR, Jai Jai TDP
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Idle_yzag
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Username: Idle_yzag

Post Number: 29636
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Posted on Tuesday, March 01, 2011 - 04:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bunty717:

idly kurrod ki off msg's RE deallings



Idle_yzag:

ph number msg pettamante




http://i54.tinypic.com/24z94kn.gif uzeless
RahulGandhi/JP/Chiru
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Bunty717
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Post Number: 14634
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Posted on Tuesday, March 01, 2011 - 04:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

ayithe ventane oka IRA roth account kooda open chesi padesi oka $50 per paycheck dantlo padeyatam modhalu petu, migathavi tharvatha choosukovachu



ante month ki 100 ..yr ki 1200.. daanto eti avutaadi..
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Bunty717
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Post Number: 14633
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Posted on Tuesday, March 01, 2011 - 04:35 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

petti vaaram ayyindhi...offline msgs nuvvu dobbedite nenem jesedhi ? malli pampista chudu....




i hurted mama.. oka movie ki veldaam ante post ki reply ivvu kani..
idly kurrod ki off msg's RE deallings.. chass
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Scallion
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Post Number: 6999
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Onlytruth:




ayithe ventane oka IRA roth account kooda open chesi padesi oka $50 per paycheck dantlo padeyatam modhalu petu, migathavi tharvatha choosukovachu
Jai NTR, Jai Jai TDP
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Kalki2011
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Username: Kalki2011

Post Number: 119
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Bunty717:


seriously unte emi avutundi adi adv naa roth ira ki




Pedda bokka padutundi. Ma company prastutam vunna trend lo seste ma vallu chala mandi ineligible avutaru.literal ga tax oka range lo dobbestadu.
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Bunty717
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Post Number: 14631
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Posted on Tuesday, March 01, 2011 - 04:32 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

okati chepu nee Sal + bonus 122K kante ekuva undha




seriously unte emi avutundi adi adv naa roth ira ki
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Onlytruth
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Post Number: 75485
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Posted on Tuesday, March 01, 2011 - 04:32 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

ph number msg pettamante piskuntav yenti, nen yemina ammai number adigana?
>>
petti vaaram ayyindhi...offline msgs nuvvu dobbedite nenem jesedhi ? malli pampista chudu....




>>>
Sal + bonus 122K kante ekuva undha
>>>
adagaala endi ee q ? NO
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Idle_yzag
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Username: Idle_yzag

Post Number: 29635
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Posted on Tuesday, March 01, 2011 - 04:30 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:


ph number msg pettamante piskuntav yenti, nen yemina ammai number adigana?

http://i54.tinypic.com/24z94kn.gif
RahulGandhi/JP/Chiru
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Scallion
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Username: Scallion

Post Number: 6997
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Posted on Tuesday, March 01, 2011 - 04:29 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:




okati chepu nee Sal + bonus 122K kante ekuva undha
Jai NTR, Jai Jai TDP
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Onlytruth
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Posted on Tuesday, March 01, 2011 - 04:26 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Nuvu common man endhi OT, nuvu CCDB legend vi kada
>>
ccdb legend status oka poota burger konisthaada ? NO naa !
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Scallion
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Posted on Tuesday, March 01, 2011 - 04:23 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

mana lanti commonman ki edhi better ?




Nuvu common man endhi OT, nuvu CCDB legend vi kada
Jai NTR, Jai Jai TDP
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Onlytruth
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Posted on Tuesday, March 01, 2011 - 04:20 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

401K okkate telusu....maa 401K service provider Transamerica vaadu meetings lo ROth IRA gurinchi cheppeppudu aa meetings lo DBing jesukuntu sarigga vinaledhu....evaraina neat ga cheppandi IRA enti ? ROTH IRA enti ? 401k tho compare jesthe vatiki advantages enti ? disadvantages enti ? mana lanti commonman ki edhi better ?
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Maverick
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Posted on Tuesday, March 01, 2011 - 03:56 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

aa ira to roth ira eppudina cheyyacha in future? or as some one said ee year ee oppukuntara?

i am refering to this stmt

">>conversion from IRA to Roth is only valid for last year and this year anukunta "
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Maverick
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Posted on Tuesday, March 01, 2011 - 03:55 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>Open nondeductable IRA

ante regular IRA ne kada? or is it different? already IRA okati undi..so adi convert cheyyacaha roth ki?
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Scallion
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Posted on Tuesday, March 01, 2011 - 03:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Crazy:

Open nondeductable IRA and convert to ROTH ... this can be done this year with out any issues




That is what all this thread is about
Jai NTR, Jai Jai TDP
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Scallion
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Kalki2011:

Including bonus a leka bonus lekunda na? 116k ante emi saripotundi




Single ayithe 122000
Jai NTR, Jai Jai TDP
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Crazy
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Scallion:




There is another way to do ROTH if you are not direclty eligible to do ROTH because of high income limits

Open nondeductable IRA and convert to ROTH ... this can be done this year with out any issues
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Kalki2011
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Scallion:

My bad 2011 Roth IRA Limits prakaram it is 1,79,000




sounds good then.
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Scallion
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Kalki2011:

Including bonus a leka bonus lekunda na? 116k ante emi saripotundi




My bad 2011 Roth IRA Limits prakaram it is 1,79,000
Jai NTR, Jai Jai TDP
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Kalki2011
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Posted on Tuesday, March 01, 2011 - 03:42 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

You may not be eligible to open a Roth IRA if your income is more than $116,000 for single filers and $169,000 for married and joint filers.




Including bonus a leka bonus lekunda na? 116k ante emi saripotundi
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Crazy
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Posted on Tuesday, March 01, 2011 - 03:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Maverick:




For any tax year 100K AGI income kanna thakkuva vunte eppudanna cheyyachu

more than 100k AGI vunte only this year you can do the conversion and tax ni you can spread out to this year and next year ... 50 % ippudu tax katti next year rest kattachu
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Maverick
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Posted on Tuesday, March 01, 2011 - 03:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>You may not be eligible to open a Roth IRA if your income is more than $116,000 for single filers and $169,000 for married and joint filers.

idi relaxed chesaru ani chadiva? is this still the limit?..
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Scallion
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Hero:

why ..ee rule 2008 lo tisesaru kada ?
now u can directly roll 401k to a Roth IRA




2008 and 2009, One is permitted to directly roll over/convert a 401(k) into a Roth IRA not any more I believe
Jai NTR, Jai Jai TDP
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Dreamcatcher
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Tammullu,

teese mundu okka saari mee cpa lani consult cheyyandi. teeste, ippudu meeru higher tax bracket lo padataaru, since this adds to your current income. consider that as well. IRA/ROTH IRA is all legislation mandated, 401(k) to ROTH IRA conversion kooda. Ivi anni congress recent years lo bills pass chesi create chesinavi. I think they have expiration dates. Definite ga extend chestaaru, but still, that is something we should know.
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Scallion
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You may not be eligible to open a Roth IRA if your income is more than $116,000 for single filers and $169,000 for married and joint filers.
Jai NTR, Jai Jai TDP
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Hero
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Scallion:

Direct ga ila cheyatam is not possible....




why ..ee rule 2008 lo tisesaru kada ?

now u can directly roll 401k to a Roth IRA
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2009
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my 401k is with schwab

schwab lone Roth IRA acct open chesukuntey better aa?? as I am a member already

any suggestions for ROTH IRA accts? to go with
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Maverick
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>>conversion from IRA to Roth is only valid for last year and this year anukunta

ante next year nunchi convert cheyyalema?any official links? oksari convert cheste aa channel establish avutunda for future conversions?
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Indiarocks
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Scallion:

brother inko china suggestion is... (20K - tax) after 5 years Roth lo some x $ ayithundhi anukundham... danikante ivala bayataku teeseci stocks lo correct ga invest chesthe gain will be more and because of long standing you will just pay lower capital gains




stocks lo invest cheyadaniki Roth nundi baitiki theeyadam enduku?

Ippudu mana 401k oka company manage chestadu, like vanguard, Roth ki move cheste vaade manage cheyada?

Sorry, naaku ROth gurinchi ABCD lu teliyavu.
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Scallion
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Rk9:

401K to Roth IRA auntunnaru




Direct ga ila cheyatam is not possible....


Rk9:

401K to IRA to Roth IRA auntunanru




This is the only possible option to transfer funds from 401 to Roth IRA
Jai NTR, Jai Jai TDP
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Idle_yzag
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Indiarocks:

5yrs taruvatha enduku transfer cheyadam, ivale cheyachu kada?

Ivala mee account lo 20k undi adi transfer cheste, 20k meeda tax pay chestaru.




ippudu high slab lo vuntam kada, these tappudu every yr koncham thestham kada neglible tax paduthundi, say 20% every yr
RahulGandhi/JP/Chiru
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Scallion
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Indiarocks:




brother inko china suggestion is... (20K - tax) after 5 years Roth lo some x $ ayithundhi anukundham... danikante ivala bayataku teeseci stocks lo correct ga invest chesthe gain will be more and because of long standing you will just pay lower capital gains
Jai NTR, Jai Jai TDP
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Rk9
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Scallion:




401K to Roth IRA auntunnaru

again 401K to IRA to Roth IRA auntunanru

konchem clear ga cheppandi
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Indiarocks
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Scallion:




Bro, from what you said, why will anybody keep their money in 401k? Ivala unna money kante, repu undaboye money ekkuva annadi common expectation kada, coz we invest that money.

Ee ITA enti?
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Dreamcatcher
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Indiarocks:

Read as 80k meeda tax pay cheyali




Roth IRA concept is, you invest today after taxes and earn everything tax free. so what you made out of 20K (you after tax contribution) can be withdrawn in the future tax free.
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Crazy
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conversion from IRA to Roth is only valid for last year and this year anukunta
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Scallion
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Indiarocks:

5yrs taruvatha enduku transfer cheyadam, ivale cheyachu kada? Ivala mee account lo 20k undi adi transfer cheste, 20k meeda tax pay chestaru. After 5yrs adey 20k, 80k ayyi, appudu 60k meeda tax pay cheyali.




You are exactly correct...
Jai NTR, Jai Jai TDP
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Indiarocks
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Indiarocks:

After 5yrs adey 20k, 80k ayyi, appudu 60k meeda tax pay cheyali.




Read as 80k meeda tax pay cheyali
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Indiarocks
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Idle_yzag:




5yrs taruvatha enduku transfer cheyadam, ivale cheyachu kada?

Ivala mee account lo 20k undi adi transfer cheste, 20k meeda tax pay chestaru.
After 5yrs adey 20k, 80k ayyi, appudu 60k meeda tax pay cheyali.

SCallion bro plz correct me.

Inkoti ee ITA enti, direct gaa 401k to roth cheyalema?
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Scallion
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Idle_yzag:




yes
Jai NTR, Jai Jai TDP
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Idle_yzag
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Scallion:





say I have 30K in 401k now, After 5 yrs this will become 80k (with my, employer, MF value increase),

option1:
After 5 yrs if I want to goback india or appudu withdraw cheyali ante

1. 10% of 80k = 8k
2. ~25%tax of 80k = 20k

Total 28k pay cheyali

option2:
1. today we open roth IRA and contribute every month 10$ from ur payseck
2. After 5 yrs transfer all 80k from 401k in to Roth IRA
3. then you will pay only 25% of 80k = 20k

inthena theory?
RahulGandhi/JP/Chiru
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Crazy
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After 5 years youc an take only principal with out any penalty but earnings 591/2 varaku theyyakudadhu. thesthe dhaniki penalty and tax kattali
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Indiarocks
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Scallion:

and one more benefit, ivala 10K move chesthunaru anukondi mee tax rate prakaram oka 3K tax kadatharu... oka 5 years tharavatha let us assume mee 10K in 401 15K ayindhi ani apudu move chesthe 4.5K tax kadatharu, so aa rakam ga kuda benefit




Ee point chooste ROTH loki move cheyakunda evaru kooda uncharu anipistundi. Today, or later, we have to pay taxes kada?
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Kalki2011
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One More Question. I opted some funds for investing my 401K money.

When I feel like Market is not doing well, Can I take my money off and Invest that on bonds? Endukante I changed my distribution from one fund to an other. But my acct still says I have few shares of that old fund.
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Scallion
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Maverick:

ippudu roth open chesi 401k nunchi move cheste daniki..wait period 5 yrs..
next year 401k contribution ni malla same roth ki move cheste??




First contribution nunchi 5 years... so nee next year danini kuda 2016 lo thesukovachu
Jai NTR, Jai Jai TDP
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Maverick
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ippudu roth open chesi 401k nunchi move cheste daniki..wait period 5 yrs..
next year 401k contribution ni malla same roth ki move cheste??
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Scallion
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Kalki2011:

I opened my ROTH IRA on Feb26th so Can I take my money off by 2016?




that is true
Jai NTR, Jai Jai TDP
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Kalki2011
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Maverick:

also ira catch up laa 401k catchup cheyyacha for 2010 before april 15?




Naku telsi no you can catchup the amt before Dec31st anukuntunna.
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Scallion
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Maverick:

thx, and also if anyone has plans to move back to india, eppudina jan lo move aite, when u file taxes for the next year for jan, ur income will be dead low and u can reduce ur tax % also




to be more specific you should move after having at least one paycheck for that year.... leka pothe stranded deductions ki eligibility undadhu
Jai NTR, Jai Jai TDP
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Kalki2011
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Maverick:

ante? if i move now 10k, do trading and make it 20k, i will be still taxed only for 10k?




When you move 10k you pay interest for 10K, if your 10k becomes 50K then there is no need to pay any tax.
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Maverick
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also ira catch up laa 401k catchup cheyyacha for 2010 before april 15?
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Maverick
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>>roth IRA ki move ayina mee amount 5 years lo grow aye dhani meedha kuda tax kataru

ante? if i move now 10k, do trading and make it 20k, i will be still taxed only for 10k?
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Kalki2011
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Scallion:


The five year clock begins on January 1st of the tax year of your first contribution




I opened my ROTH IRA on Feb26th so Can I take my money off by 2016?
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Maverick
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thx, and also if anyone has plans to move back to india, eppudina jan lo move aite, when u file taxes for the next year for jan, ur income will be dead low and u can reduce ur tax % also
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Scallion
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Maverick:

ira to roth ira tax kattali kada..wats the advntg? just pentalty avoiding kosama?





Scallion:

and one more benefit, ivala 10K move chesthunaru anukondi mee tax rate prakaram oka 3K tax kadatharu... oka 5 years tharavatha let us assume mee 10K in 401 15K ayindhi ani apudu move chesthe 4.5K tax kadatharu, so aa rakam ga kuda benefit




roth IRA ki move ayina mee amount 5 years lo grow aye dhani meedha kuda tax kataru
Jai NTR, Jai Jai TDP
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Scallion
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Kalki2011:

Can I maintain a ROTH IRA without doing any trades? Justing keeping the account open?




That is possible, but you need to pay to maintain your account... my option will be keeping a samll amount rather than paying them fee
Jai NTR, Jai Jai TDP
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Scallion
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Kalki2011:

cool. I never knew that you ROTH IRA must be 5yrs old to take the money without penality.




The five year clock begins on January 1st of the tax year of your first contribution
Jai NTR, Jai Jai TDP
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Kalki2011
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Maverick:




If I have 10k in my account I will get 6k when I withdraw it.

So moving from 401k to IRA to ROTH saves me 1K.
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Maverick
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ira to roth ira tax kattali kada..wats the advntg? just pentalty avoiding kosama?
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Kalki2011
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Scallion:




cool. I never knew that you ROTH IRA must be 5yrs old to take the money without penality.

Can I maintain a ROTH IRA without doing any trades? Justing keeping the account open?
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Scallion
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Kalki2011:

So nenu 401K to IRA ki change chesi can I move to ROTH IRA( I know ROTH IRA is after tax) and take the money with out penality once my ROTH is 5 years old?




Exactly... 10% avoid cheyavachu.... and one more benefit, ivala 10K move chesthunaru anukondi mee tax rate prakaram oka 3K tax kadatharu... oka 5 years tharavatha let us assume mee 10K in 401 15K ayindhi ani apudu move chesthe 4.5K tax kadatharu, so aa rakam ga kuda benefit
Jai NTR, Jai Jai TDP
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Kalki2011
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Posted on Tuesday, March 01, 2011 - 01:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

bump for scallion
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Kalki2011
Junior Artist
Username: Kalki2011

Post Number: 109
Registered: 02-2011
Posted From: 66.193.93.3

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Posted on Tuesday, March 01, 2011 - 01:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Also I opted for aggressive US shares funds as I think the market will be pretty good this year.
Top of pagePrevious messageNext messageBottom of page Link to this message

Kalki2011
Junior Artist
Username: Kalki2011

Post Number: 108
Registered: 02-2011
Posted From: 66.193.93.3

Rating: N/A
Votes: 0 (Vote!)

Posted on Tuesday, March 01, 2011 - 01:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

scallion I need some info on 4o1k to ira to roth IRA

a roju meeru vesina thread meda konni questions vunnai.

I have set up a maxm limit for my 401K,
The only reason i opted for 401K is to get some tax benefits. Oka range lo dobbestunnadu taxes asalu.employer match is 5% so tesukunna inka.

I opened a ROTH IRA through Zecco.

I need to pay 30$ maintenance fee for Zecco per year as I stopped trading now.

So nenu 401K to IRA ki change chesi can I move to ROTH IRA( I know ROTH IRA is after tax) and take the money with out penality once my ROTH is 5 years old?

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