| Author | Message | ||
     Uppu Side Hero Username: Uppu Post Number: 5028 Registered: 11-2007 Posted From: 206.16.32.136 Rating: N/A |
people who want to go back it still worth it . if you go back, if you withdraw money 10k per year. You will only pay 10% fine. No tax because it is below taxable income. âGenerations to come will scarce believe that such a one as this walked the earth in flesh and blood.â | ||
| Uppu Side Hero Username: Uppu Post Number: 5027 Registered: 11-2007 Posted From: 206.16.32.136 Rating: N/A |
no second thought go for it âGenerations to come will scarce believe that such a one as this walked the earth in flesh and blood.â | ||
| Jake_ryan Junior Artist Username: Jake_ryan Post Number: 435 Registered: 01-2008 Posted From: 129.192.170.250 Rating: N/A |
Thanks a lot. That was really really helpful.
bro, I would say without any other thought put it in. Otherwise you keep on spending the savings on other things some consider as luxuries.. at the end of the day, if you look back, you wont find a single penny. If you use 401k, you are assured that there is a pot bigger or smaller to look into in case need arises. | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 30296 Registered: 02-2008 Rating: N/A |
welcome | ||
| Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 3039 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
Depends on your company's plan, check the details. usually, plans have a set of funds that you can choose from for investing in. Rarely, plans allow you to invest money in individual stocks, as that is a very bad strategy. | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2109 Registered: 01-2012 Posted From: 167.83.101.20 Rating: N/A |
thanks a lot for the great inputs guys..simply keka anthe so there's a penalty if we withdraw money frm 401k, but we ARE allowed to invest 401k money in stocks without penalties - correct aa?? | ||
| Maverick Legend Username: Maverick Post Number: 39573 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
>> Maverick: Who said that. 50k pettaleru. 16k to 20k. Pretax category lo. adi regular as a employe..if u have ur own company..u can do more than that as a employee and as a owner..wife employee aite 90k varaku toyachu. http://money.cnn.com/retirement/guide/selfemployment_individ ual401k.moneymag/index2.htm?iid=EL Who is this DB member? | ||
| Netsaint Side Hero Username: Netsaint Post Number: 4788 Registered: 05-2008 Posted From: 198.228.200.15 Rating: N/A |
Who said that. 50k pettaleru. 16k to 20k. Pretax category lo. My Telugu Bhakthi Blog :http://gurugeetha.blogspot.com/ | ||
| Thelegend Moderator Username: Thelegend Post Number: 17520 Registered: 04-2008 Rating: N/A |
If company matches 100% avasaram, why miss extra money? If not up to you and your investing skills. | ||
| Trueleader Side Hero Username: Trueleader Post Number: 3686 Registered: 09-2009 Posted From: 208.68.246.250 Rating: N/A |
I feel the same.....na opinion ayithey 401k lo 17k invest chesi apple or google stocks konatamu better | ||
| Maverick Legend Username: Maverick Post Number: 39570 Registered: 01-2008 Posted From: 70.39.231.164 Rating: N/A |
ft vallaki ok..consulting vallaki waste..own company unte solo 401k contribute chesukondi..u can put upto 50k easily in 401k.. Who is this DB member? | ||
| Onlytruth Legend Username: Onlytruth Post Number: 105684 Registered: 01-2007 Posted From: 173.62.0.235 Rating: N/A |
opt chesthe avi annaa migulutaayi...cheyyakapothe emi undadu as simple as that | ||
| Vasista Junior Artist Username: Vasista Post Number: 44 Registered: 05-2012 Posted From: 24.17.132.24 Rating: N/A |
This is not offered for all plans.. depends on your employer plan. However you can withdraw up to 10k from 401k without penalties towards you first home purchase | ||
| Dreamcatcher Side Hero Username: Dreamcatcher Post Number: 3032 Registered: 11-2009 Posted From: 208.86.145.68 Rating: N/A |
It is absolutely not recommended to take loans against 401(k) unless that is the only option left. When you take a loan against your 401(k), amount is withdrawn from your 401(k) account and given to you. What this essentially does is, your money no longer invested in the market and not working for you, this is completely against the principle of having 401(k) in the first place. Only good thing out of this is, the interest you pay for this loan is credited to your 401(k) account, so in a way, you are not wasting money by paying interest to a big bank on your loan. | ||
| Moonwalker Side Hero Username: Moonwalker Post Number: 2278 Registered: 01-2009 Posted From: 198.140.4.205 Rating: N/A |
Thank you,,Very well explained | ||
| Jaffa Junior Artist Username: Jaffa Post Number: 7 Registered: 07-2012 Posted From: 69.27.237.161 Rating: N/A |
Better to put full 17K money into 401K. 1. Your money is invested in funds, which grow, or you can put into safe funds, which typically give 3% returns. 2. You are reaping tax benefits for the filing year. 3. You can take loan max upto 50K for your personal or home loans, interest paid is going back to your account only, which means you are getting an 50K interest free. Though it has to be paid back in 5 years time frame. 4. You can withdraw in certain situations without penalty in case of medical expenses which are above 7.5 of your gross income. 5. Similarly if you are unemployed for more than 12 months, you can use this money to pay health insurance premiums for yourself and family. 6. If you go back to india, you can always withdraw the amount at 0% tax rate slab i.e every year you may be able to withdraw either 15K or 20K and pay only 10% penalty, which means rest is tax free. Otherwise ideal ga around 20-25% tax is paid if amount is not put in 401K. 7. Earnings / growth in your 401K from funds is taxable upon early withdrawal. 8. If you move from one company to other company, your 401k can still stay in the old company, or you can move to your new company, or you can open an ira account and roll into that, IRA account gives more flexibility to you and wider choices of access to funds depending on the provider. 9. Above all, if your employer is contributing/matching for your contributions, that is an free money you are getting, why do you want to throw that away? After 58 years you can withdraw the entire amount without penalty and falls under taxable slab, treated as income. (regular income tax bracket) Think of the savings, for 5 years if you put 17K it would be 85K in your account. And assume if it grows by 10%, then 85+8.5=93.5K. Plus if employer matches atleast 3% of the first 6% something like that, adi kooda oka 1K anuko 93.5+1K= 94.5K Biggest Cons: 1. If you take loan from 401k and if you move out of the company, entire loan has to be paid immediately. otherwise that will be considered as distribution/income, which calls for penalty + tax. | ||
| Netsaint Side Hero Username: Netsaint Post Number: 4786 Registered: 05-2008 Posted From: 24.127.230.135 Rating: N/A |
401k Needed. Yes. You can match what employer is matching. or if you can hike your contribution upto a limit of 16k per annum [from you side] which will give you Tax benifit [this reduces your gross]. In future you can convert to IRA, or slowly withdraw partially in 2 ,3 installments and take it to India. so there is no wastage in 401k, plus it can give you some confidence, that ur started some serious savings for your future.. My Telugu Bhakthi Blog :http://gurugeetha.blogspot.com/ | ||
| Vasista Junior Artist Username: Vasista Post Number: 39 Registered: 05-2012 Posted From: 24.17.132.24 Rating: N/A |
no brainer.. you should contribute at least up to the company's match.. let us say if your company match up to 3% (100%) for 100k, u put 3k, company match 3k; [even if you take out next year, you will still ahead after paying 10% penalty. But i don't suggest this] Another option: let us say if you leave US after 6 years.. you will have around 60k (if u put minimum in 401k). You can withdraw the money for 3 years after you leave.. you can withdraw 20k per year (out of which standard deduction is around 15k is tax free).. every year you would only pay tax on 5k (also the lowest tax bracket) + 10% penalty for early withdrawal. Moreover you don't have to pay state income tax. So, you would pay 10% on the first 15k and 15% on next 5k every year. | ||
| Man_of_masses Side Hero Username: Man_of_masses Post Number: 7352 Registered: 01-2008 Posted From: 173.88.176.124 Rating: N/A |
nenaite settana.. 6% seste equal amount match chesadu maa emplyer anduke settana... http://i42.tinypic.com/54g1g2.png | ||
| Rasputin Hero Username: Rasputin Post Number: 15168 Registered: 02-2008 Posted From: 74.131.115.83 Rating: N/A |
Thread motham chadavaledu. jp and cocanada range lo simple gaa cheppalantey... If your employer is matching 100% of some part of your pay (usually around 5%), just antha maathramey contribute cheyyi. Nothing more,nothing less. Don't over think it. 01/06/2012 - 169.4;05/04/2012 - 175.8 | ||
| Abcdefghij Hero Username: Abcdefghij Post Number: 11292 Registered: 02-2007 Posted From: 76.226.187.194 Rating: N/A |
in regular 401k you have to withdraw minimum amount each year roth401k you dont have to not that you save after 70 also but if you dont need you dont have to  enduku muragabetti annakandi but an option if needed... Ravino: jail antava gandhi kuda welladu adhe bata lo jagan anna | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 36313 Registered: 02-2008 Posted From: 24.60.196.238 Rating: N/A |
mee company vadu 100% match chesthe go for it, no 2nd thought mee company vadu 50% match chesthe, depends on how u invest in mutual funds vomerica lo settle aye alochan vunte retirement is mandatory RahulGandhi/JP/Chiru | ||
| Conquas Side Hero Username: Conquas Post Number: 4261 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
thanks brother... i didn't know till now... ma sotelu co. ala ivvadhu.... chuss.. all opinions expressed here are mine.. | ||
| Conquas Side Hero Username: Conquas Post Number: 4260 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
upto 3% 100% matching ayivundavacchu.... ante... meeru 3% pedithe... vaadu 3% pedathadu... 3% to 6% dhaka 50% match chesthadu anukunta... ante... meeru kanaka... 6% match chesthe.... first 3% varaku 3%.... after that 1.5% anukuntunna... i may be wrong too.. one more question... meeru vadini adagandi.... fully vested aa kadha... ani... fully vested ante... ee year ki aa year.... vaadu match chesindhi.... meedhaiyi pothundhi.... general ga 6 years vuntundhi..... ante... company.... people to retain cheyyataniki ala petta vacchu... this is main question... idhi adagandi... all opinions expressed here are mine.. | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2108 Registered: 01-2012 Posted From: 24.13.197.14 Rating: N/A |
Eb2 ne | ||
| Abcdefghij Hero Username: Abcdefghij Post Number: 11291 Registered: 02-2007 Posted From: 76.226.187.194 Rating: N/A |
401k lo roth options anni companies ivvavu basic ga taxed amount can be put into roth your 100 is taxed at your today;s rate, earnings/withdrawals have no tax at later date. only if 20+ years later if taxes are less than today that does not make sense... but tax lu tagginche govt vundadu anukonta... Ravino: jail antava gandhi kuda welladu adhe bata lo jagan anna | ||
| Farmer Side Hero Username: Farmer Post Number: 3470 Registered: 03-2012 Posted From: 74.63.112.140 Rating: N/A |
even "if" | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 30274 Registered: 02-2008 Rating: N/A |
EB2 or EB3 annaa vinapadindhaa? | ||
| Farmer Side Hero Username: Farmer Post Number: 3469 Registered: 03-2012 Posted From: 74.63.112.140 Rating: N/A |
ikkada settle ayye aalochana vunte, 401k looo compulsory gaa pettali...u need lot of savings to retire in usa...so u need to start putting money in it right now, unless u r in a very high income group and you are confident that u can catch up even after u start a bit later...... bottom line, 401k is a musttttt...idharu pani chesthante rendu 401k's.....of course, returns super gaa emi vundavu...but investment options are very few in usa, unless u have a big chunk of money in your hand....401k type forced saving is a must... entha match chesina,, asalu match cheyyakapoyinaa 401k mushhttt ammaaa...intha kante cheppalenu | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2107 Registered: 01-2012 Posted From: 24.13.197.14 Rating: N/A |
Meeralaage antukuni undandeyy..GC vimmeadiate initiation thappa vere words lopalaki poledu But from what I recall upto certain amount dollar to dollar matching tarvata nasty lembari like 3% inapadindi..majjilo censor cut type bleep malli 6% annaad Licked in the middle | ||
| Conquas Side Hero Username: Conquas Post Number: 4259 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
ante emiti maastaru.. 401k and roth ira ante... different kadha? if you are leaving company.... you can move your 401 amount into roth ira.... aa solubhyam vuntundhi... kadha... all opinions expressed here are mine.. | ||
| Telugu_times Moderator Username: Telugu_times Post Number: 30273 Registered: 02-2008 Rating: N/A |
employer gaadu, free gaa 6% match chesthuntay...noppi enti? | ||
| Cyberabadsinnodu Side Hero Username: Cyberabadsinnodu Post Number: 3500 Registered: 02-2010 Posted From: 67.163.149.59 Rating: N/A |
. ee ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! | ||
| Farmer Side Hero Username: Farmer Post Number: 3468 Registered: 03-2012 Posted From: 74.63.112.140 Rating: N/A |
ippati nunchi anduloo dabbulu vesthene musalollu ainaka achi vochedi | ||
| Abcdefghij Hero Username: Abcdefghij Post Number: 11289 Registered: 02-2007 Posted From: 76.226.187.194 Rating: N/A |
Must. Just for the benefit it gives... Tax free..telavakunda nee saving example if you save 100 dollars and you get 3% interest uncle same every year on average takes $1 in taxes example for 30 years your compound would be 243 dollars uncle same only cuts tax one time. if rate of interest is 10% or rate of return is 5-10% then its not at all taxed till you take it out... on top of it 100 dollars you put in gets taxfree too so you saved 30dollars rightaway on 100 if just 100 could be saving that much add up... 401k lo roth vunte inka better as tax rate is less now... Ravino: jail antava gandhi kuda welladu adhe bata lo jagan anna | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2106 Registered: 01-2012 Posted From: 24.13.197.14 Rating: N/A |
mana sethullo etundi h1b secklist thappa, eellu undaniste ikkade bootiful bucket suskuni kicking seyataniki ready | ||
| Conquas Side Hero Username: Conquas Post Number: 4258 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
401k ki company entha match chesthundhi.... enni years ki fully vested avuthundhi aa company lo.... all opinions expressed here are mine.. | ||
| Cyberabadsinnodu Side Hero Username: Cyberabadsinnodu Post Number: 3499 Registered: 02-2010 Posted From: 67.163.149.59 Rating: N/A |
Anduke seppedi adhi musalollaki plan retirement time ki achi vostadi..  ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! | ||
| Zulu Hero Username: Zulu Post Number: 12618 Registered: 02-2008 Posted From: 70.113.23.151 Rating: N/A |
matching chesthey theesukodaniki dobbidaya? entha % matching chestharu? | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2105 Registered: 01-2012 Posted From: 24.13.197.14 Rating: N/A |
Idhar ka maal udhar, udhar ka maal idhar Ye Jp ka kaam 80-20 type setting alavatu ayyi ee ft benefits sedda siragga unnai...friendly ga na 401k amt withdraw seskundam ante 10% penalty Maa laati uuuth emaipovali | ||
| Farmer Side Hero Username: Farmer Post Number: 3467 Registered: 03-2012 Posted From: 74.63.112.140 Rating: N/A |
amlika loo settle avuthava, india lonaa? | ||
| Cyberabadsinnodu Side Hero Username: Cyberabadsinnodu Post Number: 3498 Registered: 02-2010 Posted From: 67.163.149.59 Rating: N/A |
tammi nenu vinnadi enti ante some ppl say it will be useful for longterm plan. eppudo okappudu nuvvu chitti etthukunna sare tax lu avi ivi ponu bane back ki vasatyi antunnaru... ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! | ||
| Methati_idly Side Hero Username: Methati_idly Post Number: 2104 Registered: 01-2012 Posted From: 24.13.197.14 Rating: N/A |
Full time babailu seppandi..ft offer seser, 401k matching annar deni gurinchi research sesina Dibbi lo seyyi edite moothi pallu raalagodatam, wisdom tooth extraction without anesthesia type penalties thappa real benefits em agupalledu Bethaludi Savam laaga tonnula koddi 401k moota bujam meeda eskuni tirugutunna vuncles koddiga light eyandi... .idhar ka mal udhar |
