| Author | Message | ||
     Sahu Junior Artist Username: Sahu Post Number: 399 Registered: 04-2008 Posted From: 24.21.106.191 Rating: N/A |
Don't worry. Let it be as it is. When you join in full time positing you can rollover the 401K amount. I resigned my previous company a year ago and left the money as it is. recently i asked them to roll over the 401k amount into my new account. A Million Words Would Not Bring You Back, I Know Because I've Tried. Neither Would A Million Tears, I Know Because I've Cried. | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 3246 Registered: 01-2008 Posted From: 98.221.83.14 Rating: N/A |
my 2 cents - If you have been investing in 401k from a long time (4-5 years+) then don't withdraw now... as we are just seeing a slow recovery of majority of funds. I am sure your portfolio also got hit in last 1 year and in the process of recovering now. So explore other options if you need money for any other purpose. If god doesn't like the way I live, let him tell me, not you | ||
| Tpg Junior Artist Username: Tpg Post Number: 974 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
YES maama.. | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12622 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
 You must be the change you wish to see in the world  | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12621 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
Are you serious? Or is it 1% over the prime rate? You must be the change you wish to see in the world | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12620 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
Not necessary... you can take loans. Thats when some of the companies will allow you for hardship withdrawal. If you have 2 loans against 401K.... and having problems with the payments... then you can request for hardship withdrawal... appudu penalty undadhu.. just taxes anthe. May be this policy varies from company to company... but na 401K policy adhi. You must be the change you wish to see in the world | ||
| Idle_yzag Hero Username: Idle_yzag Post Number: 16575 Registered: 02-2008 Posted From: 198.80.151.228 Rating: N/A |
I dont know annai, nen theskunnapdudu 4.5% ippudu kuda 4.5% yee wachovia retirement plan lo I Lost my leader, Johar YSR | ||
| True_indian Side Hero Username: True_indian Post Number: 4324 Registered: 01-2008 Posted From: 174.96.132.28 Rating: N/A |
ippudu tiyyaku market swing lo undi so wait, if you want move to another vendor but dont remove you have to pay tax plus 10% penalty we need kakarla to certify lot of Mental Kandidates | ||
| Tpg Junior Artist Username: Tpg Post Number: 973 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
5% appati FED rate anukuntaa... no the rates have dropped.... | ||
| Tpg Junior Artist Username: Tpg Post Number: 972 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
ledu mama - i have one loan at 1% and the oter one at 2.5% | ||
| Idle_yzag Hero Username: Idle_yzag Post Number: 16574 Registered: 02-2008 Posted From: 198.80.151.228 Rating: N/A |
naku 5% vesadu, but again this goes to our acoount I Lost my leader, Johar YSR | ||
| Razesh Megastar Username: Razesh Post Number: 22762 Registered: 12-2006 Posted From: 117.200.0.23 Rating: N/A |
 | ||
| Chiru_fan Side Hero Username: Chiru_fan Post Number: 8114 Registered: 04-2008 Posted From: 70.22.90.38 Rating: N/A |
/18 anukunta/ depends on the company anukuntaa Rao garu....Fidelity ki 12 months gap vundaali ani matraam telusu CHIRU - SACHIN - FEDERER | ||
| Tpg Junior Artist Username: Tpg Post Number: 971 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
AT ANY time u cannot have more than 2 loans...!! | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12619 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
Idhi bhootu.... minimum treasury rate edo untadi You must be the change you wish to see in the world | ||
| Tpg Junior Artist Username: Tpg Post Number: 970 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
That is better than withdrawing and creating a mess to the acount with penalty.. | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12618 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
18 anukunta..... sarigga gurthu ledhu. But that again varies from company to company. You can take loan upto 50% of your 401K vested balance. Say nee 401K lo 100K undi anukundaam...you are eligible upto 50K loan but lets say you took 10K loan and repaid it in 6 months... after 12 months you will again be eligible for 50K loan. Ala kaakunda you are still eligible for 40K loan anytime (50 - 10K loan that is already paid) You must be the change you wish to see in the world | ||
| Chiru_fan Side Hero Username: Chiru_fan Post Number: 8113 Registered: 04-2008 Posted From: 70.22.90.38 Rating: N/A |
/loan teesuko dani paina anthaga neeku money avasaram aithe/ OT bhayya....aadu 45% of our 401k amount maatramee loan isthaadu.... unless MMS maama deggara full-to paisaluntee thappa aa loan meeda interest kattatam thappa yeemi raadu... CHIRU - SACHIN - FEDERER | ||
| Megapowerstar Comedian Username: Megapowerstar Post Number: 1330 Registered: 09-2007 Posted From: 170.22.76.10 Rating: N/A |
thanks baa. i will pursue this option  will talk to u over the weekend. mee abbai neeku nidra lekunda chestunnadani bhavista | ||
| Tpg Junior Artist Username: Tpg Post Number: 969 Registered: 02-2008 Posted From: 65.200.165.111 Rating: N/A |
That is a very good idea... u get loans at 1% p/a..... | ||
| Onlytruth Legend Username: Onlytruth Post Number: 49752 Registered: 01-2007 Posted From: 173.62.3.86 Rating: N/A |
withdraw enduku baa dabbulu bokka ? tax esthaadu loan teesuko dani paina anthaga neeku money avasaram aithe portfolio lo -ve % chusi kangaru padaku time ki anni set autayi | ||
| Idle_yzag Hero Username: Idle_yzag Post Number: 16573 Registered: 02-2008 Posted From: 198.80.151.228 Rating: N/A |
okasari loan theskunaka repay chesaka yentha gap vundali malli loan theskovali ante? I Lost my leader, Johar YSR | ||
| Megapowerstar Comedian Username: Megapowerstar Post Number: 1328 Registered: 09-2007 Posted From: 170.22.76.10 Rating: N/A |
now i moved into consulting mama...the new employer does not have any such thing... | ||
| Ultimatum Junior Artist Username: Ultimatum Post Number: 344 Registered: 07-2008 Posted From: 8.7.228.252 Rating: N/A |
>>>naa paata employer contributed towards my 401k, RBAP etc. adi penalty lekunda ela withdraw cheyyalo cheppandi If you withdraw money then you have to pay tax + 10% penalty..there is an option to transfer your 401k money to your new employer..it's a simple process and one ph call will do..that way you can avoid tax and penalty.. | ||
| Abcdefghij Side Hero Username: Abcdefghij Post Number: 5366 Registered: 02-2007 Posted From: 69.212.45.7 Rating: N/A |
next year nunchi roth contributions meeda limit ledu and can convert ira/401k to roth anni chadiva/vinna any ideas.... | ||
| Abcdefghij Side Hero Username: Abcdefghij Post Number: 5365 Registered: 02-2007 Posted From: 69.212.45.7 Rating: N/A |
first time house kinda tessukovochu without penality....not sure if it works out but recent ga edo financial seminar lo cheppadu come to me there are ways to anni talk to expert who deals with it... not that db lo vundaru anni kani golmal govindam emanna cheyochu emo.... | ||
| Megapowerstar Comedian Username: Megapowerstar Post Number: 1327 Registered: 09-2007 Posted From: 170.22.76.10 Rating: N/A |
nee yenkamma, razesh confusion nijam avvali ani korukovachu kada ? atani noru manchidi (ikkada noru ante vaakku ani ardham chesukovalani manavi)... nijagaame naaku antha dabbu vaste, razesh edi korukunte adi | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 12612 Registered: 02-2008 Posted From: 72.90.250.134 Rating: N/A |
1. You will not be allowed to move money from your 401K to rollover IRA if you are still working at the company where 401K exists. 2. After you separate from the employer, then you will have the freedom to transfer money to rollover IRA from 401K. 3. Your goal for removing money from 401K is to minimize taxes and penalties. 4. Being a GC holder, you can file like a US resident even when resident in India, this means standard exemption and personal deductions available. 5. Assumption is that your other passive income globally will be small such that most of the standard deduction(approx 11K) and four personal exemptions (approx 13K plus) will be available for deductions. 6. It is assumed that your Indian salary income will be under the Foreign earned income exclusion limit which currently is north of $80 (I do not remember the exact number). 7. Given above, you can withdraw something close to $24K each year while in India and escape State taxes and pay federal taxes of zero. 8. The above procedure means it would take about 3 years to withdraw your balance. 9. With above procedure, you will have to pay 10% penalty but no other taxes. 10. Any interest, dividends received after RNOR period will be subject to Indian taxes, but should be very small. 11. As to transfer to ROTH, you will be able to do that anytime you want - there are some constraints based on income, but if you do that after R2I at the rate of somewhere between 20K to 24K a year, you should be able to do that without a problem. 12. Instead of withdrawing from IRA after R2I, you can transfer to ROTH and thus escape penalty. Taxes, of course will be as calculated and as suggested above, if ROTh transfer is per schedule suggested above, the taxes also would be zero. 13. After five years have elapsed, you will be able to withdraw the principal tax and penalty free. 14. Assuming the the ROTH has grown in the five years, the growth if withdrawn prior to age 59.5 will be subject to penalty and taxes and no penalty and no taxes if withdrawn after age 59.5 15. Any interest and dividends accrued in ROTH IRA and any capital gain / loss transactions within the account will be also under the purview of Indian taxes. You must be the change you wish to see in the world | ||
| Megapowerstar Comedian Username: Megapowerstar Post Number: 1326 Registered: 09-2007 Posted From: 170.22.76.10 Rating: N/A |
naa account lo $401,000 levu babulu - wish someday i have that though naa paata employer contributed towards my 401k, RBAP etc. adi penalty lekunda ela withdraw cheyyalo cheppandi. | ||
| Wrathchild Side Hero Username: Wrathchild Post Number: 8520 Registered: 03-2009 Posted From: 192.146.101.71 Rating: N/A |
penalty 10% + tax kattali.. | ||
| Redplanet Side Hero Username: Redplanet Post Number: 5148 Registered: 05-2008 Posted From: 24.91.69.137 Rating: N/A |
Mana India lo PF antamu. | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 3123 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
//Koteeswarulu vunnaaru kadha swamy DB lo.... 401k antay retirement fund program peru...nuvvu confuse awwamaaka... Why so Serious? | ||
| Razesh Megastar Username: Razesh Post Number: 22760 Registered: 12-2006 Posted From: 117.200.0.23 Rating: N/A |
aa kaadhaa...... endho english volla jokulu....artham ayinaa navvalem | ||
| Risingstar Hero Username: Risingstar Post Number: 11514 Registered: 08-2008 Posted From: 98.225.179.58 Rating: N/A |
ekkuva dabbulu alaa savings chesthe withdrawing appudu ilanti problems vasthayu.. | ||
| Mass Hero Username: Mass Post Number: 10626 Registered: 04-2008 Posted From: 12.168.68.11 Rating: N/A |
401k ante 401 thousand dollars anukunnava enti  | ||
| Truelies Side Hero Username: Truelies Post Number: 3916 Registered: 03-2008 Posted From: 74.237.6.152 Rating: N/A |
401k plan peru saami.... www.prajarajyam.org - syntax error, unexpected | ||
| Razesh Megastar Username: Razesh Post Number: 22759 Registered: 12-2006 Posted From: 117.200.0.23 Rating: N/A |
Koteeswarulu vunnaaru kadha swamy DB lo.... | ||
| Razesh Megastar Username: Razesh Post Number: 22758 Registered: 12-2006 Posted From: 117.200.0.23 Rating: N/A |
401k  | ||
| Mass Hero Username: Mass Post Number: 10625 Registered: 04-2008 Posted From: 12.168.68.11 Rating: N/A |
Naavi konda vunnai 400 teseyyali | ||
| Rebel Side Hero Username: Rebel Post Number: 4967 Registered: 02-2008 Posted From: 151.151.98.235 Rating: N/A |
enti Q ? | ||
| Risingstar Hero Username: Risingstar Post Number: 11513 Registered: 08-2008 Posted From: 98.225.179.58 Rating: N/A |
endhi ene acc loo 401k undha?  | ||
| Megapowerstar Comedian Username: Megapowerstar Post Number: 1325 Registered: 09-2007 Posted From: 170.22.76.10 Rating: N/A |
any financial experts who can help ? |
