401k Max out entha mandhi

[Kalam_Youtheman]

Bhayyo every year I contribute to 401k.. company 3% match so just contributing 3% but end of year I owe taxes.. maa tax consultant emo max out chesko 23k limit atleast koncham anna save chesko ani but naaa uddesham lo ee 401k oka scam anipisthundhii.... 3 % free money kadha ani enrolled ... but moving forward is it a good idea to max out and take the tax advantage benefits...futture lo edho oka confidence untudhii aa 401k money choosthunte...entho kontha saved kadha ani

 

[Vaaaampire]

I am maxing out for several years. 401k money kooda nuvvu opt chesukovachu dentlo invest cheyyalo. I pick 50% on bonds & 50% on index. Basically not gambling with 401k.

 

entha 401k lo pettali anedhi nee factors ni batti untadi. If ur saving money everymonth, then go for max.

[csrcsr]

20 minutes ago, Kalam_Youtheman said:

Bhayyo every year I contribute to 401k.. company 3% match so just contributing 3% but end of year I owe taxes.. maa tax consultant emo max out chesko 23k limit atleast koncham anna save chesko ani but naaa uddesham lo ee 401k oka scam anipisthundhii.... 3 % free money kadha ani enrolled ... but moving forward is it a good idea to max out and take the tax advantage benefits...futture lo edho oka confidence untudhii aa 401k money choosthunte...entho kontha saved kadha ani

 

If you have cash flow why not anna its yours ekadiki velavu ikade untav , always in worst worst case (hope that situation will not arise) you can take loan  from your account only in emergency situations or buying your primary home

[Anta Assamey]

Maxing out Yes...

[FrustratedVuncle]

[Kalam_Youtheman]

savings chesthunnna , it looks like Im late to the game....if Im not wrong mana DB lo 90% maxing out anukunta...

 

[hunkyfunky2]

1 hour ago, Kalam_Youtheman said:

Bhayyo every year I contribute to 401k.. company 3% match so just contributing 3% but end of year I owe taxes.. maa tax consultant emo max out chesko 23k limit atleast koncham anna save chesko ani but naaa uddesham lo ee 401k oka scam anipisthundhii.... 3 % free money kadha ani enrolled ... but moving forward is it a good idea to max out and take the tax advantage benefits...futture lo edho oka confidence untudhii aa 401k money choosthunte...entho kontha saved kadha ani

 

If you are young, max out and be aggressive in portfolio... you will reap benefits later.

Worst mistake I did in my life not doing this

[Kalam_Youtheman]

Just now, hunkyfunky2 said:

If you are going, max out and be aggressive in portfolio... you will reap benefits later.

Worst mistake I did in my life not doing this

agree, challenging part for me to where to invest I mean in which funds etc... I see wealth manager from Fdlty can help us but a little fee every month...min 10% returns ani chepthunnaruuu...

Did you or anyone using fund managers ?/

[Pavanonline]

8 minutes ago, Kalam_Youtheman said:

agree, challenging part for me to where to invest I mean in which funds etc... I see wealth manager from Fdlty can help us but a little fee every month...min 10% returns ani chepthunnaruuu...

Did you or anyone using fund managers ?/

No need to overthink, Retirement funds lo pettina same vastai 2060 2070 etc. don't choose nearby years. Move after 5 years depending on situation.

[Pavanonline]

56 minutes ago, Kalam_Youtheman said:

Bhayyo every year I contribute to 401k.. company 3% match so just contributing 3% but end of year I owe taxes.. maa tax consultant emo max out chesko 23k limit atleast koncham anna save chesko ani but naaa uddesham lo ee 401k oka scam anipisthundhii.... 3 % free money kadha ani enrolled ... but moving forward is it a good idea to max out and take the tax advantage benefits...futture lo edho oka confidence untudhii aa 401k money choosthunte...entho kontha saved kadha ani

 

How is it a scam? Simple decision: If you have surplus use 401k otherwise don't. 

[Kalam_Youtheman]

5 minutes ago, Pavanonline said:

How is it a scam? Simple decision: If you have surplus use 401k otherwise don't. 

scam ante 1970 lo FED govt suddent ga flat tax 30% vesindhii. for 401k with drawals and retirement time lo despite of any income levels.... it happened only once to save their a**... so now ala emaina avthe enti mana paristhithi ani

also retirement age inrease chesaaro anuko like in UK.. appudu adhoka problem

also covid laaaga mana retirement time ki vasthe porfolio padipothundhii...

market ups and downs untaayee but mana time vachesaariki ela untundho ani anthe bro

[Kalam_Youtheman]

10 minutes ago, Pavanonline said:

No need to overthink, Retirement funds lo pettina same vastai 2060 2070 etc. don't choose nearby years. Move after 5 years depending on situation.

ok bro

[babu_bangaram]

21 minutes ago, Kalam_Youtheman said:

agree, challenging part for me to where to invest I mean in which funds etc... I see wealth manager from Fdlty can help us but a little fee every month...min 10% returns ani chepthunnaruuu...

Did you or anyone using fund managers ?/

S&P 500  follow ayye fund choodu and invest .... 
please max out 401K .... this is for everyone ....

 

[SNOW_MEGA]

i would do more if they ask me 

 

i am doing roth ira as well but it not counting for taxes 

[Kalam_Youtheman]

16 minutes ago, babu_bangaram said:

S&P 500  follow ayye fund choodu and invest .... 
please max out 401K .... this is for everyone ....

 

yea bro... just calculating  entha per month cut avvalo since 9 months unnayee kadha...when would that 23k will reach ani...

14 minutes ago, SNOW_MEGA said:

i would do more if they ask me 

 

i am doing roth ira as well but it not counting for taxes 

RothIRA... is after taxes... just tax free money kosam a kadha nothing to do with tax savings ?