401K plan

[Variety_Pullayya]

11 hours ago, krishnaaa said:

HSA and 401K  maxed out 

8300+(23000)*2 = 54300$ No tax

why so much in HSA every year?

[HugoStrange]

16 hours ago, ManchamKodi said:

meeru investment chestunara uncles

this is the best thing you can do in USA bro. Even if no match or anything keep investing in 401k

[HugoStrange]

56 minutes ago, Variety_Pullayya said:

why so much in HSA every year?

he means HSA lo 8300, nuvu just aa year lo emi use cheyali ani emi ledu. you can use this your life long and can withdraw after you are 65. Its triple tax benefit. 

[krishnaaa]

1 hour ago, Variety_Pullayya said:

why so much in HSA every year?

HSA is a must. You can invest your money in HSA.

I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later.

Claimed a medical bill from 5 years ago last week when I needed money

Its better to let money grow tax free. Never get in the way of compounding.

[Variety_Pullayya]

40 minutes ago, HugoStrange said:

he means HSA lo 8300, nuvu just aa year lo emi use cheyali ani emi ledu. you can use this your life long and can withdraw after you are 65. Its triple tax benefit. 

 

29 minutes ago, krishnaaa said:

HSA is a must. You can invest your money in HSA.

I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later.

Claimed a medical bill from 5 years ago last week when I needed money

Its better to let money grow tax free. Never get in the way of compounding.

hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. 

i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. 

 

[krishnaaa]

11 minutes ago, Variety_Pullayya said:

 

hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. 

i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. 

 

You can use your HSA in India as well.

Huge benefit.

If you go to India, you can claim your parents as well as dependents.

 

Even if you, your spouse and your kids don't use it, the tax deferred growth is still huge.

You will be in lower tax bracket during retirement as you won't have much income.

Don't overthink.

[rmJU72]

9 minutes ago, Variety_Pullayya said:

 

hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. 

i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. 

 

Medical expenses are inevitable. And these funds can be used for all dependents as well. So best to invest to limit in HSA if you are offered one at your job.

[ManchamKodi]

15 hours ago, Raisins_72 said:

H1b’s chesthey deport chesthaaranta. 

CBN kuda idey chepindu 

[ManchamKodi]

13 hours ago, Galactus said:

free money from employer match and tax free contributions

max out uncle

few years lo it will grow into a nice chunk of money

anna 60 years brathukutama ani gurantee unda. retirement plan money 63 years ki vastundhi master plan by IRS

cc @sarfaroshi2

[ManchamKodi]

4 hours ago, Tellugodu said:

Invest ra if you can. It’s a great way to accumulate wealth over the period. I max out on my 401k. Having sizable amount of saving now.  

90k salary vastundhi friend ki vadu investment cheyala vada ani alochistunadu

[Tellugodu]

Just now, ManchamKodi said:

90k salary vastundhi friend ki vadu investment cheyala vada ani alochistunadu

If he wants to stay in US for long term, then investing in 401k is no brainer. 

[ManchamKodi]

3 hours ago, krishnaaa said:

HSA is a must. You can invest your money in HSA.

I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later.

Claimed a medical bill from 5 years ago last week when I needed money

Its better to let money grow tax free. Never get in the way of compounding.

how did insurance company wait for 5 years anna

[sarfaroshi2]

32 minutes ago, ManchamKodi said:

anna 60 years brathukutama ani gurantee unda. retirement plan money 63 years ki vastundhi master plan by IRS

cc @sarfaroshi2

Do you have a grt investment plan to earn more than 15% - 20% reutrns every month consistantly...then dont go for 401k.

You can take 401K loan upto 50k anytime and the intrest rate will go back to your own 401k account.

Nuvvu timepass ki adigithe ok.....kaani manam karchu pette waste expenses ki intha discuss cheyyam...employer 6% match chestu unte...manaki future security avasarama ani discuss cheyadam waste. 

[ManchamKodi]

11 minutes ago, sarfaroshi2 said:

Do you have a grt investment plan to earn more than 15% - 20% reutrns every month consistantly...then dont go for 401k.

You can take 401K loan upto 50k anytime and the intrest rate will go back to your own 401k account.

Nuvvu timepass ki adigithe ok.....kaani manam karchu pette waste expenses ki intha discuss cheyyam...employer 6% match chestu unte...manaki future security avasarama ani discuss cheyadam waste. 

salary 200k ki 401k is best anna

100k salary, 4% employer contribution, 26 age, India ki 4 years velle plans unte   waste no anna . same money housing lo invest good returns untundhi

 

[krishnaaa]

48 minutes ago, ManchamKodi said:

how did insurance company wait for 5 years anna

Nothing to do with Insurance company....I already paid with my money using credit card for what I owed.

Reimbursed it 5 years later from HSA.