Retirement plan

[trent]

All uncles ..how are you guys planning your retirement 

term life vundi.

friend life kuda tesukunnadu .. tesukunte better a? I know don’t mix insurance and investments ani all saying.

inka India Lo emanna policy or etc tesukunnara? Edo sbi di 6 lac per year Edo policy vundi.

TFSA (tax free savings account in Canada) for now limit 120k cad including wife max chesa. (All mixed fruit stocks vunnay, reassess cheyali)

RRSP(registered retirement saving plan in Canada) Idi em contribute cheyaledu Nenu as I am contractor )

portfolio ela build cheyali oka 20 yrs ki?

and kids ki life insurance tesukunnaru kontha mandi. Or edanna sip or etc plan chesara kids name tho apart from education savings plans?

 

 

[idibezwada]

10 minutes ago, trent said:

All uncles ..how are you guys planning your retirement 

term life vundi.

friend life kuda tesukunnadu .. tesukunte better a? I know don’t mix insurance and investments ani all saying.

inka India Lo emanna policy or etc tesukunnara? Edo sbi di 6 lac per year Edo policy vundi.

TFSA (tax free savings account in Canada) for now limit 120k cad including wife max chesa. (All mixed fruit stocks vunnay, reassess cheyali)

RRSP(registered retirement saving plan in Canada) Idi em contribute cheyaledu Nenu as I am contractor )

portfolio ela build cheyali oka 20 yrs ki?

and kids ki life insurance tesukunnaru kontha mandi. Or edanna sip or etc plan chesara kids name tho apart from education savings plans?

 

 

not at all advisable..vadu teskunnadu ani nuvvu teskuntava...life is too short man

[trent]

6 minutes ago, idibezwada said:

not at all advisable..vadu teskunnadu ani nuvvu teskuntava...life is too short man

Na term insurance 65 ki over then appudu 66 ki pothe em ravu kada? It will be good right to have another backup?

[trent]

9 minutes ago, idibezwada said:

not at all advisable..vadu teskunnadu ani nuvvu teskuntava...life is too short man

How are you planning your retirement?

[idibezwada]

1 minute ago, trent said:

Na term insurance 65 ki over then appudu 66 ki pothe em ravu kada? It will be good right to have another backup?

you can take multiple terms...invest the rest in SPY and do SWP in future when needed...I assume the the returns will be 3-4 times more...SPY returns are say 10%....what are the returns you are expecting on life?

[idibezwada]

9 minutes ago, trent said:

How are you planning your retirement?

term, Pre Roth, Roth, Individual stocks, business

[Kurnoolbomb]

45 minutes ago, trent said:

portfolio ela build cheyali oka 20 yrs ki?

 

Long term growth ki long term plan. Simple kaani boring. Every month DCA/SIP amount what ever ur comfortable with in SPY or QQQ. But stock market 20% down aainappudu appu chesi ayna 10x or 20x ur usual monthly amount. That way u will be way ahead long term. Keep ur play money aside to gamble with individual stocks.

[trent]

3 hours ago, idibezwada said:

you can take multiple terms...invest the rest in SPY and do SWP in future when needed...I assume the the returns will be 3-4 times more...SPY returns are say 10%....what are the returns you are expecting on life?

7.5 % avg ani saying. Vallu kuda SPY etc vatilone investing it seems

[idibezwada]

1 minute ago, trent said:

7.5 % avg ani saying. Vallu kuda SPY etc vatilone investing it seems

Bokka

[ARYA]

🍿

[trent]

11 minutes ago, idibezwada said:

Bokka

Ala ela cheptham. 
 

it may give 10+ also right . It all depends on fund performance same like as you said about spy

[Deadp0ol2]

You can use Roth IRA or traditional IRA to start contributing. AAA di 30 year term life teesko if you are less than 30 or 35 takkuva padtadi 

[trent]

24 minutes ago, Deadp0ol2 said:

You can use Roth IRA or traditional IRA to start contributing. AAA di 30 year term life teesko if you are less than 30 or 35 takkuva padtadi 

Ivi anni already over uncle. These are not enough 

[idibezwada]

55 minutes ago, trent said:

Ala ela cheptham. 
 

it may give 10+ also right . It all depends on fund performance same like as you said about spy

usually its caped at some %, it could be 10 or 12...if they are giving you the same returns as SPY, how do you think they earn?