CheGuevara Posted March 20, 2013 Report Posted March 20, 2013 [quote name='ChittiNaidu' timestamp='1363752327' post='1303453724'] yes...might be... Traditional IRA first time vintunna aite... coz nenu 401 k lo pettedi is almost 6K....daniki limit 16.5K anaru last yr... good to know... [/quote] 401(K) unna vallu e traditional IRA open cheste deductible chesukolemu anukunta...so waste of thie traditional IRA if you have 401(k) edi correct or wrong tell me?
subbayya Posted March 20, 2013 Author Report Posted March 20, 2013 [quote name='ChittiNaidu' timestamp='1363752025' post='1303453704'] yes akkada alane cheppadu.. kaani nenu vinnadi enti ante..the maximum limit u can contribute for 2012 under IRA is...$16,500 bucks ani.. they increade it this year by another 1000 bucks ... so im confused about that Annual Taxable compensaiton stuff...need to find it out.. [/quote] And Chitti, Nenu monthly ok $1500-$2000 invest cheyyali anukuntunna...Which is the best way to invest? Monna, New York Life Insurance chusa... danilo Custom Whole Life insurance and Variable Universal Life insurance ani vundi...name different but koncham concept antha oke la vundi... Vadu monthly $1000 invest cheyyamannadu each plan lo .... $700 K life insurance for each plan + each year upto 8% minimum dividends for each plan vuntai market growth ni batti annadu...after 5 years vatini collateral ga petti amount loan teesukovachu with 5% APR annadu? Is it worth investing like this? But initial five years lopala cash value draw chesthe chala takkuva vasthai annadu..! Please suggest.
CheGuevara Posted March 20, 2013 Report Posted March 20, 2013 [quote name='grandfather' timestamp='1363752539' post='1303453740'] And Chitti, Nenu monthly ok $1500-$2000 invest cheyyali anukuntunna...Which is the best way to invest? Monna, New York Life Insurance chusa... danilo Custom Whole Life insurance and Variable Universal Life insurance ani vundi...name different but koncham concept antha oke la vundi... Vadu monthly $1000 invest cheyyamannadu each plan lo .... $700 K life insurance for each plan + each year upto 8% minimum dividends for each plan vuntai market growth ni batti annadu...after 5 years vatini collateral ga petti amount loan teesukovachu with 5% APR annadu? Is it worth investing like this? But initial five years lopala cash value draw chesthe chala takkuva vasthai annadu..! Please suggest. [/quote] if you are talking about opening a traditional IRA then you cannot use a traditional IRA contribution as health insurance
Spartan Posted March 20, 2013 Report Posted March 20, 2013 [quote name='CheGuevara' timestamp='1363752478' post='1303453735'] 401(K) unna vallu e traditional IRA open cheste deductible chesukolemu anukunta...so waste of thie traditional IRA if you have 401(k) edi correct or wrong tell me? [/quote] naaku job lo join ainappudu Financial Managment and deduction di intro unde bhayya.. akakda vallu suggest chesidni enti ante...ne age ni batti...nuvvu 401K lo invest cheste better.. and link ur Vangaurd to Stock trading brokerage...then it will be advantage to you.. dont go for other available options ani... traditional IRA guricnhi cheppaedu appudu...another option was ROTH IRA....which they said dont go with that..ani..
Spartan Posted March 20, 2013 Report Posted March 20, 2013 [quote name='grandfather' timestamp='1363752539' post='1303453740'] And Chitti, Nenu monthly ok $1500-$2000 invest cheyyali anukuntunna...Which is the best way to invest? Monna, New York Life Insurance chusa... danilo Custom Whole Life insurance and Variable Universal Life insurance ani vundi...name different but koncham concept antha oke la vundi... Vadu monthly $1000 invest cheyyamannadu each plan lo .... $700 K life insurance for each plan + each year upto 8% minimum dividends for each plan vuntai market growth ni batti annadu...after 5 years vatini collateral ga petti amount loan teesukovachu with 5% APR annadu? Is it worth investing like this? But initial five years lopala cash value draw chesthe chala takkuva vasthai annadu..! Please suggest. [/quote] monthly 1500-2000 investment ante....stocks better emo kada...why in insurance plan... jus my POV..
subbayya Posted March 20, 2013 Author Report Posted March 20, 2013 [quote name='CheGuevara' timestamp='1363752665' post='1303453747'] if you are talking about opening a traditional IRA then you cannot use a traditional IRA contribution as health insurance [/quote] Hmm That I know mama...IRA can't be used as HSA or health Insurance. Nenu seperate investmnt gurinchi aduguthunna....
subbayya Posted March 20, 2013 Author Report Posted March 20, 2013 [quote name='ChittiNaidu' timestamp='1363752909' post='1303453766'] monthly 1500-2000 investment ante....stocks better emo kada...why in insurance plan... jus my POV.. [/quote] Daniki chala research kavali kada....Naku inka antha knowledge raale... Buying and selling lo....! Adi vachina daka wait cheyyatame better antava..?
CheGuevara Posted March 20, 2013 Report Posted March 20, 2013 [quote name='ChittiNaidu' timestamp='1363752842' post='1303453755'] naaku job lo join ainappudu Financial Managment and deduction di intro unde bhayya.. akakda vallu suggest chesidni enti ante...ne age ni batti...nuvvu 401K lo invest cheste better.. and link ur Vangaurd to Stock trading brokerage...then it will be advantage to you.. dont go for other available options ani... traditional IRA guricnhi cheppaedu appudu...another option was ROTH IRA....which they said dont go with that..ani.. [/quote] yeah naaku evo unde courses starting lo join ainappudu appudu antha ga pattinchukole.... so naadi oka question.......... ippudu e traditional IRA ante stocks lo invest cheyyadamena? ippudu max $5000 contribute cheyyochu kada, then aa $5000 deductible untunda leka inka amina vere untunda deductible..........e trad. IRA lo pettina money malli manam eppudina teesukovacha because they are already after tax investments kada.....so konchem e details cheppu/.....useful aite repe oka trad. IRA open chesi aa deductible edo techukunta legal ga... please let me know whatever you know about trad IRA...i am just confused on this thing
Spartan Posted March 20, 2013 Report Posted March 20, 2013 [quote name='grandfather' timestamp='1363753100' post='1303453787'] Daniki chala research kavali kada....Naku inka antha knowledge raale... Buying and selling lo....! Adi vachina daka wait cheyyatame better antava..? [/quote] monthly 1500-2000 K ante... y not invest in India real estate....oka 1Cr ki illu teskunna...complete loan contribute cheste.. monhly 1 lakh..whcih is 2000$.... nuvvu konna property within a yr..easy ga 2Cr avutadi....no better investment gives these kind of returns kada.. 1Cr property antava...dont go for land..better go for old houses...etc....alantivi chaala unnai city center lo... na deggara dabbul leka i coudnt afford... undi unte e patikalla..5Crs ayyedi a illu...
Bairagi Posted March 20, 2013 Report Posted March 20, 2013 [quote name='grandfather' timestamp='1363753100' post='1303453787'] Daniki chala research kavali kada....Naku inka antha knowledge raale... Buying and selling lo....! Adi vachina daka wait cheyyatame better antava..? [/quote] 8% interest raavadaaniki antha research avasaram ledu...anthagaa kaavalante money manager ni hire cheskovachu....ayina 1000 dollars investment capacity vunte hyderabad lo apartment or house konadam better....thats the best investment. Life insurance anedi highly conservative method.
subbayya Posted March 20, 2013 Author Report Posted March 20, 2013 [quote name='CheGuevara' timestamp='1363753142' post='1303453791'] yeah naaku evo unde courses starting lo join ainappudu appudu antha ga pattinchukole.... so naadi oka question.......... ippudu e traditional IRA ante stocks lo invest cheyyadamena? ippudu max $5000 contribute cheyyochu kada, then aa $5000 deductible untunda leka inka amina vere untunda deductible..........e trad. IRA lo pettina money malli manam eppudina teesukovacha because they are already after tax investments kada.....so konchem e details cheppu/.....useful aite repe oka trad. IRA open chesi aa deductible edo techukunta legal ga... please let me know whatever you know about trad IRA...i am just confused on this thing [/quote] You can with draw traditional IRA contribution with 10% penalty and Tax... FYI, Traditional IRA's contributions are tax deductible but not Roth IRA's.
Bairagi Posted March 20, 2013 Report Posted March 20, 2013 401k option vunte baaga use cheskondri...adi best...limit chalaa high vuntadi plus matching vuntadi employer tho....free money ya
subbayya Posted March 20, 2013 Author Report Posted March 20, 2013 [quote name='ChittiNaidu' timestamp='1363753296' post='1303453804'] monthly 1500-2000 K ante... y not invest in India real estate....oka 1Cr ki illu teskunna...complete loan contribute cheste.. monhly 1 lakh..whcih is 2000$.... nuvvu konna property within a yr..easy ga 2Cr avutadi....no better investment gives these kind of returns kada.. 1Cr property antava...dont go for land..better go for old houses...etc....alantivi chaala unnai city center lo... na deggara dabbul leka i coudnt afford... undi unte e patikalla..5Crs ayyedi a illu... [/quote] Hmm, it's better idea as well....koncham career starting lo vunna mama so thinking.... koncham dare cheyyali.....
Spartan Posted March 20, 2013 Report Posted March 20, 2013 [quote name='CheGuevara' timestamp='1363753142' post='1303453791'] yeah naaku evo unde courses starting lo join ainappudu appudu antha ga pattinchukole.... so naadi oka question.......... ippudu e traditional IRA ante stocks lo invest cheyyadamena? ippudu max $5000 contribute cheyyochu kada, then aa $5000 deductible untunda leka inka amina vere untunda deductible..........e trad. IRA lo pettina money malli manam eppudina teesukovacha because they are already after tax investments kada.....so konchem e details cheppu/.....useful aite repe oka trad. IRA open chesi aa deductible edo techukunta legal ga... please let me know whatever you know about trad IRA...i am just confused on this thing [/quote] traditional IRA complete ga idea ledu bhayya...ivale vintunna.. all i know is about ROTH IRA and 401 K... 401K...untaxed amount.. ROTH taxed amount 401K maaku vangaurd manage chestadi..so vadu..nenu andulo save chese money khali ga pette badalu shares lo invest chestadu.. if i get profit i have tha money..if i loss..i loose money...and also i can decide where whcih stock i can invest ani... daniki premature withdrawl ki same ante tax and penalties similar to 401K...but adv enti ante...u can increase ur amount if invested in good stocks rather then jus saving it..useless ga padi untadi anthey... ROTH lo kuda same ayi untadi..kaani withdrawls ki tax undakapovachu...but profit ki kattali...
Spartan Posted March 20, 2013 Report Posted March 20, 2013 [quote name='grandfather' timestamp='1363753490' post='1303453824'] Hmm, it's better idea as well....koncham career starting lo vunna mama so thinking.... koncham dare cheyyali..... [/quote] i was in same ur situation..career starting lo ne...we can save 1500-2000... koncham pelli aite..chetilo undedi peanuts ye...if ur lucky..... so dont proceed jus save it..or invest in home....
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