401K On H1B ....?

[lucky7]

folks,

 

How safe is it to invest in 401K...? I am on H1B and only labor applied by my employer. 

 

Default ga 2% cut avuthundhi antha next week pay stubs nunchi 

 

I have only 45 days to cancel it. 

 

Employer 75 Cents matching for dollar that too 6% max per year

 

Na doubt enthi antha assallu is it good option aaa anni

 

Ennallu untammo thellidhu andhukanni, suggestions please 

 

Thanks in Advance

 

 

[Vaampire]

if ur planning to settle down in usa, opt for 401k. 10% contribute chesina worth ey.

if u r thinking of moving back to home country in near future, opt out of it

[Aryaa]

Meee employer contribute chestuntey why u want to waste it. Nuv 6% petti mee employer gadu 4.5% add chestadu. Which is 75% of 6%

Means née sal 100K aytey. If you contribute 6K per year mee employer 4.5K chestadu. Why u want to leave that money.
unnani rojulu undi. Ika vela quit chesina u don't loose much. Without second thought opt for 6% of your sal

[Thingarodu]

Meee employer contribute chestuntey why u want to waste it. Nuv 6% petti mee employer gadu 4.5% add chestadu. Which is 75% of 6%

Means née sal 100K aytey. If you contribute 6K per year mee employer 4.5K chestadu. Why u want to leave that money.
unnani rojulu undi. Ika vela quit chesina u don't loose much. Without second thought opt for 6% of your sal


 

 

avasaram aithe 401k nunchi money withdraw cheskovacha?? Oka vela cheskovalante entha penalty kattali?? I heard the penalty is around 10% 

 

[Aryaa]

avasaram aithe 401k nunchi money withdraw cheskovacha?? Oka vela cheskovalante entha penalty kattali?? I heard the penalty is around 10%

Yes man 10%
But in case u need money u can even get 401K loan for 4% apr

[Thingarodu]

Yes man 10%
But in case u need money u can even get 401K loan for 4% apr

 

loan entha amount varaku istharu bro? easy ga approve chestara?  any idea??

[chandu1987]

[url=http://www.desigifs.com/gifs/242/suneel][/url]

[Silent_Boy]

loan entha amount varaku istharu bro? easy ga approve chestara?  any idea??

 

 

yes, easy ga ne approve chestadu.  but not more than 50 % of the 401K total amount

[lucky7]

thanks for your suggestions

[Mama77]

Ltt

[laloothar]

u can't take it out before retirement

u will have to pay tax on the amount when withdrawn

[graham]

u can't take it out before retirement

u will have to pay tax on the amount when withdrawn

 

not true. Roth option teesukunte u can take it out tax free but for a penalty.

 

@threadstarter: us lo konni rojule unta ante no point in investing but employer match bavundi kabatti u can invest minimum. Read more about it online, roth option ani untundi :

http://www.cbsnews.com/news/roth-401k-vs-traditional-401k-which-is-best-for-you/

[lucky7]

not true. Roth option teesukunte u can take it out tax free but for a penalty.

 

@threadstarter: us lo konni rojule unta ante no point in investing but employer match bavundi kabatti u can invest minimum. Read more about it online, roth option ani untundi :

http://www.cbsnews.com/news/roth-401k-vs-traditional-401k-which-is-best-for-you/

thanks man

[karna11]

Ltt