aakpak_karepak007 Posted February 5, 2015 Report Share Posted February 5, 2015 Chala bad opinion unnattu undi FT MEEDA Neeku Dippam Link to comment Share on other sites More sharing options...
Chitralekha Posted February 5, 2015 Author Report Share Posted February 5, 2015 so they are not matching just they have 401(k) plan u can buy into useless, take ur money and put it in ira/roth(IRA) for retirement.. loan illu konadaaniki or health issues ki teesukovachu ..which u can do with ira too and ira has more options and not linked to employer when employer is not matching and its your own money why should put in 401(k)..not a bright idea Employer through aithe BEst kadha?? Tax save avthundhanukunna.. 401k amount cut cheskoni.. remaining amount Paycheck run avthundhi kadha? Link to comment Share on other sites More sharing options...
Moon_Walker Posted February 5, 2015 Report Share Posted February 5, 2015 so they are not matching just they have 401(k) plan u can buy into useless, take ur money and put it in ira/roth(IRA) for retirement.. loan illu konadaaniki or health issues ki teesukovachu ..which u can do with ira too and ira has more options and not linked to employer when employer is not matching and its your own money why should put in 401(k)..not a bright idea Dude i think u have a very interesting point here. I have seen many people always focused on 401(k) but not many talk about IRA/roth(IRA). If u don't mind can u give the pros and cons for IRA/Roth(IRA) as even my employer doesn't match 401(k). What is your opinion on Roth 401(k)? Link to comment Share on other sites More sharing options...
Bhalegunde Posted February 5, 2015 Report Share Posted February 5, 2015 Employer through aithe BEst kadha?? Tax save avthundhanukunna.. 401k amount cut cheskoni.. remaining amount Paycheck run avthundhi kadha? nuvvu taxes file chesinappudu ira lo pettinavi kooda tsx dsvr svuthaayiu just need to enterkaavlante ira loki kooda every month pay chesukovachu kontha amountemployer tho waste..generally limited funds untaayi and malle ujjogam maanesthe u need to roll them over to ira or new 401k with ur new employerso nee money..just u be the master..vaadu match cheste ok..lenappudu 401k anavasaram until u max out ur ira and roth ira(no tax benefit now) Link to comment Share on other sites More sharing options...
Hyderabad_Nawab Posted February 5, 2015 Report Share Posted February 5, 2015 theskuntanoo ledha neekendhuku cheppali.. mari Only benefit 401 and Health insurance ani cheppadam avasarama neeku.. Half Dhimaak fellaw.. Link to comment Share on other sites More sharing options...
Chitralekha Posted February 5, 2015 Author Report Share Posted February 5, 2015 nuvvu taxes file chesinappudu ira lo pettinavi kooda tsx dsvr svuthaayi u just need to enter kaavlante ira loki kooda every month pay chesukovachu kontha amount employer tho waste..generally limited funds untaayi and malle ujjogam maanesthe u need to roll them over to ira or new 401k with ur new employer so nee money..just u be the master..vaadu match cheste ok..lenappudu 401k anavasaram until u max out ur ira and roth ira(no tax benefit now) Super cehpparu.. so, Ira roth research chesi.. ala monthly pay cheyyatam better.. anthe na? Link to comment Share on other sites More sharing options...
Hyderabad_Nawab Posted February 5, 2015 Report Share Posted February 5, 2015 annitikanna imp benefit visa stamping easy +1.. Link to comment Share on other sites More sharing options...
gabbarsingh1 Posted February 5, 2015 Report Share Posted February 5, 2015 common sense... all your calculations are solely based on employer matching with ur investment..... percentage basis meeda contract job lu cheskunetollaki idi varthinchadu..... It is often difficult to make decisions about future, especially when you are thirty or forty years away from your retirement. However, the years do fly especially after the age of thirty five and if you had an extremely busy life raising a family coupled with a demanding career. So, if you are thinking of a good retirement plan then 401(k) and Roth IRA are very good options to consider. What is a 401(k) and Roth IRA? 401(K): 401(k) is an employer-sponsored retirement plan. Employee’s contribution to the 401(k) plan will get deducted from their paycheck every time before taxation. In many cases, Employer will match up to some percentage of Employee`s contribution. Employee’s contribution to the 401(k) plan will be invested in funds based on your choice. It is tax-deferred which means, you are not going to pay taxes until you withdraw the money. Roth IRA: Roth IRA is an individual retirement plan. Contribution to the Roth IRA will get deducted after taxation. So, no need to pay taxes at the time of withdrawal. Is 401k a good option for a H1b visa holder? Absolutely yes, contributions to 401(k) plan is a very good option for H1b visa holders. If your employer is offering 401(k) then it is highly advisable to join the plan for the below reasons. Contributions to the 401(k) plan are free from State and Federal taxes. You have to pay taxes only when you withdraw. If you are in a lower tax bracket when you retire, you will be paying less taxes. If your employer is also contributing to the employee’s 401(k) plan, this is Free Money! You are getting a ROI of 100% for every dollar your employer matches. Where else can you get 100% ROI? 401(k) plan allows you to take loans against the money you have contributed to this plan. Loans will be issued for financing a home, health problems etc. 401(k) plan allows withdrawal of money during financial hard times. 10% penalty will be charged for an early withdrawal before the age of 59.5 years. Here is an example for “Investing in 401(k)” VS “Not Investing in 401(k)”: Your Salary: 100k Employer Match : 100% match up to 4% of your Annual Salary Taxes: 30% Investing in 401(k) Scenario: Your Contribution: 4% of 100k = $4,000 Employer Match: 4% of 100k = $4,000 Total Contribution: $4,000 + $4,000 =$8,000 If you want to withdraw after one year, you will be paying 10% penalty and 30% taxes. So you will get 60% 0f $8000 = $4800 If you don`t invest in 401(k): You will be paying 30% taxes on $4000. You will be left with 70% of $4000 = $2800. $4800 vs $2800. You decide lol... nuvvu contractor aa lekapothe fte? if contractor.. percentage basis aa.. lekapothe salary based... if salary based... with all benefits... then you can ask man... otherwise... it's a waste.. Inni rojulu, e vishayam teliyaka tesukoledu Ipudu year middle lo istado ledo Link to comment Share on other sites More sharing options...
Bhalegunde Posted February 5, 2015 Report Share Posted February 5, 2015 Dude i think u have a very interesting point here. I have seen many people always focused on 401(k) but not many talk about IRA/roth(IRA). If u don't mind can u give the pros and cons for IRA/Roth(IRA) as even my employer doesn't match 401(k). What is your opinion on Roth 401(k)? ira is pre taxes..meaning u get tax benefitroth ira is post taxes..meaning its contributed after u pay taxesboth are excellent for retirement..u can open them with any custodian like etrade,scottrade,vanguard (vanguard is my personal favorite as they have the lowest cost index funds)regd my opinion,vanguard with ultra low fee oneindex funds Link to comment Share on other sites More sharing options...
KothaHero Posted February 5, 2015 Report Share Posted February 5, 2015 Dude i think u have a very interesting point here. I have seen many people always focused on 401(k) but not many talk about IRA/roth(IRA). If u don't mind can u give the pros and cons for IRA/Roth(IRA) as even my employer doesn't match 401(k). What is your opinion on Roth 401(k)? Simple rule if you are young than 59, individual unmarried make less than 115k (2014) , go for RothIRA, or married combined income less than 188k go for Roth IRA Link to comment Share on other sites More sharing options...
Bhalegunde Posted February 5, 2015 Report Share Posted February 5, 2015 Super cehpparu.. so, Ira roth research chesi.. ala monthly pay cheyyatam better.. anthe na? u can do it one go or monthlyactually if u havent filed ur taxes for 2014, u can do it now alos..u can pay into ira until apr 15 of the following yearso u can pay for 2014 today and get tax benefit for ur filing of 2014 taxesira max limit about 6000 anukunta..u can do one go or monthlygo to scottrade and talk to themif u want to do above 10k, u can pay for 2014 and 2015 at one go and use vanguard in that case Link to comment Share on other sites More sharing options...
gabbarsingh1 Posted February 5, 2015 Report Share Posted February 5, 2015 Employer through aithe BEst kadha?? Tax save avthundhanukunna.. 401k amount cut cheskoni.. remaining amount Paycheck run avthundhi kadha? nuvvu ese post nuvvaina sadivava.... nuvvesina thread... nuvvesina post.. they contardict each other... Link to comment Share on other sites More sharing options...
gabbarsingh1 Posted February 5, 2015 Report Share Posted February 5, 2015 Are people here really so dumb or they just act in this DB Link to comment Share on other sites More sharing options...
Chitralekha Posted February 5, 2015 Author Report Share Posted February 5, 2015 u can do it one go or monthly actually if u havent filed ur taxes for 2014, u can do it now alos..u can pay into ira until apr 15 of the following year so u can pay for 2014 today and get tax benefit for ur filing of 2014 taxes ira max limit about 6000 anukunta..u can do one go or monthly go to scottrade and talk to them if u want to do above 10k, u can pay for 2014 and 2015 at one go and use vanguard in that case sure... Link to comment Share on other sites More sharing options...
ipaddress0 Posted February 5, 2015 Report Share Posted February 5, 2015 Chala bad opinion unnattu undi FT MEEDA Neeku dippam Link to comment Share on other sites More sharing options...
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