Guest Posted April 7, 2015 Report Posted April 7, 2015 Consulting lo andaru lite teeskuntaru kaani its best to start investing/saving in 401k atleast 10% of your income..talk to your employer..they won't match kaani atleast you can save your part which is tax free..fina gaa FT teeskunnappudu you can transfer it..last ki manaki migilevi ive.. %$#$
dappusubhani Posted April 7, 2015 Report Posted April 7, 2015 kindly throw some more light on this bro..
Yuvatha Posted April 7, 2015 Report Posted April 7, 2015 full details plz how many years aindi nuvochi
Hyderabad_Nawab Posted April 7, 2015 Report Posted April 7, 2015 GP.. Yup.. nenu Last Year Started.. Too Much Adv untadhi (Employer Match - 5%, upto 18000$ Tax Free)... Only Prob is if Employer don't Match.. Tax Free ayina kuda.. if u Cancel the Plan and take all da Money before Retirement you will end up Paying More for the Taxes and Penalty (Around 40%).. If Employer don't Match - Traditional IRA (Not ROTH) better antaaru..Not Eligible for 401k.. Max Contribution 5500$.. check once..https://www.dailyworth.com/posts/272-ira-vs-401k-what-s-the-difference
vaade_veedu Posted April 7, 2015 Report Posted April 7, 2015 yes ne inka match cheyyaledu.. 30% tax katte badulu 10% katti lakkodam better
Spartan Posted April 7, 2015 Report Posted April 7, 2015 decided not to do this year also... already akkada oka 40K varaku unnai...em cheyalo ardham avvatam le.. company vadile daaka tiyalenu...avi even if im ready to pay taxes/fine... -- COmpany Rule.. only thing is i can take loan on 20K..and pay the interest to myself...whcih i dont want to...
Bairagi From Bapatla Posted April 7, 2015 Report Posted April 7, 2015 how many years aindi nuvochi 6yrs silent_I1 silent_I1
Hyderabad_Nawab Posted April 7, 2015 Report Posted April 7, 2015 decided not to do this year also... already akkada oka 40K varaku unnai...em cheyalo ardham avvatam le.. company vadile daaka tiyalenu...avi even if im ready to pay taxes/fine... -- COmpany Rule.. only thing is i can take loan on 20K..and pay the interest to myself...whcih i dont want to... Hmm Kaani Edanna Manchi Savings Options kadha maa.. Company Matching Money + No Tax Miss avthaav.. Calculate seste manaki Interest kanna ekkuva Workout avtadhi.. Atleast mee Company Matching varaku veste better emo,..
Guest Posted April 7, 2015 Author Report Posted April 7, 2015 kindly throw some more light on this bro.. go through this for complete details http://practicalmoneyskills.com/personalfinance/lifeevents/benefits/401k.php short lo cheppalante..idi retirement savings you will get after you are 60 or older..manam vache paisal tho savings cheyatam kashtam ..marriage..kids etc inka always expenses most of the time..so this is the better of saving and also this is tax free
Spartan Posted April 7, 2015 Report Posted April 7, 2015 Hmm Kaani Edanna Manchi Savings Options kadha maa.. Company Matching Money + No Tax Miss avthaav.. Calculate seste manaki Interest kanna ekkuva Workout avtadhi.. Atleast mee Company Matching varaku veste better emo,.. yeah nenu 6000 veste company is matching 4500 kaani my present scenario is not so good...will wait for one more year.... in hand cash avasaram undi.....as of now...
Hyderabad_Nawab Posted April 7, 2015 Report Posted April 7, 2015 yeah nenu 6000 veste company is matching 4500 kaani my present scenario is not so good...will wait for one more year.... in hand cash avasaram undi.....as of now... Oh..got it.. Mari nenu 6000 ista.. Naaku Year End kalla 8500 Istaava (Remaining 2000) nuvvu unchuko...
Spartan Posted April 7, 2015 Report Posted April 7, 2015 Oh..got it.. Mari nenu 6000 ista.. Naaku Year End kalla 8500 Istaava (Remaining 2000) nuvvu unchuko... paina seppindi enti nenu.. ala eppudante appudu teskodaniki (with penalty/tax) option unte nene pette vadini kada
Hyderabad_Nawab Posted April 7, 2015 Report Posted April 7, 2015 go through this for complete details http://practicalmoneyskills.com/personalfinance/lifeevents/benefits/401k.php short lo cheppalante..idi retirement savings you will get after you are 60 or older..manam vache paisal tho savings cheyatam kashtam ..marriage..kids etc inka always expenses most of the time..so this is the better of saving and also this is tax free FTE Thappa.. Max Consul evaru 401(K) cheyyaru kadha..
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