401k kakunda pre tax contributions em unnay tax ssve kosam

[Merabharathmahan]

tax saving kosam 401k kakunda inka em unnay. should be easy to withdraw any time without much hassles. 

[surya_tej]

Traditional IRA is also pre tax i guess

[Vaampire]

Health saving account lo u can save up to 6700 if married 

[krishnote3]

IRA ROTH ..fidelity lo open cheyochuuu ..already chesaa

[ManchoduSrinu]

1 hour ago, Merabharathmahan said:

tax saving kosam 401k kakunda inka em unnay. should be easy to withdraw any time without much hassles. 

Nothing.... HRA/HSA Untaai kaani avi health spending accounts.. Not Savings type...

[zzeb]

Traditional IRA(Not ROTH IRA. ROTH IRA is post tax). Also there are yearly contribution limits for an IRA. Eligibility for an IRA is  based on your income. Google for those limits and conditions

529 Plans for kids education is another type of account some people use. This is pre tax money as well, but money is to be used for kids education related expenses only if i am not mistaken. Search for the fine print online

[sanbk]

HSA employer gadu ivvakapoyina can we talk to insurance company and take it?

[k2s]

1 hour ago, Merabharathmahan said:

tax saving kosam 401k kakunda inka em unnay. should be easy to withdraw any time without much hassles. 

1) Additional 20k u can contribute towards 401k w/o emplyr match

2) ira undi, but income shud be less than $108k ani edo limit

3) hsa, fsa, fdsa, etc

4) mortagage

 

[MeraBharat_Mahan]

529 loki you can only put after tax money...the earning you make on it are not taxable and it should be used only for education purposes

 

your contributions aren't pre-tax (you pay state and federal tax on the money you put into the account), there are some states that let you deduct a portion of your contributions from your state taxes.

http://money.howstuffworks.com/personal-finance/college-planning/financial-aid/5294.htm

[mettastar]

45 minutes ago, k2s said:

1) Additional 20k u can contribute towards 401k w/o emplyr match

2) ira undi, but income shud be less than $108k ani edo limit

3) hsa, fsa, fdsa, etc

4) mortagage

 

Vuncle can you elaborate this one.. 401k limit 18k ne anukunna adi kakunda 20k antunnava?

[papampasivadu]

1 hour ago, krishnote3 said:

IRA ROTH ..fidelity lo open cheyochuuu ..already chesaa

Roth IRA will still tax you on contributions...but the income from dvidends or transactions remain tax free inside Roth...

Income tax advantage kavalante traditional IRA ee...

[Merabharathmahan]

Contract job lo h1 meeda asalu annual salary entho kooda cheppalekapotunnam because bench period. 401k lo enroll ayi bench meedikosthe bokke kada. consistent fulltime job unte edo oka dantlo systametic monthly contribution lo enroll kavochu.

 

[chicchara]

4 minutes ago, Merabharathmahan said:

Contract job lo h1 meeda asalu annual salary entho kooda cheppalekapotunnam because bench period. 401k lo enroll ayi bench meedikosthe bokke kada. consistent fulltime job unte edo oka dantlo systametic monthly contribution lo enroll kavochu.

 

enni paisal vachina rakapoina... u hav to keep saving anedhi thumb rule kadha. immaterial of u get pay per month in regular basis or not

[papampasivadu]

7 minutes ago, Merabharathmahan said:

Contract job lo h1 meeda asalu annual salary entho kooda cheppalekapotunnam because bench period. 401k lo enroll ayi bench meedikosthe bokke kada. consistent fulltime job unte edo oka dantlo systametic monthly contribution lo enroll kavochu.

 

Monthly contribution cheyyali ani rule em ledhu kadha...dabbulu unnappudo esko...lenappudu lite..

[zzeb]

2 hours ago, MeraBharat_Mahan said:

529 loki you can only put after tax money...the earning you make on it are not taxable and it should be used only for education purposes

 

your contributions aren't pre-tax (you pay state and federal tax on the money you put into the account), there are some states that let you deduct a portion of your contributions from your state taxes.

http://money.howstuffworks.com/personal-finance/college-planning/financial-aid/5294.htm

You are correct. My bad. Contributions are post tax. Gains within are tax advantaged