BulletBaskar Posted March 15, 2017 Author Report Posted March 15, 2017 3 minutes ago, Bhai said: max 5.5K. antha ku minchi emi cheylevu. book an appt or walk in to bofa with your id. that's it. mari @papampasivadu bro emo investments antunnadu....aa point lo naku clarity raledu Quote
Bhai Posted March 15, 2017 Report Posted March 15, 2017 1 minute ago, BulletBaskar said: mari @papampasivadu bro emo investments antunnadu....aa point lo naku clarity raledu nee case ki traditional ira vellalsostundi. to save tax. Tax Incentives Both traditional and Roth IRAs provide generous tax breaks. But it’s a matter of timing when you get to claim them. Traditional IRA contributions are tax deductible on both state and federal tax returns for the year you make the contribution, while withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free. So with traditional IRAs, you avoid taxes when you put the money in. With Roth IRAs, you avoid taxes when you take it out in retirement. http://www.rothira.com/traditional-ira-vs-roth-ira Quote
BulletBaskar Posted March 15, 2017 Author Report Posted March 15, 2017 23 minutes ago, Bhai said: nee case ki traditional ira vellalsostundi. to save tax. Tax Incentives Both traditional and Roth IRAs provide generous tax breaks. But it’s a matter of timing when you get to claim them. Traditional IRA contributions are tax deductible on both state and federal tax returns for the year you make the contribution, while withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free. So with traditional IRAs, you avoid taxes when you put the money in. With Roth IRAs, you avoid taxes when you take it out in retirement. http://www.rothira.com/traditional-ira-vs-roth-ira thank you Bhai Quote
BulletBaskar Posted March 15, 2017 Author Report Posted March 15, 2017 48 minutes ago, Bhai said: account open chesetappudu vade explain chestadu... nee case lo vadu traditional suggest chestadu. overview of Traditional vs Roth: http://www.investopedia.com/articles/retirement/03/012203.asp Bhai Entha veyyali IRA lo to avoid 1200? 1200 esthe 1200 avoid cheyocha? Or 1500 ala veyala to get the tax benefit? Quote
pentaya Posted March 15, 2017 Report Posted March 15, 2017 5 hours ago, BulletBaskar said: kavali ye bank lo IRA teskunte, takkuva fees untadi? I have to pay 1200 while i am doing taxes in Turbotax, it suggested to open IRA koncham exprerts vachi naku suggestions ivvandi pls enni days lo IRA open cheyochu entha fees untadi em cheyali IRA open cheyali ante...online cheyocha? etc etc hahaha.. IRA ante nenu idi anukunna : https://en.wikipedia.org/wiki/Irish_Republican_Army Quote
Bhai Posted March 15, 2017 Report Posted March 15, 2017 29 minutes ago, BulletBaskar said: Bhai Entha veyyali IRA lo to avoid 1200? 1200 esthe 1200 avoid cheyocha? Or 1500 ala veyala to get the tax benefit? depends on case to case. can't say in your case. mine was 5.5k in ira to get 5.5k extra in refund. Quote
BulletBaskar Posted March 15, 2017 Author Report Posted March 15, 2017 1 minute ago, Bhai said: depends on case to case. can't say in your case. mine was 5.5k in ira to get 5.5k extra in refund. depends on case endi bhai adi antha kaadu....nenu 1200 tax kattodhu anukuntunna.....so nenu Traditional IRA lo entha veyali adi cheppu chaalu Quote
BulletBaskar Posted March 15, 2017 Author Report Posted March 15, 2017 4 minutes ago, pentaya said: hahaha.. IRA ante nenu idi anukunna : https://en.wikipedia.org/wiki/Irish_Republican_Army pentaya Quote
pentaya Posted March 15, 2017 Report Posted March 15, 2017 21 minutes ago, BulletBaskar said: pentaya hehehehe... Quote
LungiLingaraju Posted March 15, 2017 Report Posted March 15, 2017 IRA ki kuda limit undi bro .. $100k or something aithe not eligible Quote
Bhai Posted March 15, 2017 Report Posted March 15, 2017 11 minutes ago, LungiLingaraju said: IRA ki kuda limit undi bro .. $100k or something aithe not eligible Roth IRA Traditional IRA 2016 Contribution Limits $5,500; $6,500, if age 50 or older $5,500; $6,500, if age 50 or older 2016 Income Limits Single tax filers with modified AGIs of less than $132,000 (phase-out begins at $117,000); married couples filing jointly with modified AGIs of less than $194,000 (phase-out begins at $184,000) Anyone with earned income can contribute but tax deductibility is based on income limits and participation in employer plan Quote
thoooochhhhh Posted March 15, 2017 Report Posted March 15, 2017 3 hours ago, BulletBaskar said: what is the process to invest? scottrade lo account create cheyala bro? its not mandatory to invest .....just IRA lo vesukovachu for tax benefits and the limit is $5500 Quote
Neutral Posted March 15, 2017 Report Posted March 15, 2017 promotion evadu isthunnado check chesuko https://www.nerdwallet.com/blog/investing/the-best-ira-account-providers/ Quote
jadugar Posted March 16, 2017 Report Posted March 16, 2017 7 hours ago, BulletBaskar said: what is the process to invest? scottrade lo account create cheyala bro? go to nearest scottrade ofis Quote
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