Don’t dump your $ into 401k or Ira for now- If your employer doesnt match 401k

[iTeachSAP]

If you loose status, you can still take your money from India.however a flat 30% tax applies to your money along with penalties.Also, you have to pay tax in India. Tadisi mopedu Avuthundhi...

 

 

[iTeachSAP]

30% tax + penalty + tax in india

[tables]

move the money into roth IRA and wait till you are 60.

[whatsapp]

31 minutes ago, iTeachSAP said:

If you loose status, you can still take your money from India.however a flat 30% tax applies to your money along with penalties.Also, you have to pay tax in India. Tadisi mopedu Avuthundhi...

 

 

No its worth as you consider as jobless 

.and India tax easy as you already paying tax here

[Android_Halwa]

Thumb rule : it’s crisis and times of uncertainty. IRA or 401k are silly and stupid. Instead, save all your cash. 

CASH is king in times of uncertainty. No one take away your cash. Keep all your cash with in easy reach and accessible methods. 

401k and IRA doesn’t make any sense or the returns on it or atleast, it’s not worth. 

[iyalrepu]

3 minutes ago, Android_Halwa said:

Thumb rule : it’s crisis and times of uncertainty. IRA or 401k are silly and stupid. Instead, save all your cash. 

CASH is king in times of uncertainty. No one take away your cash. Keep all your cash with in easy reach and accessible methods. 

401k and IRA doesn’t make any sense or the returns on it or atleast, it’s not worth. 

what crisis? @iyalrepu nee maatalu vintey nethi meedha thadi guddey

[iyalrepu]

3 minutes ago, Android_Halwa said:

Thumb rule : it’s crisis and times of uncertainty. IRA or 401k are silly and stupid. Instead, save all your cash. 

CASH is king in times of uncertainty. No one take away your cash. Keep all your cash with in easy reach and accessible methods. 

401k and IRA doesn’t make any sense or the returns on it or atleast, it’s not worth. 

what crisis? @iyalrepu nee maatalu vintey nethi meedha thadi guddey

[alpachinao]

7 minutes ago, Android_Halwa said:

Thumb rule : it’s crisis and times of uncertainty. IRA or 401k are silly and stupid. Instead, save all your cash. 

CASH is king in times of uncertainty. No one take away your cash. Keep all your cash with in easy reach and accessible methods. 

401k and IRA doesn’t make any sense or the returns on it or atleast, it’s not worth. 

Mandu taguthunav endi eppudu negative talk spread chesthav

[princeofheaven]

1 hour ago, iTeachSAP said:

If you loose status, you can still take your money from India.however a flat 30% tax applies to your money along with penalties.Also, you have to pay tax in India. Tadisi mopedu Avuthundhi...

 

 

you can keep it in US and rollover to an IRA and cash out only when the price is right, you only have to pay taxes in US for indian taxes you can claim us tax paid as credit 

[iTeachSAP]

6 hours ago, Android_Halwa said:

Thumb rule : it’s crisis and times of uncertainty. IRA or 401k are silly and stupid. Instead, save all your cash. 

CASH is king in times of uncertainty. No one take away your cash. Keep all your cash with in easy reach and accessible methods. 

401k and IRA doesn’t make any sense or the returns on it or atleast, it’s not worth. 

You got u let your money working while you slep.

 

 

[iam_who_iam]

1:1 undi anukondi, meru cheppina all taxes fines poyaka kooda profit ey kada? why negativity spreading man?

[hunkyfunky]

It's still tax advantage in some cases , especially if it relocate to India and don't withdraw in the same year you have income in USA. 

If you have 0 income in a year , then you pay 15% penalty for withdrawal. If the amount is less than. 45k, then you don't pay any taxes here. 

Not sure about India taxes, but there are ways to avoid if you are creative

 

[phatposts]

Why do you have to pay taxes in India?

You pay penalty but if you cash out in limited amounts per year you do not pay the full bracket. 

Yield wise if you ave better roi definitely go do it. But yearly tax brackets jump avtoo kooda 401 cheyyaka pote every year tax vaayinchukuntavu. Inka employer matching undi kooda 401k contribute cheyyani konni aanimuthyalu naaku telusu. 

Cash is King only if you invest properly. 

[tables]

Think about retirement, manaku parents laaga pension undadu, our kids will ditch us, so make sure you have a roof and some constant source of income when you are in the other side of 60

[Rushabhi]

5 minutes ago, tables said:

Think about retirement, manaku parents laaga pension undadu, our kids will ditch us, so make sure you have a roof and some constant source of income when you are in the other side of 60

Can't upvote this enough. Ee moment kosam choostharu kaani retirement gurinchi aalochincharu enduko