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

[siritptpras]

401k

[iTeachSAP]

I may be wrong man...

2012 lo oka article readinaaa...

 

https://timesofindia.indiatimes.com/nri/other-news/NRI-back-in-India-Heres-what-to-do-with-your-401k/articleshow/11633158.cms

 

my case is traditional ira , employer does match but 1%. Incase if i have to pay 30% thats jujubi.. but irs site lo non resident alien tax is flat 30% for a non us trade and business ani undhi..

 

[iTeachSAP]

and also i have plans to withdraw before i retire as i want to start business..

[iTeachSAP]

https://www.irs.gov/businesses/taxation-of-nonresident-aliens-1

[Pipucbn]

2 hours ago, Vaampire said:

Nenu pay check lo 40% petta 401k. First few months loney 401k max out ayindi. Also employer match kooda done. 

 

Ohio ippudu ila kuda chesthunnaranna maata

[Doravaru]

17 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. 

Company 5% istha annadi manam 5% isthene

[AFDBphilosopher]

employer contribute chestey advantage kadha

tax kattinaa vaadi contribution egiripotundi max

Needhi neeku free ga chetilo pedatharu

[dewarist]

12 minutes ago, AFDBphilosopher said:

employer contribute chestey advantage kadha

tax kattinaa vaadi contribution egiripotundi max

Needhi neeku free ga chetilo pedatharu

All depends on how you see. nuvvu pettindi increase aithe profit ee kada future lo

and present lo tax benefit undi kada

[boeing747]

6 hours ago, Peddayana said:

Not having 401k when Employer is matching is like leaving free money on the table 

agree on this..but consulting/contracting chesevallaki when there's no employer matching, will need find other avenue as well, not just 401k

[Lukewalker]

5 hours ago, Staysafebro said:

I am into contracting and don’t have employer match. How can I save? Don’t say get full time because my take home in contracting is 120k per year. No company will pay that for my location or job. 

Invest in Roth IRA or traditional IRA

Save in CDs. Some are high yield with 3.5 % return

Invest in mutual funds, or vanguard target retirement funds. 

[Pipucbn]

Investing in 401k or IRA is much better than keeping the cash in banks.

for the past 15 years the avg returns are 5-8%. If you don’t have any immediate need, that’s a better investment.

People might argue that REal estate will bring better returns but for buying land/property you need a good amount of cash in hand, that’s not the case with 401k, you can invest $1/month also.

[princeofheaven]

3 hours ago, iTeachSAP said:

I may be wrong man...

2012 lo oka article readinaaa...

 

https://timesofindia.indiatimes.com/nri/other-news/NRI-back-in-India-Heres-what-to-do-with-your-401k/articleshow/11633158.cms

 

my case is traditional ira , employer does match but 1%. Incase if i have to pay 30% thats jujubi.. but irs site lo non resident alien tax is flat 30% for a non us trade and business ani undhi..

 

eppatikaina tax kattalsinde dont lose even that 1% that your employer is matching

[idibezwada]

employer march cheykapote picha lite

[Chitti_Robo_Rebuilt]

NIce thread, Inko question company teeseysaru anuko mana 401K money untaya pothaya? Company meeda depend avvadu but money ki aithey emi problem undadu kada?

[mettastar]

23 minutes ago, Chitti_Robo_Rebuilt said:

NIce thread, Inko question company teeseysaru anuko mana 401K money untaya pothaya? Company meeda depend avvadu but money ki aithey emi problem undadu kada?

401k ki vere accounts untayi they maintain them (fidelity, van guard, wells fargo)  .. think of it like a bank account.