How much you should save in 401k

[TensionNahiLeneka]

1 minute ago, Spartan said:

 

let say ur salary is 100K.

with std deduction rates, married filing jointly ( u and spouse) = 24K

so ur AGI (annual gross income) = 100-24 = 76K

a 76K lo lets say u move like 5K to 401, then ur AGI = 71K  (assuming u dont have any other income from stocks etcc)

71K ki tax kadtav whcih falls in the  below 12% range.

12%

$19,051 to $77,400

so standerd ga 24% ayite potada? 

or migata 12% naaku tax returns la vastada? 

[Spartan]

Just now, Lakhan said:

child credits etla ba?

child ki add 2000$ to the exemption (intaku mundu 4500 unde adi taggincharu)

of which u will get 1400 back.

[Spartan]

3 minutes ago, TensionNahiLeneka said:

so standerd ga 24% ayite potada? 

or migata 12% naaku tax returns la vastada? 

24% povadam endi...

overall ga 76K ki nuvvu katte tax is 12% which is close to 9100 approx.

nuvvu 9100 kanna ekkuva federal tax kadite.which most of us do by default) .a migita paisal vapas vastai.

nuvvu 9100 kanna enta ekkuva intial ga kadite...anta ekkuva tax returns vastai ..simple math.

[TensionNahiLeneka]

3 minutes ago, Spartan said:

24% povadam endi...

overall ga 76K ki nuvvu katte tax is 12% which is close to 9100 approx.

nuvvu 9100 kanna ekkuva federal tax kadite.which most of us do by default) .a migita paisal vapas vastai.

nuvvu 9100 kanna enta ekkuva intial ga kadite...anta ekkuva tax returns vastai ..simple math.

ante naa salary 100k lo 24k already tax kattinam kada. 

malli 76 lo 12% katalna? 

[Spartan]

1 minute ago, TensionNahiLeneka said:

ante naa salary 100k lo 24k already tax kattinam kada. 

malli 76 lo 12% katalna? 

ne yavva standard deduction ante...nuvvu 24K kattadam kaadu....

neeku tax enta amount ki veyyali anedi..a 24K nee 100K lo nunchi neeku std deduction kinda count cheyaru..u pay tax only for 76K....

[Kalam_Youtheman]

35 minutes ago, MeetFriendz said:

Yee tax bracket yekada choodachu bhayaa?

nee sal cheppu nenu chepthaa nee bra

[TensionNahiLeneka]

18 minutes ago, Spartan said:

ne yavva standard deduction ante...nuvvu 24K kattadam kaadu....

neeku tax enta amount ki veyyali anedi..a 24K nee 100K lo nunchi neeku std deduction kinda count cheyaru..u pay tax only for 76K....

abba atla gussa kaake. spamming to batike nenu leka leka okka prashna adigina. arrtam avadaniki lkastam ayitundi. 

[Spartan]

5 minutes ago, TensionNahiLeneka said:

abba atla gussa kaake. spamming to batike nenu leka leka okka prashna adigina. arrtam avadaniki lkastam ayitundi. 

ardham ainda leda

[Simple123]

6% employer match cheste nuvvu 6% pettu , 

$5,100 from employer 

$5100 from you 

====

total $10,200 in 401k. 

For example , 3 yrs lo go back ante 

$10,200 + $ 10,200 + $816 (8% return on first yr) + $10,200 + $1697 (8% return on previous amount)

==  $33113 

assuming that you will withdraw after 3 yrs ..  ==  $25828 (based on 22% tax bracket)

 

If you don't put any money in your account  == $15300 .. taxed at  22% you will have $11934 in your account. 

 

So $25828  > $11934,.. 

 

suggested 6% contribution is good based on 3 yr exit plan

 

 

 

[TensionNahiLeneka]

11 minutes ago, Spartan said:

ardham ainda leda

76K ki maatrame tax kadatam ante, 24K ekkada poyindi? 24K taxes, and then malli 9K (12%) taxes kooda teesukuntada? 

 

lekapote ee discussion malli eppudaina cheddam. neeku avsaram ayite PM chesta. kaaka 

[Spartan]

1 minute ago, TensionNahiLeneka said:

76K ki maatrame tax kadatam ante, 24K ekkada poyindi? 24K taxes, and then malli 9K (12%) taxes kooda teesukuntada? 

24K ekkad povu vayya....nuvvu 76K ki matrame 9K tax kadtav..migitadi anta ne deggare untadi(except state tax+SSN+ Medicare)

ne W2 lo federal tax withheld box lo 9100 kanna ekkuva unte..a migita paisal neek tax returns lo vastai.

 

[TensionNahiLeneka]

5 minutes ago, Spartan said:

24K ekkad povu vayya....nuvvu 76K ki matrame 9K tax kadtav..migitadi anta ne deggare untadi(except state tax+SSN+ Medicare)

ne W2 lo federal tax withheld box lo 9100 kanna ekkuva unte..a migita paisal neek tax returns lo vastai.

 

last time naadi 14K Fed Tax vunde, but appudu 401K ledu. and return "lotta peesu" kooda raale. 

FYI: this time naaku konchem artam ayyindi. migata malli aduguta eppudaina.  

 

nuvve laptop la youtube open chesi, "dandallaya from bahubali" song vesukoni vineseyyi bhayya. tussi great ho..

[Spartan]

3 minutes ago, TensionNahiLeneka said:

last time naadi 14K Fed Tax vunde, but appudu 401K ledu. and return "lotta peesu" kooda raale. 

FYI: this time naaku konchem artam ayyindi. migata malli aduguta eppudaina.  

 

nuvve laptop la youtube open chesi, "dandallaya from bahubali" song vesukoni vineseyyi bhayya. tussi great ho..

last time tax bracket takkuva unde...e sari change aindi kada tax plan...so vastai le..

[pumpkin]

IRA roth lo nundi money tesina (Before 60) we need to pay 10 % penality aaa

[Spartan]

2 minutes ago, pumpkin said:

IRA roth lo nundi money tesina (Before 60) we need to pay 10 % penality aaa

yes