How much you should save in 401k

[Silent_Boy]

10 minutes ago, Spartan said:

etrade.

[TensionNahiLeneka]

2 minutes ago, Lakhan said:

april 15 varaku invest cheyyochu and claim cheyyochu..

 

le nenu annitiki first vunta. lkast minute lo ante kastam naato

[Chakram12]

1 hour ago, Spartan said:

   its terrible here man..with single income... 40K chetiki vaste andulo 24K rent ke potundi...inko 16 lo anni kharchulu chuskovali..

illu kone plan ledha uncle ?

[littlestar]

Achhe Din

[Spartan]

1 hour ago, Chakram12 said:

illu kone plan ledha uncle ?

e salary to em kontam le..a rates ni tattukolem    1M kinda taggatledu evvadu...adi atu Dublin outskirts lo..

[InSearch]

23 hours ago, Simple123 said:

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

 

 

 

Thanks bayya.. ninnati varaku nenu 3% contributing and employer contributing 6% (employer 6% max no matter what you do)

ivvale change chesa, nenu 6% and employer 6% kalisi total 12% going to 401k.

mee experience and knowledge ni batti 12% manchidi antara? ledante inko 3% add cheyyamantaara?

@Spartan bro.. you also throw some light.. 

[InSearch]

21 hours ago, Spartan said:

etrade.

why not robinhood, any benefits?

[Simple123]

34 minutes ago, InSearch said:

why not robinhood, any benefits?

it is good now. any trading account which provides low transaction fee and lot of options to trade is good

 

40 minutes ago, InSearch said:

Thanks bayya.. ninnati varaku nenu 3% contributing and employer contributing 6% (employer 6% max no matter what you do)

ivvale change chesa, nenu 6% and employer 6% kalisi total 12% going to 401k.

mee experience and knowledge ni batti 12% manchidi antara? ledante inko 3% add cheyyamantaara?

@Spartan bro.. you also throw some light.. 

no need , your base salary is $82k. so 12% is good .

[Chakram12]

On 8/29/2018 at 3:57 PM, Spartan said:

e salary to em kontam le..a rates ni tattukolem    1M kinda taggatledu evvadu...adi atu Dublin outskirts lo..

 

anthe antava 

[Spartan]

Just now, Chakram12 said:

anthe antava 

yeah...future gurinchi alochiste bhayamestundi...

[Chakram12]

3 minutes ago, Spartan said:

yeah...future gurinchi alochiste bhayamestundi...

Spartan anni peru petukoni bhayam anaku uncle. DB prajala leader vi, nuve illa matladithe @k2s em antadu sepu

[Spartan]

Just now, Chakram12 said:

Spartan anni peru petukoni bhayam anaku uncle. DB prajala leader vi, nuve illa matladithe @k2s em antadu sepu

@k2s  is millionaire in Redmond.... no comparison

[k2s]

7 hours ago, Spartan said:

@k2s  is millionaire in Redmond.... no comparison

I aint man.. piscop maaya is

[InSearch]

17 hours ago, Simple123 said:

it is good now. any trading account which provides low transaction fee and lot of options to trade is good

 

no need , your base salary is $82k. so 12% is good .

Thank you so much bhayya..