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[Merabharathmahan]

Vanguard lo open chesi Target retirement fund edo okati choose chesukunte every year tax filing appudu malli separate ga form edanna file cheyala like stocks. Or just 1099-INT okkate untada Dividend ki. Previously robinhood nundi stocks koni ammithe additional form edo file chesadu cpa tax filing appudu by charging additional 30 dollars. 

[Spartan]

Just now, Merabharathmahan said:

Vanguard lo open chesi Target retirement fund edo okati choose chesukunte every year tax filing appudu malli separate ga form edanna file cheyala like stocks. Or just 1088-INT okkate untada Dividend ki. 

no need. those are tax exempt accounts.

[Merabharathmahan]

2 minutes ago, Spartan said:

no need. those are tax exempt accounts.

Even earnings and dividends?

Nenu Vanguard Target retirement fund okate fund lo motham dabbulu every year eddam anukuntunna. 2035 Target fund anukuntunna, appati varaku retire avvanu but Kid college ki velle time adi so college fee kosam withdraw cheddam ani. Emantaru meeru ee approach. 

Mimmalni direct contact cheyadam ela. Personal messages not working

[Spartan]

1 minute ago, Merabharathmahan said:

Even earnings and dividends?

Nenu Vanguard Target retirement fund okate fund lo motham dabbulu every year eddam anukuntunna. 2035 Target fund anukuntunna, appati varaku retire avvanu but Kid college ki velle time adi so college fee kosam withdraw cheddam ani. Emantaru meeru ee approach. 

Mimmalni direct contact cheyadam ela. Personal messages not working

yes earnings and dividends also..no need to report...for tax

annitiki withdraw chesetappudu kadtav.

np pms.

[Merabharathmahan]

Nenu Vanguard Target retirement fund okate fund lo motham dabbulu every year eddam anukuntunna. 2035 Target fund anukuntunna, appati varaku retire avvanu but Kid college ki velle time adi so college fee kosam withdrawcheddam ani. Emantaru meeru ee approach. 

[Spartan]

Just now, Merabharathmahan said:

Nenu Vanguard Target retirement fund okate fund lo motham dabbulu every year eddam anukuntunna. 2035 Target fund anukuntunna, appati varaku retire avvanu but Kid college ki velle time adi so college fee kosam withdrawcheddam ani. Emantaru meeru ee approach. 

college fee ki retirement fund vadi waste apicer..

repoddune nuvvu retire avute..pillalu neeku chudaru :D

Roth IRA lu vaduko dani kosam.

[pandemkodi]

it looks like SPY ETF Has performed better than target funds(2035) 

 

 

1 Yr	3 Yrs	5 Yrs	10 Yrs	Life
Fidelity Freedom® 2035 Fund	-8.42%	6.67%	5.07%	9.75%	6.14%
S&P 500	-4.38%	9.26%	8.49%	13.12%	8.06%
FID FF 2035 Comp Idx	-6.57%	7.30%	5.57%	10.51%	7.09%
Target-Date 2035	-7.04%	5.83%	4.14%	9.44%	--

[akusharat]

14 hours ago, Merabharathmahan said:

529 plan money ni only education kosame withdraw chesukovachu kada. Roth IRA lo nuvvu any reason tho nina withdraw chesukovachu anytime. Okavela 60 kanna munde withdraw chesthe earnings meeda tax padutundi and may be 10% penalty also on earnings (not on principal contributed amount). 529 plan pre tax kada and monthly contribute cheyala? Contracting lo unna vallaku work out avutada 529 plan. Also okavela kid india lo college cheste istara dabbulu ?

Exactly... anduke I opted for roth ira, 529 has some benefits but when I dont know my future plans if I stay in US or India so picked roth ira

529 is also after tax, but few states have state tax benefits not for me in CA. It can be only used for education and not 100% sure which colleges will be in the list of colleges in whatever country we settle down.

Roth ira also after tax. If we withdraw later, you will pay taxes on earnings not on your principal,

 but more feasibility to remove money for whatever use with penalties (except education, home loan and few other) and can withdraw from anywhere in the world.

 

P.S: I have 401k for retirement,  opened roth ira only for kids education instead of 529

[Merabharathmahan]

4 hours ago, akusharat said:

Exactly... anduke I opted for roth ira, 529 has some benefits but when I dont know my future plans if I stay in US or India so picked roth ira

529 is also after tax, but few states have state tax benefits not for me in CA. It can be only used for education and not 100% sure which colleges will be in the list of colleges in whatever country we settle down.

Roth ira also after tax. If we withdraw later, you will pay taxes on earnings not on your principal,

 but more feasibility to remove money for whatever use with penalties (except education, home loan and few other) and can withdraw from anywhere in the world.

 

P.S: I have 401k for retirement,  opened roth ira only for kids education instead of 529

Roth IRA account endulo open chesaru. I want to open one but funds gurinchi assalu idea ledu so vanguard or fidelity which one has balanced funds. 

meeru Funds ela pick chesukuntaru. How do u decide. Meeru fulltime or contracting?

[Merabharathmahan]

8 hours ago, Merabharathmahan said:

Roth IRA account endulo open chesaru. I want to open one but funds gurinchi assalu idea ledu so vanguard or fidelity which one has balanced funds. 

meeru Funds ela pick chesukuntaru. How do u decide. Meeru fulltime or contracting?

 

[Pumpuhaar]

23 hours ago, Spartan said:

college fee ki retirement fund vadi waste apicer..

repoddune nuvvu retire avute..pillalu neeku chudaru

Roth IRA lu vaduko dani kosam.

Roth IRA account open cheyadaniki citizen or resident status avasarama? unable to create account with Vanguard

[Merabharathmahan]

11 minutes ago, Pumpuhaar said:

Roth IRA account open cheyadaniki citizen or resident status avasarama? unable to create account with Vanguard

Resident Alien. H1 meeda 6 months kante ekkuva US lo unte u r treated as Resident Alien (GC vallu kooda same) for taxes purpose  

nuvvu em pettinav non resident alien ani pettinava?  

seniors when we are ready to withdraw from vanguard, should we be in usa as resident alien or is it ok to be non resident and withdraw from india. 

[Pumpuhaar]

13 minutes ago, Merabharathmahan said:

Resident Alien. H1 meeda 6 months kante ekkuva US lo unte u r treated as Resident Alien (GC vallu kooda same) for taxes purpose  

nuvvu em pettinav non resident alien ani pettinava?  

seniors when we are ready to withdraw from vanguard, should we be in usa as resident alien or is it ok to be non resident and withdraw from india. 

Yeah non resident alien ani pettina...will correct it

[Merabharathmahan]

14 minutes ago, Pumpuhaar said:

Yeah non resident alien ani pettina...will correct it

Online lo info fill cheste account open ayitada or do we need to send any documents to vanguard to open Roth IRA account? 

[Merabharathmahan]

23 hours ago, Spartan said:

college fee ki retirement fund vadi waste apicer..

repoddune nuvvu retire avute..pillalu neeku chudaru :D

Roth IRA lu vaduko dani kosam.

Spartan, Roth IRA vanguard lo open chesi  Two Target retirement funds choose chesukovacha like 2035 and 2045. Two funds lo contribute cheddam anukuntunna One is for kid education and other one is for my retirement.