Mutual funds suggestions

[panipoori]

are subjected to market risk

[Rajugadu]

1 minute ago, Spartan said:

yes...

robin hood lo after tax money pedtav..

maak 401K aite pretax money and employer matching kabatti..risk cover aitadi..

But since you said you can transfer your 401k to brokerage account and buys other options available. Can i just sell my shares, MFs and route that money to my bank account..

asking this question since I heard 401k will not be available until you are 60+ or if you want withdraw then u need to pay a fine/fee for early withdrawal..

[Spartan]

3 minutes ago, Rajugadu said:

But since you said you can transfer your 401k to brokerage account and buys other options available. Can i just sell my shares, MFs and route that money to my bank account..

asking this question since I heard 401k will not be available until you are 60+ or if you want withdraw then u need to pay a fine/fee for early withdrawal..

whatever happens in Vegas..stays in Vegas laga..

whatever u do in 401K ..stays in 401K...and u cannot xfer it to other financial institutes or methods..unless time comes..

or pay penalty.

[Rajugadu]

Just now, Spartan said:

whatever happens in Vegas..stays in Vegas laga..

whatever u do in 401K ..stays in 401K...and u cannot xfer it to other financial institutes or methods..unless time comes..

or pay penalty.

Ahh makes sense now.. Thanks for the info chitti uncle.. much appreciated..

[battu]

17 minutes ago, Spartan said:

yes...

robin hood lo after tax money pedtav..

maak 401K aite pretax money and employer matching kabatti..risk cover aitadi..

at the time of retirement, we pay taxes right?  Mana status gallo deepam kabatti mana funds easily access undali ga.. so Robinhood better emo kadha... and 401k ki early withdrawal penalties untai kabatti.. 

I want my money easily accessible so I can put/take it when I need and also I'm being contractor my employer do not match so I stayed out of 401k

[Spartan]

1 minute ago, battu said:

at the time of retirement, we pay taxes right?  Mana status gallo deepam kabatti mana funds easily access undali ga.. so Robinhood better emo kadha... and 401k ki early withdrawal penalties untai kabatti.. 

I want my money easily accessible so I can put/take it when I need and also I'm being contractor my employer do not match so I stayed out of 401k

no employer matching --> no 401K   thumb rule..

ROTH IRA will be better for consulting guys.. put 5500 every year..after tax..

and any gains on top of them are tax free..

[battu]

1 minute ago, Spartan said:

no employer matching --> no 401K   thumb rule..

ROTH IRA will be better for consulting guys.. put 5500 every year..after tax..

and any gains on top of them are tax free..

ROTH IRA pettina malli penality untadhi ga bro early withdrawal ki

[Spartan]

Just now, battu said:

ROTH IRA pettina malli penality untadhi ga bro early withdrawal ki

yes withdrawl rules apply..

[Rajugadu]

4 minutes ago, Spartan said:

no employer matching --> no 401K   thumb rule..

ROTH IRA will be better for consulting guys.. put 5500 every year..after tax..

and any gains on top of them are tax free..

ROTH IRA vinadame kani emito telidu..plz explain...

[Pumpuhaar]

6 minutes ago, Rajugadu said:

ROTH IRA vinadame kani emito telidu..plz explain...

ROTH IRA is after tax retirement contribution account neek 59 years or more ochinappudu you can withdraw your funds tax free since your money is tax paid....early withdrawl cheskunte only profits meeda tax untadi, no tax on loss

[Amrita]

4 minutes ago, Pumpuhaar said:

ROTH IRA is after tax retirement contribution account neek 59 years or more ochinappudu you can withdraw your funds tax free since your money is tax paid....early withdrawl cheskunte only profits meeda tax untadi, no tax on loss

Oh I see alaga 

[Rajugadu]

3 minutes ago, Pumpuhaar said:

ROTH IRA is after tax retirement contribution account neek 59 years or more ochinappudu you can withdraw your funds tax free since your money is tax paid....early withdrawl cheskunte only profits meeda tax untadi, no tax on loss

What the difference between having them in ur personal bank account vs ROTH..

Some time or the other tax iythe pay chestunnam kada.. does my question make sense?

[Pumpuhaar]

5 minutes ago, Rajugadu said:

What the difference between having them in ur personal bank account vs ROTH..

Some time or the other tax iythe pay chestunnam kada.. does my question make sense?

bank lo unte em ostadi less than 1% interest ostadi....Roth lo unte u can invest in mutual funds.

tax eppudu pay chestaav? oka vela neek MF ammi profits early ga withdraw cheskunte daani meeda tax kadataav...lekapothe enduk kadataav? 

 

 

[Pumpuhaar]

9 minutes ago, Amrita said:

Oh I see alaga 

ochinaava....endi nee sons kastapedtunaara ninnu  

[former]

18 minutes ago, Pumpuhaar said:

ROTH IRA is after tax retirement contribution account neek 59 years or more ochinappudu you can withdraw your funds tax free since your money is tax paid....early withdrawl cheskunte only profits meeda tax untadi, no tax on loss

ROTH IRA lo you can withdraw some money without penalty before 59.