529 plan

[user789]

Future lo ilanti benefits  cheskolemu ani thatha laga evadu waste gadu vasthe...appudu ela..

[user789]

1 hour ago, karna11 said:

Whole life insurence best, I did for my kid

100k structure cheyincha, so paying $569/month

Pros:1M LI started from your policy started.

2. You have to pay until they reach 18 years only. Then on words you can with draw $25k tax free amount every each years like 4 years(so you'll  with draw total 100k)

3. After retirement age they can with draw $25k every year up to they reached 85y

 

 

 

If it's pre -retirement deduction then ? fine entha?

Is it worth investing even if we do pre-retirement?

[karna11]

1 hour ago, Merabharathmahan said:

Life insurance ante okavela manam pothe beneficiary ki vastay kada. Manam brathike unte ela vastay usa lo. TS adigindi kid college fee ki ela save cheyalo 529 plan tho right?  I did not get how Life insurance can do this in usa/india. 

month ki $569 for 16 years kattinam anuko (assume kid is 2 years old now). So $110k you will pay by 18 years old. kid 100k theesukuntadu 4 years lo. 

#3. Kid retire ayyaka $25k each year kid ki istara till they reach 85 years?  not sure how this works. 

 

What is the life insurance policy name

Insurence not for us, whole LI for kids ki

Insurence provider "mass mutual"

 

[karna11]

40 minutes ago, user789 said:

If it's pre -retirement deduction then ? fine entha?

Is it worth investing even if we do pre-retirement?

Pre-retirement deduction enti koncham explain cheyyi

[Spartan]

This is bisket plan for most of us. also for locals.

a money struck aipotadi if ur kids have different plans, and u cannot use it except for education or education related expenses.

[k2s]

7 hours ago, tom bhayya said:

ivanni time waste yavvaraalu sir, elago india ki back potham kadha 

anthey antava baa ? ee 529 kaalegy savings etc anta waste antava  ? 

[user789]

12 minutes ago, k2s said:

anthey antava baa ? ee 529 kaalegy savings etc anta waste antava  ? 

Neeku GC Leda ? 

[user789]

1 hour ago, Spartan said:

This is bisket plan for most of us. also for locals.

a money struck aipotadi if ur kids have different plans, and u cannot use it except for education or education related expenses.

Mari ela plan cheyalu cheppu baa..

only savings won’t be sufficient

[k2s]

1 minute ago, user789 said:

Neeku GC Leda ? 

ARM..AR

[user789]

11 minutes ago, k2s said:

ARM..AR

Ante?

[Spartan]

14 minutes ago, user789 said:

Mari ela plan cheyalu cheppu baa..

only savings won’t be sufficient

put some part of savings into market...7-8% avg returns per year vachina good enough.

monthly oka 500$ ala petti..dont touch it until 10years or ur kids education start..

market padina lechina..forget that investment.

[user789]

2 minutes ago, Spartan said:

put some part of savings into market...7-8% avg returns per year vachina good enough.

monthly oka 500$ ala petti..dont touch it until 10years or ur kids education start..

market padina lechina..forget that investment.

Stocks ?

Bonds ?

CD ?

[Spartan]

1 minute ago, user789 said:

Stocks ?

Bonds ?

CD ?

https://www.thebalance.com/best-robo-advisors-4163993

[user789]

11 minutes ago, Spartan said:

https://www.thebalance.com/best-robo-advisors-4163993

Ok