401k question

[jua_java]

ma company 3% match chestundi ...is this a good match and ok start investing in 401k ? 

India vellipote e money withdraw cheskunte fine entha padudi, in this case is it still worth to go for this 401k?

[xano917]

3 minutes ago, jua_java said:

ma company 3% match chestundi ...is this a good match and ok start investing in 401k ? 

India vellipote e money withdraw cheskunte fine entha padudi, in this case is it still worth to go for this 401k?

How much of 3% do they match ? 
 

ex: some match 50% of 3% 

10%fine 

[jua_java]

1 minute ago, xano917 said:

How much of 3% do they match ? 
 

ex: some match 50% of 3% 

10%fine 

100% until 3% and 50% until 5% .

 

so 10% fine ante entha match component vunna ultimately loss e kada , if we do an early withdrawal 

[xano917]

Just now, jua_java said:

100% until 3% and 50% until 5% .

 

so 10% fine ante entha match component vunna ultimately loss e kada , if we do an early withdrawal 

So first 3% ki 100% . 3-5 % ki 50% ante Manchi deal 

10% fine ante , not 10% of salary . 10% of 401k value .

 

kalllu musukoni 5% contribute cheyyi man 

[You_Know_Who]

3 minutes ago, jua_java said:

100% until 3% and 50% until 5% .

 

so 10% fine ante entha match component vunna ultimately loss e kada , if we do an early withdrawal 

https://www.nerdwallet.com/blog/investing/early-withdrawals-401ks/

[Simple123]

contribute min of 5% .

[jua_java]

22 minutes ago, Simple123 said:

contribute min of 5% .

Ok

[k2s]

42 minutes ago, jua_java said:

ma company 3% match chestundi ...is this a good match and ok start investing in 401k ? 

India vellipote e money withdraw cheskunte fine entha padudi, in this case is it still worth to go for this 401k?

its good put money in 401k than paying to govt (as tax)

atleast money nee mundu ee untundi and for sure know that you can withdraw at some point. 

[chicchara]

lets say you invest 5% of your 100k income for 3 years. thats like 5000 

15000 untadhi before taxes--- 

after 3 years u can take loan out of 15k and pay it back for yourselves at less interest

you can take loan to do down payment for home..at low int rate

if your company matches additional 3%... thats like another 9000. so total 24000

if you dont invest 5%.. 

you wont have 15k... you will end up paying taxes on that 15k (33% of it = 4500) 

you wont get dividends that you would have from 15k

 

even if you do early withdraw... the amount your company matched (free money) will go in taxes. the exact amount you saved will be your without having to pay that 4500 (33% of income). you still are in positive. 

bokkalo alochanalu pettukokunda.. invest cheyi bro 401k lo

 

[xano917]

6 minutes ago, k2s said:

its good put money in 401k than paying to govt (as tax)

atleast money nee mundu ee untundi and for sure know that you can withdraw at some point. 

tax yeppudu ayina kattalasindhey ga... 

[chicchara]

2 minutes ago, xano917 said:

tax yeppudu ayina kattalasindhey ga... 

if withdraw after retirement...you dont hav to pay early withdrawal penalty

[k2s]

1 minute ago, xano917 said:

tax yeppudu ayina kattalasindhey ga... 

no.. atleast you dont pay on the growth .... 

[xano917]

3 minutes ago, chicchara said:

if withdraw after retirement...you dont hav to pay early withdrawal penalty

that is not tax no 

[ravana]

11 minutes ago, k2s said:

no.. atleast you dont pay on the growth .... 

adi Roth 401K or IRA aithene, regular 401k or IRA ki you have to pay taxes 

[chicchara]

1 minute ago, ravana said:

adi Roth 401K or IRA aithene, regular 401k or IRA ki you have to pay taxes 

apart from all these discos... do you think people are actively making their money grow? 

they either give it to someone or spend on frivolous things or a dear friend will come by to ask for money. 

why be in that position when you have chance to grow your money by say atleast 1%