FID FREEDOM 2050 K - 401 K

[InSearch]

Fulltime vachinappatinundi 401k lo contributing, fidelity managing it.. 

Default idisesina, yeppudu touch cheyyaledu, ivvala log in ayyi chooste adedo plan (FID FREEDOM 2050 K) lo unnay contributions anni.. (Your current asset allocation most closely resembles an Aggressive Growth mix.) ani undi plan kinda.

manam avemaina change cheyyala? norumoosukuni koorchodamenaa? 

I still have very less money in it as I started contributing from only 3 years. Still, do we have to do make any changes?

My idea is to withdraw this money when I go back and settle down in India, say 2022.

I heard that I can wihdraw without paying taxes after say 2023 (when I am not earning anything in USA) and just pay 10% penalty. telisina vallu confirm cheyyagalaru

Thanks!

[Katravelli]

Ante you can check vaadu dentlo invest chesthunnadu ani... as in % wise domestic stock la entha undi international stock la entha undi etc atla and yes you can withdraw if you quit job with 10% penality and taxes

[LadiesTailor]

41 minutes ago, InSearch said:

Fulltime vachinappatinundi 401k lo contributing, fidelity managing it.. 

Default idisesina, yeppudu touch cheyyaledu, ivvala log in ayyi chooste adedo plan (FID FREEDOM 2050 K) lo unnay contributions anni.. (Your current asset allocation most closely resembles an Aggressive Growth mix.) ani undi plan kinda.

 

manam avemaina change cheyyala? norumoosukuni koorchodamenaa? 

I still have very less money in it as I started contributing from only 3 years. Still, do we have to do make any changes?

My idea is to withdraw this money when I go back and settle down in India, say 2022.

I heard that I can wihdraw without paying taxes after say 2023 (when I am not earning anything in USA) and just pay 10% penalty. telisina vallu confirm cheyyagalaru

Thanks!

Your company may be giving fewnother options of investing... check total return on current fund and if you are happy with it, leave as is. If not try to diversify your investments...

coming to withdraw, if you want to leave the country you can withdraw by paying 10% penalty, and the total amount added to your total income for that year and taxable... you can minimize taxes by withdrawing some amount (say 19,750) Per year so you can pay 10% or less 

[InSearch]

3 hours ago, LadiesTailor said:

Your company may be giving fewnother options of investing... check total return on current fund and if you are happy with it, leave as is. If not try to diversify your investments...

coming to withdraw, if you want to leave the country you can withdraw by paying 10% penalty, and the total amount added to your total income for that year and taxable... you can minimize taxes by withdrawing some amount (say 19,750) Per year so you can pay 10% or less 

thank you!

I am very new to this as I never had money invested, repaying debts all the time; I don't with what return I should be happy with.

I guess, I will leave it as is but just wanted to know if this FID FREEDOM 2050 K is a decent investment

[LadiesTailor]

4 minutes ago, InSearch said:

thank you!

I am very new to this as I never had money invested, repaying debts all the time; I don't with what return I should be happy with.

I guess, I will leave it as is but just wanted to know if this FID FREEDOM 2050 K is a decent investment

Did you check how much returns on this ? Usually company sponsored vi very safe bet... leave as is 

[InSearch]

1 minute ago, LadiesTailor said:

Did you check how much returns on this ? Usually company sponsored vi very safe bet... leave as is 

- 4 % year to date
+ 7.1 % since 1 year

[LadiesTailor]

5 minutes ago, InSearch said:

- 4 % year to date
+ 7.1 % since 1 year

Ee year all 401k amounts negative lone vunnayu... 7% is a decent return I would leave as is 

[guntoor_rathaiah]

if you are familiar with investment in 401k you can invest accordingly ,low risk , medium risk and high risk contribution.

if you can not,  fidelity by default invest  all in low risk stocks. which yields 10-20% yearly ( not this year)

 

[InSearch]

21 hours ago, LadiesTailor said:

Ee year all 401k amounts negative lone vunnayu... 7% is a decent return I would leave as is 

thanks bro

[InSearch]

18 hours ago, guntoor_rathaiah said:

if you are familiar with investment in 401k you can invest accordingly ,low risk , medium risk and high risk contribution.

if you can not,  fidelity by default invest  all in low risk stocks. which yields 10-20% yearly ( not this year)

 

not familiar, so I will leave it as is.. thanks bro

[Mana_istam]

On 6/29/2020 at 7:28 AM, InSearch said:

Fulltime vachinappatinundi 401k lo contributing, fidelity managing it.. 

Default idisesina, yeppudu touch cheyyaledu, ivvala log in ayyi chooste adedo plan (FID FREEDOM 2050 K) lo unnay contributions anni.. (Your current asset allocation most closely resembles an Aggressive Growth mix.) ani undi plan kinda.

 

 

 

 

 

 

 

 

 

 

 

 

 

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manam avemaina change cheyyala? norumoosukuni koorchodamenaa? 

I still have very less money in it as I started contributing from only 3 years. Still, do we have to do make any changes?

My idea is to withdraw this money when I go back and settle down in India, say 2022.

I heard that I can wihdraw without paying taxes after say 2023 (when I am not earning anything in USA) and just pay 10% penalty. telisina vallu confirm cheyyagalaru

 

It is a target dated fund. The fund automatically moves certain amount from stocks to bonds as you age. However if you want to be aggressive, pick a different option that is all stock. Expense ratio matters a lot. If this fund has more than 1% expense ratio, move to a low expense index fund that is based on sp500. The index funds have very low expense ratios like 0.1%. Good luck.

[masakali]

On 6/29/2020 at 5:28 AM, InSearch said:

Fulltime vachinappatinundi 401k lo contributing, fidelity managing it.. 

Default idisesina, yeppudu touch cheyyaledu, ivvala log in ayyi chooste adedo plan (FID FREEDOM 2050 K) lo unnay contributions anni.. (Your current asset allocation most closely resembles an Aggressive Growth mix.) ani undi plan kinda.

manam avemaina change cheyyala? norumoosukuni koorchodamenaa? 

I still have very less money in it as I started contributing from only 3 years. Still, do we have to do make any changes?

My idea is to withdraw this money when I go back and settle down in India, say 2022.

I heard that I can wihdraw without paying taxes after say 2023 (when I am not earning anything in USA) and just pay 10% penalty. telisina vallu confirm cheyyagalaru

Thanks!

if you are not comfortable with stocks or do not know much about them, leave it as is. 

This is called target fund, so based on retirement age, this can be picked and fidelity auto balances it frequently based on stocks performance. 

So my suggestion, leave it as is. 

[idibezwada]

bokka

[Pitta]

4 hours ago, idibezwada said:

bokka

[Pandubabu]

I am not an investment advisor but I used to work for an investment company. My 2 cents. 

Most of the 401ks are target funds . If the mix is aggressive growth,  you are good. As you near retirement,  they will adjust portfolio to more conservative ones. Let's say after 10 years ikkade unnav anuko, nuvvu retirement ki 10 years daggraki vachav, your investor will change it to something less aggressive  . Nee daggara manchi paisa unte , it is recommended to ask the investor to continue investing in  the aggressive mix so that returns baguntai. Of course, it comes with risk.andhulo fidelity gadini kallu muskoni follow avvachu .