Spartan Posted November 25, 2020 Report Posted November 25, 2020 Just now, Sarvapindi said: emp match chesnavi ravalante enni yrs varaku undali depends on market...not years. Quote
Sarvapindi Posted November 25, 2020 Report Posted November 25, 2020 Just now, Spartan said: depends on market...not years. ante? Quote
godfather03 Posted November 25, 2020 Report Posted November 25, 2020 3 minutes ago, Spartan said: employer match chesinavi penalty and tax ki potai..manavi manaki vastai What is your opinion on 401-k loans? Quote
Spartan Posted November 25, 2020 Report Posted November 25, 2020 Just now, godfather03 said: What is your opinion on 401-k loans? unless u fall short of money for house...not worth. Quote
godfather03 Posted November 25, 2020 Report Posted November 25, 2020 Just now, Spartan said: unless u fall short of money for house...not worth. 401-k loan ki katte interest kuda 401-k account lo ne padthundi anta kada... 1 Quote
Spartan Posted November 25, 2020 Report Posted November 25, 2020 Just now, Sarvapindi said: ante? 1st year nuvvu 5K , em 5K vesaranuko... 2n yr 5k -5k + last year invest chesina 10K meeda oka 1K vachindi.. ur total is 21K. ade 1st year invest chesinavi assam anuko market padi...8k aite...ur amount will be 19K. nuvvu withdraw cheskune time ki..ne returns = employer matching aite ok,,,wich happens if there is bull run... market 2008-2011 laga teda kotte time lo teeste..ne dabbul bhi neek raavu. Quote
Spartan Posted November 25, 2020 Report Posted November 25, 2020 Just now, godfather03 said: 401-k loan ki katte interest kuda 401-k account lo ne padthundi anta kada... yes, u will be paying to urself.. Quote
Sarvapindi Posted November 25, 2020 Report Posted November 25, 2020 5 minutes ago, Spartan said: 1st year nuvvu 5K , em 5K vesaranuko... 2n yr 5k -5k + last year invest chesina 10K meeda oka 1K vachindi.. ur total is 21K. ade 1st year invest chesinavi assam anuko market padi...8k aite...ur amount will be 19K. nuvvu withdraw cheskune time ki..ne returns = employer matching aite ok,,,wich happens if there is bull run... market 2008-2011 laga teda kotte time lo teeste..ne dabbul bhi neek raavu. 2nd yr ki 21k unapudu withdraw seste..tax penalty poyi mana 10k vastaya..if market ok..asal ee market endi enduku madyalo Quote
Spartan Posted November 25, 2020 Report Posted November 25, 2020 1 minute ago, Sarvapindi said: 2nd yr ki 21k unapudu withdraw seste..tax penalty poyi mana 10k vastaya..if market ok..asal ee market endi enduku madyalo 21K lo tax will be equivalent to ur tax bracket + 2K = 25% racket veskunna(5K) = 7K poi 13K vastai. but nuvvu eppudante appudu teskolevu...companies condition pedtai, that u cannot withdraw until u leave the company ani.. market aa..... mari nuvvu dachukunna dabbul eamaitai anukuntunnav...?> they are invested in funds. Quote
Rebel_Uncle Posted November 25, 2020 Report Posted November 25, 2020 16 minutes ago, Spartan said: employer match chesinavi penalty and tax ki potai..manavi manaki vastai Wrong information: Employer only matches max 5%, ante Nuvu 5000 vesthe vadu 250$ vesthadu. oka year lo nuvu 10K Vesthe vadu oka 500-1000 vesthadu. Good nuvu withdraw chesukonte 10% outright cut avudhi. so 11k ( 10k + emp 1k) .... 10% early with draw feez podhi + that year neku taxes emi lekapothay you are good, then isntea of 20% slab rate you will be in 15% slab rate US Min 15% start avudhi. 2 Quote
Spartan Posted November 25, 2020 Report Posted November 25, 2020 4 minutes ago, Rebel_Uncle said: Wrong information: Employer only matches max 5%, ante Nuvu 5000 vesthe vadu 250$ vesthadu. oka year lo nuvu 10K Vesthe vadu oka 500-1000 vesthadu. Good nuvu withdraw chesukonte 10% outright cut avudhi. so 11k ( 10k + emp 1k) .... 10% early with draw feez podhi + that year neku taxes emi lekapothay you are good, then isntea of 20% slab rate you will be in 15% slab rate US Min 15% start avudhi. congratulations. 1 Quote
Rebel_Uncle Posted November 25, 2020 Report Posted November 25, 2020 roth IRA can be withdrawn without penality after 5 years. 401K Cant be until 60 . Quote
Boom1 Posted November 25, 2020 Report Posted November 25, 2020 29 minutes ago, Rebel_Uncle said: Wrong information: Employer only matches max 5%, ante Nuvu 5000 vesthe vadu 250$ vesthadu. oka year lo nuvu 10K Vesthe vadu oka 500-1000 vesthadu. Good nuvu withdraw chesukonte 10% outright cut avudhi. so 11k ( 10k + emp 1k) .... 10% early with draw feez podhi + that year neku taxes emi lekapothay you are good, then isntea of 20% slab rate you will be in 15% slab rate US Min 15% start avudhi. what a calculation bro.. first line lone pappulo kaalu vesavu.. As an example, it will be like 50-100% of match until 6% or more of base.. If it is 100% match until 6% , It translates for 100K base to 6000 if you also contribute 6000. So total for that year will be 12000 ( 6k from you and 6k from Employer) 1 Quote
Boom1 Posted November 25, 2020 Report Posted November 25, 2020 25 minutes ago, Rebel_Uncle said: roth IRA can be withdrawn without penality after 5 years. 401K Cant be until 60 . Another wrong info. Quote
Vaampire Posted November 25, 2020 Report Posted November 25, 2020 1 hour ago, Spartan said: its Vanguard for us... @Vaampire employer manage sestadu kabatti verevi explore cheyale Vanguard etc anni default allocation untadi. Like some amount in 2025 plan, something in 2030 plan. 3rd party folks like blooom manage those allocations for us. I think they charge $40-100 per year. Naa friend 401k amount up by 10% this month annadu. Andukey koncham explore chefdam ani @Spartan Quote
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