401k help

[Spartan]

Just now, Sarvapindi said:

emp match chesnavi ravalante enni yrs varaku undali

depends on market...not years.

[Sarvapindi]

Just now, Spartan said:

depends on market...not years.

ante?

[godfather03]

3 minutes ago, Spartan said:

employer match chesinavi penalty and tax ki potai..manavi manaki vastai

What is your opinion on 401-k loans?

[Spartan]

Just now, godfather03 said:

What is your opinion on 401-k loans?

unless u fall short of money for house...not worth.

[godfather03]

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...

[Spartan]

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.

[Spartan]

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..

[Sarvapindi]

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

[Spartan]

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.

[Rebel_Uncle]

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.

[Spartan]

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.

[Rebel_Uncle]

roth IRA can be withdrawn without penality after 5 years. 

401K Cant be until 60 . 

[Boom1]

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)

[Boom1]

25 minutes ago, Rebel_Uncle said:

roth IRA can be withdrawn without penality after 5 years. 

401K Cant be until 60 . 

Another wrong info.

[Vaampire]

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