401 k doubt

[sarvayogi]

orimee bekaar gallara

401k anedi inflation low unappudu 6-7% return istai ani ppl used to contribute

ee rojullo inka 401k contribute chestunnaru with this high inflation ante inka risk appetite zero anukunta...

bocchu bhi your S and P will give any profits compared to 401k. But no body researches and just want to put money and forget even if it doesnt grow...good luck

 

 

[Konebhar6]

46 minutes ago, vatchesa said:

Naku recent ga ayindi bro, ma previous company tho 3 yrs  undali ti get vested, but recent ga layoff ayya within 16 months of employment with them. Nenu vesting gurinchi adiginapudu, they mentioned whatever employer matched till then, it would be vested after 3 years if I leave the funds in same account

May be part of severance package. When you leave on your own, you don’t get.

[LakshmiParvathii]

2 hours ago, Konebhar6 said:

For simplicity sake, if your salary is 100k, if they do 3% match, it means if you contribute at least $3000 into your 401k, company will contribute $3000 into your 401k. If you contribute $2000, company will match only $2000. If the vesting period is 3 yrs. It means company will contribute $3000 each year and it will be yours only after year 3. If you leave company before that, the money is never yours. After 3 yrs its all yours and further contributions vest right away.

ok 

[karna11]

Employer 1 - lo Paychex tho vundi 401k 3 months back employer 2 ki maranu new employer daggara no 401k account. Ippudu Naku vunna option enti?

Nenu own gaa 401k lo pettukovalanteee elaa  

[Gulebakavali]

42 minutes ago, karna11 said:

Employer 1 - lo Paychex tho vundi 401k 3 months back employer 2 ki maranu new employer daggara no 401k account. Ippudu Naku vunna option enti?

Nenu own gaa 401k lo pettukovalanteee elaa  

Individuals can not open 401k on their own, unless they are self-employeed or own a small business. Leave the old employer offered 401k as is and try to read and explore IRA options, subject to correction. 

[LungiLingaraju]

3 hours ago, karna11 said:

Employer 1 - lo Paychex tho vundi 401k 3 months back employer 2 ki maranu new employer daggara no 401k account. Ippudu Naku vunna option enti?

Nenu own gaa 401k lo pettukovalanteee elaa  

1. Cash out - worst option, so light teesko.

2. Leave it there. They will not charge you and money will grow as invested. You will have all access.

Employer 1 will not send a check in your name ( if it on your name, it is considered cash out). They will send only rollover on new employers 401k account ( which unfortunately doesn’t exist). 
 

em company bro ? 401 k lekunda undi ..