Retirement without passive income

[lollilolli2020]

14 minutes ago, papampasivadu said:

yep...alantidhe...i prefer charles schwab but anything is fine, concept same...

Canada has something called TFSA, eppudaina withdraw cheskovacchu.....but US lo aa concept ledhu, closest is Roth-IRA but andhullo withdrawals certain age lopu cheste penalties padathay...

so private brokerage account ee gathi...or else treasury direct account open cheskuni treasury bonds konukkunta avi mature aynappudu alla rotate and reinvest cheskuntaa undadame....naku telsi federal bonds ki federal income tax undadu and depending on the state you live, state taxes kuda undaka povacchu....5% per annum gittubatu avuddhi rough ga

emanna practice accounts vuntaya uncle trading vi 

[papampasivadu]

6 minutes ago, lollilolli2020 said:

emanna practice accounts vuntaya uncle trading vi 

no idea bro....ayna em practice chestaav??

I'm talking about long term investments, not day trading...

[lollilolli2020]

Just now, papampasivadu said:

no idea bro....ayna em practice chestaav??

I'm talking about long term investments, not day trading...

mari charles swab robinhood lantidi ani annav. 

[dreamchaser]

E lekkalu ani enduku bro.h4 ead or GC unte IT consultancy start cheating.millions earn cheyochu

[FrustratedVuncle]

25 minutes ago, papampasivadu said:

yep...alantidhe...i prefer charles schwab but anything is fine, concept same...

Canada has something called TFSA, eppudaina withdraw cheskovacchu.....but US lo aa concept ledhu, closest is Roth-IRA but andhullo withdrawals certain age lopu cheste penalties padathay...

so private brokerage account ee gathi...or else treasury direct account open cheskuni treasury bonds konukkunta avi mature aynappudu alla rotate and reinvest cheskuntaa undadame....naku telsi federal bonds ki federal income tax undadu and depending on the state you live, state taxes kuda undaka povacchu....5% per annum gittubatu avuddhi rough ga

5% per annum kinda low. oka 7% - 10% is decent. 
I am investing in S&P 500 every 500/mo for now. Its doing good.

[lollilolli2020]

1 minute ago, dreamchaser said:

E lekkalu ani enduku bro.h4 ead or GC unte IT consultancy start cheating.millions earn cheyochu

consultancy start cheyagane millions ochchestaya anna ?? 

[papampasivadu]

Just now, lollilolli2020 said:

mari charles swab robinhood lantidi ani annav. 

for long term investments in non-registered accounts...

registered accounts like 401k, ira and roth-ira...you can only withdraw after a certain age....otherwise penalties 10% untay

so akkada contribution to paatu inko non-reg acc open cheskuni contribute cheskunte emergency purposes lo aa stocks/funds dissolve cheskuni use cheskovacchu ani na yokka idhi

[papampasivadu]

2 minutes ago, FrustratedVuncle said:

5% per annum kinda low. oka 7% - 10% is decent. 
I am investing in S&P 500 every 500/mo for now. Its doing good.

cool...aythe ayye s&p 500 konni robinhood lo konukkunta undu....

emergency occhinappudu vadocchu or else avi ala grow avthaa untay...but chinna chinna dividends osthaa untay yearly, daani 1099-div form generate avuddhi and you have to include those numbers during tax filing...

[papampasivadu]

3 minutes ago, lollilolli2020 said:

consultancy start cheyagane millions ochchestaya anna ?? 

yrly 4 lakshalu mandhi coming anta gorrelu....there's enough mutton for everybody it seems...kummukunnodiki kummukunnantha ani kavi yokka bhaavam

[FrustratedVuncle]

7 minutes ago, dreamchaser said:

E lekkalu ani enduku bro.h4 ead or GC unte IT consultancy start cheating.millions earn cheyochu

Antha opika ledu anna. Its rough business. Employees think consultancy cheats them, Employer think employess exploiting them with h1b, green card stuff

[dreamchaser]

7 minutes ago, lollilolli2020 said:

consultancy start cheyagane millions ochchestaya anna ?? 

Enduku Ravu bro.with 100k average salary to oka 50 employees (20% commission) 1million per year

[Pahelwan4]

3 hours ago, FrustratedVuncle said:

401k withdrawl:

If we start contributing to 401k from age 30, and do max out 23,000/yr until age 67 we will have $3,687,772.47 saved in 401k at 7%(Standard growth) ROI every year. 

We can withdraw 4% per year from $3,687,772.47, which is 147510.8988/yr, we are still leaving the 3.6M grow at 3%.

The current value of $147,510.90 per year in 2061, adjusted for 3% inflation over 37 years, would be approximately $49,413.63 in today's dollars.

 

Social security benefits pay:

For a single individual with an average $100,000 salary and retiring at age 67:

• Estimated Monthly Benefit: $2,100 - $2,500
• Estimated Annual Benefit: Approximately $25,200 - $30,000 per year

Good thing about social security benefit pay is its adjusted to inflation so, we will get current market value at retirement. 

 

So going with this plan a single income family can get approximately 79k/yr at age 67 in todays dollar value, in spite of no passive income. 

A working couple can double it by doing the same individually which is 158k/yr.  Or can keep it simple and get 49k (401k) + 60k (ssn) = 109k/yr.

Its not going to be easy given ups and downs in life. But its doable. 79k tho without kids responsibility easy ga survive avvochu. ee laddu lo investments, real estate ani stress padakunda. Emantav sodhara...

Appatiki untamo ledo kuda telavadu

[Konebhar6]

53 minutes ago, lollilolli2020 said:

emanna practice accounts vuntaya uncle trading vi 

Plenty. Create an account with Trading View. Its the best in the market. 

Or you can simply create a Google sheet for it and track your decisions. 

[Konebhar6]

3 hours ago, FrustratedVuncle said:

401k withdrawl:

If we start contributing to 401k from age 30, and do max out 23,000/yr until age 67 we will have $3,687,772.47 saved in 401k at 7%(Standard growth) ROI every year. 

We can withdraw 4% per year from $3,687,772.47, which is 147510.8988/yr, we are still leaving the 3.6M grow at 3%.

The current value of $147,510.90 per year in 2061, adjusted for 3% inflation over 37 years, would be approximately $49,413.63 in today's dollars.

 

Social security benefits pay:

For a single individual with an average $100,000 salary and retiring at age 67:

• Estimated Monthly Benefit: $2,100 - $2,500
• Estimated Annual Benefit: Approximately $25,200 - $30,000 per year

Good thing about social security benefit pay is its adjusted to inflation so, we will get current market value at retirement. 

 

So going with this plan a single income family can get approximately 79k/yr at age 67 in todays dollar value, in spite of no passive income. 

A working couple can double it by doing the same individually which is 158k/yr.  Or can keep it simple and get 49k (401k) + 60k (ssn) = 109k/yr.

Its not going to be easy given ups and downs in life. But its doable. 79k tho without kids responsibility easy ga survive avvochu. ee laddu lo investments, real estate ani stress padakunda. Emantav sodhara...

Its a good message for those who have not saved enough so far. 

401k is a good start. Also do SIP of small amounts (Monthly savings) into popular Index funds 

[papampasivadu]

25 minutes ago, Pahelwan4 said:

Appatiki untamo ledo kuda telavadu

That's not an excuse to stop planning.....Actually, if you have that doubt, then you should have 2 plans....

aa time ki unte plan enti?? pothe, mana family kosam plan enti??