Variety_Pullayya Posted December 18 Report Share Posted December 18 11 hours ago, krishnaaa said: HSA and 401K maxed out 8300+(23000)*2 = 54300$ No tax why so much in HSA every year? Quote Link to comment Share on other sites More sharing options...
HugoStrange Posted December 18 Report Share Posted December 18 16 hours ago, ManchamKodi said: meeru investment chestunara uncles this is the best thing you can do in USA bro. Even if no match or anything keep investing in 401k 2 Quote Link to comment Share on other sites More sharing options...
HugoStrange Posted December 18 Report Share Posted December 18 56 minutes ago, Variety_Pullayya said: why so much in HSA every year? he means HSA lo 8300, nuvu just aa year lo emi use cheyali ani emi ledu. you can use this your life long and can withdraw after you are 65. Its triple tax benefit. Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted December 18 Report Share Posted December 18 1 hour ago, Variety_Pullayya said: why so much in HSA every year? HSA is a must. You can invest your money in HSA. I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later. Claimed a medical bill from 5 years ago last week when I needed money Its better to let money grow tax free. Never get in the way of compounding. Quote Link to comment Share on other sites More sharing options...
Variety_Pullayya Posted December 18 Report Share Posted December 18 40 minutes ago, HugoStrange said: he means HSA lo 8300, nuvu just aa year lo emi use cheyali ani emi ledu. you can use this your life long and can withdraw after you are 65. Its triple tax benefit. 29 minutes ago, krishnaaa said: HSA is a must. You can invest your money in HSA. I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later. Claimed a medical bill from 5 years ago last week when I needed money Its better to let money grow tax free. Never get in the way of compounding. hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted December 18 Report Share Posted December 18 11 minutes ago, Variety_Pullayya said: hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. You can use your HSA in India as well. Huge benefit. If you go to India, you can claim your parents as well as dependents. Even if you, your spouse and your kids don't use it, the tax deferred growth is still huge. You will be in lower tax bracket during retirement as you won't have much income. Don't overthink. 1 1 Quote Link to comment Share on other sites More sharing options...
rmJU72 Posted December 18 Report Share Posted December 18 9 minutes ago, Variety_Pullayya said: hmm. i need to rethink. i just felt its hard to estimate future medical expenses considering we dont know where we will retire. i guess we can take the money by paying the taxes after retirement if we dont really need it for medical expenses. Medical expenses are inevitable. And these funds can be used for all dependents as well. So best to invest to limit in HSA if you are offered one at your job. 2 Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted December 18 Author Report Share Posted December 18 15 hours ago, Raisins_72 said: H1b’s chesthey deport chesthaaranta. CBN kuda idey chepindu Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted December 18 Author Report Share Posted December 18 13 hours ago, Galactus said: free money from employer match and tax free contributions max out uncle few years lo it will grow into a nice chunk of money anna 60 years brathukutama ani gurantee unda. retirement plan money 63 years ki vastundhi master plan by IRS cc @sarfaroshi2 Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted December 18 Author Report Share Posted December 18 4 hours ago, Tellugodu said: Invest ra if you can. It’s a great way to accumulate wealth over the period. I max out on my 401k. Having sizable amount of saving now. 90k salary vastundhi friend ki vadu investment cheyala vada ani alochistunadu Quote Link to comment Share on other sites More sharing options...
Tellugodu Posted December 18 Report Share Posted December 18 Just now, ManchamKodi said: 90k salary vastundhi friend ki vadu investment cheyala vada ani alochistunadu If he wants to stay in US for long term, then investing in 401k is no brainer. 2 Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted December 18 Author Report Share Posted December 18 3 hours ago, krishnaaa said: HSA is a must. You can invest your money in HSA. I pay medical bills out of pocket and and keep the receipts and claim them from HSA much later. Claimed a medical bill from 5 years ago last week when I needed money Its better to let money grow tax free. Never get in the way of compounding. how did insurance company wait for 5 years anna Quote Link to comment Share on other sites More sharing options...
sarfaroshi2 Posted December 18 Report Share Posted December 18 32 minutes ago, ManchamKodi said: anna 60 years brathukutama ani gurantee unda. retirement plan money 63 years ki vastundhi master plan by IRS cc @sarfaroshi2 Do you have a grt investment plan to earn more than 15% - 20% reutrns every month consistantly...then dont go for 401k. You can take 401K loan upto 50k anytime and the intrest rate will go back to your own 401k account. Nuvvu timepass ki adigithe ok.....kaani manam karchu pette waste expenses ki intha discuss cheyyam...employer 6% match chestu unte...manaki future security avasarama ani discuss cheyadam waste. Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted December 18 Author Report Share Posted December 18 11 minutes ago, sarfaroshi2 said: Do you have a grt investment plan to earn more than 15% - 20% reutrns every month consistantly...then dont go for 401k. You can take 401K loan upto 50k anytime and the intrest rate will go back to your own 401k account. Nuvvu timepass ki adigithe ok.....kaani manam karchu pette waste expenses ki intha discuss cheyyam...employer 6% match chestu unte...manaki future security avasarama ani discuss cheyadam waste. salary 200k ki 401k is best anna 100k salary, 4% employer contribution, 26 age, India ki 4 years velle plans unte waste no anna . same money housing lo invest good returns untundhi Quote Link to comment Share on other sites More sharing options...
krishnaaa Posted December 18 Report Share Posted December 18 48 minutes ago, ManchamKodi said: how did insurance company wait for 5 years anna Nothing to do with Insurance company....I already paid with my money using credit card for what I owed. Reimbursed it 5 years later from HSA. Quote Link to comment Share on other sites More sharing options...
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