401K Helffff Please

[Pichkaari]

Assal how does 401K work? Maa company vaadu WellsFargo link ichi .. enroll avvamannadu.. Andulo chusthe.. Nee pay check lo entha percent pay chesthav 401k ani vundhi.. Nen pettina amount ki .. maa company vaadu .. half match chestaadu anta.. for example.. nen pay check ki 100$ 401k ki pedthe.. vaadu 50$ naa side nunchi pedtadhu .. 

Idhi naa understanding.. Assal 401k benefits and uses? LIC concept ena? Ippat daaka assal 401k gurinchi think cheyale and research cheyale.. Helfff please

[Chitti_Robo_Rebuilt]

Inko question... Manam company ki ft teesukuntey emp nundi 401K money transfer cheysukovaccha or fresh ga start cheyala with new emp?

[mettastar]

Assal how does 401K work? Maa company vaadu WellsFargo link ichi .. enroll avvamannadu.. Andulo chusthe.. Nee pay check lo entha percent pay chesthav 401k ani vundhi.. Nen pettina amount ki .. maa company vaadu .. half match chestaadu anta.. for example.. nen pay check ki 100$ 401k ki pedthe.. vaadu 50$ naa side nunchi pedtadhu .. 

Idhi naa understanding.. Assal 401k benefits and uses? LIC concept ena? Ippat daaka assal 401k gurinchi think cheyale and research cheyale.. Helfff please

401K - retirement plan.. nee contributions ki Tax cut avadhu.. and every year entha contribute cheyagaluguthavo limit untadi..

 

nee 401K funds ni you can invest in investment funds that are in your plan... funds paina research chesi vaatillo nee money divide cheyi.. 

like 25% should go to one fund remaining 75% should go to other fund atlaa.. 

[mettastar]

Inko question... Manam company ki ft teesukuntey emp nundi 401K money transfer cheysukovaccha or fresh ga start cheyala with new emp?

transfer cheyachu usual ga aithe.. also nee employer matching vest aindho ledho chusko.. andaru employers matching immediate vest avvadhu

[Srimantudu]

Assal how does 401K work? Maa company vaadu WellsFargo link ichi .. enroll avvamannadu.. Andulo chusthe.. Nee pay check lo entha percent pay chesthav 401k ani vundhi.. Nen pettina amount ki .. maa company vaadu .. half match chestaadu anta.. for example.. nen pay check ki 100$ 401k ki pedthe.. vaadu 50$ naa side nunchi pedtadhu .. 

Idhi naa understanding.. Assal 401k benefits and uses? LIC concept ena? Ippat daaka assal 401k gurinchi think cheyale and research cheyale.. Helfff please

limit untadi entha % anedi...ex: 3% 6% ila on ur annual salary..

 

its like ur retirement money !! employer 50% match chestundu kabatti pakkana savings lo paduntai ala

 

 

@ ROBO : yup xfer avthadi 

[Lukewalker]

retirement fund brother, tax undadhu aa amount meedha.

there will be a limit on how much your employer will give 50% of what you paid, it doesnt mean that you deposit your entire salary and he gives 50% of that. 

 

for example nee pay $10k gross anuko, he will say I will give 50% for 10% of your deposit max. So if you deposit $1000, he will add $500, even if you deposit $2000, he will still give $500 only

 

you can transfer 401k to new employer or defer them to tax benefit accounts like IRAs.

 

ivanni kaadhu gaani first start depositing in 401k, its very good start for savings, you can also invest 401k too. 

[UNITED99]

its pretax money... nuvvu eppudaithe withdraw chesukundham ani a nukuntaavo appuydu neeeku tax plus early withdrawal fine padthundhii.. ee DB lo oka thread undhii search cheyyii..u will get total info

[Akkumm_Bakkumm]

Inko question... Manam company ki ft teesukuntey emp nundi 401K money transfer cheysukovaccha or fresh ga start cheyala with new emp?

Already 401k account undi inkoka company ki marithe 401k ni transfer cheskovachu...

[RangeRover]

Usually % untadhi .. like how much Contribution mee employer giving ani.. like 5% anuko.. and ur Pay is 100k/yr anuko.. den 5000$/Yr nee 401k contribution ki he is matching 5000$ ala.. so 5000$/nee no. of pay checks per year (Lets suppose biweekly anuko) = then per paycheck ki 200$ avg ga pedithe.. vaadu inko 200 istaad ..

 

Ikkada Adv : Vaadi Matching amt and aa Amt Pretax deducted from ur Pay check...and dat Ant will be invested in stocks/Mfs .. nuvvu kuda manage chesukovacchu dhentlo invest cheyyalo..

 

entha petoccchu: nuvvu long term US ki stick avthe 10% dhaaka pettina kuda NP.. (Max 17-18%) anukunta... ledha not sure anukunte exact ga matching amt pettu.. because before retirement tiyaali anukunte 40% fine+penality untadhi anukunta ayina kuda nee profit e :)

 

(Ex: 100$ amt u contributing anuko : nuvuv 401k teesukokapothe nee hand ki approx 65$ vastaai.. adhe teesukunte 100$ + 100 matching amt -= 200$ vastaai.. fine vesina kuda 40% teeseste u r still @120$) - Assuming/may not be completely True though

 

Employer change avthe u can transfer all ur existing funds to new Employer/client/or ur Own IRA plan...

[Pichkaari]

401K - retirement plan.. nee contributions ki Tax cut avadhu.. and every year entha contribute cheyagaluguthavo limit untadi..

 

nee 401K funds ni you can invest in investment funds that are in your plan... funds paina research chesi vaatillo nee money divide cheyi.. 

like 25% should go to one fund remaining 75% should go to other fund atlaa.. 

Just curious, next 2 or 3 years lo pile up aina money ni .. avasaram aithe withdraw chesukovacha? and can we terminate 401k anytime?

[RangeRover]

Just curious, next 2 or 3 years lo pile up aina money ni .. avasaram aithe withdraw chesukovacha? and can we terminate 401k anytime?

Almost 40% dhaaka teesukuntaadu anukunta taxes/fines.. bro if u r not sure .. put % which is equal to u r employers matching %.. refer to my previous port - u will get some idea..

[mettastar]

Just curious, next 2 or 3 years lo pile up aina money ni .. avasaram aithe withdraw chesukovacha? and can we terminate 401k anytime?

cheyachu kaani.. aa money ki nuvvu tax katti and additional fine katti theeskovali.. or else nuvvu nee 401K account lo nunchi loan ga kuda theesukovachu and you can pay back to 401K again. 

 

elago ne employer contribution undi kabatti 401K start cheseyyi.. okavela theesukovali annaa me employer contribution tax+fine ki saripothayi nee money neku vasthundi

[Pichkaari]

401K - retirement plan.. nee contributions ki Tax cut avadhu.. and every year entha contribute cheyagaluguthavo limit untadi..

 

nee 401K funds ni you can invest in investment funds that are in your plan... funds paina research chesi vaatillo nee money divide cheyi.. 

like 25% should go to one fund remaining 75% should go to other fund atlaa.. 

 

 

limit untadi entha % anedi...ex: 3% 6% ila on ur annual salary..

 

its like ur retirement money !! employer 50% match chestundu kabatti pakkana savings lo paduntai ala

 

 

@ ROBO : yup xfer avthadi 

 

 

retirement fund brother, tax undadhu aa amount meedha.

there will be a limit on how much your employer will give 50% of what you paid, it doesnt mean that you deposit your entire salary and he gives 50% of that. 

 

for example nee pay $10k gross anuko, he will say I will give 50% for 10% of your deposit max. So if you deposit $1000, he will add $500, even if you deposit $2000, he will still give $500 only

 

you can transfer 401k to new employer or defer them to tax benefit accounts like IRAs.

 

ivanni kaadhu gaani first start depositing in 401k, its very good start for savings, you can also invest 401k too. 

 

 

its pretax money... nuvvu eppudaithe withdraw chesukundham ani a nukuntaavo appuydu neeeku tax plus early withdrawal fine padthundhii.. ee DB lo oka thread undhii search cheyyii..u will get total info

 

 

Usually % untadhi .. like how much Contribution mee employer giving ani.. like 5% anuko.. and ur Pay is 100k/yr anuko.. den 5000$/Yr nee 401k contribution ki he is matching 5000$ ala.. so 5000$/nee no. of pay checks per year (Lets suppose biweekly anuko) = then per paycheck ki 200$ avg ga pedithe.. vaadu inko 200 istaad ..

 

Ikkada Adv : Vaadi Matching amt and aa Amt Pretax deducted from ur Pay check...and dat Ant will be invested in stocks/Mfs .. nuvvu kuda manage chesukovacchu dhentlo invest cheyyalo..

 

entha petoccchu: nuvvu long term US ki stick avthe 10% dhaaka pettina kuda NP.. (Max 17-18%) anukunta... ledha not sure anukunte exact ga matching amt pettu.. because before retirement tiyaali anukunte 40% fine+penality untadhi anukunta ayina kuda nee profit e :)

 

(Ex: 100$ amt u contributing anuko : nuvuv 401k teesukokapothe nee hand ki approx 65$ vastaai.. adhe teesukunte 100$ + 100 matching amt -= 200$ vastaai.. fine vesina kuda 40% teeseste u r still @120$) - Assuming/may not be completely True though

 

Employer change avthe u can transfer all ur existing funds to new Employer/client/or ur Own IRA plan...

Awesome info guys.. Thanks !!
 

[mettastar]

Almost 40% dhaaka teesukuntaadu anukunta taxes/fines.. bro if u r not sure .. put % which is equal to u r employers matching %.. refer to my previous port - u will get some idea..

agreed. 

[Pichkaari]

Almost 40% dhaaka teesukuntaadu anukunta taxes/fines.. bro if u r not sure .. put % which is equal to u r employers matching %.. refer to my previous port - u will get some idea..

 

 

cheyachu kaani.. aa money ki nuvvu tax katti and additional fine katti theeskovali.. or else nuvvu nee 401K account lo nunchi loan ga kuda theesukovachu and you can pay back to 401K again. 

 

elago ne employer contribution undi kabatti 401K start cheseyyi.. okavela theesukovali annaa me employer contribution tax+fine ki saripothayi nee money neku vasthundi

Assale ee FT salaries takkuva.. Malli andulo .. malli pay check lo enduku bokka ani .. thinking.. anthe..  Use vundhi ani anipistundhi .. malli oka side nunchi .. avsarama pay check lo bokka ani anipistundhi .. Lol