US Interest return alternatives

[papampasivadu]

Just now, BonguBooshanam said:

Nice bro. IRA e company better bro employer do not have 401k option. IRA I think only can contribute 5k per person in the family anukunta

IRA occhesi max 5.5k per annum bro...

I'd suggest Vanguard...but depends on what you finally decide to invest on...ask around and get some more opinions...

Talking about stocks and options is the best way to make friendship with senior desi uncles at work...vallani suggestion adagi chudu valla mohaalu veligipothay pride toh 

[nildesparandom]

5 minutes ago, BonguBooshanam said:

Nice bro. IRA e company better bro employer do not have 401k option. IRA I think only can contribute 5k per person in the family anukunta

401k is undisputed king in savings.

If you don’t work for an employer that offers a 401(k) plan, your retirement options are limited. The IRA is going to be your best friend, as long as you don’t earn more than IRA income caps.

[papampasivadu]

3 minutes ago, nildesparandom said:

401k is undisputed king in savings.

If you don’t work for an employer that offers a 401(k) plan, your retirement options are limited. The IRA is going to be your best friend, as long as you don’t earn more than IRA income caps.

Good point bro..I believe the cap for single people is 117k?? 

ante mana income 117k kanna ekkuva aythe IRA ki not eligible...

employer ni 401k pettinchamani adagadam lo tappu ledhu, it wont cost him much if he's not contributing...

[Manmada9]

11 minutes ago, nildesparandom said:

401k is undisputed king in savings.

If you don’t work for an employer that offers a 401(k) plan, your retirement options are limited. The IRA is going to be your best friend, as long as you don’t earn more than IRA income caps.

+1

[BonguBooshanam]

18 minutes ago, papampasivadu said:

IRA occhesi max 5.5k per annum bro...

I'd suggest Vanguard...but depends on what you finally decide to invest on...ask around and get some more opinions...

Talking about stocks and options is the best way to make friendship with senior desi uncles at work...vallani suggestion adagi chudu valla mohaalu veligipothay pride toh 

Recent ga oka thellodu tho edho topic lo antunnadu na dheggara half million 401 k lo vunnayi ani nenu thella moham vesi chusa😊

[BonguBooshanam]

12 minutes ago, papampasivadu said:

Good point bro..I believe the cap for single people is 117k?? 

ante mana income 117k kanna ekkuva aythe IRA ki not eligible...

employer ni 401k pettinchamani adagadam lo tappu ledhu, it wont cost him much if he's not contributing...

One year 117 k cross ayithey that year not eligible aa or else every year not eligible aa

 

Employer adigi they vadu edho chala maintenance work vuntadhi plus minimum intha mandhi employees enroll avvali plan lo lekapothey plan work out avvadhu etc etc tolded nenu shut up ayyanu 

[Manmada9]

7 minutes ago, BonguBooshanam said:

Recent ga oka thellodu tho edho topic lo antunnadu na dheggara half million 401 k lo vunnayi ani nenu thella moham vesi chusa😊

half a million aa vadu evado racha gadu ayi untadu

em cheskuntadu antha money

[nildesparandom]

4 minutes ago, BonguBooshanam said:

One year 117 k cross ayithey that year not eligible aa or else every year not eligible aa

 

Employer adigi they vadu edho chala maintenance work vuntadhi plus minimum intha mandhi employees enroll avvali plan lo lekapothey plan work out avvadhu etc etc tolded nenu shut up ayyanu 

if you are single, your income (AGI) should be less than 118k$ for 2017 to qualify for IRA.

[nildesparandom]

8 minutes ago, BonguBooshanam said:

Recent ga oka thellodu tho edho topic lo antunnadu na dheggara half million 401 k lo vunnayi ani nenu thella moham vesi chusa😊

yeah its possible...

max limit in 401k - 18k + 9k (average company match..some companies match more than this) . so total $27k savings in year.

he might be working for past 19 years anukunte - 27k*19 =  $513k in his 401k

[BonguBooshanam]

10 minutes ago, nildesparandom said:

yeah its possible...

max limit in 401k - 18k + 9k (average company match..some companies match more than this) . so total $27k savings in year.

he might be working for past 19 years anukunte - 27k*19 =  $513k in his 401k

I think he is in late 30s or early 40s

[Simple123]

31 minutes ago, BonguBooshanam said:

I think he is in late 30s or early 40s

Yes , still possible.  $18k + $6K (matching) , if he started working from 24 and he is 42 .  = 18 yrs exp.. 

$24k * 18 == $432 .. + returns on avg ..compound ... should be greater than $500k .

[idibezwada]

15% kanna ROI takkuva vastadi ante...i am out...i dnt care if its a shrt term or long term

[papampasivadu]

On 7/7/2017 at 6:47 PM, Simple123 said:

Yes , still possible.  $18k + $6K (matching) , if he started working from 24 and he is 42 .  = 18 yrs exp.. 

$24k * 18 == $432 .. + returns on avg ..compound ... should be greater than $500k .

half million is not a big deal if you are in your late thirties man...but tellodu antha nishta ga savings chesadu ante goppe

[papampasivadu]

On 7/7/2017 at 6:50 PM, idibezwada said:

15% kanna ROI takkuva vastadi ante...i am out...i dnt care if its a shrt term or long term

bhayya...10% osthe ne maha prasadam la feel aypotha nenu....15% possible antava long term?

[idibezwada]

8 minutes ago, papampasivadu said:

bhayya...10% osthe ne maha prasadam la feel aypotha nenu....15% possible antava long term?

15 % is not that easy ala ani not that difficult...anytime 12% n more is better