401k balance

[ManchiDonga]

41 minutes ago, Rushabhi said:

IRA teesuko same concept but max is 5500 per year per person 

Can we take IRA outside without employer?

tax deductions ki eligible ha standard lo ?

[Spartan]

28 minutes ago, ManchiDonga said:

Can we take IRA outside without employer?

tax deductions ki eligible ha standard lo ?

yes, IRA ki employer ki no relation in case of IRA

5500 max per person 

[gilakkai]

6 yrs , 85k

join ayyina 1  year contribute cheyyala..deeni value teliyaka

[Simple123]

22 minutes ago, gilakkai said:

6 yrs , 85k

join ayyina 1  year contribute cheyyala..deeni value teliyaka

same punch . first 3 yrs no contribution.

6 yrs --> 125k 

[nokia123]

 

52 minutes ago, Simple123 said:

same punch . first 3 yrs no contribution.

6 yrs --> 125k 

same pinch...first 2 years enroll kaale...

6 years  -> 100K..

[Spartan]

Just now, nokia123 said:

 

same pinch...first 2 years enroll kaale...

6 years  -> 100K..

100K is good rate of return..

[Simple123]

58 minutes ago, Spartan said:

100K is good rate of return..

rate of return kadu babu. 

u contribute 18k + employer match  .+ rate of return 8% . 

[Optimus654]

2.5 years 90k. Employer matches 100% on the first 5%. Also gives 2% extra every year. So 7%.

maxing is always better to avoid taxes and have a retirement nest.

Also , if plan permits, you can take loans from your 401k . You will be paying back to your own account but with interest. Prime rate +1% . Downside is you will lose any growth that money could have achieved . But let’s admit this year and next will be very volatile . So not a bad time to take loan .

 

[pahelwan]

0

10 years working

[Rushabhi]

47 minutes ago, Optimus654 said:

2.5 years 90k. Employer matches 100% on the first 5%. Also gives 2% extra every year. So 7%.

maxing is always better to avoid taxes and have a retirement nest.

Also , if plan permits, you can take loans from your 401k . You will be paying back to your own account but with interest. Prime rate +1% . Downside is you will lose any growth that money could have achieved . But let’s admit this year and next will be very volatile . So not a bad time to take loan .

 

Employer name please

[Run]

On 2/27/2018 at 5:54 PM, Spartan said:

for example.... u put 5K before tax, end of the year employer matches 4K(this varies by company to company)  to ur account.

now account value 9K which vanguard or fidelity like companies invest in shares bonds and funds and get returns added to ur account.

u take that money after 59.5 years age and pay regular tax.

if early withdrawl..u pay tax +10% penalty

  ikkkada  mana company and  vanguard  or fidelity  like companies  tie up untadha?  they control the money in our account and invest where ever they want? what if there is a loss in their investment  manak bokka na

[Spartan]

10 hours ago, Run said:

  ikkkada  mana company and  vanguard  or fidelity  like companies  tie up untadha?  they control the money in our account and invest where ever they want? what if there is a loss in their investment  manak bokka na

yes if u r fte companies usually tie up with fund management companies like vanguard, fidelity etc..

yeah vallu manage chestaru...loss aite bokke... 

[jays02]

When you guys are moving from company to company, how you are managing tax benefited savings? Keeping the old company accounts or move the amounts to bank IRA accounts or any other best option?

[Chakram12]

On 2/28/2018 at 2:54 PM, Chakram12 said:

60K 6% employee contribution 2.5years 

70K so far

[lingam.mama]

age 20s lo vunnappudu start chesthe 60 years ki multi millions avuthaai...

15% of salary ni regular gaa prathi pay check nundi 401k ki (roth option vunte roth ki) deposit cheyandi...

mee salary 85% anukoni brathakandi... yee vishayalu cheppe vaallu leka chaala mandhi ind ki pothe ela ani chetha doubts tho invest cheyaru... 

meeku correct gaa results telvaali ante 10 yrs continue gaa invest chesthe daani prathaapam telusthundhi

20s lo vunnaam manaki ippude retirement gurnichi alochana endhi ani chetha alochanalu theeseyandi...

401k nundi loans theesukokandi...unless inka chasthaam ante tappinchi