contracting lo unnavallaki retirement options emuntai

[jefferson1]

lets discuss please

[afacc123]

emundav

[chintumintu1]

[JohnSnow]

12 minutes ago, jefferson1 said:

lets discuss please

you can invest in some business or buy some rental complex. If you work until 45 with a good pay in contracting, you can get 5 lakhs rental income per month in india if you plan properly.

[afacc123]

1 minute ago, JohnSnow said:

you can invest in some business or buy some rental complex. If you work until 45 with a good pay in contracting, you can get 5 lakhs rental income per month in india if you plan properly.

akkada adigindenti

tamaru cheppedenti

 

I understand the intent might be in the same direction though but with good pay no longer an option in current scenarios unless willing to move constantly on short term contracts

[Tellugodu]

20 minutes ago, JohnSnow said:

you can invest in some business or buy some rental complex. If you work until 45 with a good pay in contracting, you can get 5 lakhs rental income per month in india if you plan properly.

After 45 years, you cannot work in IT ??

[ios_halva]

36 minutes ago, jefferson1 said:

lets discuss please

Roth IRA

[r2d2]

No retirement until you get tired of...

[snoww]

Traditional IRA. But there won't be any employer match and less contribution limits. 

[JohnSnow]

24 minutes ago, afacc123 said:

akkada adigindenti

tamaru cheppedenti

 

I understand the intent might be in the same direction though but with good pay no longer an option in current scenarios unless willing to move constantly on short term contracts

Me and my frnds in my team are working for 96 dollars per hour to our pocket, and some uncles have been doing contracts for more than 8 years to 10 years striaght..

So if you have connections and talent, you ll make good uncle.. If you dont then you make this tamaru cheppedenti lanti brainless comments.

[JohnSnow]

7 minutes ago, Tellugodu said:

After 45 years, you cannot work in IT ??

pressure bro if you are not passionate.. if you are passionate you can even work after 60 as IT doesnt have retirement.

[afacc123]

14 minutes ago, JohnSnow said:

Me and my frnds in my team are working for 96 dollars per hour to our pocket, and some uncles have been doing contracts for more than 8 years to 10 years striaght..

So if you have connections and talent, you ll make good uncle.. If you dont then you make this tamaru cheppedenti lanti brainless comments.

good 

no connection 

 

[Sarvapindi]

Fte lo kuda if u change employer..how does. it work...no idea abt 401k

[afacc123]

17 minutes ago, Sarvapindi said:

Fte lo kuda if u change employer..how does. it work...no idea abt 401k

transfer cheskuntaru anukunnanu when they change employer

 

[Bhumchik]

If you have an s-corp (self-employed) working as a contractor for a client corp2corp through a vendor, you are an employee of your own company. You can do SEP-IRA employer contribution as per your income (easier to administer than 401K). Plus, you’ll be making payments to social security, Medicare withholdings with taxes which will kick in when you retire and also unemployment insurance payments for when you become jobless.

You may be a contractor for a client but you can be an employee of your own company. If you work full time for a company, it works similarly.