Jump to content

401K max out vs 401k contribution upto match vs saving up for rental


SaradaChinnodu

Recommended Posts

g mooskuni max out 401k ... rental investment mazaak kaadu

ppl think EMI 2000 and rental is 3000 and extra 1000 tho tesla konta..free ga vastondi ani chilara lekkalu estaru

neellalloki digite telustadabba lotu

couple months ago all the 3 rentals were vacant for a month or so..oka month primary and 3 rentals ki EMI lu kattesariki 

my grandfathers grandfather kanipinchadu

 

  • Upvote 1
Link to comment
Share on other sites

1 hour ago, SaradaChinnodu said:

401k ela biscuit avuthundi bro...?

Okka recession chalu..2008 time recession lo chala mandi 401k padindi..manam retire ayye time ki situation sarigga leka pothe kastam..bonds invest aithe parvaledu..anni stocks aithe kastam

Link to comment
Share on other sites

2 hours ago, SaradaChinnodu said:

brothers - asalu Katha enti ante 

Currently, I'm maxing out my 401K. My company provides 100% match upto 6%. ee IT lo inko 30 yrs dobbalenu ani clear understanding undi so want to save up and invest in rentals for supplemental income. 

Question enti ante - should I just contribute upto 6% to get full match from company and save up the rest to get a rental to expedite this process or should I continue to max out and save anything left over to purchase rental? My feeling is that if I end up cashing out 401K before retirement since I'm looking at early retirement , I would end up paying 10% penalty along with tax bracket. so, wondering ...

feedback pls...

good qochen sCo_^Y

Link to comment
Share on other sites

1 hour ago, Pandubabu said:

How annayya , 

401(k) losses from the economic crisis: During 2008, major U.S. equity indexes were sharply negative, with the S&P 500 Index losing 37.0 percent for the year, which translated into corresponding losses in 401(k) retirement plan assets.

Link to comment
Share on other sites

6 minutes ago, Sreeven said:

401(k) losses from the economic crisis: During 2008, major U.S. equity indexes were sharply negative, with the S&P 500 Index losing 37.0 percent for the year, which translated into corresponding losses in 401(k) retirement plan assets.

economic crisis every investment will drop. not just 401k. 

Link to comment
Share on other sites

2 hours ago, sarvayogi said:

g mooskuni max out 401k ... rental investment mazaak kaadu

ppl think EMI 2000 and rental is 3000 and extra 1000 tho tesla konta..free ga vastondi ani chilara lekkalu estaru

neellalloki digite telustadabba lotu

couple months ago all the 3 rentals were vacant for a month or so..oka month primary and 3 rentals ki EMI lu kattesariki 

my grandfathers grandfather kanipinchadu

 

3 rentals aa nuvu mamulodivi kadhu ga....I'm more thinking of buying with cash when I can afford. Antha risk mana valla kadu to down pay something and manage mortgage with rental money.

Link to comment
Share on other sites

2 hours ago, Sreeven said:

401(k) losses from the economic crisis: During 2008, major U.S. equity indexes were sharply negative, with the S&P 500 Index losing 37.0 percent for the year, which translated into corresponding losses in 401(k) retirement plan assets.

Vammo 2008 rojulu cheppamaaka… I started my career as a backup of a person who lost everything on stocks + 401k … I had to hear his stories every day at my beginning of work days

Link to comment
Share on other sites

1 hour ago, maverick19 said:

economic crisis every investment will drop. not just 401k. 

Anni vuntayi kani stocks lo chala companies assam, rental home investment ivvala kaka pothe in a year it will give regular income this is just example..

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...