401k jumping jilani question

[Aamphat]

lets say we have 200k in our 401k and employment got terminated. what is the best way to get max amount and jump to India? I found the following 2 options. mekemanna inka dikkumalina ideas unte cheppandi. 

 

1.) Do a rollover to traditional

IRA and sell everything and they will withheld 10% penalty migatha tax next year tax returns file chesinappudu kattali jum kabatti manam elago file cheyyan

 

2.) do a indirect rollover to traditional IRA and Fidelity/broker will with hold 20% and send check for 80%. we have 60 days to deposit in IRA acc but anyways jump kabatti we will cash it and jump

 

first option lo 180k vasthadi 2nd option lo 160k

 

Am i missing anything?

[LadiesTailor]

33 minutes ago, Aamphat said:

lets say we have 200k in our 401k and employment got terminated. what is the best way to get max amount and jump to India? I found the following 2 options. mekemanna inka dikkumalina ideas unte cheppandi. 

 

1.) Do a rollover to traditional

IRA and sell everything and they will withheld 10% penalty migatha tax next year tax returns file chesinappudu kattali jum kabatti manam elago file cheyyan

 

2.) do a indirect rollover to traditional IRA and Fidelity/broker will with hold 20% and send check for 80%. we have 60 days to deposit in IRA acc but anyways jump kabatti we will cash it and jump

 

first option lo 180k vasthadi 2nd option lo 160k

 

Am i missing anything?

10% withdrawal avoid cheyyalevu… 

and withdraw chesina amount taxable… your best bet is withdraw some amount every year…. I think below 90k ayuthe very less tax anukunta like 12%… every year 89k ala withdraw chesukovali 

[Aamphat]

Just now, LadiesTailor said:

10% withdrawal avoid cheyyalevu… 

and withdraw chesina amount taxable… your best bet is withdraw some amount every year…. I think below 90k ayuthe very less tax anukunta like 12%… every year 89k ala withdraw chesukovali 

withdraw from 401k aithey vadu tax withheld chesi istadu kani IRA lo ammithey tax returns file chesinappudu kattali

[HugoStrange]

1 hour ago, Aamphat said:

lets say we have 200k in our 401k and employment got terminated. what is the best way to get max amount and jump to India? I found the following 2 options. mekemanna inka dikkumalina ideas unte cheppandi. 

 

1.) Do a rollover to traditional

IRA and sell everything and they will withheld 10% penalty migatha tax next year tax returns file chesinappudu kattali jum kabatti manam elago file cheyyan

 

2.) do a indirect rollover to traditional IRA and Fidelity/broker will with hold 20% and send check for 80%. we have 60 days to deposit in IRA acc but anyways jump kabatti we will cash it and jump

 

first option lo 180k vasthadi 2nd option lo 160k

 

Am i missing anything?

just leave it in 401k and start withdrawing after u r 60, assuming u r 35, then ur total will become 2.5 to 3M by then. Appudu yearly withdraw chesuko. Nee retirement ki doka undadu

[HugoStrange]

33 minutes ago, Aamphat said:

withdraw from 401k aithey vadu tax withheld chesi istadu kani IRA lo ammithey tax returns file chesinappudu kattali

2 to 3 years withdraw chesinappudu 12% loss better kada and u wont have issues if u want to comeback to US in Future. Edemi credit card companies kavu 7 years taruvatha vadileyadaniki, Eye Are Yes vadu life long pattukuntadu eggodithe kappam