401K Maxout chesthunara?

[perugu_vada]

Just now, FrustratedVuncle said:

of course paisal extra unnode investment joliki povali. Nithyavasarlu ki lekunda investments evaru chestaru. 

It goes without saying, its stupid idea to pay credit card interest while doing other investments, Unless you are on to a secret jackpot. 

Kalavsinavi enjoy cheyali .. without regretting .. when we have abundant savings already in India .. 

wats the point in driving Lamborghini at the age of 60+ 

[Konebhar6]

26 minutes ago, perugu_vada said:

 

@Konebhar6 uncle .. if u have 2 paychecks or more and earning handsomely .. then 401k max chesina ok .. still i dont get the point .. of what u gonna do with properties in India (which I suppose many in this DB must have had) avi elago kids here will not use it .. so adhi savings kindha k osthaay .. unelss u let it go to someone else in India for free 

ikada house loan pay off chesestham .. antha big house lo undamu .. as kids will leave out .. and visits once in a while .. so ah house equity untundi .. 

my point here is, y to work our a$$ off and save for 65+ ? when we dont know, if we will be at peace staying hjere in US or in India or elsewhere after retirement

You are being wayyyy more idealistic. We all have properties in India and we all live in some fantasy land that we will return at some point. So we don't sell our properties there. Even if we want to, our parents wont let us sell our ancestor properties. Add the complexity of getting money back into US and the high conversion rate. We all are lazy to do above things and also the fact we have enough money in US makes us complacent to sell properties and get money back here.

Force saving for future via 401k is always a good idea. It forces us to live with in means. You don't know future and retirement in USA is a myth esp if you continue to live here with out passive income. Expenses are high here. Even after retirement you need at least 10k USD to continue to live here.

Regarding equity, you don't know future. What if house prices fall? Its easy to look back and say I have decent equity in housing now but you did not know that when you bought your home.

Last point, we all love money and worry about future and making sure we dont suffer in old age. We are never realistic that we have enough money for future. 

[SaradaChinnodu]

25 minutes ago, perugu_vada said:

401k max out is fine .. if one has excess money .. but i have seen families who look to save on small things becos they can not afford them .. and are saving hell alot for future

If ppl are stretching to max out 401K and looking to penny pinch every  thing in life, then they should definitely think about the quality of life they are trading. 

If ppl have excess in savings, then maxing out 401K is a good thing to do, because what else one can do with money once their needs and wants are met. If their interest lies with investing somewhere else as in stocks and real estate then they should at least consider matching employer contribution as its free money....

 

 

 

 

 

 

[SaradaChinnodu]

there is a book called 'Die with zero' which helps people build perspective on how can one plan their retirement. I would recommend everyone to read irrespective of what their take is on money as it appeals to many in one way or the other way.. once you read, I guarantee you see money in new dimension...

[FrustratedVuncle]

1 minute ago, perugu_vada said:

Kalavsinavi enjoy cheyali .. without regretting .. when we have abundant savings already in India .. 

wats the point in driving Lamborghini at the age of 60+ 

you have completely wrong perception. the idea is to with draw 75k/yr (infuture inflation) from 401k or what ever you think is needed while you are retired and do not have a steady income. 

by maxing out in 401k you will not be able to buy Lamborghini after 65.

401k is default case cash reserve as in if nothing worked out in your investments, it will save you. And you can save decent amount if you started early without breaking your bank. 

Even you go bankrupt they can't touch 401k money thats one of the selling point for me. 

[Konebhar6]

25 minutes ago, perugu_vada said:

401k max out is fine .. if one has excess money .. but i have seen families who look to save on small things becos they can not afford them .. and are saving hell alot for future

Adee balance kavali. You should only save for future if you can afford it. It should not bring any changes to your lifestyle. 

[Konebhar6]

3 minutes ago, SaradaChinnodu said:

there is a book called 'Die with zero' which helps people build perspective on how can one plan their retirement. I would recommend everyone to read irrespective of what their take is on money as it appeals to many in one way or the other way.. once you read, I guarantee you see money in new dimension...

Emanna 2 mins insta reel unte chusta. Cant read books.

[Usr59]

can we invest in 401k one time a year rather than paying from paycheck each month, similar to Roth IRA?

does every company 401k has vesting period?

[perugu_vada]

1 hour ago, Konebhar6 said:

Emanna 2 mins insta reel unte chusta. Cant read books.

Adhemaina MMS video na uncle 2mins undataniki .. baga alavatu padinatlu unnav reels ki 

[Konebhar6]

27 minutes ago, perugu_vada said:

Adhemaina MMS video na uncle 2mins undataniki .. baga alavatu padinatlu unnav reels ki 

evado okadu reviews istadu kadaa ... oh no .. I just gave an amazing idea for someone to make money on youtube and Instagram. 

[FrustratedVuncle]

30 minutes ago, Konebhar6 said:

evado okadu reviews istadu kadaa ... oh no .. I just gave an amazing idea for someone to make money on youtube and Instagram. 

Kangaru padaku panikoche shorts and reels evadu choodadu.

Only cringe, erri foo vlogs gets viral

[Konebhar6]

12 minutes ago, FrustratedVuncle said:

Kangaru padaku panikoche shorts and reels evadu choodadu.

Only cringe, erri foo vlogs gets viral

Some one will figure out a way to do these in a nice way ... That's actually a good idea. 

[Konebhar6]

5 hours ago, SaradaChinnodu said:

there is a book called 'Die with zero' which helps people build perspective on how can one plan their retirement. I would recommend everyone to read irrespective of what their take is on money as it appeals to many in one way or the other way.. once you read, I guarantee you see money in new dimension...

summary veyyi baa if you read it. 

[Katravelli]

4 hours ago, Usr59 said:

can we invest in 401k one time a year rather than paying from paycheck each month, similar to Roth IRA?

does every company 401k has vesting period?

Ante nee paycheck nundi cut ayithadi kada so you cannot do it once, but you can just max out in first 3 months kavalante like you can put 50% of paycheck for 3 months and adi oka 15k ayindakuko then the rest nuvvu split chesukovachu 

[Katravelli]

Or if your paycheck is 22k then yes one time settlement cheyochu kavochu