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Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 762
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 23, 2020 - 2:41 pm: |
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Basic ga cheppedentantey, Severance package lanti employer based funds meeda hopes pettukovatam waste.
Combined investments like "EPF, NPS, 401k SuperAnnuation lantivi" safe......
In Addition, Self Motivated long term Equity Investments meeda koncham drusti pettadam better ( safe side )....
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.
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Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 761
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 23, 2020 - 2:29 pm: |
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Musicfan:His calculation for the severance package was easily going to crores.
Severance package istham antaru kani andaru ivvaru  . Legal ga kuda obligation emi undadu companies ki....
Gratuity Payment law Vundi, Kani adi kuda andaru follow avvaru........evo loop holes vethukutharu payment apataniki........
_1972,http://https://en.wikipedia.org/wiki/The_Payment_of_Gratuity_Act,_1972
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70852
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 23, 2020 - 1:56 pm: |
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Thedarkknight:
Most of major IT companies give these benefits.
I was talking to one of my friend some time ago, His calculation for the severance package was easily going to crores.
No reviews yet
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Thedarkknight
Pilla Bewarse
Username: Thedarkknight
Post Number: 760
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 23, 2020 - 12:41 pm: |
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Musicfan:PF is 12% of basic salary + Employer contribution of 12%
Gratuity is like one month salary at the time of retiring time total number of years with that company
Super Annuation is like 15% of basic salary times number of years
MusicFan garu, Anni benefits icche companies emayina vuntey cheppandi, Nenu urgent ga apply chesta
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70835
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 12:18 pm: |
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Gudivada04:
India lo oka company ki pani cheste, they give Gratuity, super annuation and Provident fund.
Typically thats like
PF is 12% of basic salary + Employer contribution of 12%
Gratuity is like one month salary at the time of retiring time total number of years with that company
Super Annuation is like 15% of basic salary times number of years
In IT this will be a sizeable income at the time of retirement which can be easily managed to get monthly pension type.
Ikkada alaa emi undadu kabatti we will need those planning
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3141
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 11:13 am: |
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Fanno1: 401k money venakki teesukellocchu.
Traditional IRA:If you withdraw it before 59.5 years, you need to pay taxes plus 10% penalty on that.
ROTH IRA: you are free withdraw it. |
Fanno1
Mudiripoyina Bewarse
Username: Fanno1
Post Number: 12194
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 10:20 am: |
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Nalla_baalu:401k start cheyyaala ..... ikkada enni rojulu undanisthaaro teliyaka ..India lo PPF lu ..LIC lu esukuntu gadipesthunna
savings are savings. ye form lo vunna okay. 401k money venakki teesukellocchu. i dont think its an issue as there are 1000s of people like us already contributed and went back to India.
Similarly India lo money kooda ikkadaki tecchukovvachu with some little or hard challenges.
KB and Gudi bros lantolle correct me. MF saar, you are not allowed to comment  |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3140
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 9:46 am: |
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Gudivada04:
Ok. Thank you!!! |
Gudivada04
Bewarse Legend
Username: Gudivada04
Post Number: 44608
Registered: 09-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 9:24 am: |
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and retirement age, normally people retire at 65 here. its not mandatory I think but I haven't seen anyone working full time beyond that. in fact there is no deduction in pension if I retire at 60 at my level and beyond. |
Gudivada04
Bewarse Legend
Username: Gudivada04
Post Number: 44607
Registered: 09-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 9:23 am: |
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Kodibochu:
at my level and above, its 2% per year service. That 2% comprises your base + 50% of bonus; they take 3 best years of last 5 years to calculate the 2%. for example, if you make 100k and have 20 years service you get 40k pension. below my level its 1.5% per year service |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3139
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 8:39 am: |
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Gudivada04:but if you have company pension plan
My questions(just curious):
(1)How much pension they give you? Certain percentage of you pay or so many years of continuous work??
(2)Do you have compulsory retirement at certain age? |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3138
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2020 - 6:06 am: |
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Musicfan:dabbunnolla kashtaalu kaavu ivi, leni vallave. Retirement ki saripada money unnollaki ee thread lo no entry.
aa.. adi.. atta pettandi.. |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70832
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:17 pm: |
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Gudivada04:ento ee dabbunnolla kashtaalu
dabbunnolla kashtaalu kaavu ivi, leni vallave. Retirement ki saripada money unnollaki ee thread lo no entry.
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70831
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:16 pm: |
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Vjawarrior:ppf AAA.... explain
Public provident fund tax deduction kosam India lo vade scheme, idi telvakunda adigaaru ante, meeru naakante backward annattu
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70830
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:15 pm: |
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Bignole:nenokkadinee anukunna Rao garu
asala ittanti daniki meeda focus pettali ani kooda telvad,
No reviews yet
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Gudivada04
Bewarse Legend
Username: Gudivada04
Post Number: 44606
Registered: 09-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:15 pm: |
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Kodibochu:Miku vundadaa 401K or similar plan?
ikkada rrsp antaru. but if you have company pension plan (which I do) you will not have room to contribute to rrsp. my limit per year is around $600 |
Vjawarrior
Kurra Bewarse
Username: Vjawarrior
Post Number: 3253
Registered: 05-2017
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 8:57 pm: |
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Nalla_baalu:
ppf AAA.... explain |
Nalla_baalu
Censor Bewarse
Username: Nalla_baalu
Post Number: 126579
Registered: 06-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 8:43 pm: |
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Bignole:
401k start cheyyaala ..... ikkada enni rojulu undanisthaaro teliyaka ..India lo PPF lu ..LIC lu esukuntu gadipesthunna
Aug 11th 2011 weight -- 84 kg; Aug 11th 2012 weight -- 88 kg; Aug 11th 2013 weight -- 80 kg; July 2015 -- 90 kilos (5'10")
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3133
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 6:37 pm: |
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Gudivada04:ento ee dabbunnolla kashtaalu
Miku vundadaa 401K or similar plan? |
Bignole
Celebrity Bewarse
Username: Bignole
Post Number: 30546
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 6:29 pm: |
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Musicfan:Wow thanks for this thread, I really missed a lot annamata
nenokkadinee anukunna Rao garu |
Gudivada04
Bewarse Legend
Username: Gudivada04
Post Number: 44601
Registered: 09-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 5:30 pm: |
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ento ee dabbunnolla kashtaalu |
Gotcha
Kurra Bewarse
Username: Gotcha
Post Number: 1653
Registered: 01-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 5:00 pm: |
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Musicfan:how to check what is the latest on 401k account??
whatttt. dont u check regularly. app untundi kada adi isntall it. |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70829
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 3:16 pm: |
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Fanno1:
Kodibochu:
great tips, sure will do.
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3130
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:35 am: |
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Fanno1:why to opt all money in bonds (typically 1-2%).
That's true. But, if he is scared of putting money in stocks, at least this is the option to save his original investment and get tax benefits and employer's contribution. |
Fanno1
Mudiripoyina Bewarse
Username: Fanno1
Post Number: 12193
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:29 am: |
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Musicfan:Any one knows the process?
guruji, you may need a financial advisor. 401k aithe compnay vaadu icche options maatrame vuntayi invest cheyyataniki. IRA ki transfer chesukunte option ekkuva vuntayi ani vinna. Naa first job lo 401 K lo ekkuva levvu kabatti, nenu anni oke 401k lo pettesesa. BOth my old and new company are with Fidelity.
Also think about roth IRA. you save the tax paid money, but there is no tax on the gains.
mee age group 40+ kabatti (inka retirement ki kaneesam 15 years vundi anukunte) you can still invest agressively 50% of your 401k. I choose the aggresive option, last 4 years aithe every year 10-12% perigindhi. 2020 is an outlier ye roju etu veltundo teleedhu.
typical rule is (100-your age)% stocks lo pettamantaru. migilina money bonds lo pettukovacchu. when the market is giving 7% on an average, why to opt all money in bonds (typically 1-2%). |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3129
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:09 am: |
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Musicfan:how do I get old company 401k to the new company?
Roll-over antaaru. You need to call the old 401k company.
Option 1: Assuming it is being managed by Fidelity, you need to call the fidleity and ask them" i want to roll over this amount to a new company.What needs to be done from my side?" ani adagandi.anni vaade chebuthaadu .
Option 2: call your existing company and tell them that you need to move the balance from the previous company. He will guide you the steps to follow for successful roll over.
Old company vaadu new company peru mida(including your your name on the check) check pampisthaadu. Daani ni atlaage new company ki pampaali. |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70828
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 10:01 am: |
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one another question, how do I get old company 401k to the new company?
Any one knows the process?
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70826
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:51 am: |
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Kodibochu:$19,500/-
I am under by 210 in my savings per paycheck
Wow thanks for this thread, I really missed a lot annamata
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3128
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:48 am: |
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Kodibochu:$19,500/-(assuming you are under the age of 50) is the yearly limit by IRS for 2020.
Please google for the correct numbers for the year 2020. |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70825
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:48 am: |
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Kodibochu:
thanks a lot, October lo change chestaa, let me see if I can change now as well.
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3127
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:44 am: |
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Musicfan:vaadu 12% ki increase cheyyamani recommend chestunnadu
.
$19,500/-(assuming you are under the age of 50) is the yearly limit by IRS for 2020. .Divide that by number of paychecks. If you are on a monthly pay check, it's 19500/12= $1625 per month.
Percentage defers based on your salary. |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3126
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:40 am: |
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Musicfan:401k amounts ups and downs potayi gaa anduke never took it seriously.
No. Miru stock related funds lo pedithe pothaayi. Just govt bonds or cash lo pettukovachu with 1% interest etc. Money is 100% safe irrespective of the market conditions. As Fan1 said in the his post, you are loosing money by not singing up.
How much to contribute?: I do the maximum amount allowed by IRS. $25,000/- this(I think).You dont need to pay tax on that. That means you are saving $8250/- only on federal tax. if your employer contributes about 5,000-, you are saving $13,200(all are hypothetical numbers and may change with your contribution) |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70824
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:40 am: |
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Ippude check chesaa, its at 10% per month now, is that good? or should I increase?
vaadu 12% ki increase cheyyamani recommend chestunnadu
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70823
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:34 am: |
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Kodibochu:
What would be the ideal % to be put in 401k?
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70822
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:33 am: |
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Fanno1:
401k amounts ups and downs potayi gaa anduke never took it seriously.
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3124
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:31 am: |
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Musicfan:asala 401k account elaa access chestam,
Mi company vaadi ki oka 401K(Investment company) tho tie up vuntundi. Mi paycheck lo nunchi every month cut chesukoni vaadi ki pampisthaaru.Bank account laagaa ne miku username and password isthaaru mi investments ni manage chesukovadaaniki. |
Fanno1
Mudiripoyina Bewarse
Username: Fanno1
Post Number: 12192
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:30 am: |
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Musicfan:Idoti undaa, never really cared about 401k. Konchem focus pettali aithe
more than the appreciation, What I see in 401k is tax free contributions. 19K per annum tax free money savings are good. say at least 15% federal and another 3-5% state tax savings, all together 20% tax savings. mee employer offer cheyyada 401k? employer contributions typically 3-8% vuntayi kada. adi kooda tax free and easy money once you put in 401 K.
we get this a/c through employer only. Lekapothe meeru IRA contribute chesukovacchu though contrubution limits are low 6,000 anukunta.. |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70820
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:30 am: |
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Kodibochu:October lo benefits sign up time lo adugutharau kadaa? "401k deductions from your pay check" gurinchi?
adi default setting lo vellipotaa untundi, Dont have to change anything.
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3123
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 9:28 am: |
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Musicfan:asala 401k account elaa access chestam, to check what is latest balance?
ante, intha varaku assalu miru 401K account open cheyyaledaa from your company? October lo benefits sign up time lo adugutharau kadaa? "401k deductions from your pay check" gurinchi? |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70818
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 8:59 am: |
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Fanno1:konchem detailed gaa adaganadi. mee Q lo clarity missing. you mean latest options to invest?
asala 401k account elaa access chestam, to check what is latest balance?
Idoti undaa, never really cared about 401k. Konchem focus pettali aithe
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3122
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 8:37 am: |
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Musicfan:Annual rate of return etta calculate chestaru %?
https://ibb.co/PZjg7Wv
Mi broker account ni batti navigation vuntundi. Fidelity lo 'Performance' ane tab lo vuntundi idi. Mi criteria maarchukovachu like "YTD" or 'One year', 2 year' etc so that the number changes as such. |
Fanno1
Mudiripoyina Bewarse
Username: Fanno1
Post Number: 12190
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 17, 2020 - 8:27 am: |
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Musicfan:how to check what is the latest on 401k account?
konchem detailed gaa adaganadi. mee Q lo clarity missing. you mean latest options to invest? |
Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70817
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 10:34 pm: |
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Annual rate of return etta calculate chestaru %?
No reviews yet
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Musicfan
Bewarse Legend
Username: Musicfan
Post Number: 70816
Registered: 05-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 10:32 pm: |
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Dumb Q: how to check what is the latest on 401k account??
No reviews yet
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Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3118
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 7:07 pm: |
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Gotcha:retire ayye time ki below 2 million chupistunadu antena chuss.ila ayite masi emo kada.
aa 2 million mida malli interest vasthundi kadaa? So, adi withdraw chesukovachu. Maa age ki adi more than in enough anukontunna. |
Gotcha
Kurra Bewarse
Username: Gotcha
Post Number: 1652
Registered: 01-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 6:56 pm: |
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retire ayye time ki below 2 million chupistunadu antena chuss.ila ayite masi emo kada. |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3110
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 10:35 am: |
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I think we are on right track if both of us keep contributing the maximum amount every year until the age of 60. |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3109
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 10:33 am: |
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There are many online tools available, but I found this one is an easy and flexible tool. |
Kodibochu
Kurra Bewarse
Username: Kodibochu
Post Number: 3108
Registered: 04-2019
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 16, 2020 - 10:32 am: |
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https://smartasset.com/retirement/401k-calculator#1M0Lsy279X |
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