Related Episodes: Tax Saving Priorities in USA: kzfaq.info/get/bejne/pK-Fq8mEvavIeIU.html USA College Savings plan - 529: kzfaq.info/get/bejne/gth7ZM2GlZeqlaM.html USA College expenses: kzfaq.info/get/bejne/p7ORhc9i3bbdiYE.html
@Praneesh2 жыл бұрын
Vijay Sir, Everytime I see your video I learn something new. I'm saving in 401k for last 5 years and maxing out it's limit. It's only from you I'm learning employer contributions doesn't come under max limit. I'm going to increase contribution from my next paycheck to maxout with just individual contribution.
@KumariJNSG Жыл бұрын
You are always very clear and crisp to the point that need to conveyed. I think that's your biggest strength. Would love to watch more investment related and savings related videos from you sir! Thank you so much!
@vasudevansivalingam84942 жыл бұрын
Great effort,explanation and calculations. Thanks Vijay.
@chidambaramsubramanian31142 жыл бұрын
Sir, good start on 401k. Please let us know what are the options available with 401k funds after leaving to India on a permanent basis.
@gokul0krish2 жыл бұрын
I too wanted to ask the same. I remember a video in your channel where your son has presented about converting 401K to IRA to Roth ... Please explain in detail
@balamuralir77812 жыл бұрын
Being a US IT recruiter, it's a very useful video. Thanks sir
@shri29479 ай бұрын
Hey Bala.
@balamuralir77819 ай бұрын
@@shri2947 yes
@krantmin60952 жыл бұрын
As usual, very useful and very well put it!
@senthilkumar57 ай бұрын
Sir please include the risk of 401k as well like 1. Unknown income tax in future (remember US tax history max it was 80% due to economic situation) 2. Tax on SSN earnings 3. Lumpsum withdrawal has high tax
@sathisk96702 жыл бұрын
Vijay - Great info. Pls explain on Roth 401k it’s max limit. Pros and cons
@RajagopalSankaranarayanan2 жыл бұрын
Sir as usual great video. Thank you so much for your great service 🙏👍
@santhosh01202 жыл бұрын
Well Explained - shared with begineers
@balakrishna96512 жыл бұрын
I am following you from starting of this year, your videos gives more knowledge about financial independence, thank you, here is my question Why some popular peoples like Robert Kiyosaki are against 401K? They are talking about fee is more, what happens if the market crash when we retire, can you throw your views on these disadvantages? Thanks
@InvestmentInsightsTamil2 жыл бұрын
There is no reason for us to analyze into whether someone else like 401K or not. We have to see whether it is going to serve our purpose or not. Market crash - we should have less exposure to equity as we approach retirement age.
@simpletube0072 жыл бұрын
Can you also have a episode on ESPP and what’s a good strategy to use ? My company gives 15% deduction and lock in price for 2 years . Should u sell all the shares once the stock is bought after 6 months and invest that into regular s&p 500 ? Want to know your thoughts .
@arunsapqm2 жыл бұрын
Sir, your videos are inspiring, thanks
@santamsse Жыл бұрын
Sir, thanks for the clarity. Can you put one video on how to withdraw 401k from India. (i.e. H1B visa holders who are coming back to native country)
@sridevisridhar57322 ай бұрын
Wonderful effort! Is your retirement life in USA or in India ?
@ksrengaram10 ай бұрын
Very good video on explaining the US Retirement series, defeintely helpful for people who are not clear on options provided by their employer 401K, Thank you for the well explained video on Backdoor Roth IRA, I was checking my employer's 401K portal and I just see only two options - After tax and Roth 401K, no in-service distributions, which one should i choose If I am maxing out my yearly limit in Pre-tax? Thanks Vijay
@InvestmentInsightsTamil10 ай бұрын
If you have maxed out Pretax 401K, then you cannot contribute to Roth 401K. Your total 401K contribution of Pretax + Roth 401K cannot exceed $22,500/year. You can still contribute to After tax 401K upto a maximum of $66K (Total 401K contribution allowed per year including employer match). But contributing to After Tax 401K is useful only if you can do inservice distribution. If that option is not available, it is not worth contributing to After Tax 401K.
@vijayakumarg9763 Жыл бұрын
Good explanation sir.
@karthikks255 ай бұрын
Can you make video about Fbar
@panaamarthe31232 ай бұрын
Vanakkam sir, some news suggests few block head to 401k in near future is it true? Thanks
@guruprasath9457 Жыл бұрын
Hi Sir, can you make some video for the people who recently moved to US, like can they avail this 401k with their limited work permit. and other stuff's like tax, money transfer app etc. thanks in advance.
@arunkumarchockalingam38199 ай бұрын
How to choose the best 401k plan in Fidelity? Please give your suggestions? Thanks in advance!
@InvestmentInsightsTamil9 ай бұрын
You mean how to choose funds? Watch this: kzfaq.info/get/bejne/d62pisZ4lpaVd6c.html
@arunkumarchockalingam38199 ай бұрын
@@InvestmentInsightsTamil Thank you very much for your help to understand better
@SamyUsa Жыл бұрын
Fantastic
@HariharanLovesCrist2 жыл бұрын
Are we ok to go with the default 401K splits that big companies like Google and Amazon do? Or should we update that to a specific fund/stock? Can you suggest?
@InvestmentInsightsTamil2 жыл бұрын
I will cover that in the next episode.
@HariharanLovesCrist2 жыл бұрын
@@InvestmentInsightsTamil Thanks. They mostly put the 401K money in default Vanguard plans, like 2060. Not sure if they are different from those that you have mentioned in your investment series and are worth going with.
@InvestmentInsightsTamil2 жыл бұрын
@@HariharanLovesCrist It is different. I will explain those in next episode.
@paarumahi2 жыл бұрын
Waiting 👍
@ashwinkumar2951 Жыл бұрын
401k Cost of living adjustments for retirement items limits sollunga sir
@InvestmentInsightsTamil Жыл бұрын
Neenga enna kekkureenganu puriyalaye...
@inout8042 жыл бұрын
Also company offers both regular and Roth 401k ? Which one is best ?
@InvestmentInsightsTamil2 жыл бұрын
Can't wait for next episode? 😉
@inout8042 жыл бұрын
@@InvestmentInsightsTamil sure😁
@charankannan670 Жыл бұрын
I am working as a finance associate under 401k retirement process could u tell me what to grow our career and what are the companies running under this process
@damukeesh Жыл бұрын
Is it good to invest in 401k if there is no employer contribution?
Dear Vijay, Can you please provide one video on US share market taxation in Equity Markets for long term and short term investments. Also include Dividend taxation as well.
@InvestmentInsightsTamil2 жыл бұрын
Capital Gain Tax Explained: kzfaq.info/get/bejne/b7mpa9h6s9CtY3k.html
@prasadr102 жыл бұрын
@@InvestmentInsightsTamil Thank you Vijay
@gokulkavin98012 жыл бұрын
சாா், வணக்கம். Indmoney app வழியாக US stocks ல் முதலீடு செய்யலாமா? மற்றும் பாதுகாப்பானதா?
@ramv95892 жыл бұрын
பரவாயில்லை சார் தெரிஞ்சிக்கிறோம்(GK) , US வரும்போது பயன்படும்😀
@InvestmentInsightsTamil2 жыл бұрын
🤣
@prabagaran.s12852 жыл бұрын
Super 👍
@sthariq2 жыл бұрын
Hello sir, In the “USA specific” playlist , out of 8 episodes only 5 is available . It’s saying “3 unavailable videos are hidden”. I’m not sure if this is my account issue . Can you please check from your side as well.Thanks a lot for all your efforts.🙏
@InvestmentInsightsTamil2 жыл бұрын
Those are old unpublished videos. Ignore it. The 5 you see are the actual ones.
@sthariq2 жыл бұрын
Hello sir, Is it possible to contribute more than the allowed limit of 20,500$ in 401K in an year( mentioned in 2:02 seconds)? I thought employer+employee contribution should not exceed more than 20,500$ per year.
@InvestmentInsightsTamil2 жыл бұрын
As I said in the episode, employer contribution does not come under the $20,500 contribution limit. Only our contribution comes under the limit.
@RajagopalSankaranarayanan2 жыл бұрын
Sir can you also pls talk about similar plans like 403(b), 457 etc. what are these…
@InvestmentInsightsTamil2 жыл бұрын
They are very similar to 401K. I don't think I will have enough time to squeeze in those. What do you like to know about those? BTW, you can just call me Vijay. :) www.forbes.com/advisor/retirement/403b-vs-457b/ www.experian.com/blogs/ask-experian/403b-vs-401k-whats-the-difference/
@vimalrajayyaru20812 жыл бұрын
When i close 401K account with 10% penalty from India. Do i have to declare the 401k details while filing tax return for that year.Or while taking out, they will deduct 30% tax automatically
@InvestmentInsightsTamil2 жыл бұрын
For international address in the account, many brokerages do deduct 30% tax automatically. But you should be able to claim it back when filing tax return. Yeah, you do need to file a tax return for the year you are withdrawing the money. The withdrawal is considered as your income for that year.
@SenthilKumar-mz5ks2 жыл бұрын
Hello sir, I'm following all your video from the beginning. It's very useful for my investment planning. Just have a question on SSN tax contribution done in each US payroll.. I have moved back to India 4 yrs before.. is there any option to get claim those SSN contribution done in each payroll ?
@InvestmentInsightsTamil2 жыл бұрын
You should have at least 40 credits to take advantage of SSN after retirement. If you do not have 40 credits, can't really do anything about it.
@SenthilKumar-mz5ks2 жыл бұрын
@@InvestmentInsightsTamil thanks for your reply.. please guide me how to find my current credits no ?
@shanki8 Жыл бұрын
it takes a while to figure these things out over time and its a struggle to know and decide when we are new to US. Had been there. Your sharing of knowledge in diverse areas to this community is priceless Vijay Mohan. God bless you and your family. In absolute with all your content. Digesting all the information slowly whenever I find time. 🫡
@mahadreamz Жыл бұрын
Is it safe or OK to maxout the contributions even in current bad economic situations ?
@InvestmentInsightsTamil Жыл бұрын
Watch this Bear Market Investing episode: kzfaq.info/get/bejne/bNJyqa17tLnNlZc.html
@ramaganeshgovindaraju65362 жыл бұрын
I am having Roth 401k and moved to india parmanently. Going to convert it into IRA. Do you have any idea what will be my tax liability in US and in india at my age of 59 and half? And do u have any idea declaring this 401k in Indian income tax return( One auditor said i don't need to mention the retirement funds).
@InvestmentInsightsTamil2 жыл бұрын
Yes, it is a good idea to convert into Roth IRA. After 59.5, there is no tax for withdrawal in US from a Roth account. In India - I am not sure. You have to go with your CA's guidance.
@chaipizza67562 жыл бұрын
You dont have to pay tax in india since the money you contributed is already taxed . There is no double tax in india
@ramaganeshgovindaraju65362 жыл бұрын
Thank you
@rajukamal Жыл бұрын
What about the capital gains though? Would that be taxed?
@deepuprakash2430 Жыл бұрын
How a US resident can manage US and India investments? Lets say if i have to leave US what should i do? Leave all investments in brokerage account ? Can you please clarify on this topic?
@InvestmentInsightsTamil Жыл бұрын
Not all financial institutions support foreign address. If your brokerage supports foreign address, like IBKR or Schwab, you have the option of leaving it here. Most other brokerages will freeze the account.
@deepuprakash2430 Жыл бұрын
@@InvestmentInsightsTamil what happens to 401k then? Mine is in Fidelity
@deepuprakash2430 Жыл бұрын
There are many indians whoever i talked to had ideas to go back to India including me, but not sure how far true thats gonna happen. However, in that case what should we do with investments made in different brokerages like Robinhood, Fidelity? Should we cash out irrespective of profit/loss before leaving US
@InvestmentInsightsTamil Жыл бұрын
@@deepuprakash2430 Yes, better to cash out or move to a brokerage that supports international address.
@InvestmentInsightsTamil Жыл бұрын
@@deepuprakash2430 You have to check with Fidelity. If they do not support international address, move the assets into an IRA that supports international address, like Schwab.
@divyabons97972 жыл бұрын
Sir enakku monthly salary 15k naa konjo save Panna nenakira enakku intha share market pathila ethum theriyathu enakku intha index fund pathi konjo solluga safe ah epdi choose pandrathu UTI la invest pannalama konjo solluga Angel one app valiya invest pannalama SIP index fund la
@InvestmentInsightsTamil2 жыл бұрын
Watch these 3 episodes: Stocks Portfolio: kzfaq.info/get/bejne/gcpzppZ2vK2upoU.html Index Fund Investing: kzfaq.info/get/bejne/iNRyo7Ne0a6yl6s.html Risks in Index fund investing: kzfaq.info/get/bejne/a5l5Y7tlmLbTh4U.html
@inout8042 жыл бұрын
How to handle old company 401ks ? Just leave it or combine with current one ? Please advice how to handle properly
@InvestmentInsightsTamil2 жыл бұрын
It will be covered in coming episodes.
@inout8042 жыл бұрын
@@InvestmentInsightsTamil thank you so much ! Will wait 😀
@chandrurocks12 жыл бұрын
Please talk about National pension schem la investment !!!!!
@InvestmentInsightsTamil2 жыл бұрын
It is in my To Do list.
@rajukamal Жыл бұрын
@@InvestmentInsightsTamil Waiting for this Vijay guru :)
@karthikeyenramasamy17102 жыл бұрын
How's it's beneficial for H1 holders sir? How can it be utilised and withdrawn for a H1 person stay here for some years and leave to India back.
@InvestmentInsightsTamil2 жыл бұрын
We can either leave it here till our retirement or withdraw using Roth conversion ladder strategy: www.madfientist.com/how-to-access-retirement-funds-early/
@karthikeyenramasamy17102 жыл бұрын
@@InvestmentInsightsTamil ok sir hope you cover this in this series episodes 🙏
@SanthoshKumar-lp1fe2 жыл бұрын
Hi sir, in your previous videos on MF you refer Canara Rebecca fund most of the time, any reason??, Paid promotion ah??😜😜, But please share the reasons ☺️👍
@InvestmentInsightsTamil2 жыл бұрын
It is just an example managed fund. That is all.
@vigneshnatarajan26652 жыл бұрын
I am 41yrs old and I have not started 401K yet as I was not sure how long I will be in US since I am on work visa. Is it too late to start 401K? Pls advise or cover it in your next video.
@InvestmentInsightsTamil2 жыл бұрын
When we are not sure when we are going to go back, it is better to start contributing to 401K. There are ways to minimize the penalty and tax impact when we leave.
@badriborn2win Жыл бұрын
@@InvestmentInsightsTamil Hello, sir. Can you please explain the ways to minimize penalty and tax impact in one of your videos?
@1123bala2 жыл бұрын
Last year ( Dec) I have moved to India permanently and switched the company too. Is any way I can contribute from here? Or good to withdraw completely. My 401k account is 7 years old..
@chaipizza67562 жыл бұрын
Just convert to Roth IRA and you will have more options to pick what you want to invest in
@InvestmentInsightsTamil2 жыл бұрын
No. You will not be able to contribute from there in India. As Chai suggested, better to move your 401K assets into an IRA. I will cover that in coming episodes.
@sreedaranramakrishnan58112 жыл бұрын
What's the use of knowing retirement plan of Alien country US. Tell something good for Indians in India.
@bhageerathi112 жыл бұрын
Sir my husband has 401K and I just started as a 1099 contractor how can I save on 401K please help us
@InvestmentInsightsTamil2 жыл бұрын
You can contribute up to 25% of your earnings into SEP IRA. Check this out: www.nerdwallet.com/article/investing/retirement-plans-self-employed#SEPIRA
@raleigh65892 жыл бұрын
💦 ᎮᏒᎧᎷᎧᏕᎷ
@SV-go5ue2 жыл бұрын
sir, wonderful contents ! do you have a twitter account to follow you ? - @srinivega