Sago, 10:15 - The 5 year rule for conversion starts from the year its rolled over, not from the year when the Roth IRA account was created as per my understanding.
Roth- where the employee will pay the taxes before investing in the plan , and fund has to be in the plan for 5 years. Benefits- while withdrawal during retirement , no tax will be charged on investment and earnings.
Awesome videos guys... Can you have videos on complete breakdown on Tax Filing Extracurricular things to do for kids Automobile insurance break down Health insurance break Down etc..
For vast majority of us, Traditional 401K is better than ROTH 401k. General rule of thumb is, if you are in 10% tax bracket, ROTH 401K makes sense. Any tax rate between 10 and 22% - both would come out to be pretty close. More than 22%, Traditional. If you would like to understand the math involved, Check it out here in my channel: ruclips.net/video/wY-JxniAh_U/видео.html. It is in English though.
@ArthiPrem - If I need to go to india while investing Roth IRA, since no tax and no penalty, when its withdrawn at 59.5, can I wait till I reach 59.5 age and keep staying in India? So I can get the full amount from my Roth IRA account. Could you plz reply
Thank you for the info. Can I leave the account in the US even if I plan to move to India ? , Is it possible for my US citizen child to take it later ?
Hello I love all your videos. Good efforts. I have a question regarding opening Roth IRA. Currently only one spouse is working and salary is below 196k limit. Is the income limit eligibility considered only at the time of opening the Roth IRA account. Say, in future other spouse is also employed within few months or one year after opening the Roth IRA , and hence the household income is beyond 206k. At that time what happens to the account since it doesn't satisfy the income eligibility ? Can you please shed light on it.
Hi sister You can open IRA account at any time Income doesn’t matter When u start contributing , there is an income limit which should be less than 198,000 $ combined salary in order to contribute $6000 /$7000 if greater than 50 age
Could you please tell about 1099 NEC with respect to h1b holders. some are telling you can get. some are telling we cannot. Interested to learn from you
Both are after tax amount contribution 401k is employer sponsored plan IRA is individual plan can open through any financial institutions Both are having contributions limits In General 401k is having higher contribution than IRA But IRA is having vast investment options than 401k
I am not able to find the answer for this. When we roll over from a traditional 401k to Roth IRA, does the roll over amount go towards the Roth IRA yearly limit? It would be great if you could help with this. Thank you! Love all your videos!
No sister the roll over amount will not go to the yearly limit 👍👍 and there is no limit for rollover... but we have to pay the tax for those roll over amount and it will hit the higher tax bracket...so you can plan wisely to calculate the amount which avoid higher tax bracket and transfer per year, in that way we can save some money..
Thank u both for the info... My husband is at US now in H1B... I am in india... I would like to travel US next yr in H4.... How long will it take for me to search a job work in US? and what will be the procedures for that... Kindly explain...
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Hi friends,
Please watch the 401K calculation video in the below link 👇👇👇
ruclips.net/video/VQRyx1LtX18/видео.html
Good to know about ROTH IRA plan.Your way of explaining things with simple examples is commendable and easy to understand 👍
Thank you sister 👍
Superb explanation about ROTH IRA.. even I am working Investment domain, your tips are useful. Appreciated 💐💐
You are most welcome
Sago, 10:15 - The 5 year rule for conversion starts from the year its rolled over, not from the year when the Roth IRA account was created as per my understanding.
Roth- where the employee will pay the taxes before investing in the plan , and fund has to be in the plan for 5 years.
Benefits- while withdrawal during retirement , no tax will be charged on investment and earnings.
Good to know. Thanks for sharing information 👍
🙏
Awesome videos guys...
Can you have videos on complete breakdown on
Tax Filing
Extracurricular things to do for kids
Automobile insurance break down
Health insurance break Down etc..
Sure👍
Bro... tax bracket is not straight 12%...it’s only progressive based on the range...but video looks great
Thanks bro for your information 🙏🙏
If agi high u still can do Roth IRA but you have to do something called back door Roth IRA.
Yes bro .. you are correct
I have missed the concept back door ROTH
Thanks for your comments 🙏🙏
Ungaloda Car update pathi sollunga anna...
Sure bro👍
Thanks for putting all this effort with example to make us understand clearly. 😊👍
Wonderful. Could you please explain 403(b) Mass Mutual Retirement Savings Plan
Hi well explained. God bless
Thanks bro 👍👍
Keep all your good content going.
Good Video!! can you put a video on "Traditional 401k" v/s "Roth 401k". And your thoughts on which one would be better. Thank you!
Sure good topic bro
Thank you
For vast majority of us, Traditional 401K is better than ROTH 401k. General rule of thumb is, if you are in 10% tax bracket, ROTH 401K makes sense. Any tax rate between 10 and 22% - both would come out to be pretty close. More than 22%, Traditional. If you would like to understand the math involved, Check it out here in my channel: ruclips.net/video/wY-JxniAh_U/видео.html. It is in English though.
Can you also put link of 401k plan in your description box
Nice info bro...tnx
Thanks senthil bro
Can I open Roth IRA in my husbands name? But he only has ITIN.. does not have ssn. Pls advice
Ji.. ipo naan 1 year than iruka poren aana ithuvaraikum 401k podala.. can I start now?
Ji ... next 1 year than irukara plan na puthusa 401k start panalama ?
Doesn't matter how long you are going to stay.. opt for it. Can save tax and also employer contribution
Hello brother, how different is Roth IRA with brokerage account for early withdrawal (>5 years). Which will be advise-able for early withdrawal.
@ArthiPrem - If I need to go to india while investing Roth IRA, since no tax and no penalty, when its withdrawn at 59.5, can I wait till I reach 59.5 age and keep staying in India? So I can get the full amount from my Roth IRA account. Could you plz reply
Thank you for the info. Can I leave the account in the US even if I plan to move to India ? , Is it possible for my US citizen child to take it later ?
Hello
I love all your videos. Good efforts.
I have a question regarding opening Roth IRA. Currently only one spouse is working and salary is below 196k limit. Is the income limit eligibility considered only at the time of opening the Roth IRA account. Say, in future other spouse is also employed within few months or one year after opening the Roth IRA , and hence the household income is beyond 206k. At that time what happens to the account since it doesn't satisfy the income eligibility ? Can you please shed light on it.
Hi sister
You can open IRA account at any time
Income doesn’t matter
When u start contributing , there is an income limit which should be less than 198,000 $ combined salary in order to contribute $6000 /$7000 if greater than 50 age
Bro do a video on futures and options
Definitely sister 👍👍👍
Could you please tell about 1099 NEC with respect to h1b holders. some are telling you can get. some are telling we cannot. Interested to learn from you
Are you referring getting 1099 NEC from your primary employer who sponsored the H1B ?
Thank you both! What’s difference between Roth 401k and Roth IRA?
Both are after tax amount contribution
401k is employer sponsored plan
IRA is individual plan can open through any financial institutions
Both are having contributions limits
In General 401k is having higher contribution than IRA
But IRA is having vast investment options than 401k
Ladies ku work from home job idea ethathu iruntha solunga brother US la
Sure sister👍
Bro can ue create from india
I took 401k loan suddenly I need to go India..if I can't pay the loan amount..what will happen?
If you have taken the loan you are leaving the employer who provided the loan... you should repay the loan immediately...
When you file the tax, the loan amount will be taken as income and pay the tax. In addition you have to a penalty of 10%.
I am not able to find the answer for this. When we roll over from a traditional 401k to Roth IRA, does the roll over amount go towards the Roth IRA yearly limit? It would be great if you could help with this.
Thank you! Love all your videos!
No sister the roll over amount will not go to the yearly limit 👍👍 and there is no limit for rollover... but we have to pay the tax for those roll over amount and it will hit the higher tax bracket...so you can plan wisely to calculate the amount which avoid higher tax bracket and transfer per year, in that way we can save some money..
Arthi Prem thank you! 😊
Could you please make something on the roll over of traditional/roth 401k to Roth IRA as mentioned here.
will do one video sister thank u 👍
Bro I m 18 I want to open a account plss make a complete procedure video
Hi Bro
Is there any information on how to avoid penalty after quitting the job and cash out 401k
Hi bro
Yes only way to do is ROTH IRA conversion
Thank u both for the info... My husband is at US now in H1B... I am in india... I would like to travel US next yr in H4.... How long will it take for me to search a job work in US? and what will be the procedures for that... Kindly explain...
Gud info.💯.nice pillow covers.🌈🌈🌈.where do you buy them.Home tour podunga sis💒💒💒
Hello Arthi Prem - Thanks for sharing the such a valuable information to us, how do we contact you to talk further :)