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Hey Fishes
Can anyone share Mutual Fund schemes in their Portfolio?
I am a newbie and planning to start investing via SIP's in MF ( Around 4-5 SIP's of 10k each)
Thanks in advance.
Wipro Infosys Persistent Systems Limited Tata Consultancy Cognizant HCL Technologies Amazon Microsoft EY Deloitte PwC KPMG Optum JPMorgan Chase Morgan Stanley
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If interested pls share your resume with me at arun.nair1@ikshealth.com
Location: Mumbai
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Commenting just to follow responses (I am in same position and have not contributed to 401K for this reason; but would be good to see responses)
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Conversation Starter
Yes, max out 401k, HSA, IRA and all the tax saving instruments. Saying from experience as I was in the same boat and regretted not doing it sooner.
Could we have a conversation about IRA, hoping to know more about the difference between 401k, IRA, ROTH, and any other vehicles that are available
Irrespective of where you want to retire, always it is good to contribute to 401K and save on taxes. Eventually the capital gains and company match will out weigh any potential penalty / taxes you would pay for early withdrawal . Also there are ways to reduce taxes by withdrawing once you leave the country
Start early, it doesn’t matter if You get the match or not . You get tax benefits and your money is going to grow .
Seems like a lot of EY officials had their interests peaked
Chief
You can get your money wherever you are. I have money in accounts in Nigeria where I don’t plan on returning either. When I need it, it’s just a few transfers away from a computer
Chief
There’s no opportunity cost of not accessing RETIREMENT funds. The point of putting money away for retirement is so that...you’re not able to access it UNTIL retirement.
Personally I only put in my retirement fund what I intend to save for retirement. Generally advise people to do the same. If you want/needy I access it earlier then it’s not to be designated as retirement. So that helps you answer easily the question of whether or not to put it in your 401k