16 Comments

1. 

   Prabhu Kumarasamy on October 12, 2022 at 6:17 am

   Hello Vijay, Thanks for the informative video. I got to know the benifit of Roth IRA lately. Is there an option to transfer the 401k to ROth IRA while changing job ?

2. 

   Sundar Mehalingam on October 12, 2022 at 6:17 am

   Thanks for the video. I have a question, wife and I are working and the MAGI would be between 109 and 204. so we are not eligible to get tax deductions on IRA contributions. But say I contributed towards IRA every year, on withdrawal after retirement would I be taxed again. How IRS find out I did not get tax deductions while contributing? Hope I am clear

3. 

   Sabarish Ananthanarayanan on October 12, 2022 at 6:17 am

   Sir one dout, so let's say I have 50-50 % in 401k,, I am going back to India, can I rollover the 401k to Roth IRA ( 1 year after to reduce tax slab) and then take out the principle without paying any penalty ? Is this possible ?

   And if there is someone who has rolled over the 401k to IRA and wants to to a backdoor IRA can he transfer his money back to a new employer's 401k ?

4. 

   Murali R on October 12, 2022 at 6:17 am

   Backdoor Roth would not make sense if you have a significant rollover IRA. Is it possible to roll-in an already rolled over IRA to current 401k ? So that there is no IRA balance

5. 

   karthi keyan on October 12, 2022 at 6:17 am

   Hi Vijay Sir, I am waiting vedios for India… And how can we invest in foreign funds like s&p 500, Nasdaq 100 ?!! Currently i m investing through only in SBI mutual funds , because I am a SBI employee…

6. 

   Harideepan Ravindran on October 12, 2022 at 6:17 am

   @ 2:58 sec; If someone makes over 129k per year and his wife is not working, in that condition can that person invest 6k in his Roth IRA (no tax deduction) and 6K in his Wife's IRA account and still manage to get tax deduction ? Please clarify…

7. 

   Karthikeyan Ramaswami on October 12, 2022 at 6:17 am

   All covered but you missed to explain about ‘Rollover IRA’… If we have a Rollover IRA account, then we can move the previous 401ks to Rollover IRA and can still
   Maintain our personal IRA ACCOUNT $0 (for Backdoor Roth IRA) ?

8. 

   balaji gunasekaran on October 12, 2022 at 6:17 am

   Thank you so much for educating us!!

9. 

   Suresh Kumar on October 12, 2022 at 6:17 am

   Very nicely explained. Can you create a video on this topic please?
   What anyone should do with 401k account when they repatriate back to India? I feel this is useful for many folks.

10. 

    Selvarani Ganesan on October 12, 2022 at 6:17 am

    Vijay, it is a clear vedio as usual. If possible, would you share with us the good finance/ investment related books that you read.

11. 

    suresh babu on October 12, 2022 at 6:17 am

    Sir.. Jan I contributed 6k to Roth . But wife not working at that time. Now she works and we go above the max limit. How can I re do my action of 6k Roth input. All the spy that I got using Roth is in loss now. What can I do to reverse this?

12. 

    Prabagaran .s on October 12, 2022 at 6:17 am

    Very good vidoe, if know about nri investment options , add one vidoe on that

13. 

    Sambuvan King on October 12, 2022 at 6:17 am

    1) நான் இவ்வாண்டு 401Kஇல் $20,500 செலுத்திவிடுகிறேன் அப்படி உள்ள போது நான் இவ்வாண்டு IRAவில் $6,000 போடலாமா? 401K வையும் IRAவையும் ஒரே நேரத்தில் வைத்துக்கொள்ளலாமா?
    2) இப்போ நான் Disabilityஆல் எந்த வேலைக்கும் செல்லவில்லை, Disability Social Security வாங்குகிறேன். பணியிடத்தில் கொடுத்திருந்த 401K வை IRAஇக்கு Rollover செய்துவிட்டேன். அப்படியுள்ள போது நான் Rollover IRAவில் ஆண்டு தோறும் $6,000 பணத்தை போடமுடியுமா? இப்போது Roth IRAவில் ஆண்டுதோறும் $6,000 போட்டு வருகிறேன். Rollover IRA and IRA இரண்டிலும் பணத்தை செலுத்தலாமா?
    3) IRA and Roth IRA இரு கணக்கையும் ஒரே நேரத்தில் வைத்துக்கொள்ளலாமா?. வைத்துக்கொள்ளலாம் என்றால் இரண்டிலும் $6,000 செலுத்தலாமா? (மொத்தம் $12,000).

    உங்கள் பதில் வேண்டி, நன்றி

14. 

    Ahamed Mansoor Abdul Rahim on October 12, 2022 at 6:17 am

    Fantastic Vijay.. this is one of that topic that I was researching in recent time.. thank you for clearly explaining!

15. 

    Janavarthana Muthukonda on October 12, 2022 at 6:17 am

    Thanks a lot Vijay for this clear explanation in Tamil

16. 

    Ahamed Tariq Shahul Hameed on October 12, 2022 at 6:17 am

    Yey! New video released and much awaited