Good video; would be nice if the word “employee” and “employer” are called out clearly. I see some small mistakes in that but I might be wrong too. Just wanted to pass this suggestion. Same in your other 401k video too. Great info and thanks for making it simple for our people. Great go
Excellent videos Arthi and Prem. Big thanks to my wife for forwarding this channel. Really appreciate what you guys are doing and this would help a lot of indians in US in staying up-to-date. Waiting for a separate video on 529 plan - can that be used for spouse education? I know you mentioned it can be used for children education. Let me know if you have a plan to talk about planning spouse education - what to do, what not to do. Thank you so much. Keep up the great work!
Good Job Arthi and Prem. I am more likely to add 529 in the future. I heard HRA is not possible unless your health plan has high deductible. I also heard from my tax consultant this year that if you own a foreign property (in India) and pay more mortgage than rental income there then it can be shown as an expense to get US Tax deductions. It saved me a good amount which I didn't know until this year.
Hi Arthi & prem you people are giving good information's in finance and taxes savings may be next year i will change it to HSA plan. Thanks from tamilarasan, North Canton, OHIO.
@prem mama, can you talk about "Estate Plan" ? I see this topic in a lot of desi whatsapp groups. But not sure how to initiate the process legally. Also, diff between deed, will and estate plan.
Hi. A green card holder who is a retired pensioner in India who pays tax as required and files income tax returns in india. Is he required to file tax returns in the USA?
Anna.. if possible please do a video for new grad student who are moving to a new city for job. Share your suggestions based on safety aspects. I was bit terrified after you last video about the crimes happening. If you could share any info like.. How to choose the housing community.. Is it better to get a car immediately or not.. Anything that we should keep in mind when we move to a new city by ourselves.
Hi prem you didn’t talk about investments in home loan in the tax savings topic .. please embed that also in the sheet and provide full view of tax savings .. by the way you are rocking dude!!!
Anna, my wife doesn't have an SSN or ITIN. Will I be able to file jointly? I heard that getting a new ITIN will take 8-9 weeks. Can I apply for an ITIN now and file an extension on tax deadline, so that I can file jointly once I get the ITIN?
@Arthi Prem, Thanks for the very informative video again. Have some questions on the ROTH IRA, Unlike 401k where the company matches and contributes with out us involving. Can you help me on how I can direct my contributions to IRA and get tax benefits for the same. Thanks again
Hi bro Opening IRA account is very easy you can call any financial institutions which are providing IRA account and you can open the account.. pls do some research before opening one Charles schwab is one of the good provider www.schwab.com/ira
Prem, your 529 plan suggestion is not accurate. Not all state gives you tax break. For example if you are in CA there is no tax break. The benefit of 529 is growth is not taxable. So, 529.may not be beneficial for everyone.
Yes bro .. i said most of the states are given tax exemption not all The earnings are not taxable would be the good things too.. say if I invest 5000$ in a shares or options or mutual fund after 10 years when my children started college the earnings would be more and its the non taxable say if its would be 15k i don’t want to pay tax for 10k... that would be great ...
@@ArthiPrem Just be careful, folks are happy when they gain money. If they find they lose it, that's when the ugly side shows up. Just warn everyone that you are not a financial planner or tax advisor and this is simply a reflection of your understanding of current tax rules. And anyone should do their due-diligence before making a financial decision. You may want to put it in writing in your comment section as well. Just protect yourself.
![[LIVE] : ONE ลุมพินี 83 วันนี้!! คู่เอก "พันฤทธิ์ vs ซุปเปอร์บอล วันของโอม MBK"](http://i.ytimg.com/vi/1b4pkKHa_Fk/mqdefault.jpg)
What is ROTH IRA and How to convert 401k to ROTH IRA? 👇👇👇👇
th-cam.com/video/dsavdJovV_4/w-d-xo.html
Good video; would be nice if the word “employee” and “employer” are called out clearly. I see some small mistakes in that but I might be wrong too. Just wanted to pass this suggestion. Same in your other 401k video too. Great info and thanks for making it simple for our people. Great go
Arumai, happy long weekend, 3am est ku video paakuren!
Nicely explained. Still many thing to learn
Happy Teachers Day ( we keep learning !l
Bro Neenga green vangitingala , adhoda experience pathi sollunga unga point of view la........
once again a clear and simple video Prem and Arthi, Thank u
Thanks a lot..very useful video..ana inum avalo sambarikala....but future la use agum
Hi Bro.Amazing tips about Tax Savings..Many congrats on your videos.Can you please share some tips/video about 529 plan.
this is really very useful information to many people bro. enakum last year than itha pathhi therinjathu.
🙏
Very informative and learned about 529 plan…❤
Thanks bro
Excellent videos Arthi and Prem. Big thanks to my wife for forwarding this channel. Really appreciate what you guys are doing and this would help a lot of indians in US in staying up-to-date. Waiting for a separate video on 529 plan - can that be used for spouse education? I know you mentioned it can be used for children education.
Let me know if you have a plan to talk about planning spouse education - what to do, what not to do. Thank you so much. Keep up the great work!
Sure bro
Definitely will upload the 529 plan video
Thanks for your kind comments 👍👍
Good Job Arthi and Prem. I am more likely to add 529 in the future.
I heard HRA is not possible unless your health plan has high deductible.
I also heard from my tax consultant this year that if you own a foreign property (in India) and pay more mortgage than rental income there then it can be shown as an expense to get US Tax deductions. It saved me a good amount which I didn't know until this year.
Liked this video.what are options for saving for a Doctor
Nice premarthi 👍, konjam purinchuthu.
Nice video. Wasn't aware of 529 plan.
Thanks🙏
Do a video on health insurance, especially for visiting parents..
Definitely thanks for the suggestion 👍👍👍
Yes me to waiting for this
Super bro. This the exact way we can save the money.
Thanks bro 👍
Good Job Prem and Arthi. All the topics you share is worth to watch and all Indian immigrants should watch atleast for knowledge purpose.
Thank you bro... pls share it 🙏
sure bro.
Hi Arthi & prem you people are giving good information's in finance and taxes savings may be next year i will change it to HSA plan. Thanks from tamilarasan, North Canton, OHIO.
Cool bro... thanks
We are also from ohio
@@ArthiPrem oh yes i know bro.
its just a 2 hour travel from my place to yours. once the situation get cleared we will have get together.
ALL-IN-ONE 👍👍
Nice video as always, you always take the pain of browsing and save our time 😀
நிங்கள் என்ன வேலை பார்கிறிங்க ஒரு video போடுங்கள் நண்பா
@prem mama, can you talk about "Estate Plan" ? I see this topic in a lot of desi whatsapp groups. But not sure how to initiate the process legally. Also, diff between deed, will and estate plan.
Informative. Suppose If I suggest some NRI Tax Saving option to you will you be interested to know. Because I am a Financial Planner.
Hi Arthi n prem I asked my son to send some amount n he had sent it to thinnai foundation.Edho avanala mudinja amount he had given.
If you can save money, think about Backdoor ROTH. After 5 years all the income earned is TAX FREE which can be significant
Hi. A green card holder who is a retired pensioner in India who pays tax as required and files income tax returns in india. Is he required to file tax returns in the USA?
Anna.. if possible please do a video for new grad student who are moving to a new city for job. Share your suggestions based on safety aspects. I was bit terrified after you last video about the crimes happening. If you could share any info like..
How to choose the housing community..
Is it better to get a car immediately or not..
Anything that we should keep in mind when we move to a new city by ourselves.
Hi prem you didn’t talk about investments in home loan in the tax savings topic .. please embed that also in the sheet and provide full view of tax savings .. by the way you are rocking dude!!!
Thanks bro.... sure i do more details in the further videos 👍👍
Thank you so much Arthi sister and Prem Brother🙏🙏🙏
🙏
useful tips Arti and Prem :)
Thanks sis🙏
Anna, my wife doesn't have an SSN or ITIN. Will I be able to file jointly? I heard that getting a new ITIN will take 8-9 weeks. Can I apply for an ITIN now and file an extension on tax deadline, so that I can file jointly once I get the ITIN?
Bro, Whether 529 plan can be used only for college fees in future or can be used for kids Pre School and other expenses for Books and Materials?
Good question bro...
I will cover in the next video 🙌🙌
W1 Epadi fill pananum. Ithaium oru video podunga bro.
Sure bro👍
Very good job ! Keep up the good job
@Arthi Prem, Thanks for the very informative video again. Have some questions on the ROTH IRA, Unlike 401k where the company matches and contributes with out us involving. Can you help me on how I can direct my contributions to IRA and get tax benefits for the same. Thanks again
Hi bro
Opening IRA account is very easy you can call any financial institutions which are providing IRA account and you can open the account.. pls do some research before opening one
Charles schwab is one of the good provider
www.schwab.com/ira
@@ArthiPrem Thank you ! definitely, will be doing some research before doing the IRA.
Useful video friends
Ji semma video.. good work ..
Thanks sago🙏
Very informative video. Keep going 👍
🙏
Great info.. Appreciated 👍👍
🙏
Informative. Thanks for sharing
🙏
Super,anna tell me the house tax benefits, tax returns.
👍
@@ArthiPrem I am trying to contact you? What is your best email ID to reach you? Or you can reach me at yuvak7@gmail.com
Thank you so much.very useful vedio
🙏
Please give me what is FBAR frmat to be filed for h1b holdwe
If saved in NRI Omore than 6 lakhs rupees and to pay rax and inform US government?
Hi Prem, Can you make a video about SSN retirement benefits?
Definitely thanks for the suggestions 🙏🙏
In which company you are working?
Prem, your 529 plan suggestion is not accurate. Not all state gives you tax break. For example if you are in CA there is no tax break. The benefit of 529 is growth is not taxable. So, 529.may not be beneficial for everyone.
Yes bro .. i said most of the states are given tax exemption not all
The earnings are not taxable would be the good things too.. say if I invest 5000$ in a shares or options or mutual fund after 10 years when my children started college the earnings would be more and its the non taxable say if its would be 15k i don’t want to pay tax for 10k... that would be great ...
@@ArthiPrem Just be careful, folks are happy when they gain money. If they find they lose it, that's when the ugly side shows up. Just warn everyone that you are not a financial planner or tax advisor and this is simply a reflection of your understanding of current tax rules. And anyone should do their due-diligence before making a financial decision. You may want to put it in writing in your comment section as well. Just protect yourself.
Very informative!!!
very useful information!
🙏
Arumai
Is Pre tax 401K and Trad IRA are not taxed in future?
Sister clearly explained in the below video regarding IRAs... please click the below link 👇👇👇👇
th-cam.com/video/dsavdJovV_4/w-d-xo.html
They will be taxed but at the lower income tax bracket as we will not have any other earnings after retirement.
Arthi madam super
🙏
What to do with the amount in HSA account if we go back to india ? Pls post a separate video
Sure bro thanks for the suggestion 👍👍
Hi can you share the excel sheet thanks srivatsav
Super👌🏽
Thanks🙏
Hey could you please share rhe excel
👌👌👌
🙏
Single $3550, family $7100
What is the best email ID to reach you ArthiPrem?
As always v.useful for many though not for me
Need that excel sheet