The 401k account will be taxed when you are ready to retire. Make sure to invest the sooner the better with your employer. I took my early retirement at 55 after my 30 years of my service with an insurance company as a senior account underwriter with my business accounting degree. I started to withdraw my 401K account without any penalty. I can also collect my sos benefits at 62. Work smart, save smarter, and retire early. Good luck with your job. Greetings from Minnesota!
@IknowIShareKhmer
2 жыл бұрын
How much did they tax you when you withdraw before 65
@sheilaPH
2 жыл бұрын
@@IknowIShareKhmer I believe 20% tax and you probably owe some more money at the end of the year when you file tax return. This is my personal experience when I took all my money out of 401k when I switch job back in 2018
@TheMrsJonasBrothers
2 жыл бұрын
@@sheilaPH 30% if under 59 1/2 years old, known as early penalty withdrawal when i retired at 48
@sheilaPH
2 жыл бұрын
@@TheMrsJonasBrothers I believe the penalties are the same regardless of how old you are as long as you are not reaching the age of the retirement which is 65 year old. Unless it’s a law that apply in your state that I don’t know then it’s probably 30% but according to the law in Virginia, it’s 20% penalties plus some more deductions when file taxes return at the end of the year
@chhinhuonglean6916
2 жыл бұрын
@@sheilaPH is your new employer not accept 401k rollover?
@Electronicview
2 жыл бұрын
Thank for sharing benefits worker in United states 👍
I love when you say “ Changing job like changing my outfit.. Don’t care as long Oun saret… 😍🥰😆🥰😍😍🥰 You definitely made my day.. independent Queen 👑 God bless sis.. ♥️♥️♥️♥️
@IknowIShareKhmer
2 жыл бұрын
Yes. Life too short. Live your life bong
@kingjardani7267
Жыл бұрын
Wow you work at the same company I do, but I work in Bedford near lowell Massachusetts.
@oudomkeo
2 жыл бұрын
I've been working from home (WFH) for the last 2 years. Kinda miss the workplace and people, but I gain more time with my family :)
@sushihall2404
2 жыл бұрын
I’m looking for new jobs, esp work from home. What kind of job you work right now? And how to get this jobs easily?
@sophaleng1252
2 жыл бұрын
អរគុណបងដែលចែករំលែក
@ayumikyo2166
2 жыл бұрын
Hi Bong, I always found all your videos very helpful and insightful. It would help a lot if you can make a video about how to ship something from US to Cambodia and vice versa, and how to transfer $ from Cambodia to US and vice versa? Very appreciate your hard work and thank you so much.
@IknowIShareKhmer
2 жыл бұрын
Thank you. I will if I can. Thank you for all your suggestion
@sopheafit1593
2 жыл бұрын
I can't waiting to living there Bong thanks thanks thanks for your always sharing nice video 🙏🙏🙏
@khanteykng1207
2 жыл бұрын
វាសនាខុសគ្នា sis ទោះចង់ក៏មិនអាចមានឱកាស។ anyway thanks for all video. GBU 🥰
@hannadrawing
2 жыл бұрын
First! Awesome job, happy to watch your sharing, well-done, sister, have a wonderful day👍👍👍♥️♥️♥️!
@mathananaturallife8528
2 жыл бұрын
Thank you for sharing this video
@thearaofficial1470
2 жыл бұрын
Thank you so much for your share, I wish you success in your work
Looking for new jobs too, can you share experiences and tips to apply jobs ( what is bad and good for your past jobs) why you love to change to new jobs?
@IknowIShareKhmer
2 жыл бұрын
More money
@lowprofile3254
2 жыл бұрын
Nice video. What is your position?
@KhmerMinnesnowta
2 жыл бұрын
There is an option as you can withdraw it with or without holding the federal taxes of 10%. They do not take out the state taxes but when you are filing your tax return at the end of the year, you might have to pay for it. For my case, I took it out within the low income brackets so I got all my taxes back at the end of the year. It can be tricky but if you know how to manage it, you'll save a lot of taxes so do not withdraw it a large amount unless you have to. You are still young so invest it smart with mix of funds. Always do your research with well-known investors. Feel free with any further questions. I can live with a comfortable life with my investments. Good luck!
@IknowIShareKhmer
2 жыл бұрын
It is tricky. I might need you to guide me in a long run. Do you love in Minnesota?
@thearaofficial1470
2 жыл бұрын
Good video 👍😍
@relax6379
2 жыл бұрын
Christmas tour មួយមកចែ😁🥰
@brosdakhun
2 жыл бұрын
I want to working at there , but I still live in Cambodia .
@chanthornsao9695
2 жыл бұрын
Hi bong, I want go to work in USA, So How should I do?
@kounpenda9488
2 жыл бұрын
Good benefit
@Bongleang963
2 жыл бұрын
A lot of benefits bong. How about Salary you can share or keep as privacy?
@IknowIShareKhmer
2 жыл бұрын
Maybe
@Gara8899
2 жыл бұрын
Hi dear, I have some questions, can you help?
@IknowIShareKhmer
2 жыл бұрын
What is it
@choeurngsovuth4173
2 жыл бұрын
បង ទៅUSA តាមរយះអ្វី?
@sonatta541
2 жыл бұрын
រឿងនឹងសម្រាប់នៅតែរដ្ឋបងទេមែនទេ?
@trexk1508
2 жыл бұрын
Lol....what happen when the company found out you put all their slides with the information on KZitem? Fired?
They have the system do it for us. I don’t even know
@ngetsarat7943
Жыл бұрын
❤❤❤❤
@phearithjp
2 жыл бұрын
ធ្វើមិចបានទៅអាមេរិកបង
@jr.jayavarman9124
2 жыл бұрын
If you look at the presentation slide footnote it say "Proprietary and Confidential." You should be careful what you share. Someone can report and you could potentially face penalty. US company is pretty strict when it come to export-control and proprietary information.
@IknowIShareKhmer
2 жыл бұрын
Thank you. I will take it down
@OppoOppo-vb5se
2 жыл бұрын
សួស្ដី
@cheangsipheng3567
2 жыл бұрын
Hi bong, how can I get to live and work in the US with my family with a small boy?
@IknowIShareKhmer
2 жыл бұрын
I don’t know
@sreysros
2 жыл бұрын
Yes
@piseisweetboy2006
2 жыл бұрын
Waiting ❤
@BUNTHOEUN_SOUN
2 жыл бұрын
The best
@ngetkakada3403
2 жыл бұрын
ច្រើនណាស់
@ngetkakada3403
2 жыл бұрын
កន្លែងដឹងជញ្ចូន បងឈប់ធ្វើហើយឬ
@IknowIShareKhmer
2 жыл бұрын
Quit long time
@fangchloe2559
2 жыл бұрын
Wanna work at US too
@babynat8826
2 жыл бұрын
ហាយចែ នឹកចែណាស់ចែសុខសប្បាយអត់❤️
@RoN-jj5ef
2 жыл бұрын
13:25 what that song name sister
@scottjonh1746
2 жыл бұрын
Hello jសុខសប្បាយអត់😊😊
@ToyvideosKh
2 жыл бұрын
Okay 👌😏
@phalchanseila2649
2 жыл бұрын
Do you know how to create a website?
@IknowIShareKhmer
2 жыл бұрын
No
@semsopha9818
2 жыл бұрын
ហេតុអ្វីចែប្ដូរការងារច្រើនម្លេះ
@choviranken3462
2 жыл бұрын
🙏🙏🙏💕
@sreysras
2 жыл бұрын
Sad I’m living Cambodia not in US
@poogagong1
2 жыл бұрын
Benefits the same to the bank I Cambodia
@hengkhannitha1100
2 жыл бұрын
សួស្តីបង ខ្ញុំចង់ធ្វើការជាមួយបងដែរ
@IknowIShareKhmer
2 жыл бұрын
Are you in Minnesota
@habakkuk5951
2 жыл бұрын
សូមព្រះប្រទានពរបង៕
@luckynasourn979
2 жыл бұрын
Ask the workplaces in America do offer the same benefit. Some places do give u any benefit beside the hourly pay. Not a lot of companies offer a good health insurance. U should mention the minus of America not only the plus one. On the other hand, u should mention about the surrounding people, which is about discrimination. There is a huge discrimination in the USA everywhere including the workplace. How much u make is totally out with the living situation over here or not? How much does the government take out from ur paycheck? How much u get in real? Is $17 hourly worth to live in the USA?
@lovelovesongly
2 жыл бұрын
True, $17 after tax and insurance, 401K, you take home about $320 a week. Rental apartment, for the cheap dirty one is $1000 a month in most areas. how do you pay for food, utility, and other expenses ? You can’t, unless you have a roommate or just rent a room in someone’s house.
@jr.jayavarman9124
2 жыл бұрын
@@lovelovesongly It's a real struggle living in the USA. $17 an hour is consider living in poverty, it is called living life from "pay check to pay check." Many people become homeless. Some people in Cambodia think the USA is gold and glitter, but that glitter is fill with hatred, divisiveness, expensive, and a hopeless future. If you are in Cambodia, you should consider yourself lucky.
@TheMrsJonasBrothers
2 жыл бұрын
@@jr.jayavarman9124 But Warren Buffett said: If you are in America you already won the lottery😂, I am still playing the Powerball after so many years here
@sokrimkheng1413
2 жыл бұрын
ចង់ទៅតែអត់សំណាងសោះ
@MaramiRin
2 жыл бұрын
how can we make Cambodia like that?
@IknowIShareKhmer
2 жыл бұрын
That I don’t know
@Timk9392
2 жыл бұрын
Hi bong, how much they pay you per hour? Am looking for new job also
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