Consulting

Can someone explain to me why the government doesn’t just freeze rent and mortgage payments during coronavirus and then provide unemployment to those who need it? Seems like everyone could get a temporary free pass if the fed on down forgives loan payments throughout the crisis, and unemployment benefits / stimulus provided to individuals could be significantly lower without having to factor in rent. What am I missing here?

This month I won a few million after taxes in the lottery. My question is do I quit or keep working so I have something to do and have health insurance? Debating working until I decide what I want to do next? If it matters - 40 in Manhattan.

Can someone explain to me the $600 additional weekly unemployment benefits that ppl will begin receiving? I now have an unemployed friend who will be making more than me....

My neighbor is an air traffic controler and makes over 100k at 23 with an associates degree. They also get a pension and a mandatory retirement age of 56. Are there other gov jobs that are this cushy?

People who stand up as soon as the plane lands, can you explain why? Not being snarky, but I don't see how it benefits much?

What is the 401k match like at your firm?

If you were offered 50% of your compensation and full benefits to take a 6-12 month ‘break’ from your job would you take it? Because that may be coming to you very soon.

Hey fellow 🐠 just wanted to have a place to share without coming off as boastful on social media. I recently was able to pay off my massive student loan debt and car loan as well. I’ve saved 20k in cash (which could last me over a year since I live in low COL city) and have 20k in my 401k. I know it may not be much to other consultants, but I’m only 24 and went through an abusive childhood so I feel incredibly grateful to be where I am today. Thank you for letting me brag on myself!

I’ve heard that getting up extra early every day (~2+ hours before you start work, commute, etc) is good for mental health/happiness as you actually enjoy the morning. Anyone do this and see any benefits?

Is it unethical to quit after maternity leave?

My wife doesn’t invest her money in stocks, mutual funds , CDs. She just has a 401k and all her savings go into a savings account which basically yields nothing. I coax her into investing and have often told her about inflation over the years and lower of compounding but she is too scared that investing would take her money away. You guys have similar issues and how have you dealt with it ?

Hey 🐠 - I’m early in my pregnancy and interviewing bc I’m afraid of being laid off soon. How can I find out from the firms I interview with whether they have minimum tenure requirements to qualify for paid maternity leave (e.g., need to be at firm 1 year before qualifying)? Obviously, this is the most important benefit for me and I will not be revealing my pregnancy during the interview process. Anyone been through this and have any advice? TIA

All, my wife is pregnant and we are expecting our first child soon. My wife’s job has standard unpaid 12 weeks maternity leave. Is it likely I’ll be able to take 2-3 months or is that just “you have it but can’t take it” policy where I’ll be penalized at year end?

How much did you have saved in savings + 401k at 23? Seeing peers at better firms making 200+ at 25 and saving as much as my after tax income 😓

What % do you guys contribute to your 401K?

Travel perks were one of the most attractive benefits in Consulting. How do firms plan to stay lucrative in the new world?

Hypothetically, if student loans are forgiven, should some benefits be extended to those who paid off their student loans aggressively or chose public over private institutions?

What are some life changes you’ve made that have made you a lot happier? How long did it take to experience the benefits?

Why do we slave away to pay for some retired PMD’s pension?

Overheard: “Company X should make a stronger effort to hire from HBCUs”. I don’t understand why they should/what the benefits are. Can someone explain?

Husband told me to stop 401k deductions for the time being. Agree?

Has anyone else’s 401k dropped??

Having 129 Base salary , wife doesn’t have job anymore , saving 40k , 401k saving 25k , is it advisable to put all my cash saving 40k and buy a house worth 450k. I live a simple life , car loan .....

Paid off my loans/credit card debt. I barely have any savings. Is the next move to shoot for a 6 month safety fund or to max out my 401k?

I wish I could get pregnant, so I can go on a maternity leave from public accounting - I’m a male.

Tempted to pull my entire 401k portfolio out of stocks and into cash and safer assets in the short term. I don't trust the market and think it's a bubble waiting for a correction. Is this a bad move?

Ridiculously beginner questions but: 1) is the max 401k ($19,500) that you can save per year including employer contributions? 2) hypothetically what happens if I set my contribution rate too high and don't correct it? Let's say I make $100k and set my rate to be 30% which would result in my saving to much. Are there safeguards against this or do I get penalized? Thanks!

What's a good amount of money to have in your 401K at age 30? Genuinely curious

Which consulting firm has the best benefits?

Hey all! Currently live in DC and thinking about moving to either: Los Angeles, Austin, Seattle, or stay in DC. Where would you move/live considering: cost of living, housing prices, and job market. I feel like LA has a rough job market in terms of competitiveness of applications compared to DC/Austin but benefits elsewhere. Feel free to share anything else I should know! Thanks!

How old are you and how much do you have accumulated (total) in your 401K?

I’m 23 and don’t have any student loans. I have about 70k saved up and want to kick start investment / planning for the future. Where do i begin besides 401k? Any advice would be appreciated :)

Any financial advice for us younger professionals who have not weathered a recession? I’m nearly three years out of college and it freaks me out to see my (small) 401k losing thousands of dollars.

Should I stop depositing into my 401k?

We break our backs for firms like EY and others. Yet our so called prestigious firms go for health insurance that doesn’t even cover for basics such as flu shots. The corporations are literally jabbing it in our neck!

Savy investors: I have a 401k and a S&P 500 index fund. I’ve lost about $7,000 across both. Are you buying, selling, or holding based on market volatility today? Advice needed

How can I become more “okay” with being an average performer? I’m two years out of school and have been considered a high performer so far, but it’s taken a toll on my mental health and I feel anxious most days. I’ve realized that the cost of being a high performer outweighs the benefits, and am trying to loosen up and be more comfortable with coasting on occasion... I’m what people may consider an insecure overachiever. Has anybody here ever had the same feeling?

Everyone is different. Different circumstances, etc. I get it. At 30 how much do you/did you have in 401k and Savings? Do you/did you own a home?

How many of you prefer per diem instead of actuals?

Hey 🐠 , female here! wanted to know 1) if being pregnant during promo year affect anything negatively? Coz u ll immediately take maternity leave? 2) can anyone who was in maternity leave for that performance year go up for promotion and get promoted?