On a call with a partner helping a F500 and he’s talking about ways to chop benefits costs and shift employees to cheaper healthcare plans that cover less and how to spin it as a good thing. Even made

likesmart
Reaction Icon Like
Arrow Icon

On paternity leave for next month. Also have a 3 yr old. Partner emails and asks if I have 10 hours over the next couple of weeks to work. What do I do?

like
Reaction Icon Like
Arrow Icon

Ok rich or going to be rich fishes. I need advice on a 9-5 job vs freelance. My partner is the primary earner makes 400k all in including bonuses. Has a pretty steady job. Puts in 50-60 hrs a week. I earn 145k all in at steady 9-5 job. My job is less demanding. Probably 20/30 hrs a week. My question is if I should go freelance and using his benefits open an LLC. I might earn half the ant but can write off some tax stuff and free up time to put my hands on other things like real estate etc. cont

likefunny
Reaction Icon Like
Arrow Icon

Just curious if I might be a little protected from layoffs since I had told HR that my partner is pregnant way before all this. Trying to make it to paternity leave. Does it matter?

like
Reaction Icon Like
Arrow Icon

I grew up poor. I work in biglaw now. I just about paid off my student loans over the last few years. I saved a small emergency fund, and I’ll now have a good amount of extra money every month. I’m also maxing out my 401k contributions. I’d like to use the extra $ to set myself up for the future, but I don’t know what on my own and I don’t have anyone in my family to talk to about it with. How do you pick a financial advisor? Is it tacky to ask a partner or someone at work for a recommendation?

like
Reaction Icon Like
Arrow Icon

What does an Operating Partner at a PE firm make (base/bonus/carry/other benefits)? How hard is it to make that move as a big4 Manager/Senior Manager or is there another way in?

likefunny
Reaction Icon Like
Arrow Icon

Why does the Big 4 pay their consultants so much less? Is it because our margins are lower or because of the partner pension plan?

like
Reaction Icon Like
Arrow Icon

Do big4 directors retire with the same benefits as partner or some other?

funnylike
Reaction Icon Like
Arrow Icon

Second year Consultant who came from a benefits broker. I feel like I am very much still learning the ropes of consulting. Was asked to help on a deck for proposal work for something I have no background/knowledge in. Told by the partner that I wouldn’t be creating content just story boarding and managing and organizing in the deck. The manager, familiar with the proposed solution, however seems to be annoyed with me that I didn’t create content. Not sure what to make of this?

like
Reaction Icon Like
Arrow Icon

How much is the partner pension at Big 4 firms? How many years do you get paid for?

like
Reaction Icon Like
Arrow Icon

Partner Question: If your top line monthly distribution is $100k, how much are you actually earning after taxes, medical, 401k etc.? I’d imagine the big 4 firms have fairly complicated state tax structures but curious if there’s a benchmark you use to think about it

like
Reaction Icon Like
Arrow Icon

First time home-buyer questions re: tax (or other) benefits. I am looking to buy a house with my partner (not married). She already owns a home, this would be my first home (and it would become our primary residence). Our combined income is $325k/yr (120k/205k for her and I, respectively) and we both have good credit scores such that either one of us could get a mortgage for enough to buy what we want. What are the benefits of the mortgage being in one vs. both of our names? (CONTINUED)

like
Reaction Icon Like
Arrow Icon

Big 4 partners: is there a firm-specific risk to the partner pension, like if the firm were to go under (e.g. Arther Anderson)? I assume you could mitigate this by taking lump sum, and investing, but wasn’t sure how this works.

like
Reaction Icon Like
Arrow Icon

How is maternity leave for equity partners handled at your firm? I’ll be the first female equity partner at my firm to have a baby (which is insane, but let’s set that aside) so there’s no policy at this point. I think the other partners are looking to me for suggestions, but I’m not sure what to propose. Would love to hear how other firms handle this. In case it’s relevant, I work at a boutique firm in Chicago.

like
Reaction Icon Like
Arrow Icon

Leaving Financial Services audit role after 4 years, have a few questions for anyone who has gone thru this process - How does the whole handing in your laptop process go down these days? - Any advice on who I should first communicate this news to? (PML/counselor, Partner, HR) - Any advice on things I should look to do during my last 2 weeks with the firm? (i.e. CPE credits - How is 401k account handled? Should I reach out to someone at my investment advisor, or will I be contacted by someone?

like
Reaction Icon Like
Arrow Icon

My partner is a PhD student, US resident alien, and Indian national who has been a student in the US for 6-7 years now. He’s struggling to find a tax filing platform which’ll allow him to report income from fellowships and PhD salary, and also claim India-US tax treaty benefits. Does anyone know where he can get started?

like
Reaction Icon Like
Arrow Icon

What partner retirement packages do big 4 offer? Do partners typically get an annual compensation for life after retirement or do they just get a retirement pension (fixed sum) that they can withdraw from after retirement?

like
Reaction Icon Like
Arrow Icon

Anyone successfully parlay a partner offer into something like opting for part time with benefits? Boutique firm w great partners but don’t want the equity lifestyle. How to prep next few years?

like
Reaction Icon Like
Arrow Icon

How does big 4 partner pension work? What is the calculation based on?

like
Reaction Icon Like
Arrow Icon

Has anyone partner with ADP for 401k business? How does that work?

like
Reaction Icon Like
Arrow Icon

Recently switched into consulting and don’t want to stay to make it to partner. I vest fully in my benefits by year 5. Is there a good duration to stay in consulting before exit opps become limited?

like
Reaction Icon Like
Arrow Icon

Hardest part of navigating maternity leave and WLB as a junior partner?

like
Reaction Icon Like
Arrow Icon

Does anybody know how HSA benefits work with unmarried domestic partners? We are on same health plan but it’s unclear whether hsa is tax advantaged or not for my partner. Online info is very unclear as well.

like
Reaction Icon Like
Arrow Icon

Anyone in the UK here? Looking for some FIRE tips. Current ‘waterfall’ is: 1/ Max out pension contributions (just under the new taper threshold so £40k/year) - mix of tracker and active 2/ Max our 3 year carry forward allowance on pensions, 3/ 20k/year in ISA (had paid into a LISA for one year but live with my partner who owns, so unlikely to use this for first home purchase; will wait until 60), 4/ Paying down mortgage before end of 5 yr fix, so we’ll be at 60% LTV. Any tips beyond this?

like
Reaction Icon Like
Arrow Icon

Related Posts

Was paying 4700 in loans and rent. Moving from Manhattan to Queens and refinanced my private loans to 12-month no interest credit cards. Saving $1450 a month and starting a travel fund and 401k!

like
Reaction Icon Like
Arrow Icon

My husband is in grad school and always has wanted to be a stay at home dad. Now that my hours are insane, I'm starting to see the benefits in it...

like
Reaction Icon Like
Arrow Icon

Is it normal to ask about health insurance benefits of a company where you have an offer? Got an official offer but have no idea what the health insurance plans are like. Any smart tactful way to ask?

like
Reaction Icon Like
Arrow Icon

All 🐠 with firms that provide pensions... Best advice for vested pension when leaving your firm? Should you take lump sum or leave it? Manager level but been with firm since college graduation.

like
Reaction Icon Like
Arrow Icon

Do you save on taxes when you work outside of the US for a year? My team and I are being sent to Japan for a year and I'm trying to understand the financial benefits

like
Reaction Icon Like
Arrow Icon

What are your favorite abbreviations in the biz? IRA? SEP IRA? 401k? Go!

like
Reaction Icon Like
Arrow Icon

Does anyone here prospect 401k plans ?

likeuplifting
Reaction Icon Like
Arrow Icon

How much do you usually contribute to 401k and Roth?

Reaction Icon Like
Arrow Icon

Hi Accountant 🐠! My friend just received settlement. She is trying to figure out what to do with it. Someone told to open a trust to avoid taxes and impact on her potential benefits <contd>

like
Reaction Icon Like
Arrow Icon

As an entry level analyst is it better to enroll in the Pre-Tax or Roth 401k ? What are the benefits of each?

like
Reaction Icon Like
Arrow Icon

Looking at moving to Raleigh. Fed law clerk who also clerked in state court (NJ). Curious as to the potential salaries and benefits for a third-year associate and what is/isn’t negotiable.

Reaction Icon Like
Arrow Icon

Do teachers use LinkedIn to network? Wanted to utilize an old account but don’t know the benefits?

like
Reaction Icon Like
Arrow Icon

So, Trump is giving corporations a 20% tax break and is taking away the tax benefit of contributing to your 401k. So he effectively took our money and gave it to corporations. Take that middle class.

like
Reaction Icon Like
Arrow Icon

I have a month long hotel stay for work. The final bill will be just under $5k. Is it better to break this up over the two pay periods or just submit for reimbursement for the whole thing at the end?

like
Reaction Icon Like
Arrow Icon

$8K in 401K at 24 years old. Is that bad or good?

like
Reaction Icon Like
Arrow Icon

What companies in the industry have good benefits?

like
Reaction Icon Like
Arrow Icon

Pros and cons of rolling over my 401k from a previous employer?

like
Reaction Icon Like
Arrow Icon

@Deloitte what are your benefits like? Profit sharing? 401k match? Employee share program?

like
Reaction Icon Like
Arrow Icon

Are manager health, dental, etc benefits firm paid usually? Ive always thought this to be the case, but ive never heard for sure. I know parking and cell phone is usually covered a lot of places.

funnylikehelpful
Reaction Icon Like
Arrow Icon

Got laid off and now cobra insurance is ending. What is the best way to figure out what health insurance options are out there? Any company or website to help with this? Thanks for your help!

like
Reaction Icon Like
Arrow Icon

Additional Posts

EY 401k - what funds would you recommend ?

like
Reaction Icon Like
Arrow Icon

Anyone else feel like sometimes all you do is babysit your clients and their fragile male egos 🙄 we need diversity in the board room. And we need it bad!!!!!

likesmart
Reaction Icon Like
Arrow Icon

Tucker on Fox News : Men in America are failing. Focus on men not women. Stats are wrong. Wage gap is misleading.... Thoughts on the gender wage gap? 😐

likehelpful
Reaction Icon Like
Arrow Icon

Normal to feel overwhelmed by career choices as a first year? Look at what I do in my role, and the job reqs for stuff on LinkedIn I want and no idea how I’m gonna get there with so little control

like
Reaction Icon Like
Arrow Icon

I'm a recent graduate and previously was very close to going to Wall Street. Even though mgmt consulting and banks attract a lot of similar people, I've noticed a HUGE difference in the culture of online communities for the two. Banking (WSO, Insta IB meme pages, etc) are all about money and prestige with a "fuck you" frat bro vibe, whereas consulting ones have a friendlier tone, less money/prestige focus and more liberal political beliefs. I just find this all interesting, any thoughts on it?

like
Reaction Icon Like
Arrow Icon

If anyone wants to study for the CFE but doesn’t want to pay the full price for the study materials and would be interested to split it, please DM me

like
Reaction Icon Like
Arrow Icon

How much of my salary should I contribute to my 401k?

like
Reaction Icon Like
Arrow Icon

Would it be a bad decision to jump ship 5 months prior to the Consultant > Senior Consultant promotion? Looking for long term view. Potential ~35% comp bump going to industry, but not a ‘senior’ title

like
Reaction Icon Like
Arrow Icon

Does anyone want to become a Chicago Fire fan with me? Missing soccer culture 😣

like
Reaction Icon Like
Arrow Icon

Had a really good networking call with a manager from D who offered to help in the future if possible but didn’t specifically offer to submit a referral. Is it rude to ask since they offered to help?

like
Reaction Icon Like
Arrow Icon

Madison Energy Investments Analyst pre-recorded video interview this week. Any idea on the questions to expect?

like
Reaction Icon Like
Arrow Icon

Thoughts on TDOC? Heard lvgo and tdoc May be looking to merge and there’s apparently 6 fool services that are recommending tdoc? What position will you enter?

likesmart
Reaction Icon Like
Arrow Icon

If a recruiter messaged me on Indeed about a position and just left a phone number and email to chat- should I cold call the recruiter , if they haven’t responded to my message expressing interest?

likefunny
Reaction Icon Like
Arrow Icon

Anyone have any info on translation, Annex88 or RGA? I’ve been in contact with each and would love to get an idea of the culture of these agencies.

like
Reaction Icon Like
Arrow Icon

Why have layoffs occurred at firms such as RSM and not Big Four? Serious question.

like
Reaction Icon Like
Arrow Icon

Felt excited about an interview but left afterwards with a bad taste in my mouth. Feeling like maybe it’s not worth pursuing. Anyone ever felt this way and what did you do?

like
Reaction Icon Like
Arrow Icon

I just got an offer for a Pharma role as new SAE - they gave me my asking salary without any negotiation and now I’m wondering if I undersold it. Any Pharma SAEs in NYC willing to share their salaries/years of experience?

like
Reaction Icon Like
Arrow Icon

What’s the most offensive thing people said to you at work? Trying to navigate the being an a$$ and success consultant culture

like
Reaction Icon Like
Arrow Icon

McKinsey compliance teams recruiting AML folks. What is the expected salary for the role of specialist? How much work experience is required for specialist/senior specialist?

like
Reaction Icon Like
Arrow Icon

Best burger or steak in San Francisco? Go.

like
Reaction Icon Like
Arrow Icon
That was just a preview…
Sign Up to see all discussions
  • Discover what’s it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

OR

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

Please enter a valid number