I recently changed jobs and my new 401K provider - Principal has very limited MF investment options. My prior employer’s 401K was managed by Fidelity and provided me access to a range of MF options. I believe that the fund options are negotiated by the employer and provider? Two questions. First - I have not rolled over my previous 401K to the new one. Would there be any problems. Second - is there a way I could move my current 401K to another (precious) provider?

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Hi. Looking for specific salary data points (base + bonus % range + any other relevant benefits) for the Dubai office pls - EM/PL and Principal levels @ (1) MBB (2) Strategy& (3) OW (4) Kearney (5) ACN Strategy (6) Booz Allen. Have looked at Glassdoor data already but looking for latest & credible info, ideally from those working in these firms pls. This is for final offer negotiation purposes. Thank you 🙏

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ROTH 401k, can someone clarify all the benefits. You are allowed to pull out principal beige 591/2 tax free correct?

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Got an industry offer - Director level, 100% remote - $230k & 15% bonus. SM1 $177k. Thinking that isn’t enough to jump but close friends think I’m letting the carrot of Principal, and the pension that goes with it, cloud my judgement. Thoughts?

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Feeling frustrated. Our reentry was delayed again, so I’m trying to get confirmation to continue teaching from home since we have a little baby. Well, admin says we have to get approval from HR, and HR says it’s really up to the principal whom they can’t get a hold of. If I have to go in then I’m taking sick days until my maternity leave kicks in next Thursday.  It seems simple enough to me that they would want me to keep teaching my own kids. HR seems to be on my side.

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Just turned 50 and allocated about 10% in my 401k to a long term bond fund which is already down 3% this year . I am not a fan of bonds especially with the current rate environment. Any suggestions instead of bonds to protect principal . Money market ? Target date fund ?

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My husband and I (both 27) max out our Roth IRAs each year, have a complete emergency fund, and I’m able to start maxing my 401K this year (he contributes 10% to his 401K - it isn’t possible for him to max his based on his current pay). We contribute 18% extra towards principal on our mortgage each month. We now have about $20k of additional savings we want to figure out what to do with. What would you recommend to someone who is new to stocks/investments?

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Question about what to do with a bolus of money ~$50k. Mortgage principal payment (current <20% equity, 3.75% rate) or mix of Vanguard mutual funds? Retirement is maxed for the year (both 401k pre-tax and post-tax contributions).

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Are there any special retirement benefits for a MD vs principal?

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I have no debt, just refinanced my primary residence (~$500k mortgage, $3000/ month) for which I pay extra principal ($600) every month (to turn 30 years mortgage into 20), maxing out IRA and 401k, have a monthly automatic investment in mutual funds ($800/month) with ~20% growth/y so far, 6m+ in high yield saving account, and save ~$1,500 each month on high yield saving. What’s my next move for investing?

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Deloitte consulting partner vs Accenture principal. Is comp and pension comparable? SAP implementation.

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I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage. I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest. Anything wrong with this thinking or anything else I should consider?

Anyone here work for Amazon? I am trying to learn what they are doing in the healthcare space. Is it all part of Haven Healthcare? It's kind of bizarre that I never hear anything about Haven in the industry? There is a position open: Principal, Program Management - Healthcare Strategy, that sounds interesting. TIA!

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Is it a bad idea to cut back my 401k contribution to reallocate a portion to principal payments of my student loan debt? I currently have pre-tax contribution of 10% and thought I could change it to 5%. Thoughts?

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Fellow Partners/Principals, how does Partner deferred comp/pension work at PWC and EY. I have direct admit offers (verbally confirmed today) from both. I am also in the process of switching to Principal track Deloitte in the upcoming FY and Deloitte’s pension is based on avg of your best 3 yr. I am hearing that may not be the case at PWC. I would like to account for that in negotiating fair signing bonus and/or annual income offer. I am leaning towards PWC. Thanks in advance!

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Hey! — one of our portfolio companies in the healthcare space is looking for someone to build out its customer success function. Looking for senior manager/principal, healthcare exp required, dm me!

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Hey! — one of our portfolio companies in the healthcare space is looking for someone to build out its customer success function. Looking for senior manager/principal, healthcare exp required, dm me!

likeuplifting

My husband and I were a bit screwed over by our mortgage lender and did not get to do a down payment (long story), but immediately applied $10k towards principle for a $460k 30 yr VA loan (no PMI). We refinanced recently after 1 year in the house to save an additional $400 a month that we’re putting back into the principal monthly. We max out our Roth IRAs each year and are working towards 15% 401k contributions. We have some additional savings though that I feel we should be doing (cont).

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I’ve seen a couple posts lately with comments saying that people should not use a Roth 401k. Does the logic below capture the spirit of that concept? 1. Use trad. 401k to reduce taxable income now. Convert to trad. IRA once retired, then convert gradually to Roth IRA (ladder, SEPP, etc.) at lowest marginal tax rate 2. Use Roth IRA (and/or backdoor Roth) to take advantage of tax free growth and ability to withdraw principal early without penalty

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I have a question on 401k loans. How is the principal repayment reinvested? Monthly? When the loan is fully paid? Do they cash out that portion of my investments or just use then as collateral?

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Currently have 35k in 401k and 22k in Roth with Vanguard through previous employer. New employer uses principal. Should I transfer my Vanguard funds to principal? Thinking of taking loan out cont.

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Evaluating joining BCG at the principal level. Any pointers on interviews pls? Also keep reading about BCG perks and benefits on this forum - can someone please share the top 5 maybe?

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Anyone know the compensation for Principal Consultant at Infosys Consulting? What are other benefits?

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Opinions please: I’m 24, have over $100k in private student loans at around 5%, ~$80k salary in tier 2 HCOL city. Do I dump money into principal or prioritize savings/401k? May want an MBA (cont)

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For those of us at a Big 4 with a current pension plan, what happens to the balance of that account upon making Partner/Principal? Im aware of a separate plan, but unsure how/if it transfers.

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Related Posts

Best consulting firms in Houston for Healthcare?

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“Per diem” meal expenses are EXPLOITATION. $50 is not enough for a single meal at a hotel restaurant, let alone an entire DAY for food. Shifting travel costs onto your employees = evil. Yes i mad :<

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New to KPMG- out of town at a client, how does claiming a per diem work? I've just been buying my meals with my corporate card

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PE is notorious for being difficult to get into unless you’re coming from IB. However, there are success stories for consultants breaking into PE even without an MBA. Which got me thinking, how difficult would it be for a healthcare management consultant to land a spot at a healthcare-focused PE firm?

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Is Deloitte’s healthcare practice currently undergoing a hiring freeze due to rightsizing?

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Why are you in agencies? What are the benefits of being in an agency over clients/media partners side? Trying to find a new motivation to continue staying in this industry..

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Hello! Any insights on how Legato is as a company? I'm a business analyst/ business systems analyst. My focus area is health insurance. I have 3.5 yrs experience with Health care clients Total yoe is also 3.5

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Max out 401k of save for house down payment?

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If I enrolled in health insurance and it is effective immediately what do I give my doctor when I see them? I don’t have anything?

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Leaving the firm and the country. What do I do with my 401k? Any suggestions would be much appreciated. Don’t plan on returning to the US anytime soon and I’m in my late 20s.

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Do you spend your entire per diem? Or do you prefer low-cost food options (chipotle for example) and save the rest of the per diem?

I see that PwC has an annual $5,250 tuition reimbursement benefit. Is it pretty straight forward to get approval for? I’m an experienced hire thinking about joining the company. I am currently doing an MS in analytics and was wondering if I’d be able to apply this benefit towards future semesters of my degree.

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Product Management - I am somewhat interested in trying to move into product management. I have led internal analytics product development at a prior firm, and have led clients through developing/improving “products” for their teams to use however I have not led “consumer facing” products and my experiences have not been as “formal” as many PM roles ask for. I work in healthcare and would want to stay there. I’m wondering if others have any thoughts on these transitions.

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Thoughts on AppleWatch (trying to use the wellness reimbursement). ☺️

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Who else drank their per diem dinner today 🙋

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Would you rather travel every week or have a 90 minute commute to a local client client without any per diem or travel points???

Pros and cons of working in Dubai - have an opportunity to move there in January. Local package, no expat benefits.

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How does the pension plan work at Deloitte? I’ve been working here for 3 years and never knew Deloitte offered a pension. I see a balance on my account but it says my statement is suppressed

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Anyone have tips for paying off $136k of student loans (undergrad and mba)? I’m trying to make large payments but now I have no savings or 401k. I’m 25 and just stressed as hell about this :(

likeuplifting

just joined the firm and needed to roll over my 401k. I got a check from the old brokerage made out to the new brokerage for the value of my 401k. Still haven’t sent it in to PwC. Should I hold off

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Additional Posts

I’m thinking about transferring to another tax group within the firm, but I am sure my current group would like to keep me as long as they can. Let’s say if I get an offer from another firm for the position that I desire, how should I bring this up to my RL/partner/group? Has anyone done this before?

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Have salaries in advertising really changed over the years/decades? I remember in 1993 at Lowe NYC when the salary list was left on the printer... the CDs were making about $200k on average. That’s 27 years ago.

likehelpful

Interview tomorrow and recruiter encouraged me to have notes out to keep track of my stories (5 interviews, 1 hour each). Should I acknowledge and ask each interviewer if it's ok for me to have notes out? I feel like it'd feel weird for me to very obviously glance at my screen after a question every once in a while without acknowledging what's going on or asking permission.

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Charlotte fish - thoughts on Lowe’s as employer? Tried looking for a company bowl but don’t think there is one. Any feedback on the work culture, benefits etc?

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Accenture's o9 Solution Architect (Supply Chain Planning) Opportunity - recruiter reached out for a consultant role. I'm interested, but I'm not sure if I will be pigeon holed with this role since the job title and description are specifically tied to o9. Is anyone willing to give me more insight?

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Heard EY layoffs just started. Any truth?

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Seeing some people just roll out the bed and show up on zoom meetings. I think this will come in handy to remind them to shower and change, ‘hopefully’? 🤦🏻‍♀️😂

Post Photo
likefunnyhelpful

Moms, both husband and I are nearing the end of our parental leave. We live in a two bedroom in NYC. We are thinking of hiring a nanny. The plan is that I would work from one room and husband would work from another room. We can move the changing table and pack n play in the living room, and the nanny and the baby can hang in the living room. Does this sound like a good plan?

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Hi McKinsey 🐟 Compared to the Associate role, is the Associate Implementation more role change management implementation or tech / tools coding focused, or neither? Is there a difference in comp?

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Top consulting firms hiring right now?

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I know my client needs an Accounting Manager. I know this because they’re startup med device company that has their books in complete shambles. The current accounting team isn’t very strong. How do I let the client know that I would be interested in joining them? They’re not actively recruiting for any position but I know they’d benefit from it. Serious responses only :)

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Mck 🐠: Looks like McK hires laterals into AP roles. What are the downsides to being a lateral associate partner? Is progression slower?How about compensation? Typically what years of exp do APs have?

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Secretly find COVID19 to be a good lesson for someone just starting their career- taught me to save up for a rainy day, cherish everything in life and stop taking “normal” things for granted 🙏

likesmarthelpful

Hey any suggested way of how i should split my investment post 401k max out n IRA? Say i have 50k in saving then around 15k in HYSA, 20k in S&P500 and 15k in stocks? Something on these lines as in what is suggested

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Which Big 4 has handled Layoff, Bonus, Hikes etc during Pandemic ( From March of this year till date). Also which Big 4 would be good Firm to join in future ? I am from Tech Consulting services , please vote. 1. Pwc 2. EY 3. KPMG 4. Deloitte

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Do any of the MBBs consult for FAANG or top tech companies? Or do all those companies exclusively use in house strategy teams? If any MBB does, a referral would be much appreciated

likehelpful

Best consulting firms in Houston for Healthcare?

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Hi all. Does anyone has any feedback what it's like to work at Fingerpaint? Wondering on culture, benefits, time off, atmosphere. Thank you in advance

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Deloitte experienced hire Consultant (commercial) offer, $110k base. How did I do? What does SC salary usually look like upon promo?

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