Principal Discussions
Benefits

Hey Folks! I spent the last year and used my bonus to pay off all my credit cards and started an emergency fund. I’m currently about half way to having 6 months of net pay saved. Right now I have the fund evenly split between a “high-yield” (.5%) MM account and a TD brokerage account invested in a in a index fund. My question is would it make more sense to put that brokerage money into a Roth IRA since I could take that principal out in a emergency. Also already maxing out my 401k. Thanks!

Hi friends, I’ve been trying to figure out how to best help my parents in their mid 50s to help save for retirement. They’re immigrants, didn’t understand the value of 401k until recently and couldn’t afford early on (they have 401k now but not a whole lot). They have about 50K extra put aside, I’m trying to figure out if they should add to their mortgage or invest (they are pretty scared of investing) I was thinking some for house payment to bring down principal and rest in Roth, thoughts?

If you live with parents, would you max our Roth 401k ($19.5k) and after-tax retirement account ($15k) instead of investing through an individual brokerage? The after-tax $15k can be rolled into the Roth 401k right? Thinking of doing this since I can pull principal out of my Roth 401k after 5 years. Am I missing something here? Any better options?

Between two offers, "Associate Principal" for m&a consulting in the Healthcare industry vs a Director at a F300 company doing M&A and Partnerships. Consulting pays about 50k more. What does the future look like in consulting? I am a bit nervous jumping from from "industry side" to the "consulting side".

Slalom moms, could you share any details on Slalom’s paid parental leave / maternity leave policy? How is your work-life balance? Would love to especially hear from people at the Principal level.

Hello. Who has Principal as their 401k administrator? What funds did you all pick?

Not into target date funds and want to be aggressive even in my 40s. TIA!

About to get a principal at BCG that I know personally refer me to several roles. I’ve been in healthcare consulting for 7 years between Optum and Deloitte and would like to either do either healthcare strategy or continue my data analytics career. Any advice on which offices I should be targeting given the hiring craze and my interests?

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?

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 🙏

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

Hi Recruiters, could you share thoughts on ballpark or range of base/bonus comp for Principal-level benefits consultant at AON/Lockton/Mercer/WTW? 8 years in industry, mid-market clients, based out of DC metro region.

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.

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 ?

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?

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).

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

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

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!

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?

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!

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!

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!

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).

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

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?

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.

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?

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

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)

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.

Anyone here working for Zs in healthcare provider space. What kind role is principal compared to other major consulting firms..

One of my subs while I was on maternity leave “snitched” to the principal that I didn’t leave appropriate lesson plans and then changed everything in my classroom. Should I follow up with this?

Curious, what is the Principal yr 1,2 and 3 comp at BCG for this year. Glassdoor data is a bit outdated. Looking for Base, Bonus as a % of base and other types of compensation excluding benefits. TIA

Infosys Principal consultant salary and benefits, Atlanta hire?

Are the salaries/benefits different between a partner and principal?