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Hello guys, I have below offers:
T-system : 27 LPA fixed ( 2 days a week WFO mandatory from DOJ)
Tech Mahindra : 26 LPA ( including 10% variable ) + 1lakh JB ( WFH for now)
Which one is good for better opportunity and WLB.
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T-Systems ICT India Pvt. Ltd. Tech Mahindra
Hello fishes,
So what is your experience in increasing ECTC while getting subsequent job offers? How much increase shall we ask on top of previous offer? E.g. Current max I have is 25lpa, how much can I ask HR from next company? Infosys Accenture Deloitte KPMG Hashedin by deloitte Nagarro Tata Consultancy HCL Technologies Wipro
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If your state allows state deductions, you start and end your search there. 0.29 isn’t beautiful but isn’t bad when you add the tax benefits. I use Utah from CA btw
F
I’ve worked in Wealth Management for over a decade and regularly help clients plan for/save for college. 529 plans are the best vehicle for a number of reasons. If you live in a State that offers a tax deduction for contributions then you should only really consider that State’s plan because it’s the only way that you’ll be able to deduct the contributions. It’s possible there’s a State that will allow you to deduct contributions to other State’s plans but I’m not aware of any.
People will often argue against 529s by saying you’ll have to pay the taxes plus a penalty if your child doesn’t go to college, but that’s a terrible argument. Even if they don’t go to college you get 18 years of tax deferred growth, which more than outweighs the risk of them not needing the funds. You also don’t need to withdraw the funds if they don’t use them. You can change the beneficiary to another of your children, or save it for their children. You can also use 529 funds for more than just college, you can use it towards trade school, culinary school, etc. They’re also discussing (I’m not positive if it’s officially been passed yet) allowing unused 529 funds to be rolled over into an IRA.
As far as fees, 0.29% really isn’t bad. Most investment vehicles have higher fees, particularly when professional management is involved. It’s a negligible fee that will be more than made up for by the tax benefit. If you were to invest the funds in a mutual fund outside of a 529 you’d likely be paying a similar fee, and depending on the fund it may be significantly higher.
We opened a 529 for my kids. We're in MO. And you can change beneficiaries. It works for us. And you can open one for yourself too if you want additional education.
I'm not trying to sell anything. Just simply giving out information and advice. That's it.
Rising Star
The Nevada plan is sponsored by vanguard
Rising Star
I like vanguard. I didn’t realize Colorado was the same.
I just have the funds on an s&p fund that is low.
I actually don't recommend getting a 529 plan. The fees are high and it's on the market so you can lose money. Also, what if your child decides not to go to college? Then you would have to pay taxes on that money. There are better options out there for college funds/saving funds for children that are tax free, you never lost money because it's not on the market, and get a good rate of return so your money grows. Let me know if you'd like to get more information about these other options!
After the 529 has been open for 15 years and I believe you can only role up to the max contribution to very year so will take 5 years or so. Now saying that I’d def take my parents giving me $30k into a Roth
You want to be in the states plan where your kid is going to go to college to get the state tax waiver when they use the funds.
Rising Star
Not every state requires you to use their plan.
All I’m saying is with the John Hancock one, you can ship the kid clear to Alaska in 18 years and only pay in-state tuition rates
Have you looked into getting a custodial mutual fund account? 529 is limited to college and the mutual fund isn't. The fee may be high depending on the fund but you will definitely make it back over the life of the account
I wouldn’t worry too much about a 0.29 fee. Seems pretty reasonable. I have two plans—one in Nebraska and one in my home state. I’d suggest keeping it simple and sticking with Colorado as long as you have access to passive investment options.