Any staff here living on their own, maxing our 401k (18k) each year?

like
Posting as :
works at
You are currently posting as works at

I max 401k, traditional ira, and HSA. I can just backdoor roth ladder later so the deduction is worth way more.

like

It is possible but make sure your doing Roth and HSA before you continue to max it.

like

Roth is overrated in a political climate that appears trending for lower tax rates rate in future. Getting more money in as quick as possible makes up for the tax implications of traditional on the back end. To each their own of course.

like

Backdoor Roth is a way to avoid the income limits on Roth contributions. It doesn’t avoid taxation but I still agree with EY2 that the deduction and incremental buying power that contributing tax-free dollars allows outweighs the benefits of tax-free growth.

like

I hate you. 🤣

EY2 - Can you explain? I'm a staff 1 doing Roth for the obvious reasons of less taxes later

I would if an entire paycheck didn't go to housing

Related Posts

Hello all, I am a healthcare professional, working in learning and development team, in a firm working for US healthcare Providers. I would like to get into Compliance roles. Is there any course/certifications that i can do, so i can work in healthcare compliance.
Your experience and advise will surely help me at this moment. 😊

like

Looking to refer a friend in the Las Vegas area to an independent advisor for term insurance and basic retirement planning.

What does 401k mean?

like

How much should I expect to save in taxes when moving from Manhattan to Hoboken?

like

Dallas attorneys - where would you live if you were working downtown but your spouse worked in Fort Worth? Looking at Irving (Las Colinas) but not sure if the commute is unreasonable

like

What you prefer to tell when people ask your income?

I usually prefer in hand salary 😇
As CTC and in hand after tax deduction is too much different.😑

If i say i am earning 45 lakh people are like wow man so nice earning...

If i say i am earning 1.5 lakh per month
People are like baju wala builder bhi itna hi kma leta 😂

Par kaise btayein ise ki baju wala builder 12 lakh tax nhi bhrta par ham bhhrte hain 😥

#Tax payers ki khani unhi ke jubani

like

Guys Urgent query.I joined CTS on Nov 2.When is medi Assist activated? Having a medical emergency for my father to do bye pass surgery.Should I wait for the medi Assist or proceed to do with my own money? Estimated Cost -3 Lakhs+. Operation to be done in the next 1 week

like

I only have Reg left. I failed it once before. For those who have passed Reg what were some of things you focused on? Also if you have any study tips I would really appreciate it, tax has never come naturally to me.

like

I would like to know how much will be in hand for London onsite from tcs for an IT Analyst.

I am planning to travel with spouse and 3 year old kid. Wondering about savings as well.

Any guidance is appreciated!

like

My father took a home loan, and the same home is kept as mortgage.
I'm paying arround 22k emi for the same but unable to exempt tax as the loan is on my father's name.

I googled a lot how to transfer it but neither gift deed nor sale deed would work as the property is on mortgage that's under bank's ownership (until loan is fulfilled).
Tax is also getting deducted, I'm paying hefty emis.
What can I do?
Please advise 🙂

likefunny

Why so red? Any stocks good to buy now?

like

Cycle back into Lockdown Stocks? $PTON $ZM

like

Hey guys,

is it safe to move to healthcare organization which is established in India only 2 years ago, but in US it was established around 160+ years ago, keeping in mind on recession and job security?

Please help me on this!!!


Fractal Infosys Tata Consultancy IBM Wipro Nagarro

like

Hi

Wellbeing Program
Employees will receive a reimbursement of up to INR 10,000 for eligible expenses per calendar year.

What's this program in S&P Global?

Is Google open to remote? Interviewed within the healthcare research department, waiting to hear back from recruiter on next steps.

like

You know how when you do something bad to someone else you get bad karma w that person? Who decided who was in the wrong? What if you both think you’re right? Who gets the karmic debt?

like

Hi Fishes, I have recently joined Ericsson. What are yearly hikes and benefits I can expect? Please share your valuable feedback. Thanks in advance.@Ericsson

likesmart

How is ProcDna firm in terms of wlb and monetary benefits?

like
like

Looking for a referral at Deloitte, PwC, and BCG! In my senior year of undergrad with extensive consulting/healthcare/analytics experience.

like

More Posts

ZS London compensation and benefits?

like

Hi fishes, URGENT!!!
I've put down papers in TCS. My project management is ready to give me early release. How probable is the HR to accept my LWD prepone request?

like

What's the bench policy at IBM ? For how long one can stay in bench.? How much time it will take generally to get the project/assignment. IBM Tata Consultancy

like

Hello fishes,
Can anyone tell me what will be my in-hand salary?
Thanks in advance

Post Photo
like

Do HRs actually send you a notification if you are rejected in the hiring process or do they just ignore your profile without any rely. Let’s see which percentage is more more!

like

LTI or EY GDS
OFFERED SALARY SAME

If you practice collections in-house, what do you earn and do you receive a bonus?

I have practiced for five years and make $121k as an employee of a financial services company. As the only attorney, I oversee all statewide collections efforts, from demand letter to garnishment, with a case volume of nearly 7k new cases per year, of which the majority I end up litigating. I receive only a $1k bonus per year. Is my compensation fair? My last insurance defense gig was $75k.

like

How much does Citi offer for
Role: C12
Location: Pune
YOE: 9
Profile: Data Steward
What is the appraisal cycle and how much is the average increment in Citi?

like

Anyone do woodworking as a side hustle? I already do some woodworking. I'm looking for ideas that will sell but don't want anything too large. Feel like corn hole is over supplied now.

like

Informational/marketing post - if any HR or marketing folks are interested in a company swag store (no hassle, no inventory, ships direct to consumer) for their company let me know. Great for giving credits for personal events (eg birthdays, Anniversaries etc.).

like

That fly 🤣

likefunny

Michigan!!!!! CNN just called it.

likeupliftingfunny

Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels?

Base/bonus breakdown would also be great. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete)

like

Hi Fishes!

I'm a fresher, placed at EY as a business consulting risk analyst. I will be joining by the end of this month
Would love to hear your experiences, advice, tips and things I can do to be well prepared.

Excited to be a part of this group.
Cheers
Tx

like

We are getting the letters on 12th September (Monday). Got to know from reliable sources in HR. Just 1 day guys, let's go!!!

like

In ey gds when mail will come for uploading docs before joining? What's are the documents need to upload? EY

How we can expect market correction in bny ? When to communicate with manager for market correction?

Larsen & Toubro Infotech How is EY Global Services Project in LTI?
Larsen & Toubro Infotech

like

Hi,

I’m approaching YE compensation discussions and was curious to see what folks/the industry are paying for institutional middle-market sales/distribution/business-development roles. I have 3yrs of experience with the same firm and am currently working as a sales analyst for the institutional sales team in NA. I have experience with traditional long only solutions, real estate (primarily value add funds), and a sector specific hedge fund. Any and all feedback is welcome!

like

Additional Posts in Accounting

Highlight of my 90 day Lead cycle has been getting 12 out 12 on the assessment after skipping through the independence wbl. Gonna add that as an achievement.

like

When can you take the CISSP exam? Also, is it 150 questions in 3 hours or 250 questions in 6 hours?

like

I lose FAR credit on 11/4 and only have 1 left (failed it in the last testing window). When's the latest I can take my last exam? If I sit for it on 11/3 and pass, then I'll be a CPA?

like

Does anyone know any good value apartments in the Northeastern NJ area? Looking for something safe and close to public transportation. Willing to sacrifice “luxury."

like

Counselor told me yesterday that the firm is considering cutting me due to low utilization. Any recommendations?

like

How much does adjusted utilization vs. actual utilization matter for promotions and variable comp?

like

Quit PwC today after two years and it felt like I just got out after serving two years of prison time and finally felt freedom🙌🏽

likefunnyhelpful

Is it bad if I already find myself disliking my job 1 month in? Did anyone feel this way at first and then grow to like what they do?

like

Is it just me or is our industry full of control freaks?

likefunny

Illinois Scores are up! I finally passed REG just need to pass the ethics exam and I’m done for good 😭

likeuplifting

Utilization rate this time of year?

like

Is the CPA designation worth it? For me it would take me 1 year of PREP courses and 2 years of PEP until i can write the CFE. And I am 27 years old right now. Also wondering if it would be crazy to pursue the CPA while learning how to code to be a developer as well?

like

Im in tax. Want to jump into advisory. About to make senior (2-rated). What are my chances?

like

I'm in the market for monitors for my home office. Does anyone have any advice?

like

Assurance Professional of the Future Program for Senior 1s = Milestone event??

like

I applied for another job last night, and today I’ve had a couple managers reach out to see how I’m doing. Does PwC have some kind of big brother operation running or is this a funny coincidence?

likefunny

I don’t understand how people keep posting about the bench and being unassigned. I’m in advisory(not audit) and my entire LoS is trending 90%+ utilization

like

Best late night audit room jams to keep the team going?

FAANG is now MAMAA (Meta, Apple, Microsoft, Amazon and Alphabet)…Whoa Mama! As if there weren’t enough acronyms in our lives. Happy Friday All!!!

funnylike

Ex big4/public accountant that left for an industry role, what was the best part about it. Besides the hours

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what 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 other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal