{ "media_type": "text", "post_content": "Buy or rent? I make about 64k in LA and do a 20 percent 401k contribution so take home is around $1.2k per paycheck. The max I could do for down payment is $50k. Currently have $10k car loan. Looking a 2B condo or apartment to rent/Airbnb out other bedroom. Is it worth it? Renting seems like burning cash to me. Anyone have experience buying recently in LA area? Process is kind of overwhelming 😞", "post_id": "60fa23b3b8d4ae00229334c7", "reply_count": 7, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Buy or rent? I make about 64k in LA and do a 20 percent 401k contribution so take home is around $1.2k per paycheck. The max I could do for down payment is $50k. Currently have $10k car loan. Looking a 2B condo or apartment to rent/Airbnb out other bedroom. Is it worth it? Renting seems like burning cash to me. Anyone have experience buying recently in LA area? Process is kind of overwhelming 😞

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

Frankly - You don’t make enough money to buy in LA.

likesmarthelpful

Time to get a new job

like

64k in LA for EY seems low. What Service Line/Practice are you in OP?

Are you a 1st year associate?

Related Posts

PWC what’s the range for Manager ? In general and in healthcare?

like

Anyone from ZS willing to refer a friend for their healthcare practice in the NJ office?

like

What happens if i485 is denied? Do I lose all benefits of i140 such as visa extensions and priority date?

like

Has anyone ever took a loan out against their 401K (asking for a friend seriously)

like

Seeking portfolio advice. 23 years old- 95k comp, 20k currently in market through the most basic Schwab index funds and Vanguard ETF’s, already max out 401k & IRA. My returns over the past year have been meager. I want to take on more risk and pick more concentrated investments. Whatever I go with, I want to hold them for the long run with no intention to sell. Any advice?

like

Leaving deloitte soon, how soon after I leave am I able to cash out my pension?

like

I've been putting my 401k into a target date fund, but the risk/upside just isn't high enough given I'm not retiring for another 30 years. Thoughts on putting it all in a large-cap growth fund (VIGIX)? Returns have been solid over last 10 years. Investing through work, so don't have all funds available to me.

like

Hi! I have a few questions on the backdoor Roth in which I’ve done a bit of research online. When it comes tax time, will my 401k vendor (Merrill) give me the correct documents? I’ve just used turbo tax in the past but am worried of any documents I may be missing to adjust any tax. Also- when does the pro-rata rule come into play? I’m just nervous in the entire process as this is my first year doing this. TIA!!

like

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!

likesmarthelpful

Maybe off-topic, but I’ve got a question related to taxes and withholding. 2020 was the first year that both me and my wife made full salaries in our high-paying jobs (she’s a pharmacist, I’m in consulting). We don’t do anything out of the ordinary to reduce our taxes, we just put ~ 6% each towards our 401k’s. No house or kids so our other deductions are limited. Just started doing taxes and got a shock that we owe big. Any others in this situation? Do you just withhold a ton extra on W4?

like

Best consulting firms in Houston for Healthcare?

like

I’m looking for assistance on building your own portfolio in my traditional 401K. I’ve been reading that it’s important to choose funds with low expense ratios. Also, that it is recommended to have at least one US stock, international stock , and bond. I am 24yo so ideally, I’d want to allocate 90%-100% to stocks and 0%-10% to the bond. Any other things I should be looking at?

like

My Mom is traveling first time with me to India and I want her to feel the luxury and all benefits of United Airlines. If anyone has Global do you mind upgrading Mom's seat? Would be really appreciated :-)

like

How do I get in the pharmaceutical industry? I have 3YOE in a healthcare consulting firm and MHA. Have experience with mostly federal gov. Work in a small healthcare consulting firm in dc.

like

How much is per hour rate of big data architect in DC/ NJ area. Have 14 YOE and want to move from consulting into contracting. Other than employment taxes and health insurance what are other expense

like

What do you recommend investing your money in if you don’t think you’ll live very long in retirement? Most my family hasn’t made it past 70 due to cancer etc., so I’m concerned the money I’m putting in 401k will never be able to be used by me… thank you.

like

Can anyone recommend how to get into mining with current shortages of graphic cards? Want to set up something for my parents as thy are getting older and I am afraid Gov benefits will be erased...

like

Considering a move to KPMG for their pension plan. Can anyone give me details for their plan? Also any other advice regarding KPMG.

like

Best benefits of Deloitte ? Thinking about switching from EY for a more interesting group

like

Additional Posts

Hey guys, just moved to New York for postgrad What’s a good entry level salary for associate producer? Is 45 a reasonable ask?

like
like

I’m waiting on my offer letter from Deloitte and coming in as a senior. I was just wondering what some of the perks are (pto, etc).

like

Hi fishes :) Need some suggestions from the PWC peeps. My directorial round with PWC is scheduled for tomorrow. Any suggestions please? What are the probable questions will be? I've asked for 12LPA but they said the budget is 9LPA..I've 6.5yrs of experience as a BA & scrum master (ctc : 6.55 LPA) What do you all suggest? Shall I consider pwc as It's a part of BIG 4 and other facilities and brand-value or capegemini/Cerner india (the pay scale will be higher most probably) Thanks in advance.

like

How much will post-mba compensation be in corporate strategy non-manager role?

like

Hey Mates I'm working in pretty good fintech firm. I'm in my 30s with 2 kids and they are calling everyone to office by January I want remote job and would never want to live in any city again. Wondering which route to opt? 1. Start investing in open source and build a profile, find freelance jobs on upwork/Fiverr Or 2. Start giving interviews in remote jobs. FYI I'm terrible at interviews and spoken communications. Please provide your inputs. I want to work remote with good pay.

like

Its bonus season and thinking of splurging on a vintage rolex submariner...any other thoughts on a comparable watch to consider?

like

Male 🐟: How have you been approaching dress code for virtual interviews? Polo okay or are you wearing a dress shirt?

like

Does anyone know the starting salary for the Consulting Development Analyst position ?

like

I put out a vacation notice 2 weeks ago for a week in december. Since then Ive gotten staffed in new deals thats been very busy. Can I still take my vacation? Im so burnt out..

like

Have any of your agencies taken steps towards acknowledging and addressing mental health issues in your office? Care to share, good or bad? Hoping to get ideas to take back to our leadership. Thanks!!

like

McKinsey-my friend interning (Chi office) is having a really good time. Requested local project, has really good hours 9-6, and is basically breezing through it. Is this the norm? (I don't work there)

like

I have completed my technical interview and HR discussion package everything finalized yesterday with Accenture today when I check the portal it's showing due to their is no immediate Business demand, on - hold Kind of status I could see. What it means then? I have left with only 3 weeks left in my notice period

like

Hey fishes, DM me for referral at EY

Post Photo
like

In other news: Deloitte is full of trolls that are trying to convince you you're about to be laid off.

like

Seeking advice on how to choose between a mid tier technical accounting advisory offer and Big 4 audit. Worked in audit at a local firm and wanted a bigger platform. Would love to switch to advisory to be more well rounded. Mid tier advisory offers higher salary but also thinking big 4 has a better platform and maybe better exit opportunities in the long run? Insights please.

like

PWC what’s the range for Manager ? In general and in healthcare?

like

Anyone from ZS willing to refer a friend for their healthcare practice in the NJ office?

like

What platform or system does your company use for workforce planning?

like

Anyone given the Googlyness and Leadership interview? What kind of questions are asked?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

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

For account settings, visit Fishbowl on Desktop Browser or

General

Legal