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Has anyone moved from Accenture Federal to CGI Federal at Manager/Senior Manager level? Looking at Strategy/Organizational Change Management roles, and curious to know if you feel that compensation and benefits were worth it when measured against your actual experience once you started working with CGI. (I understand that some of it depends on the account you're on, the team you have, etc., just trying to decide if it's worth considering.) Thanks!
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I assume you live in a HCOL city. How much of that $3k is your mortgage vs other bills? You’re clearly doing something right already if you are a homeowner, so you can also look at the principle portion of the mortgage as an investment into yourself.
You can also consider a roommate, if you have a 2BR. Their rent would likely cover at least your interest, making your contribution straight to principal.
I agree with the above that you should increase your contributions to your 401k u til you max out your pre-tax limit ($19k) to reduce you me taxable income. That reduction + writing off your interest will net you some big returns on your tax refund.
Where are u living? You’re spending >50% on mortgage and bills. Why is that? I would suggest doubling clicking into that and seeing what u can cut
BAH 1 - I’m doing a combo to hedge like D1 said
Get that $400 into a retirement account instead of a taxable brokerage. And why have a traditional 401k but a Roth IRA? Seems like either pre- or post-tax would be the way to go, not a combo.
Combo is a great way to manage tax diversification. And if you're phased out of Roth IRA contributions and tIRA deductions, makes complete sense to backdoor conversion tIRA to rIRA if you're contributing to an IRA.
MCK 1 - I live in Houston. In hindsight I bought a home that was a little bit outside of my price range. Mortgage and HOA is roughly 2360 of that 3000
Lastly. The 400 going into stocks is accenture stock. Part of our benefits include a 15% discount on the stock.
Unless you have no significant savings the amount you're putting into a savings account is too high, the interest on those is generally terrible, even the high yield ones should just be for emergency funds or if you're saving up for a specific purchase like a rental property. I would take that money and use it for monthly index fund or bond ETF purchases if you're too heavy in the market.
Math isn't adding up here. Are you contributing to ORA for only half the year till you hit the limit? If so, where does that money go afterwards?
You should be maxing out your 401k.
If you have a good emergency fund savings (I recommend 6 months + particularly with your high mortgage and what sounds like a single income household), then that money would be better served even just paying off your mortgage quicker (assuming it's 3+ interest rate) or investing. Unless you're saving for a midterm goal?
C1 are you referring to my contribution to my Roth IRA? 500 a month for 12 months allows me to hit the limit of 6000 at the end of the year.
Not maxing at 401k yet due to high mortgage and other bills
I have a good sized emergency fund. The 1000 dollars left over is for pleasure/misc expenses.
My bonus went towards my wedding that is happening in a couple months. Right now I’m putting a lot in my savings because that area is low right now and I want to build it up before I start maxing 401k and investing etc.