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Hi please help me out on this .
I joine pwc ac banglore last year 25th sept 2021 and i am planning to resign in next couple of weeks .i will be completing one year on 25th sept 2022. Will I get the bonus payout which will be payed in sept salary
I want to quit due to stretched working hours, insensitive behaviour or work culture plus they just gave me 5 percent hike besides being a top performer.no personal time
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How safe is personal capital to use?
I have 50k in emergency fund. Is it too much?
I haven’t yet invested my bonuses so I have enough to cover the next 12 months of living expenses in cash if I wanted to rather than put it in my brokerage.
The other option is just putting in 500 a paycheck into mega backdoor instead of maxing it as that would allow me to still use my base for rent/groceries.
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I don't think you need to max mega backdoor to get value out of it.
How certain are your bonuses? Do you have other shorter term goals where you'll need access to some of your savings earlier (eg house, wedding, car, go back to school)? Can you pull some of your IRA penalty free if you are pumping most of your salary into MBD and later need the funds?
Thanks! My bonuses are certain as they’re already in my bank account and can cover 12 mo expenses including emergencies. My options were to either invest that next week into the market via my brokerage Acc, or just leave it in checking acc and turn my mega backdoor contribution up a ton to max it out next year