Do you believe that the cap on Roth IRAs should be increased?

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Income cap or contribution cap?

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This is the real question, but my answer is no in both circumstances:

You can get around income cap with backdoor.

Contribution cap is ~$50k/year with megabackdoor roth.

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Not really. The wealthy are already most able to take advantage of retirement tax protection; IRA, 401k, Roth, etc.

As long as they don’t pass a wealth tax, buying a total stock market index and holding it is pretty tax efficient. Eventually you can stop reinvesting the dividends and use it (partially) to fund your retirement.

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60% of our retirement funding is in after-tax index funds.

Yea, 5B

Why?

Two words: Mega Backdoor

I personally would like to be able to contribute more.

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INVESTING DISCUSSION 💹💸

1. Hi fishes, which funds are you investing in right now and how much every month?
2. Is anyone investing in liquid funds?
3. Also, so you all consult fund/wealth managers on how to manage your money or make decisions by yourself?

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Hi Frndz..

Monthly take home with new tax regime plz...

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Hi all! We bootstrapped through development and market product fit, and it’s time to bring on investors. We have meetings with great VCs lined up - do you have any recommendations or examples of great pitch decks? Thank you!! And wish us luck 🤞

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Made a profit of $100k. Got the cash a few days ago and haven't spent a dime on celebrating. I have become serious about the FIRE.

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Anyone else curious about how someone can offer to buy a company, then put it on hold awaiting some information, then say they will pick it up cheaper once that information is provided, or not, and not be under SEC scrutiny for stock manipulation? I guess if you weren't a billionaire and able to swing the stock price by social media, that would be one thing, but since that is not the case. It'd be nice to have that sway!

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When you spend way more than your non-front office friends but your savings are still higher at year end

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I’m looking to buy my first single-fam home in Dallas. I’m 25, good credit score (800 score). What is there to know? Anything you wish you knew when you first purchased your home? (kinda an open ended question because I dont know what I dont know yet).

Just talked to a realtor yesterday and starting to view listings. For pricing around $300K, I feel like I need to move to Plano or Lewisville 😕. Found some cute homes for that price near Dallas center but they are more in sketchy neighborhoods.

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Anyone recently bought a home in FHA loan? Can you share the rate? Looking to buy multi family unit with FHA loan.

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Kpi reply krta b h is group me
Techm need NPS account from kotak only
How to open a new one.

I’m trying to save for my first home purchase and still contributing in my other retirement investments. It’s taking a while. Any advice on ways to increase my saving for the home purchase?

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Any way to pay yourself with a check funded through a credit card to game points?

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Question for my fellow fish, thinking about buying a new home and putting 10% down instead of 20%. Only because I want to have some extra money laying around for new home items I’ll need. Then after 3-4 months of PMI my plan is to call and drop the other 10% in a big payment to remove PMI. Is this something I can do? I also think if I do 10% down instead of 20% I can get a lower rate as a first time home buyer.

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EY fish - any suggestions for options within our 401k if I want to pull out of FXAIX (S&P 500 Index) and cool my heels for a while? I like the idea of bonds or gold equivalent (or cash I guess) but not sure which option is best. Perhaps VIPIX?

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Desi peeps - I have always sent money to India using remitly, Xoom, etc. Now I w ant send money to my US account from India ? How do I do it ?

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How much percentage do you guys spend on renting? After or before tax?

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Desi junta do you declare your Indian FD interest income in US for tax purposes

I am graduating from University and I have no tuition debt with savings of 18k. I am moving to a HCOL area where 1bed starts at 2.5k. My TC will be 80k. What is a reasonable amount to spend on rent?

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What should you look for as a realtor?

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At what age and salary did you start maxing out your 401k?

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Hi I am working in Amdocs and am looking for a career switch in Salesforce.

Could anyone suggest if Salesforce Business analyst has more job opportunities or Salesforce Developer.

Oh how I long for a remote position...

The owners of the agency decided it was a fantastic idea to get the overhead lights replaced while we work below them. One guy has music on his phone playing. Happy Monday everyone! 🥴

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Hi team. Happy to provide any referrals to McK if there is interest. I was later off at Deloitte 4 years ago and moved over. DM me :)

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what kind of induction sessions leads to more questions than answers? The LTI one.

Leader didnt show up
HRs were concerned more about next meeting than Induction.

Honestly no positive vibes.

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Make those trades that are losers today! Got out and deployed some more capital to ddog and jpm

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Anyone worried about layoffs?

I have received an offer from EY GDS finally, but in offer letter it's mentioned as EY GBS, is it something i need to worry and clarify with HR?

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Can we take or avail leaves in Notice Period in FIS Global while we are leaving in probation period???

Kindly share your inputs.

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How much do tax senior managers make in LA?

Anybody willing to share their salary, bonus, and firm?

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My manager asked me today which area in cyber do I want to focus my career in moving forward, and I honestly had no answer. Being 23, and only having background in python and data analytics I haven’t really thought about which area in cyber would peak my interest/would be a right fit. Guessing it would be a lot of trail and error on my part. But I wanted to see if you guys can provide some guidance into any specific areas that is interesting/good for beginners (Excluding Pentesting). Thanks!

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How do Bernie supporters support Biden after this?

likefunnyhelpful

Anyone else ever told that you go “too above and beyond” for your customers? For example, I deal with a lot of returns and repairs and sometimes customers don’t have their order information. I offer to help them find it with just some supplemental info. Could take anywhere from an extra 5 to 25 min of digging, depending on what info they can provide. Direct manager? Doesn’t care. Her boss however, made that comment this morning when asked about my daily productivity.

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What do you love/hate about Chicago?

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How much Package can i expect in PWC SDC for Oracle SCM Functional Consultant?
YOE - 3.6 years
Current package - 12.6 L

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Does anyone work for BetaNXT? How is the culture? Any information on Project Management roles and salary range?

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Interested. Mayfair based.

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Thank you in advance

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I know in time it’ll come but I’ve been searching for a new job for about 8 months. I don’t know how to deal with all this rejection. I’ve only had <15 interviews in that big span of time. Feeling frustrated and starting to feel not good enough to continue working in tech. Even tho I have years of administrative experience and will excel at project specialist or project management roles. 😔

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Product Manager working on HBO Max (base: 145k; total comp: 166k) got an offer for PM role at Spotify (base: 170k; total comp: 200k)

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Would anyone be willing to do a referral to @Meta, @Shopify, or @Twitter?

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RIP….especially to all of those government sites that really only work on internet explorer 😂

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If I move to London for a job, should I plan to stay there for a while? Is it likely to find other high-paying tech roles?

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