Do you consider college savings funds as part of your net worth? I can see why you would but then your net worth would decrease pretty quickly once your kid(s) go to college.

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

I never have counted the 529 plan on our net worth. It was never meant for us. If there is anything left afterwards, it will be a bonus.

like

I mean... what do you need to calculate your net worth for in the first place? If it’s just to stroke your ego, might as well count everything

like

Call me bob the builder

I do count it.

It’s a cash account that’s just ear marked for a future expense. I can still use it for whatever I want, there are just some rules to accessing it and tax free distributions.

like

Not sure I understand the logic of not including it. It is your money and part of your net worth. Do you include the money in your emergency account? You might use it for an emergency

like

One way or another I’m going to help my kids pay for college. I doubt it’s all going to come out of a 529 so I don’t think there’s any reasong To exclude it

like

Related Posts

What states have a big law market where I can get the most out of my dollar? Also currently work for CA firm, if I move to another state does the state tax rate switch to where I live?

like

Mother’s Day gift ideas?

like

How much should i save from my salry for securing post retirement life and all general commitments before that. I'm 30 now. Assume no Inheritance. Current in hand 1.85 lpm

like

Heading to Buenos Aires and Montevideo tomorrow. Will be in each city for 1 week. Are credit cards widely accepted or do I need to exchange cash before I go. Thanks!

like

Restarting my keto journey!! Lost about 5kg the first time I did it last year, then got lazy and fat and now want to lose 10kg!

like

Should I do the IPG employee stock plan? Anyone else do this? Don’t even know if it’s a good stock or not

like

2019 Hot Take #1: Mutual fund outflows will continue and accelerate if the market pulls back.

likeuplifting

Hello folks,

How does everyone save tax
I'm aware about 80C, nps and home loan interest.

Anything else?

like

Anyone buying calls today ahead of JPow likely printing more money again tmrw at 9 EST?

like

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

Who else here worked full time to put them self through school and is currently shackled to student loans?? 👋🏽

like

Anyone ever negotiated parental leave before? I have an offer on the table. Gave me what I asked for $ wise and PTO. But mat leave is not great. Not trying to have a baby now, but in the next 5 yrs.

like

Are there any trusted resources for information on cryptocurrency investing?

(I've written enough long-form marketing disguised as a news to know when it's happening to me.)

like

Specific question for fish based in the UK.
Could you let me know what your employer contributions to your company pension scheme are?
For instance, they contribute half of your contribution up to a maximum of 3%. Before any tax incentives etc.
Interested to see the variances, it seems to be substantial from what I've seen. If it changes with level/seniority, please make that clear as well so we can differentiate between companywide averages and individual circumstances / positioning.

like

Those who moved nyc to nj- assm min change in rent, how much did you save on an avg cause of taxes etc.?

like

Thoughts on investing long term in BA at current price?

like

Hi fishes, need urgent advice. How is the HDFC Index Sensex Plan? I have invested 75K but it's in loss as all others. Should I continue to average it out or stop investing in it? The loss is higher in this compared to other funds.

likehelpful

Was offered 90k for a CD position in Brussels. Is this a good offer? I mean, I wanna do it because I want to live in Brussels but I know taxes are brutal there. Almost 50% of my income is going away

like

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

I haven’t had much luck on fiverr with my gigs. Really eager to start a side gig and have a second source of income. Any suggestions or insight would be great!

like

More Posts

Dang, sorry I meant to comment on the post!

like

I’m looking for a creative lesson to match this standard. Any suggestions ?

Post Photo

Got an opportunity at a boutique firm. I’m a 2nd year in big law and never moved before. What are the pros and cons of leaving Big Law to go boutique? What should I be aware of before saying yes?

like

I’m a manager in PwC’s human capital practice. I’m getting recruiting messages from the other Big 4, as I imagine most of us are. I’m interested in hearing about human capital consultants who went from PwC to one of the other firms, as well as people who came from one of the other firms to PwC. Happily ever afters as welcome as horror stories here. Thanks!

like

After 15 years in the industry, I can really say that these last few years have been the most challenging in terms of navigating all the sensitivity and political correctness.

like

Hello Everyone

I have 16+ YOE in B2B Sales and Fintech, SME, Loans, Corporate Sales based out of Bangalore. Currently working for Fintech company as Regional Business Head from last 4 and half years and I am looking for change.
Request everyone refer job openings.

like

What is the salary hike in Virtusa ?

like

Was anyone else expecting the Tide 'later' guy to show-up in the P&G ad? Missed opportunity? Or too expected?

like

Today I won a raffle for an Omega SMP 300. To show my appreciation to the watch gods, I am letting my current diver, the legendary SKX009 go for the same price as my raffle ticket ($38, shipping included). If anyone is looking for this hugely popular piece (ideally a new collector), hit me up! Currently sized to a 6.75” wrist but comes with all links. All hail the watch gods!

Post Photo
likeuplifting

Hi, I got verbel message about selected for citi but I still not received any mail, So it will delay because of Axis going to took over.

like

Wife is 35 weeks pregnant and recently tested positive for Covid. Symptoms are mild to moderate. Doctor’s say no impact to baby if symptoms continue to remain under control. We are vaxed and boosted so not as worried about our recovery. More worried about the baby at this point. Anyone with similar experiences to share? TIA

like

Has anyone had experience working with their AD to help procure watches from brands the dealer doesn't carry?

like

Why are the Roman numerals so thick and blobby on the newer Rolex Datejusts?

like

Hi everybody.
Right now I’m working as a junior product engineer in Amsterdam. From januari on I’ll be a medior product engineer. And now I’m in the middle of negotiating about my salary increase. The salary that I’m being offered feels low (41.5k).
Is there an other product engineer that could tell me if my gut feeling is right or not? Thanks in advance!

Sys admin (security) role in Zoho- chennai (hometown) with 6.5lpa
Or Information security executive role in Asian paints (9lpa)- Mumbai.
Which one should I choose. Please suggest your opinions.

like

Looking for remote entry level business analyst positions! If you or anyone you know is hiring, please let me know.

Hello! I’m looking for study materials for the PHR. Does anyone have recommendations for cost effective resources or perhaps willing to part with your study materials?

like

What level and service line were you at the big 4, and what percent salary increase did you get once you left? I’m a S1>S2, and the offers I’m seeing are around 10%-15% higher, which feels a little low. But maybe I’m being unrealistic.

like

Tata Consultancy Tech Mahindra Currently i am working with Tata consultancy and serving last month of notice period, about to join Tech Mahindra next month as a Project Manager (P1)

I don't know why i am getting 2nd thought and doubt to leave TCS and join TechM.
Can anyone please help and clarify my doubts. Is it a good decision to leave TCS and Join TechM at this moment.

Job security is main concern 😟

Year of Experience - 14
Currentl Salary- 28 lacs
Future Salary- 40 lacs

Anyone have had any luck buying a diamond (for an engagement ring) directly from a wholesaler in NYC? If so, which one did you go to and what was that process like?

Additional Posts in Personal Investment Chatter

Noob investor here. I messed up and need some advice. Invested in Alibaba (BABA) around $245 average cost because I believed in the business but now I’m significantly down…what should I do? I have half investment in my individual brokerage and half in my Roth IRA (I know, pretty stupid of me). Am I screwed long term?

likesmart

The store brand = name brand a lot of times at the grocery store. Always buy the cheapest.

likesmarthelpful

Does anyone else think that IBKR’s customer service is kinda shitty compared to other brokerages?

like

Are there any trusted resources for information on cryptocurrency investing?

(I've written enough long-form marketing disguised as a news to know when it's happening to me.)

like

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

If I’m just beginning to invest outside of my retirement accounts, should I invest in a Vanguard ETF (VOO)?

like

Had my sapphire preferred for 4 years. Can I downgrade to a freedom today and re-apply for a sapphire after a couple weeks to get a new bonus?

like

What were people's 401k /pension balances at 30?

Feeling behind at $40k but making big headway now saving 10% and pwc wealth builder at 6, (26k a year on 160k)

like

What’s going on with the stock market today?

like

Owning real estate is overrated, I’d rather rent all my life. Change my mind.

likefunnyhelpful

what upgrades are worth buying on townhouse or SF home. planning to live there for 4-5 yrs and later move into bigger house. will rent or sale this property at that time. house is in MD.

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Would you invest in individual stocks if you're invested in a fund that includes those stocks as well? Why or why not?

like

Are there any tax benefits from working from home?

like

I need some expert advice. I have 40k in 401k and 40k cash in savings account. I moved all 401k to a very low return safe portfolio in July and basically I haven't done anything with the cash as well.

Starting to feel like I am missing out on returns and now is the time to put everything back into the market. Does anyone know reliable financial advisors that will do it for me and also account for the independence related restrictions.

Other suggestions/tools appreciated as well.

like

Got a loan rate for 3.375% for an appt. This seems a little to high. Thoughts?

like

Did anyone get a jumbo loan with less than 20% down?

like

Earnings for next week.

Post Photo
likehelpful

Target Date Fund or Index Fund investing for 23 y/o analyst? Which should I prioritize?

likehelpful

When investing in a Vanguard Roth IRA, can you only invest into the Fed Money Market Fund (VMFXX) which is default? Or can you select other funds such as S&P (VOO)?

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