Does 401k count as savings?

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

Is this a real question?

likefunny

It’s your savings, but not an emergency fund. Or a new car fund. Or a home down payment fund. Or a start a new business fund.

like

401k is a retirement plan - not as liquid as savings

like

I mean I view them similar - in the concept of "saving"

like

401k can be liquid in a hot minute as long as you’re okay with taking a tax hit. It’s always money you can access, but the penalties for doing it before retirement age suck

like

Roth 401k is also more liquid since it’s already post tax (not saying withdrawals are good)

like

It's a retirement savings account 🤣🤣🤣

like

I view them as different. 401K and IRA are retirement funds I do not touch. They get maxed out. On top of that, my “savings” is also a specific amount I put aside every month (don’t really have savings account, but rather a brokerage account for investing which I call “savings”)

Hope this helps.

like

I guess it depends on if you’re investing individual stocks or something more stable. I keep 20k in hysa. I don’t add to it or touch it. The rest goes into investing.

like

It counts as retirement

Illiquid savings

Heck yes it does

Related Posts

Healthcare corporations… please note you have more then 1 shift of workers. You have 3 most times, each shift has to be treated equally. This is and always have been an issue, and you cannot figure out why the other shifts refuse to be active and participate in anything and definitely not engaged anymore.

Post Photo
like

Anyone have advice for advancing in your current role? My co-worker was hired in at manager level but somehow “proved” he was actually doing director level work and got a title promotion and salary increase in less than a year. I also went above and beyond my job as well (covering for him for a month while he was away on paternity leave) while taking on other projects outside of my job title and got zip—no raise or recognition. Any advice would be appreciated!

like

Don’t mix Investment and Insurance.
Buy term insurance in your early age.
Invest mix mode equity and debt .
Ping me for invest and insurance help.
Also get discount price for insurance

like

Hey, I’m thinking of getting a Mazda CX-5 2022. Is it a good car? Is it worth the price? Any problems I’ll run into in the future? Please talk about it! This is my first car and I’m super anxious and need to make a deposit soon! Thanks. Is it expensive to maintain?

like

Hi,

Does Nagarro provides internet reimbursement?

like

Ex healthcare workers in Tech/Sales Engineering/ Healthcare consulting;
I have my masters in nursing/FNP (1 yr) making <K70 (Indiana) due to low patient census in my role. No desire for a different FNP job nor to return to bedside nursing (RN 5 yrs). I have heard of some individuals with remote positions making >K100 with little to no experience in tech or consulting after doing a boot camp or cert?
If you pivoted; What’s your current role/ Income & what did you do to complete the transition?

like

Hi fishes, could any one help me on how to withdraw of money and how much can be withdrawn ?

like

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

like

What's up with risk declaration?

I'm working as an Assoc Consultant at KGS Advisory (tech). Are employees allowed to invest in all mutual funds (except those on REL)?
What are the restrictions for people who are not auditing?

like

Do you have a financial advisor? If so, what firm did you use?

Can any healthcare bankers with experience in dealing with Canadian Healthcare system shed some light on why the system is inefficient and why it takes so long to see a specialist?

like

I have been recently selected in Virtusa and in the compensation there are components like Internet reimbursement, LTA, food reimbursement.
Could anybody please help me to understand will these components be paid out to me monthly or will be only provided if i submit the proofs for the particulars.
Also is the food reimbursement offered in the form of monthly Sodexo coupons?

Will the house market crash? Or at least go down by 20%? Thoughts ?

like

Does EY provide tuition reimbursement / MBA sponsorship? I know Deloitte has GSAP, but I wasn’t sure if EY has something similar. If so, what are the requirements?

like

Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .

Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.

Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

Getting about $2200 back from Federal and $1300 back from NY State. Claimed 2 for both last year and having 2nd kid this year. Should I bump to 3 or keep as is?

How is leaseholds taxed in Texas for personal property?

like

I recently got an offer from Infosys. Just want to check if my cap my pf to 1800 + 1800 ? To the most minimum one

like

Can anyone here explain the taxes on RSUs. A yearly xxxxx usd on being converted to some amount after selling is fetching a lot less. Feel almost a loooot is getting cut in taxes way more than 30%

like

More Posts

Who is the main contact for Ogilvy recruiting?

likehelpfulfunny

Can anyone help with total comp for Principal Engagement Manager at AWS? Base, bonus, RSU, and signing bonus? What level is this role?

like

Hey fishes, Got an offer from Schneider Electric. Can someone please help me with below queries: How is work life balance at Schneider Electric ?
What all locations have their offices? And is it really possible to get internal relocation?

like

How are the client interviews after joining. Can we choose the tech stack or does the hiring manager assign the project. How is the work culture.For senior software engineer A3 and dotnet position. Are team members supportive.Need to decide if should try anywhere else too..Appreciate if anyone could respond

like

Anyone currently work at Siemens PTI? Considering a jump so was curious if anyone had any insights on Work Life Balance, type of work, etc.

like
like

NYC folks - Reminder: Happy Hour tonight @ Brother Jimmy's! We'll be there ~7pm. Ask for the Fishbowl happy hour at the door, or look for the balloon! Or use bowl code bxbft to find us!

like

Dad’s thinking of starting a PC Richard & Son franchise. Bad idea?

like

I have experience of 2 years as a Ui Ux designer. I’m looking for a change but I don’t have a portfolio. How can I bag a job?

like

DM me for referrals!

likefunny

Will I get the yearly bonus if i join in october ?

Hello folks,
I have applied for the position of Assistant Manager - Legal at TATA SIA Airlines Limited. Can anyone get me referral for this opportunity?

like

Scrum Master with 3 YOE, 1yr in agile. Technical background. Secret clearance and working in Federal. Two in demand certs (SAFe SSM & SGP). Currently making 103.5k in DC. Realistically what is the highest I can negotiate for at competing firms?

like

New to NY. Need some recommendations please!

Guys, seeing a trend of rolling out offer letter only few days before our last working day.
Any idea why this is being done?

Is it worth applying for a position with a firm you are directly adverse to on a matter or will conflicts definitely keep you from joining?

like

Additional Posts in Consulting

Which consulting firm has the best 401k match?

like

Can one of the two weeks notice consists of PTOs?

like

Can I get some advice? :) Has anyone ever done a short term consulting project for an int’l org (think UN/IMF/WFP) whilst working a full time non-consulting job? Can you share your experiences?

like

Whats your view on DU ( Deloitte university).

like

C3 already. Crazy/too late to consider going back to school and becoming a psychologist ? I would have to take a bunch of prerequisite courses, apply to a Masters in psych, and do clinical hours.

like

Some of you may have heard about the uproar 🇸🇪 is facing. Thoughts? Experiences?

Post Photo
likefunny

Planning to do a PRM or FRM qual. How useful is it to move from Big 4 Risk and reg consulting to industry? Finding it hard to get anything other than non-PM roles

like

@EY FSO folks: Going through an interview process, had all three interviews done (SM, ED, P), how soon should I expect to hear back from the HR/Talent team? Been more than a week since last interview

like

What sort of reputation does CGI Consulting have? Clients and worklife?

like

Thoughts on EW MBA from Booth/Kellogg/Haas. Currently SC at Deloitte and want to transition to tier 1 consulting firms

like

How are you folks currently reaching out to clients and following up? How are you finding ways to add value in these times? I need some ideas to be more creative with sales, thanks!

like

Is there a hard limit on how frequent you can apply in a year at FAANG? (For instance: Amazon, Google)

Also, how many positions are we allowed to apply?
There are just many positions at different teams right.

like
funny

How to get into private equity from consulting? They do not seem to have many open positions.

like

Job hopping (every 2 yrs) that shows consistent progression in responsibilities.....Do you see it as A) this employee shows no loyalty or B) those companies fail to retain talent.

like

So how does this kitchen thing work to make food? Is there a switch I need to turn on?

funnylikehelpful

Which Canadian B school MBB or other top consulting firms regularly recruit from?

like

Anyone else have a birthday today?

like

Stressed about career growth and pay. I have wasted a few years at Slalom hoping things would get better but they have not. Now I’m a few years into my career with lower pay than the market and

like

For mckinsey experienced hires, how long does it take to hear back from the recruiter regarding the evaluative phone case (pre round 1 interview)?

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