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?

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

May I ask how old you are? Will you be pulling money out of it any time soon? I know the stock market is volatile right now and recommend staying the courses.

Early 30s. Just want to preserve capital in case I get hit by the (supposedly) looming EY layoffs in the next 90-120 days. With cases surging and possible commercial real estate implosion on the horizon, the chances of layoffs coinciding with a bear market seem very high. If laid off, I’ll use hardship exception to liquidate 401k (I only do 40k to get match, I prefer non-equity investments). If not laid off, I’ll jump back into the S&P once it’s clear I’m not getting hit by July layoffs or what not.

Related Posts

Does anyone have experience working for a ALSP? How does compensation work (pay and benefits)? Are you an employee or technically an IC? Do you have billable requirements like at a firm? How do you think it prepared you to potentially move in house? I'm currently at a firm but thinking of taking a position with an ALSP but my goal is to go in house.

Can someone explain high yield savings accounts to me? Why doesn’t everyone use them? Should I switch banks so that my HYSA is the same as my checking account?

like

Has anyone used Gideon Strategic Partner for investing? What was your experience?

like

Can someone suggest companies that hire for secondary research ? Also can someone help with referral for a suitable opportunity in some consulting firm. I hav a experience of 6+ years in secondary research , report writing and knowledge management ( Healthcare )

like

Can someone recommend affordable health insurance? I left the firm earlier and am expecting a gap of medical coverage until I find a job. Currently not actively seeking either...

Married fish, how do you ho about decision making for buying property and how do you decide who to register it on?

like

Hi, I am currently a Sr. Radiation Therapist experiencing burnout. I am currently looking into other positions within healthcare that does not involve direct patient care. Any suggestions of routes I should take?

like

Revenues are at lowest since 2008, and I think investment banks are being forced to rethink their entire business model

like

What is your agency’s maternity or paternity leave policy?

like

Canadian and EU workers justifying 30-50% lower compensation figures for similar work and higher taxes by trashing on US healthcare and social issues

Post Photo
likefunnysmarthelpful

Any info on the agency Heartbeat in NY?

like

I had a baby almost a year ago. I should start a 529 account for my child but I am originally from France which also makes her a French citizen and she could easily go to college in France for not much money. It’s pretty much free there, I have 0 Student loan debt. With that in mind, a 529 would not be super helpful if we go that route. Should I consider other options? Do you have suggestions? Thanks so much!

like

Does Fidelity HSA charge a fee for EY employees? The schedule of fees is not clear

like

if there's no pension anymore and a significantly lesser lump sum payout, why become a partner at EY?

like

At my current freelance gig, they hold 47% of my gross paychecks for taxes. Is this normal or way too much?

like

Hi all-my idea pool has officially run dry. Trying to explore new ways to market per diem
nursing. Besides, clinician spotlights, social posts, and video interviews, any other thoughts?

1099 or w-2 ? I have been given the option though the company prefers w-2. It’s a day rate booking couple of months or more (no end date). I already have 1099 from similar company this year and am leaning towards 1099, but I don’t want to be difficult. I do take home office deduction and they are not supplying any equipment. Suggestions?

like

Buying a house for ~900K in one of the Boston suburbs - my household income is ~230K. Am I stretching too far?

like

I bought my starter home recently. Want to dump everything else i saved into vti (will be about 70k). Would buy a forever home in say 5-6 years. 5 year time horizon is pretty safe right?

like

What does your NW breakdown look like ? In my case it is as follows
Home equity: 15%
Investments Stocks/ETFs : 25%
Retirement account: 30 %
Cash: 30%

like

More Posts

What is the maximum CTC I can ask during HR discussion?
I am 4 years experienced. Current CTC - 8 LPA. Have another offer for 11.5 LPA.

like

Anyone go from SaaS / licensing sales to services (strategy & implementation) sales?

I'm thinking of moving from large cap tech to large cap consultancy firm to help build the resume and round out my experience. I enjoy and do well in licensing, but I'm fairly young in my career (<6 years) and received a great offer to make the move.

Big fan of the org and team I'll be joining as well.

Thanks!!

TC ~$300K

likehelpful

So true 😅

Post Photo
funnylike

I joined my company as a BI- Analyst and now they are teaching us SAP HANA (DATA MIGRATION). Is it good start for a fresher??

like

I Have a HR scheduled meeting, in the morning. Is that Sus?

like

Which Big Law firms in San Francisco/Bay Area have good L&E groups? Good as in legitimate group and not some group that claims to do the work but really just writes blog posts and answers some advice and counsel questions. Amongst those, any intel on culture, WLB, etc.?

like

Is anyone hiring senior producers anymore or are agencies and clients just hiring cheaper younger producers since budgets are shrinking?

like

Does anyone here build Microsoft power apps as apart of their job description? Just got asked to take on that task as apart of my role in addition to web design and just curious their experience with it.

like

I have 20 days remaining in my notice period, and have not received any positive replies from recruiters. Can somebody pls pls give some referrals. 🙏🙏🙏

like

I started an AP studio art bowl for anyone interested!

like

Hi everyone Today is my tcs doj and I got a mail from my onboarding manager that your doj is postponed please connect with your recruiter.
What might be the reasons.

I had a baby almost a year ago. I should start a 529 account for my child but I am originally from France which also makes her a French citizen and she could easily go to college in France for not much money. It’s pretty much free there, I have 0 Student loan debt. With that in mind, a 529 would not be super helpful if we go that route. Should I consider other options? Do you have suggestions? Thanks so much!

like

I resigned 3 months ago at Infosys and joined Accenture. If I want to join back to Infosys now can I apply?

Is there any minimum time to stay for rejoining?

Does Fidelity HSA charge a fee for EY employees? The schedule of fees is not clear

like

As a 1 person HR show, what would your first hire be?

like

When do you officially put in your two weeks? I have a written offer I intend to sign, but should I wait until they clear all the background checks and such (I have no more than a speeding ticket so I’ll pass). This is the first real job I’ve quit

like

What are the pros and cons of working for Progressive Insurance as a PIP examiner?

like

In your experience have engineering salaries posted on Glassdoor been accurate? I’m seeing many that seem low

like

Recommendations for a great L&E big law recruiter in NYC?

like

Additional Posts in Personal Investment Chatter

I don't have car experience but I'm going to buy my first car (used 2018). I don't have a mechanic to help test the car. Is it safe enough if I buy from a dealer with points inspection + low milage (< 30k km)+ clean carfax + contactless delivery? I have funds available to pay in full.

like

Just a discussion thread, but I feel like this is a good bowl to ask this. Does anyone else look at the vast majority of folks around you and think “damn, we are so over leveraged as a society?” Or am I just crazy?

like

What’s the best way to maximize having both the chase freedom unlimited and sapphire preferred?

For context, I’ve had the unlimited for 2 years and just opened the preferred because of the bonus offer. I will hit the $4k spending target, but after that, what’s the best way to use these two in tandem, given the unlimited rewards are all around much better.

like

I started a small LLC on the side. My company is getting it's first client this month.

Wondering if any 🐟 have recommended resources on setting up initial consulting business thru an LLC.

Books, websites, tax strategies etc.

My LLC is already incorporated, but looking for guidance with the next steps (creating contracts, invoices, etc)

likeuplifting

So, I had put money into savings (~$40k) a few weeks back. I know timing the market isn’t good and stuff, but would it make sense to put some of that into an ETF now? The $40k isn’t part of my emergency fund or anything. I just didn’t know where to park the money.

like

If I moved to a different state last year, how do I allocate my investment dividends when filing for taxes?

like

Anyone have started preparing for Series 7 exams? What is the best study material to start with?

like

Can someone point me to some material where I can read about profit sharing vs 401k. I get the concept, but I am trying to understand is 10% profit sharing vested over 5 years better than an employee 401k match of 6%?

From my understanding 10% PS is better because it’s just a standard 10% on top of whatever I contribute though it takes 5 years to vest. Does this mean if I leave before 5 years I don’t get any of it?

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

like

For those watching their home value - which is best? Zillow or Redfin? I’m watching mine to see what equity I have to refi and potentially get PMI removed. Zillow is current showing home value at about 20K less than Redfin. Are there any other tools I could be using? Thanks.

like

Any good bonuses on credit cards right now? (Jan 2022)

Already have Chase Freedom, Amazon (Chase), US Bank Cash+ Discover, AMEX, Wells Fargo 1.5%, all used for different expenditures to maximize cash back.

Thinking about getting the Wells Fargo 2% and closing the Wells Fargo 1.5%, and any others that overlap in cash back categories but at a lower rate.

like

Recommendations for a Roth IRA?

like

GME and AMC are not doing well today 😂

like

Can someone explain high yield savings accounts to me? Why doesn’t everyone use them? Should I switch banks so that my HYSA is the same as my checking account?

like

I had a baby almost a year ago. I should start a 529 account for my child but I am originally from France which also makes her a French citizen and she could easily go to college in France for not much money. It’s pretty much free there, I have 0 Student loan debt. With that in mind, a 529 would not be super helpful if we go that route. Should I consider other options? Do you have suggestions? Thanks so much!

like

I bought my starter home recently. Want to dump everything else i saved into vti (will be about 70k). Would buy a forever home in say 5-6 years. 5 year time horizon is pretty safe right?

like

What does your NW breakdown look like ? In my case it is as follows
Home equity: 15%
Investments Stocks/ETFs : 25%
Retirement account: 30 %
Cash: 30%

like

I bought a house last year from a senior couple and was locked into a senior exemption on my property taxes for the rest of the year. I just received my property tax bill for the new year and I'm still locked into the senior exemption. Can I be penalized in the future if I don't say anything and just keep paying my property taxes as is? I feel like it's the village that screwed up and that's on them. Thoughts??

like

I contributed 1k into 2022 Roth IRA and have realized I will be ineligible due to MAGI over the allowed 144k cap. What to do with the 1k? And what do people usually do with IRA once above the cap, back door?

like

How do you choose 529 college plans. Currently in MD but will move to TX or GA in next couple of years. Any plans that avoids locking into specific state and allow to use funds for private or public colleges.

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