Financially savvy fish - I’ve seen multiple opinions from folks regarding 401k’s. Some say to only put in what your company will match, others say max that bad boy out at 19K per year. Thoughts? I could max my 401K, but it would mean forgoing investing into other things (mutual funds, ETFs, individual stocks, etc…)

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

If you want to retire lavishly at 65, max it out. If you plan to use capital for other investments in order to retire earlier, just do company match or zero. I’m thinking about not contributing anymore

FWIW - 28/M/525k net worth

like

Pwc1 exactly. I make about $1600/month in cash flow after expenses, capex, and maintenance with 3 properties

like

I would suggest always investing in tax advantaged accounts (401k, HSA, Roth IRA) before investing in your own brokerage account. Don’t pay taxes if you don’t need to.

If IRR in outside investments > 401k when factoring in Match and tax advantages then you should skip 401k

I will not contribute to 401k for rest of my life

But most people won’t achieve what you outlined, at least not with a high level of certainty. Not contributing to retirement accounts will set up most people for pain in the latter stages of their lives.

Related Posts

I’m making ~$300K, household income around ~400-450K. Expect this to go up to ~$500K+ this year (or maybe next year post-COVID). Am I crazy to buy a $1.5-2M house? I have about $500K for a down payment but will require selling some investments

like

Is there any domiciliary part in CTS health insurance scheme?Can someone please provide details on the health scheme details as well.

like

I have about $150k cash to invest. Already have my emergency fund, safety cash (because I’m risk averse and want extra cushion). My net worth (excluding this and other cash) is close to $600K, with about 60% in 401K and the rest in index funds. I’m not a homeowner and don’t plan to be any time soon.
What would you do with this money? Especially now with the uncertainty in the market?

likeupliftinghelpful

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

I have my Bachelors & I accepted a job at a starter up healthcare tech company which is growing. When I accepted the position and salary I honestly didn’t know what to expect or how to negotiate a salary pay. I accepted the job and salary because it was more than my old job and I needed to get my foot in the door. I’ve been here for 3 months and I have found out I am getting underpaid than what other project coordinators are getting paid. 10k less than them. How should I ask for a salary adjust

like

Do you feel Internal Comms programs are more for optics or do they actually have wide-reaching benefits?

like

Hi, i am being considered for an opportunity at Bain Capability Network- Project Leader profile (Healthcare Strategy).

Wanted to understand how is Bain Capability Network in terms of compensation, wlb and quality of projects.

like

What good value buys are there? Looking for unfairly discounted stocks that will make a quick rebound once covid is over

like

Just switched to an account with no per diem. Pray for me

Post Photo
likefunny

I was working for a client through a consultancy company and I am returning to work after 1 year off ( maternity leave). Now my manager (client) asked me to work with him directly, but my company has a non competition clause ( in my first comment) Am I able to work with my client with no issues caused, since I have been away for a year ?

like

Hi Fishes, I joined FIS global Pune recently. What are benefits of National pension scheme - employer contribution at FIS ? Any idea?

Also where we can use meal card?


FIS

like

What % of your salary do you save? Owning a flat is really limiting my savings potential

like

First year associate in healthcare DD (market / strategy, non-financial). Would appreciate any insight (MBA, industry jump to x) from those who began in this area and moved elsewhere 3-5+ years later

like

Between two offers, "Associate Principal" for m&a consulting in the Healthcare industry vs a Director at a F300 company doing M&A and Partnerships. Consulting pays about 50k more. What does the future look like in consulting? I am a bit nervous jumping from from "industry side" to the "consulting side".

I work for a huge company for 11 years and haven’t been happy for a while. I feel emotionally attached to it because of great benefits, my growth (had multiple roles) and overall culture. Leaving it feels almost like ending a marriage (nuts, right?). Have you ever felt this way about your career before? I’ve seen people leaving and regretting it and seen people leaving and telling me there’s life post XYZ company.

I’d appreciate any thoughts and reading your pov.

like

So I am currently doing administrative work with an IT background and would like to pivot in the healthcare world. What in healthcare position would make same or close to 70k that I am currently making?

like

Deloitte consulting partner vs Accenture principal. Is comp and pension comparable? SAP implementation.

like

I’m going to be receiving some pension money from EY as I recently quit EY, it’s not a lot but would like to know where should I invest this money ?

likefunny

Just scolded by my client because I wasn’t thinking “large enough” for a certain paid social campaign. They want their campaign to go viral and that they want to target “everybody”. I want to retire.

likefunny

Hi Guys, Please help which one to select from the following, I'm really confused

Eli Lilly and Company - X CTC (~13% variable) + 2 lac joining bonus, location Bangalore

Thoughtworks - X CTC (including 1.5L other benefits) + 1 lac joining bonus, location Pune

Gap Inc. - X+1 CTC(~8% variable) + 2 lac joining bonus, location Hyderabad

Priority is learning and wlb
Notice remaining- 1+ month
YOE- 2 yr Skills- Node.js, Vue.js, AWS
Eli Lilly and Company Thoughtworks
Gap Inc.

like

More Posts

Is onesource down?

like

Is anyone else back in the office? If so, how many people are in your office and how does distancing look? Does the company have set covid protocol?

like

Ok.. I really want to get a search bowl going. Anyone interested? So here’s a topic we can start with: Does anyone still use Google’s enhanced PC?

like

Hi fishes, I'm a Java developer:
YOE- 3
CTC- 7 lpa
Working in a MNC service based org.
I am looking for a job in a product based organisation and my company is offering a 2 week client visit in Europe somewhere around oct-nov. Should I stay for that will it add any value? Or should I just give my papers (resign) and focus on looking at opportunities outside?
I need a better financial state till what can I aim for?

What are some strategies for a current 3L looking for a job to overcome many jobs asking for several years of experience? Should I even apply? I have some experience from internships, but is it enough

like

What is the average salary for an interior designer in New York with only 1 year experience?

I just had my annual review and they gave me a raise of 9%. Is that acceptable? Or should I email them to negotiate?

like

Advice for dealing with a micromanaging research lead? It’s pretty suffocating and it’s honestly killing my drive to work on this project

likehelpfulfunny

Were there any mod year hikes given in Accenture Strategy last year and when was it paid.

Post that how much is a salary of strategy consultant

like

Recently been doing multiple interview with a particular company. I was informed by one of the managers to send my availability for the final interview and so I did. Fast forward a week later and weirdly no further communication yet. Today the recruiter informed me that the next step is paused and he was unsure when the date they would be set up. Honestly a little confusing.

like

Whirlpool must be handing out bags to grab the amount of people that they’ve been getting, right?

likefunnysmart

Joined deloitte 3 weeks ago. Got staffed to a client on first day. Was never given any kt/never attended any meetings.
After sending few follow up emails manager(specialist executive) mentioned the project will be delayed and he is looking another opportunity for me.Meanwhile on staffit I am still allocated to same client/ never received roll off email.
I am in project or out? I am charging client since first day on TDE , should I stop now?
Everything is confusing 😴

like

Opportunities available for freshers and experienced CA/CPA/ACCA in EY GDS.

Experience requirements : 0 till 20 years relevant. If interested send your CV at -
manalrehtal1986@gmail.com

Location: Multiple locations across India
Like, comment, share and spread the word to those in need!

#cafreshers #experienced #cpajobs #accajobs #statutoryaudit #panindia

like

Looking to exit federal contracting and I have an opportunity to join a company in industry that is owned by a PE firm. Expectations are that the company is going to be sold to a major company in the future. What are my risks of accepting a position like this? I am looking for a job that involves less stress and that’s why I am exiting consulting. Thank you family!

like

What will be the take home salary for 14L package?

Anyone has a good financial advisor they’d recommend?

like

Hey guys, I have been in a non-tech job for almost 8 years and wanna switch to the data science domain..I have a bachelors in Information Technology and am currently pursuing M.Sc in data science specialization. It is possible to switch? Im 31 and know only basic coding. Any suggestions would be appreciated

like

Hello Friends, I recently received offer to work with Ford (Finance Team). My current coworkers and friends were telling ford india is closed and even I knew ford manufacturing is closed in india. Will this effect my carrier anyway ?

Is Ford Motor private ltd and Ford Global Business solution same??

Guys please clarify this confussion.

like

Any jobs for mechanical engineer ready to join immediately with 3 years of experience as explosive safety engineer

like

Functional Architect offer $110k with 4 YOE

like

We know there are few places in the country that feel like this at the end of October.

Post Photo
like

Additional Posts in Consulting

Got so many things on todo list but just couldn't focus on a Friday afternoon 😢

like

Anyone take paternity leave? Accenture? Experience with it?

like

What are your biggest travel pet peeves? Mine- when uber eats does not bring you utensils with your food (happens most of the time).

like

Acn exit opps - what industry companies can I expect to land jobs at?

like

What is so great about the iPhone X? iOS still looks so dated.

like

Any tips on how to move from an operations consulting firm to an M&A consulting one? Certs? Side projects? Fellowships?

like

What's the opinion on dating a person at the client that is literally 0% connected to the project or the project team. I know people advise against. But is it fair for 30-100k people to be off limits?

like

Two co-workers right next to me always talk real loud for hours about non-work stuff while standing at their desks. So today I set up a stopwatch to count the number of hours they talk. 🤷‍♂️🤷🏼‍♀️

likefunnyhelpful

Currently contributing 18% to savings (8% 401k and 10% to savings account) and also paying $2250/month for grad school. I have a healthy savings balance and am not expecting and need to use it anytime soon. Is is ok to cut back on what I put into my savings account while I’m in school?

Feeling stretched thin and have always had the impression it’s bad to not be contributing to savings regularly. Thinking if I’m paying for school it’s ok to be less aggressive with savings. Looking for input.

like

2nd week on the job. Still not staffed, any advice on who/how (partner, manager etc.) to get myself off the bench? These 'layoff' posts are scaring me!

like

Better to transfer AmEx reward points to Delta (1:1), SPG(1:0.33) or FlyingBlue(1:1.2)?

Don't even behave an account with FlyingBlue but there is an ongoing promotion on AmEx hence the qtn.

like

SPG card vs Chase Sapphire vs BOA Premium Rewards?

like

Interviewing at Mckinsey. Need help with case interview prep. Any suggestions beside self-help books?

like

Can I go back to a strategy firm after being counseled out from there about a year ago? Firm in question is Strategy&, formerly Booz & Co.

like

If you're in a role where you have a ton of meetings and time drags on: sched. 10:30-11:30, 2-3, 4-430 meetings. The day will seem to fly by much faster.

like

A colleague got fired due to a misappropriation in the expenses! 🙊

Looking to move to MBB from Big4 consulting. Any MBB folks willing to offer advice for a successful switch or a referral?

like

The smallest dinosaur to live was called the Troodon, and could fit inside a shopping bag. #dinofacts

like