Former or Current KPMGers: l left KPMG a while ago. I want to cash out my pension with them (it’s relatively small: mid-upper teens) because it’s a Restricted Security. Anyone know this process? (Note: I do not want to roll it over and I know about the tax and 10% penalty). Thanks!

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

Same as every other pension. Call the company, tell them you want to cash out. Sign some forms, select where the money will go (tax defered account hopefully...), if married get your spouse to sign a form. Money appears in the selected account in a few weeks/months.

helpful

Thanks for your response. But when you say “call the company”, do you mean KPMG or the company administering the plan? (Im actually cashing out this small amount for Covid related reasons- I have other retirement accounts still).

Related Posts

I recently joined citi. I have been given choice for to select superannuation as 13% of BS or 12500/- monthly or zero.

This is one time selection and not reversible.

I am already investing 1.5 lakh in 80C through SIP and EPF.

I need more detail about superannuation and is it beneficial or not?

Also is there any retirement age in IT field 🤔 (or in citi)?

like

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

Marriott or SPG credit card (for the sign on bonus)?

like

Does 401k count as savings?

likefunny

Revisiting Iron. Last month I mentioned Iron and derivatives had the right conditions to rise

BDRY went up 42%, and FSUGY 25%. With others seeing all times highs.

But we may be entering speculative territory.

The Baltic Dry points to alot of shipment in Iron's lanes so supply should be good, yet price is still going up, so not oversupplied.

Futures so high should point to shortages. Maybe due to Aus/China trade war.

In short: No idea whats going on, but there is money to be made

like

What are all the learning platform available for Indian employees like udemy ?

What benefits do indian employees get in terms of parental insurance cover, gym etc for India location?

like

Best way to transition from healthcare consulting to product?

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.

like

Accounting advisory big4 or IA at F100. Both senior roles. Roughly same base pay.

Big4 has clear trajectory and interesting work.

F100 has 14% bonus, perm remote, and immediate vesting 401k over 7%.

What would you take?

like

I applied for a job and received an offer from my client. 15k+ bump in salary, better benefits/remote work, and responsibilities will give me exposure to all areas of the organization (start up). The problem is that they’re looking to staff me as a Senior when I’m currently a Manager at DT. They said they’re flexible on title, but curious to hear how others have navigated similar situations. I would report directly to the controller and have 1-2 staff reporting to me...

like

Where are the Scania's members of Sweden? I'm about to change roles internally and I'd like talk about salary and benefits for an Object Leader and for a TPL engineer. #Scania #projectmanagement #technicalprojectleading #salary Scania

like

Has your company issued a statement regarding the overturning of Roe v. Wade? Kroll announced today that it would provide benefits for medical treatments sought outside of an employee’s home state.

like

I am joining citi office Pune, do they give 15 days accommodation and traveling reimbursement, till I search residence for myself?

If anyone is interested in a referral code for a Chase Sapphire Preferred card go ahead and comment so I can dm the link.

Great card for travel, points come fast and great perks for travel.

Hoping to help anyone!

likehelpful

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like
like

Opinion on the Milton (Cambridge high) vs Suwannee (Peachtree ridge high) to buy a house? Have a 3 yr old.

like

My lease is expiring and a friend wants to buy the car . Anyone do this before ? I guess I would have to buy it and then sell it to them ?

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

More Posts

The feeling of avoiding mines buried on the gorund is one I carry at all times, and I remember the fear and the anxiety at every step. I still feel like this today, like every decision I make will lead to disaster.

like

For all those that have taken on a trainee to team up: what do you think is a fair split?

like

MAGA!!!
America first!!!
Winning!!!

Post Photo
likehelpfulfunny

When is new office being planned in Pune?
Kolkata Gds got a new floor

like

Gaming the Game Has Become the Game

Remember taking Office Politics 101? Nope, no one offers it. Yet, they can steer your assignments , raises & satisfaction. Even your sanity. How do you deal w/ it?

like

Anyone have any insight on ARES (Accenture Real Estate Solutions??

like

I think Michael and Natalie have a fake storyline. I don’t get what their issues are other than Michael saying “we have a lot of issues”

Anyone who filed 131/765/485 last year in October with BAL/D and got EAD or GC?

Hi guys Does BofA provide education leave?

like

Has anyone interviewed at Via Transportation? Also, if you work there, how do you like it?

like

Hi fihes, need some urgent advice. I have an offer letter from IBM but they had given me joining location of Kolkata and DOJ 1st November. I want my location to be changed to Bangalore. Can I ask HR? Do they entertain such requests or will they revoke the offer?

like

Singapore hiring foreigners again yet?

like

What should be the approx in hand?
CTC: 14lpa
Fixed: 12.8lpa, Variable: 1.2lpa
80c: 1.5L
Std Deduction: 50K

Apart from this, also let me know how else I can save tax.
Thanks a ton 🙏

like

Resource: Are you looking for additional communities and job boards for women in tech? Check out LadiesGetPaid.com, an online community with lots of subgroups available to join based on career, location, and interests.

like

What laptops are given to a new joiner Senior Consultant at EY GDS?

like

What is the appetite for tax policies consultancy in North America?

Anyone free tonight for drinks ? 36m here

like

Hi! If anyone has experience going from Transaction advisory Services to IB please DM me.

like

Part of PwC deals with an accounting background. I’m currently pursuing a MS in data analytics. PwC deals has a data analytics group but I don’t want to put all my hope in an internal transfer. Has anyone here pivoted into a data analyst role from big 4? What did you do in order to make it happen?

like

Additional Posts in Consulting

What are the best data privacy certs to aim for? 4 year exp in cyber risk consulting. Want to move to a privacy related role outside the big 4. Should I go for the CDPSE or CIPP or CIPM?

like

Does 401k count as savings?

likefunny

Any men wear diamond studs (on ears/lobes) while on the clock?

like

Anyone ever lost their passport? I lost mine in transit. I am abroad and entered new country. When I got to the counter to show my passport for entry I couldn't find it anywhere. I am currently sitting and waiting as they are deliberating . Any advice would be great.

like

Any good resources to learn VBA?

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

Why is empathy so emphasized for a leader in this digital era?

like

How to transition firms to MBB from Big 4/ACN when you don’t really have a connection there? Randomly connect with people on LinkedIn at the office you’re interested in and hope for a referral? Can I reach out to a recruiter at the firm directly there? Currently in Tech Consulting but wanting a shift in career path to strategy or tech strategy. Currently have almost two YOE and wanting to gain insight into the process and how long that may take

like

What are your expenses/time horror stories? Has anyone gotten fired in relation to expenses? Compensation withheld?

Books you would recommend for consulting or personal development?

likesmarthelpful

Any good books or recommendations on sales? Sales tactics trips and tricks?

like

Thoughts on Prosci or SHRM-SCP certification? Which would be considered more valuable or highly regarded? Currently focused on Change Management but have a HR background (industry experience / area of study in college).

likehelpful

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

Clinton looks like she's wearing grillz on my Sheraton tv...

like

Top consulting firms for building mobile apps - IOS or Android?

like

I’m currently in ERP and really want to get into cloud. Currently hold the Azure Fundamentals, AWS SAA, and GCP security certs. Any suggestions on what I can do to increase my chance to get into cloud?

like

Recommendations for comprehensive books on the finance industry? I want to learn more about investment banking and modern financial instruments. Got a lot of free time during this lockdown

like

Smart to look for a new job with a “recession” looming? Wanted to leave by end of the year, but nervous I’d be the first laid off at a new spot

likesmartfunny

Do you have any book/video/whatever recommendations for how to be a good manager/lead? I'm trying to make the transition and get more responsibility

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