Hi - in 2022 income from my new job moves me out of position to contribute to my rothIRA. The variable income also makes it so I might not be able to get benefits from Traditional IRA. What have you all done about this?

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

Backdoor Roth

like

Open traditional Ira > deposit 6k > convert balance to Roth IRA before investing the 6k in anything. Done. Call your broker and they’ll walk you thru it. Took me about 5 minutes on Monday

like

Do you need a broker for backdoor roth? Im currently using a robo advisor

Yes- as of now your concern can all be completely solved in less than an hour of work.

If your 401k plan allows for After Tax contributions then execute a mega backdoor Roth.

Related Posts

Hi, Deloitte is hiring for below positions.

Post Photo
like

I’m an Audit Senior looking to transition. I’m interested in real estate( potentially advisory- helping real estate companies and individuals plan financially and make better business decisions), entrepreneurship (working at a startup or building something from the ground) and I like business in general. What are my exit options? Also pls include what salary range I should ask for. Thanks!

like

Option 1: Stay at Deloitte. Comp is about 118k. Expecting 130k next year. Currently in GPS Cyber doing GRC work. Promotion in the next year.

Option 2: Move to cybersecurity software company. Comp is about 140k. Role is a product manager.

Thoughts?

like

I am currently interviewing for a management position, this will be the first management position I hold. I hold a masters degree and about 7 years experience in the business. Any advice on how to show I am ready/can handle this position? The only qualification from the job description I don’t hold is the management part.

Any advice?

Providence Health & Services Anyone looking to exit to industry? I’m a former Big 4 revenue cycle consultant now leading the net revenue valuation and analytics at a large West health system with two current openings. One is in the data shop (SQL, cloud migration, Clarity) and the other is on the analyst side (budget/forecast, variance/trend analysis). Offshore team for the grunt work allows us to focus on value-add, including collaboration with our data scientists on integrating machine learning into our processes. Providence Health & Services

likefunny

Hi Fishes,

How to apply for
Walmart India Tech jobs?

I am not able to login to careers portal. When I try to upload my profile for any opening it says profile already available.

Someone referred my profile some time back. Post this I am not able to apply for any opening or track the applied positions.

Can someone please help? Walmart

like

Anyone interested in below skills,DM for referral

Post Photo

Hey folks! Got contacted by a McKinsey recruiter for an internal learning role. Thing is…they contacted me yesterday, and my first interview is…today. They also scheduled all three interviews.

Is this normal? I was told they’d just be situational interviews. Any insight?

like

Considering to join PWC. What are some benefits that PWC offer? (e.g. paid time off for senior, insurance, and so on)

like

I was offered a data analysis public health remote position. Director said “if you don’t hear from HR by the end of the week let me know” that was last Friday HR hasn’t contacted me and I sent the director an email letting her know. It’s Wed and still nothing. Should I email again? Thoughts?

like

Hi folks,

I am serving notice period. I am looking for referral in the area of Frontend developer.
My skills - React js, Angular, Javascript, HTML5
Last working day - 30 October

like

I’ve been working in public accounting (audit) for a year and I don’t enjoy the work and don’t see myself in this position for much longer. I’ve been thinking about going into marketing but stuck on how to get started. I know I have no prior experience, but since I’m early in my career and with taking some courses/certifications (Google analytics, SEO, etc.) to boost my resume, I’m hoping to make the switch. Any advice on where to start, what type of marketing positions I would align with, etc?

like

Hi All,

Please let me know in case anyone come across any decent job opening for Company Secretary with YOE 7+ years having vast experience in Secretarial audit, secretarial and sebi compliances, voluntary liquidation under IBC, opinions under companies act including buy back, preferential issue etc

I know a candidate, very close friend looking for change. She has just started looking after maternity. Previous employer didn't give her maternity so had to leave that job.

Thanks.

like

Currently looking for a part-time role either doing research, social media, or strategy. I’m in grad school so I can only do 20/hr a week. Hit me up!

like

Hello- I’m interviewing for a change of position at my current employer. It would be my first true sales role, I’ve been in sales support as a product BDM for about 5 years, but never had my own accounts and dedicated quota. Any advice for the interview process? What questions should I ask? Anything you wish you did before accepting a sales job?

like

Currently trying to plan my future. I work in cyber security and I want to transition to a role in the Middle East. What advice would people here give

like

Fishies, I am hiring a partner in crime to help me introduce PETERMAYER to the national stage. This isn't your typical biz dev role - it's designed to be a hybrid/cross-discipline role for someone who wants to use their full creative, strategic brain and most definitely NOT stay in their lane. Know anyone that sounds like that, send them my way! (Agency is full-time flex/hybrid, but a desire to be NOLA-based is strongly preferred; however remote may be negotiable.)

like

Would like your advices. Awhile back I applied and was video interview for a position at a competitor. I suspect I wouldn’t get it based on the vibes they gave off. Now randomly I get an email from one of their recruiter asking if I was interested to apply for a similar position. Should I even bother? It might be with the same people.

like

Thoughts on getting medical coverage via employer when I have VA healthcare? I go to doctor only for annual check up, no existing conditions. I leaning towards not getting it with my employer but what are the cons of doing that?

like

More Posts

Not in investment banking. However, my new role requires familiarity with income statement, dcf, accounting, comps etc.,. Is the Wall Street Prep course recommended to get up to speed on core financial topics and related excel work? Thanks in advance.

like

Hi! I think I need 12 likes to chat. Please help me out too ◡̈

like

Imagine how many full time creatives are going to go freelance when we have Medicare for all.

likefunny

Thoughts on leaving Big 4 to go to a smaller firm (eg ATK, OW). Proposed role is great, more collaborative culture with less sharp elbows and a metrics first attitude... impact to personal brand?

like

What is maximum fixed salary you have seen at Accenture at Level 10 ?

like

Hi folks, can you tell me how to get welcome kit? I have joined capgemini recently.

like

Just started on a new team. It’s the 3rd week here and I’m trying to get rid of this feeling that I should be doing something…? As lame as this sounds, I want to dive into actual work. How do I share this with my lead?

like

Another salesman told a client their ad campaign would be ready next week. Today our supervisor told me to help him, but he has hardly even started the work. Is there any way for me to point this out without feeling like a jerk

like

Hey - any insight on salary base at EY for a manager 4 in FAAS in MCOL city (east coast)? Richmond, Philadelphia, DC (although prob more expensive than the other two).

Also, are manager 4 and 5s normal in FAAS?

Thanks in advance!

like

I have 8 years of marketing experience. Looking forward to change my job. Any opportunities?

like

Blueflame Labs is a fast growing company and Oracle NetSuite Partner looking to hire NetSuite Developers on multiple levels. Great Opportunity, reach out to me for referral.

#NetSuite #NetSuiteJobs #hiringnow #hiringimmediately #talenthiring

Post Photo
like

Anybody know any remote reinsurance roles?

like

Is there any news that Quantiphi is laying off their employees?

like

Any one have a design book recommendation that will help elevate your creativity and design skills?

like

Hey Everyone!

I’m on the Community Team here at Fishbowl and just wanted to drop in to see how we can possibly support your community. We love this bowl and want to see it thrive!

Are there threads, initiatives, or conversation drivers you’d like to see? Resources? Topics you’d love to see featured? People you’d love to have for Q&A’s? 

What would make this bowl a go-to for you? 

Let me know how I can help!

like

Not having great luck on LinkedIn, are there any creative agencies in Denver looking for an Account Coordinator/Executive? Recently got my Scrum Master Certification.

Any favorite watch box brands? I’ve been looking for ~$100 range, 6 slots with a drawer.

like

Worked in Financial Services and Wealth Management for 12 years. CFP working in the banking channel and completing my MBA within a few months with a focus in Mergers & Acquisitions. Really can’t take the stress and compliance involved with being an Advisor anymore I’m losing hair everyday. Any suggestions where to go?

like

How is the work culture for a DevOps in QuestionPro Pvt. Ltd Pune?

like

What is the salary structure in HSBC?
What percentage of variable pay they have?

like

Additional Posts in FIRE Financial Independence Retire Early

What is a expense ratio for a fund you are ok with? What is the cutoff where it is too high? Asking for a family member who has significant wealth but needs financial advisor. Don’t want them screwed

like

Is Robinhood a bad place to invest? Looking to invest $100k into just index funds and ride it for years.

like

How much money do you guys give for weddings?

like

This sounds like a crazy question, but if you have 1MM in working capital invested in the markets at 35 and you are looking at spending 150-200k in retirement. 4-5MM target number.

All of my models say you would no longer need save, but just finance your lifestyle until 60. Does that math check out?

like

Has anyone ever put 401k at 0% or something really low for 1 year to stretch cash savings for a home downpayment? Is it worth doing this? I get I may miss some match but also need cash for a house

What’s better the S&P or a total stock market index fund?

like

Serious question - is there a reverse FIRE strategy? I like the idea of saving and retiring early, but the one hiccup I see (and sorry if this is grim) is if you die earlier than expected. I’d be worried that I would minimize lifestyle and fun for retirement at 50 but I’d die at 49. How about a way to work 9 months out of the year and retire/travel/relax for 3 months? This way you guaranteed your dreams/etc. are fulfilled

likesmart

For about 7 years I've split my contributions approximately 50/50 between a traditional 401(k) and Roth 401(k) to get some tax diversification. My annual contribution has been the annual max, plus a small employer match (3%) into my traditional acct.

I'm switching jobs and am reconsidering my approach. Would it make more sense to max out the traditional 401(k) and use the present day tax savings to fund a Roth IRA, assuming I'm able to with income limits/backdoor conversions?

like

What are some side hustles everyone is doing for additional streams of income? eCommerce (Amazon FBA), Real estate flips, etc??

like

How much is too much in emergency cash? Roughy $100k held in liquid forms (HYSA, CDs etc.). But wonder is it too much? Expenses are probably $60k for a year. Should that $40k be invested further. Or is $100k a good max?

like

Anyone here retire in late 30s or know someone that has?

Im 35. Considering to start investing in Real Estate this year. Looking to buy 1 property to start generating cash flow, but most importantly, long term equity. No plans to sell. Condo or Single family residence. Considering booming areas like Austin, Vegas or somewhere with potential to grow. Will need local help, since I don’t live there (realtor + property manager). Already have 20% down, but considering putting less. All closing fees are also covered. Is this a good idea or should just wait?

like

I am still waiting on a 2k federal tax refund from the 2019 tax year. I’ve called 20+ times over the past year, and haven’t gotten more than “we are working through an unprecedented backlog and will get to it soon.” Anyone in a similar boat and/or have any advice other than wait?

like

We often talk about side hustles… the service industry is getting absolutely crushed. High end steak houses are paying $1k bonuses and $17+/hr bc they have no dishwashers.

like

I had more household income than anticipated last year and found myself ineligible for the Roth IRA that I maxed out (plus another for my wife, we file jointly) can I take that money and do a backdoor Roth IRA? What are my options here?

like

Thinking about buying a small condo in SF.
The interest rate is low. I am thinking catching the buyer’s market here.

Questions:
1. Will the condo still appreciate in next 3-5 years? What might be the rate?
2. Is the appreciation rate relate to how new the building is?
3. Any strong reasons for why I should NOT buy?

I have been living and working here for 9 years. Feeling tired of paying rent.
Can’t move for at least another 1 or 2 years and only want to move for better career growth.

like

If you had an extra 50K laying around and wanted to take advantage of the recent correction in growth stocks, what you invest in? ETFs or individual stocks welcome. Won’t need the funds for at least 6-12 months

like

Just had someone reach out offering cash for a rental house I own. It’s currently rented for next 22 months. How would you value this as a seller? Straight Zillow with a kicker for rental value add? For shits and giggles. Zillow says 150k. Rental is 1200 per month. House has appreciated about 7 percent per year over last 2.5 years in OKC. Thanks in advance

like

Best way to forecast net worth/future growth?

like

This is painful 😩

Post Photo
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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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