Are 401k’s really worth investing in these days? What are the % returns you guys have been seeing for the last few years? For those that have been working before 2008, how much of an impact did the housing crash have on 401k and how much did the recent COVID pandemic affect it?
I saw a Harvard? study circa 2013ish that said effectively “be most conservative when you retire and get more aggressive as you age”. But can’t find it now. Anyone seen this and know where to find it?
When rolling over 401k from ACN, did y’all have to call Alight to mail the check? I tried doing it online and they are sending me to a rollover central site that is asking for a lot of info.
Just realized my firm offers a Roth 401k option. I’ve been contributing pre-tax but now not sure what to do. I know Roth is theoretically better, but is there any reason to do pre-tax? What about a combination of the two?
I get there is no such thing as optimal 401k contribution as it varies by person but is 20% too much for someone just starting out? No ROTH offered
My husband and I (both 27) max out our Roth IRAs each year, have a complete emergency fund, and I’m able to start maxing my 401K this year (he contributes 10% to his 401K - it isn’t possible for him to max his based on his current pay). We contribute 18% extra towards principal on our mortgage each month. We now have about $20k of additional savings we want to figure out what to do with. What would you recommend to someone who is new to stocks/investments?
Tax deduction help. Now that we are ending the year I want to find out if there are any other tax deductions I am missing. I maxed out the 401k and hsa (also Roth but that’s post). Is there anything else I can do? Single 27 and no home.
put 6K into my roth IRA, just want to dump it into a few ETFs and forget about it until i’m old and wrinkly - what should i go with? VOO? QQQ? thank you in advance for helping me retire!!
If I have $375k in my 401k at 35, is there any reason to keep contributing? I leave $375k alone for 30 years and that’s going to already be a decent retirement
If you live in NYC now but plan to move out eventually does it make sense to pick pre-tax 401k over a Roth 401k?
Is anyone changing their 401k holdings given the current economic situation or sitting tight?
Real talk. My employer doesn’t offer 401K or any investment or tax-sheltered vehicles. That said—I have a side company I own but isn’t making income right now. Is it possible to invest in my own company, set up a 401K for myself there and get the 57K/year max contribution? Effectively, if I were to do this, the company would have me on payroll, contribute to 401K and ultimately take a loss.
I have two 401k accounts with $25k each (WellsFargo and CharlesSchwab). I want to roll them over to my current employer one (Betterment). Is it a pretty straightforward process? How long does it take? And should I consider maybe doing something else? Thanks!
A buddy just told me the average American needs at least $4M in the bank to retire safely. Isnt this crazy high? I did a quick Google search and found $8M as another benchmark lol
Hi BCG 🐟, BCG’s retirement is just the PSFR paid once a year, correct? Not done as a contribution monthly. Just wondering bc i am about to start and looking to see how to set up my 401k. Also, if for example you leave before the PSFR is paid, you lose that money correct?
When does it become smart to switch to Roth investments? For 20 years I've gone with trad IRAs and 401(k)s; I wasn't a high earner and reasoned I could use the tax benefits and would (hopefully) end my working life with plenty of money in the bank to take the tax loss then. I'm now in early middle age making low six figures--is now the time or do I keep waiting? I know if I take required withdrawals on a trad while I'm still working I could be hit hard, but when I retire I expect to..retire.
When your salary was ~$100k per year, what percent did you allocate to traditional 401k or Roth (or after tax) 401k and why? Trying to evaluate my strategy for 2021 and would really appreciate the groups thoughts and rationales! FYI, already maxing out Roth IRA.
What should I do? My 401k went from gaining 38% year after year for the past 4 years, now I'm losing money rapidly. I lost over 11k twice this week already. I been down almost every day this week. Please offer some good advice. What should I do? Should I put everything into safer stocks or just sit tight and ride it out?
Understandably, there is a bias towards BTC and ETH. While the alt coins are more risky (Link, Cardano, XLM, Matic, loop, etc.) their price is much more reasonable. That’s why I don’t understand why people say “I will only buy BTC and ETH”. That seems short sighted when you can put at least 10% in alt coins and hit it big if they take off. It doesn’t have to be a large allocation yet people are hesitant. This comes from a new crypto investor. Not financial advice.
Has anyone taken one of those online executive courses, like the Harvard Extension School offers? Looking to use my $5k of tuition reimbursement and already have an MBA. Worth it? Best programs?
I read on Management Consulted that OW don't specifically recruit post-MBA. How accurate is that?
Was a corporate analyst and recently accepted a job as an auditor for the state/government. Can this role have any complications if in the future I try to get back in the private sector or corporate finance?
Facebook friend training to be AA flight attendant states "hardest thing anyone could ever do besides maybe becoming an astronaut or brain surgeon"
Recommendations for best rec dispensary in Chicago? Hunting specifically near West Loop but open to travel if it’s worthwhile.
Looking into a job that requires to join the film Union. What should I expect in terms of fees and insurance?
Anyone have insight into Deloitte Core vs USDC? Got an offer in USDC with higher pay but worse benefits. Trying to assess the trade-offs here between pay, benefits, and rep/future opportunities...
Any recommends on a chair and standing desk AVAILABLE ON AMAZON ONLY for total of up to $500?
When the client shows you pictures of her daughter, tries to set you up and starts calling you her son in law...
Started CloudGoat this weekend to learn Cloud-based pentesting for interviews and really enjoying it. Does anyone have other labs they'd recommend for learning Cloud pentesting? Happy to take Azure and AWS security courses through my firm to learn the back end of it all as well.
Just used points to book first class tickets to Hawaii for my boo and I next month! Feels so good to finally fly somewhere I want to go without paying for it!
Current M2 looking to make a change. In Healthcare and Life Sciences Regs and Ops. Came from industry where I oversaw compliance for 6 hospitals. Anyone willing to reach out to discuss referrals?
I shop at BR and my client counterpart Shops at BR clearly. Some days we will have on the same shirt.....awkward.
For those who do not wish to submit to compulsory vaccination and weekly testing, when do you plan on having that tough conversation with your partner? As RSM just announced it will comply with the Presidents order, do we wait or do we have the conversation now?
Have an interview that focuses on marketing journey management and innovation. Any recommendations on resources to get up to speed on leading practices and technologies in this space?
Looking to create a tool we can use for stakeholder relationship tracking. We want to be able to hear a clients name, look them up in the tool, see info about their role and department, and see which of our consultants have worked with them before and on what projects. Trying to think of an easy to use, interactive tool beyond something like excel. What’s something you’ve used for this before? Don’t think we’ll be going as far as purchasing a license for a CRM software
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