How do people think about Roth vs Traditional? How are you all thinking about tax bracket now vs at retirement? For context, I’m 27, single and currently make $107K in DC as a social impact consultant. Will get an MBA so salary will increase but IDK what tax bracket will be at retirement...

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

In my opinion, given the spending trajectory in the US, tax brackets will dwarf the current brackets by the time any of us under the age of 45 or so will retire. Roth all the way.

like

C2 - You’re reinterpreting MD’s language to mean something opposite

Agree with MD1. Three points

1) The amount you are paying taxes on today will be 1/2 to 1/3 by the time you retire. Your income will grow

2) Any matching you get will go into the traditional account giving you a healthy balance between traditional and Roth when you retire. Ultimately you will want to have a balance between the two types

3) For each $$ you invest in your 20’s will be 10x that amount when you retire. It will be great to NEVER pay taxes on that growth

like

Except if you start a company in future and then expense everything as you pay your self little salary and minimal to no taxes.

No one really knows. I’ll rather not pay taxes now, and also figure out a way to defer it longer. Borrow against my assets, etc to keep deferring the taxes

like

Related Posts

What is the average salary of a project Engineer mechanical with 0-1 year of experience and with a Masters degree ? Talking about European countries precisely Nordic counties .

like

I have 5 years of experience in my industry in Chicago. (Engineering Firms working with Electrical Utilities on Substations)
I started as a CAD Drafter and worked my way up to a P&C Designer.
Is 63200 a good salary for someone with my experience?

I want to also say I’m back in school going after my EE.

like

As an analyst, can I expect to see a salary raise in a couple of weeks? Or an AIP? And if so how much of each?

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

like

Which one is better?

Infosys 13L + 1L joining bonus (11.7 is fixed) (location: Bangalore) in Development role

CTS 12.45 L (12L is fixed) (location: Bangalore) in Development role

Amazon 14L + 6 L joining bonus (location: Chennai) in Support role

I'm currently in support role and main reason for switch is to work in dev. Please suggest which offer i should take.

Current CTC 4.37 L, YOE 3.2

like

3/6 analysts on my team (myself included) did not get a bonus this year without any good explanation besides overall poor team performance. What would you do?

like

How does YOE work for comp?

My total is different from post-grad different from manager titles. Some companies consider manager title to determine YOE for comp which didn’t make sense.

like
like

What is the maximum salary at SA1 that we can negotiate for
Also, What is the next hike/bonus month if one joins in March 2022?

like

Hi, what is an entry level salary, or what would be a fair pay for someone starting in a Cyber security consultant role, without any experience in the field, with a Comptia A+ certificate and getting training on the new job? Thank you

like

Does anyone know what the average salary for a Senior Cloud Associate at KPMG is?

like

Hi which one is best
Coforge with 30 LPA ( 28.5 Fix + 1.5 variable) Or
EPAM Systems 27 Fix + 1 joining bonus ? Please help.
I am having 6 years of experience.

like

Celebrate azadi ka amrit mahotsav and reach your financial freedom when India will be celebrating 100 years of independence. 🇮🇳🇮🇳
DM me on 7019194829 for more details!!

Post Photo
likefunny

Goodbye XRP! Thanks for the awesome gains and good luck hitting that absurd $100B market cap 😁

like

What will be salary for 3yrs data scientist

like

If you’re a GSAPper who has left already for an externship, how do you get notified about your comp? An email?

like

Hi Sharks, I have cleared my interview process and going to have a final HR discussion in Mckinsey(Supply Chain and Operations). What should be the salary I should ask for/expect? I have total 9 yoe in APS implementation and don't have a MBA degree.@Mckinsey&India

like

What is wells fargo salary in india for a just promoted software engineer?

Can anyone share their salary as an operations supervisor or manager?

like

Is it a bad idea to commute to work on the subway? Moving to Nyc in July and a little intimidated by the idea, given what’s in the news lately, but the rent within walking distance from work is a little below 1/2 monthly salary🥲

like

More Posts

If anyone in DC area is looking for a great therapist.... i cannot recommend mine enough! I have seen several and she’s been detrimental in my getting better: Janet Wilson in Arlington.

like

Anyone watch the clock tick away and have this endless dread of the work day starting like me. When I wake up on weekdays I dread looking at the clock. During the day I mentally start counting down how much time is left on a 30 min break, on Sundays it’s a whole different story.

like

What is the percentage annual appraisal hike given for CTC of 32 to 35 LPA at TCS? Grade: C3B

likefunny

Does anyone work in-house in social media at a crypto company? Considering an in house strategy+execution role at a crypto exchange and looking to hear experiences! thank you

like

Is Behance the best resource for a new online portfolio for someone in marketing?

like

Fellow introverts...can I only advance in my career if I take on a leadership role? The thought of this terrifies me. My current boss hasn't exactly given me the confidence that would reassure me that I'm leadership material. He constantly questions my design choices, which I'm able to defend. It doesn't help that he always presents outdated ideas and throws UX out the window. I know that I know my stuff and keep up with best practices. I have 4+ years experience but am treated as entry level.

like

Reviewed a student book as constructive as possible.What I liked first about it then pointed out what needs work. Kid replied by criticizing my feedback in a rude condescending manner. What do i say?

like

Do disable folks get blackmailed from working in their field because of perceived liability issues? I'm highly skilled and educated, and I never know if I should disclose my disability because it's visible.

like

Them: What’s Philly like?

Me: Like Gotham City w/o Batman.

like

Anyone has a good financial advisor they’d recommend?

like

Any good cornhole leagues around?

like

What’s a great bar to visit alone and hopefully make friends? Im BF27, single and just moved here for context ☺️

like

Which of the two contributes more revenue YOY then the other? New Clients or Existing Customers?

like

Home appraisal came in 30k too low. Seller is an investment group. House was on the market 40 days before offer. What's the chance they sell at appraised value?

like

Hi Fishes,

Do ey gds bangalore location provides pick and drop service to the employees?? If yes, do they charge anything..
Thanks in advance

like

Someone talk to me about Isobar and/or IA Collaborative. 👍👎❓

like

Are most companies paying for you to learn new skills? When acquiring new skills are you mostly self taught? What are your best go to sites for learning animation or video skills? Trying to gauge the norm on expectations for new hires who need to know everything from print, web, video, social and animation. Can you do it all?

like

How is work life balance at Tredence? Any input on culture as well please

What’s the most fun and interesting analysis you’ve done or been a part of in the last year?

Additional Posts in FIRE Financial Independence Retire Early

TC New grad Software Engineer
Base: $110k
Sign-On: $35k
RSU: $120k/3years
Relocation: $20k

Starting fresh with virtually $0 savings and $0 worth of financial literacy, whats the best course of action? any advice is greatly appreciated!

like

im 27 and could possibly retire if I kept my spending low. However you never know what’s going to happen, do you? How do you deal with the uncertainty?

like

Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

like

For any real estate investors

22 years old and currently focused on using my left over income to invest and pay off my debt. I am set to pay off my college loans by next year and, when I do, I want to look into investing into real estate. Does anyone have any suggestions on how to get into/learn more about real estate investing? Or how I can have enough knowledge on the topic to be able to invest wisely when the time comes?

Any books? youtubers? etc. How did you all learn about it?

like

Did ok on a real estate investment and will have around $200k net to reinvest. Looking for opinions on short to mid-term investments for consideration. Moderate to high risk tolerance. TIA

likehelpful

The unending cycle is for real. Reached my LeanFIRE number 2 months ago, yet I don’t feel satisfied. Still reaching for the stars… when will this human desire end?

like

Comment if you claim this coupon code. I’m not going to use it.

Post Photo
like

Have 20k, what’s a good small business to start with this fund? Serious question here

like

FIRE - What is your total net worth so far? What's your profile?

like

I consolidated grad loans in ‘15, kept federal separate from private (w SoFi @6.75%). Can I refinance w SoFi or w Earnest? Should I combine the federal and lose the protections for better %?

Realized my savings account interest rate is now higher than my mortgage rate. No way I pay that off early. Eat your heart out Dave.

likeupliftingfunny

I contribute 10% of my paycheck to my employee share purchase plan. Is this smart to do given the tax repercussions behind it? Is it smarter to invest less in that and more in my Roth or 401k?

like

Should I lump sum $150k into the market or DCA? Just looking to grow the money, no other short term plans.

like

I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

Finished Rich Dad Poor Dad and appreciate the emphasis on creating alternative cash flows (vs. just income). Does anyone have book recommendations on creating wealth? I've focused heavily on income + 'safe' investing, but intrigued to learn more.

like

Currently 23yo with $65k in cash and $14k in student loan debt. Not sure what the best course of action is. What would you do?

like

What is your socioeconomic background and how much NW do you consider “enough” to be able to live comfortably?

like

Sooo AMC.. who’s in?

😂

like

Trying to help my retired dad - When I google for what to do after retirement, only retirement planning related things shows up. My dad has been a workaholic and hasn’t developed many hobbies he could pursue. I was wondering how I could help him stay slightly occupied if not busy. Anyone here experienced this with your parents or yourself? How did you navigate this?

like

When do you predict the dip? I've been waiting for so long, but don't want to buy now. VTI seems inflated.

likefunny

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