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What are the bands at sigma healthcare
Hi everyone!
Debating between an offer from 200 employee company vs Zoom (the company).
The smaller company has good benefits, great wlb and a great culture per Glassdoor reviews. But its an HR software and not easy to sell.
Compensation is similar.
Never worked in a big company like zoom before, what are the pros, and the drawbacks?
Zoom
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You should be able to invest in an IRA and convert it to a Roth IRA after a week if you have income limitations. You’ll get the tax benefits of the ROTH going forward
That’s saying that you can’t contribute more than a certain amount to your IRA each year.
If your income exceeds a certain amount, you can not have a Roth IRA but you can have a normal IRA
Why would you contribute to a IRA if you don’t get the tax benefit? Why not just invest in other mechanisms that don’t have limitations
TD Ameritrade. Mostly comprised of rolled 401(k)s from prior employers. 100% invested in VOO.
I use Wealthfront
Fidelity with 100% invested in IVV
Isn’t there an income limit?
Income limit to have a Roth IRA, no income limit to have a normal IRA
I believe that’s only for Roth IRAs (after tax dollars), but at the analyst level you probably wouldn’t have to worry about that anyway 😉
Really? I’m confused by this site then...
https://www.fidelity.com/retirement-ira/contribution-limits-deadlines
Great thanks. Really need an accountant lol
^ why wouldn’t you get the tax benefit?
Most people in this fishbowl won’t get an immediate tax benefit from an IRA. If you make over a certain amount of money, and have the ability to contribute to a 401(k), your contributions aren’t tax deductible. However, they’ll still grow tax deferred until you pull out the money once you retire. See the article in the link below.
https://www.thebalance.com/non-deductible-ira-contributions-2894488