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Amex offer-Manager-Risk Management.
Base: 30.5 LPA CTC: 36.5 LPA Experience: 5.2 yrs College: Tier 1
Current Profile: Senior Data Scientist
Amex people thoughts on this offer, as I have recently(4 months back) joined a startup with Base(33) and CTC(35.5) but not enjoying the work here. Amex brand tag and culture is good.
Hence, considering the offer, does this offer look good or is there any scope of improvement? Amex American Express
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After 2 rounds of interview (1 hour each) , Deloitte usi hr is telling me that due to organisational restructuring the offers are on hold. Got a salary discussion call last Thrusday (no pre hire survey) . Last working day in a week. Any suggestions? Cloud Data engineer CBO unit Deloitte Deloitte USI
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When you move assets to a new 401k plan you are bound by the investment options they have...which may be better or worse.
The best option is to rollover an old 401k to a Traditional IRA with an investment firm that offers a wide array of investments...MFs, ETFs, stocks, bonds, etc.
Vanguard, Fidelity, Schwab are top choice, but there are others. Consolidating your banking relationship with one firm you like will keep your management of everything easier, clean, efficient.
Pro
Rollover to an IRA. That’s what I did when I changed employers. Much better investment options than I was getting in my 401k
Remember if you don't have an IRA, rolling over to one will make you ineligible for backdoor Roth. I decided to keep my old job's 401k where it was to keep the option open for me
Meaning if you are above the income threshold to contribute to a Roth IRA, you can put post tax money in a traditional IRA and immediately convert it to Roth to get around the rule. If you have other money in a traditional IRA it get converted on a pro-rata basis (basically proportional) and you'll get taxed at your income tax rate.
Keeping it in a 401k and out of a traditional IRA prevents having to worry about that.