I hadn’t worked at Accenture too long, and recently resigned (3 months ago). I don’t have much in my 401k from my time, but would like to just withdraw the money I had saved. Do I deal directly with Morgan Stanley in this case, or go through a process via People Line?

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

If it is the 401k you go to Alight. I highly suggest you roll it to a IRA or your new employer. The 60 year old version of yourself will thank you

like

Why not roll it over to another employer or an IRA

like

C1, you will lose a significant amount of money in tax penalties. Do not withdraw that money.

like

If you withdraw the money and are under the age of 59.5, you will pay a 10% penalty and have to pay income taxes. It is more typical to just roll it into an IRA.

like

C1, if you want to proceed with the withdrawal, then contact Morgan Stanley directly

like

Dumb question on this, but is your only intention that you are going to withdraw the money and spend it?

Just an FYI, it would be cheaper to get a HELOC versus the 30% you are going to pay the government on this.

likehelpful

See if you can qualify for a hardship withdrawl before a traditional withdrawl. As everyone mentioned previously, a rollover is far preferable and your older self would thank you

Related Posts

For couples who are not married yet - Do you guys talk about net worth, income, or anything even finance related? I know my SO earns more given his current industry, but thinks it’s rude to talk about those things. But I’m wondering… isn’t it normal for couples who live together or are married share those info? For example - How am I going to know what to pay for our child’s education in the future etc?

likefunny

Been looking forward to the stock market to come back to earth for a long time. What should I buy

like

Are there any tax benefits from working from home?

like

Don’t mind me here as an international student just sitting here with my bucket of popcorn watching you all bicker about student loan forgiveness

Post Photo
funnylike

House flip question

Hey all newbie here. My husband and I are living that Double Income No Kid life wanting to (Financial Independence) Retire Early.

Both in tech in the Bay Area. I’m in Arizona visiting family and am thinking of an investment property. Does anyone have a book/course/video that they personally have used and recommend for flipping houses? I want to do some research there’s a lot of content out there.
Thanks a bunch!

like

Has anyone successfully “ported” their mortgage? Just learned about this and doing some research since rates are so high now. Current rate is 3% and new home will be more expensive, for context.

likesmart

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

like

This might be philosophical but wanted to understand if we should get satisfied and be happy with what we have or keep striving for more?

Reason I am asking this is - I earn close to 1.5 lakhs every month and if someone had told me this during my college days I would have taken it eyes closed thinking this is more than enough. But today, I am not able to be satisfied and I don't want this to become an affliction so thought to share with others here and get to know the general sentiments.

like

I max out my 401k and I have a decent emergency fund. I want to keep saving. From what I’ve been reading my next steps are an IRA and then a brokerage account. Questions:
1. How do I pick between a Roth vs a traditional IRA?
2. Once I hit the max of $6k - only then do I focus on brokerage account?

like

If you had to guess when oncycle will be, what would you say? I’ve heard funds were disappointed by participation rates and quality last time, so I’m curious to see if they can show enough discipline to wait this year.

like

Have 50k in brokerage to put towards buying a place in Atlanta. Young 20 something who's lease is ending soon

Roth IRA and 401k are well funded but don't want to pull from there.

Should I buy and rent the extra bedrooms to friends, or stay renting and put savings in stock market?

like

Thoughts on buying pre-construction homes in markets that are popping and flipping selling them when construction is complete?

My uncle does this (he’s a realtor) and usually gets 2-3x return. Obviously there is huge risk because property prices can change a lot in 1-2 years, but at the same time the upside is hard to ignore.

Anyway I protect myself against the downside risk? (other than loosing my down payment)

like

Can I save tax by buying second house if first house is already in my name?

Amex Platinum or Chase Sapphire?

like

International stocks are doing terribly. How do you stick to your plan and continue to buy you allocation of international stocks when it's tempting to go off plan and buy a bit more US?

like

When investing liquid cash long term do you all work with an investment advisor or do it yourself? Just got off of a meeting with J P Chase investment advisor who is essentially going to invest my money into a bunch of their own ETFs, S&P500 and some fixed assets. Wondering if it’s paying them 1.5% fees to do it or should I invest time and do it myself.

like

I work in sf and Nyc and have now saved enough where I’m wondering if it makes sense to buy rather than rent an apartment as an investment. Tricky part is I’m still quite young and this wouldn’t be my lifelong/family home. Have also considered buying in less metropolitan areas and renting them out for passive income. Curious if anyone’s gone through this process before and have thoughts ?

like

Anyone have any tips or ideas on how to collect money owed from a client? In a few months it’ll be two years since the debt was incurred. We send monthly reminders of the bill. It’s a significant amount (well to us) and the client is now starting to open up and telling everyone about the situation that we helped to resolve.

like

Inflation check @9% 🫡

like

This might be a question other people would have asked but can these 100+% APY be trusted? What's stopping people from jumping in on these high staking rewards? I'm aware about the large amounts of gas fees but if we can figure out an amount that helps break even in a couple of months, are there any other factors to be wary of? Would appreciate some advice.

Post Photo
like

More Posts

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

like

Has anyone successfully “ported” their mortgage? Just learned about this and doing some research since rates are so high now. Current rate is 3% and new home will be more expensive, for context.

likesmart

Best in house counsel gig for a real estate attorney? 4 toe

like

How on earth are you guys getting into these AMD calls for 5/1? The theta is scaring the devil out of me. I almost went with the peer pressure yesterday and then backed out (I am bullish in AMD)

like

What are effective ways to ensure your team feels content within the workplace? There is a rise of many people feeling undervalued and not cared for as an employee. I would like to change that. No matter the job, no one should feel less than.

like

Can anyone share what are the usual components of a flexi benefits basket and to what max amount can you utilise them.
Eg. Communication fuel etc

like

I am from Oregon I have been at my place of work for 9.5 years. I am a CMA. With this company I have been a Lead MA, Scheduler, Float Lead, surgery assistant. Basically the go to girl and been there done that. Currently I am Mohs Hisotech. I went to go ask my company for a rise and was instantly denied before I could ask for a raise. I make what I need to make. I make $28.78 and I know others make $30-$31 within the company. What should I do?

like

Hi,

I wanted to know if in Google India offices, do people get to work on projects like Machine learning/ Deep learning in Healthcare? Like for example Dr. Lily Peng is working as a Product manager for Diabetic Retinopathy diagnosis with ML.
If anyone from Google can throw some light on this, that would be really helpful.

Thanks!

like

Hi Fishes , I am looking for Job change
I have 6 years experience in Order to Cash profile

like

So, lay off until the pandemic blows over.

like

Are there any onsite opportunities in nagarro

like

Anyone working in appdynamics??

like

Anyone willing to refer to Abbvie?
Please dm me.

like

Do cover letters matter at all anymore?

like

Passed all four with one day to spare before two fell off. 🥳 best of luck to everyone

likeupliftingsmart

Can science and religion coexist together? If you are religious, how do you handle intersections between the two?

like

Thoughts on $50k for a visual designer in NYC?

like

One of my coworkers has withheld information that's important to my research because of a personal conflict we had. Should I speak to management or is it his right?

like

What is the realistic shot of getting off HBS waitlist? Does anyone know what those numbers look like?

like

We are so close. Final stretch. Let’s go 🔥

like

Additional Posts in Accenture Strategy & Consulting

How does the referral system work? Should I apply from the website and then ask for a referral or is there a chance to ask for an employee to refer internally? Would the latter option be considered ahead of the first option?

like

At what level does Accenture offer RSUs as part of comp package?

like

Acn folks who have done the ey tax chat service. I started the process but have left the firm and can no longer login.

Who can I reach out to about this?

like

Can someone explain what’s a culture day and how do you take it?

like

Currently 1 YOE tech consulting at Deloitte looking to make a hop to more strategy type roles and came across the strategy analyst development program- 1. is this only for fresh undergrads from specific schools or would I be able to apply? 2. What’s the compensation at this level? (worried I might have to take a pay cut). Also would appreciate any remarks regarding the program in general. Thanks!

like

Anyone know when we get our bonus as a new joiner?

like

My practice in S&C is transfering to SONG, effective September 1st. What is the likelyhood of getting f* from a compensation standpoint ? Zero chance that I put SONG on linkedin 😩😅

likefunny

When do you think we’ll have to come in to the office or start traveling again? Prefer to wfh for as long as possible lol

like

Curious what the salary level is for a Sr. Manager at Digital Finance team. Not sure what L4 or L5 is but I see job posted at Sr. Mgr level.

like

Looking for details on the Analytics Advisory Specialist role… salary, work/life balance, growth, etc. please give me the scoop!!

like

Any insight on the growth opportunities, learning, work in data science in the Applied Intelligence India team?

like

What is the firm per diem for accenture strategy? You can spend this on travel engagements ?

like

😇 word on street is that we are all getting pay increases next cycle

like

Can anyone tell me about the ACN marketing operations business unit? I’ve been reached out for a role there and would like some intel about the organization. Thanks in advance!

like

what is the IPT group in Accenture ? and how is it different from the market units in terms of compensation and career growth ?

like

What is the salary range for Enterprise Agility Manager- Technology Strategy & Advisory?

like

Does Accenture give any extra days off as a result of COVID-19?

like

Accenture 🐠, anyone willing to provide a referral to Business Process Architect role in Dallas? I will PM my work experience and qualifications if anyone is willing to chat! TYIA

like

What’s the average salary for a Federal Accenture Analyst

Hi team. Hope you all are well and safe.
I will be joining Accenture in two weeks, want to get some understanding on the current policy on remote work and return to office date if there is one.
I am currently in Seattle, WA, USA.
Thank you!

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

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