Related Posts
Pro
Deloitte KPMG I have been offered the position of consultant in the FRM team with KPMG and my fixed compensation currently is 10lpa whereas they offered me a fixed component of 12.5lpa. The CTC is surely more owing to increased PF, gratuity, income tax and other insurance benefits. However I feel the salary offered is too low for the level of work they expect. They even informed not to expect work life balance in the team. Please suggest.
More Posts
Hi Fishes
My last working date is 18 Aug and was ready to join Morgan Stanley by 22 aug but in the offer letter present on the taleo website it's given as 22nd Sep,
HR told me it's normal so do they send a revised offer letter with new joining date after the background verification is completed?
Or something on the mail for revised joining date?
Conversation Starter
Additional Posts in Law
Pro
Rising Star
1. Get private health and disability insurance
2. Build an emergency fund equal to 6 months of your total expenses using a 6 month CD ladder.
3. Build a budget based on your current income and expenses. Take the time to make sure it’s complete and accurate. Take a hard look at your expenses and cut or reduce those that cost more than the enjoyment you get out of them. You will be shocked at how some little expenses aren’t little at all over a month or year.
4. Fine tune and focus on eliminating any debt you have by paying off high interest loans and refinancing at a lower rate, if possible.
5. Once you do the foregoing stick to your budget and save your net income in a retirement account and then in a non-retirement accounts. Put in place a plan to save at least half of your annual salary by age 30. Use conservative return assumptions, like 6%. If you’re not saving at least enough to hit that goal much you need to revisit your budget and either decrease expenses or increase income. A fee based financial advisor is important and will both improve your returns and spare you brain damage.
6. Buy a home as soon as you can. Try to make it a place you can live for a long time.
7. If/when you have kids start saving immediately using a 529 plan for each one.
8. Live below your means and avoid the temptation of golden handcuff items like fancy new cars, fancy clothes and watches, etc. get used to being comfortable but avoiding opulent tastes and habits that will make you feel good for 5 minutes and poor the rest of the time.
No joke, find a different job.
This.
You should be saving no less than 5% of your paycheck for retirement. Since employer is not matching 10% is probably better. If you are over 30 15%+ is the range you should be shooting for. Would recommend finding a financial advisor a lot can factor into long term savings goals.
You may not qualify for a Roth IRA if you make income above a certain threshold. There is a thing called a “back door” Roth you may want to look into.
It’s really lame that there are attorney positions that don’t offer benefits.
Look into a Roth IRA. Great way to start.
Thank you.
Looking for a new job with better benefits should be step 1
Finding a new job?