I have separated from Deloitte after six years of service, so understand I am vested.

Any suggestions between taking the lump sum payment vs holding for the actual pension payment? Curious to hear your thoughts.

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

This is a total FVM conversation...if you can roll it into an IRA stick it in a market ETF and calculate an avg of 11% annual ROI until you retire..Rule of 72 says the balance should double every 6.5 yrs so it could potentially quadruple before you retire. Compare that with your pension benefit at that same time and choose the larger

like

I doubt Deloitte has risk about not being there but “airbody” thought Arthur Anderson was good before the Enron bloodbath. I would think that’s a possibility. At the end of the day unless you face a tax liability, be in control of your own $$$

If you wanna provide specifics we can nail it down in less than 5 min; round numbers works

Got it; thanks! I will receive the details six months after separation from the firm, so another five months to go. When I receive the specifics, can share that too.

But while I wait, I was curious to hear anecdotal experience of other folks who also had same option of cashing out pension amount. Thanks!

Lumpsum

Could you please explain your reasoning? I am just trying to understand it. Thanks in advance!

I rolled mine from EY into my 401k - if you take a lump sum I believe you have to pay taxes

If you move it into a 401k you limit your investment options

Related Posts

Little worries here guys - not able to transfer to Bittrex. Tried from Polo and Jaxx (cold storage). Transaction looked like it was going thru from Jaxx then seemed like it failed. ETH appeared back in Jaxx account and no changes to trans history...thoughts?

Late in the game with buying crypto. Single but with limited savings with which to splurge. What is a good price point during a 'dip', and which 'stock' is best in my situation (LTC, BTC, ETC, etc.?)

like

Hi fishes ,

I received an offer for senior manager position in PWC .

Can you please let me know about the health insurance coverage as it is not mentioned in offer letter.

Please also inform if parents can be included in health insurance provided by PWC.

like

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

like

US Lawyers in London: how are you doing your taxes in US and UK to avoid double taxation? Do you use an accountant?

like

Anyone willing to share thoughts on National tax- unclaimed property at EY?

Received an offer from EY but didn’t find enough information to get to know about it.

like

Currently I pay $1900 for a brand new & modern 1BHK in the Greater NYC area. Moving to SF later this year. Any recommendations on how much to budget for SF? Will be working in Downtown area & currently got a car. I am little bit divided on whether to sell the car or move it to SF.

Looking for a good neighbourhood and ok with 30 minute commute to work.

like

How to change bank account to receive salry I currently have HDFC want to change it AXIS

Are there any weekdays off at PwC for July 4 weekend? Starting at the firm in a few weeks but my benefits paperwork doesn’t outline the 12 paid holidays.

like

Good morning!

Still trying to figure out this whole Fishbowl thing, so here goes my first post.

I would love to get into provider credentialing, but all employers I've looked at want at least 3 years of experience. So, I'm looking at Provider Network Coordinator roles, because I'm finding some of those roles don't need AS MUCH experience. I'm a RHIT, and have been working in healthcare for nearly 10 years.

Any input on employers is appreciated!

like

Can I move to Florida the month my bonus hits and not pay any NY State tax on it? Or would I just declare that 1/12 of the year I was in Florida and get the pro-rated refund from NYS on my overall Pay

like

I love teaching art but am having to teach remotely to 1150 kids, k - 5. Have about 54 amazing elementary art teachers in my district that share SO much! I could retire (34 yrs), but just don’t want to because I love what I do! Feeling like my students aren’t getting what they should because I am struggling with Zoom, Microsoft, safe YouTube, bitmoji, embedding, downloads, editing, etc. Anyone else feeling this way?

like

Does Genpact provide any bonus other than APB ( annual performance bonus) for CGLRH ( Consumer Goods, Lifesciences, Retail and Healthcare) vertical?

What are the different learning platforms available for employees? Can we get reimbursement for certifications etc.?

like

Anybody know of where to find practice healthcare case studies for interview prep?

like

What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

Post Photo
like

Why don't full time professionals joining ACS (Adobe Consulting Services) in Adobe India get stocks?

Whereas, a lot of other businesses get stocks + bonus in their offers. Someone willing to share about ESOPs?

like

Anyone ever have experience negotiating a new offer to include unvested 401k match and stock grants from your current employer? I hate leaving money on the table but there are some good roles out there. I’m not fully vested in my current 401k yet and my stock grants haven’t matured yet either. This would be at a global director level.

Fixed ctc 2435000 Lpa with gratuity 3.5k pm and pf including both employer and employee 16k pm. Any estimated what will be take home pm post tax?

like

What are your experiences with buying or selling homes on leased land... Is it really a secure investment, or could they just take back the land whenever they wanted?

like

More Posts

I've interviewed 2x last year with Google but didn't find a fit with the role. Recent promote at work who's positive and gets shit done, would appreciate a referral so I don't bug my other friends again!

TIA, just know I'm really grateful.

Google

Currently preparing to take the principal and superintendent certification tests. Are there any suggestions for great leadership books or pd for actual day-to-day roles/interactions?

Thoughts about going back and forth between agency and in-house? Is it a good/bad idea? Is it even possible?

like

Does anyone have experience being a JD/MBA student, and being hired on as a 2nd year after graduation for salary purposes? Or is that just a rumor?

like

too ambitious to seek a 1-bed EV / stuy town on 100K ? If you have a success story please share (or send BK recs)

like

Hi everyone. I am thinking of making a move to the UK and looking for opportunities in audit firms. I have almost 3 years of experience as an audit semi senior and currently an ACCA Affiliate (will become a member in 5 months). Would appreciate any help or guidance.

like

I have 20 days of notice period remaining.
Which companies (preferably product) should I try for, where the process can be completed in the remaining duration.
Current offer: 33
YOE : 7
Tech stack: frontend (react)
Average DS/ Algo skills.

TIA

like

Is it true that comp changes at some top consulting firms depending on how well your bschool is ranked?

like

I got laid off but due to the WARN act, I am still on the payroll for a while. If a background check is done to look at employment history, do they see my official working end date, or the day I am off the payroll?

like

Hi,
I have been working as A business technology analyst for almost 2 years now and wanted to start learning data science.

I am not sure how much time will it take but wanted to ask y'all where I can start and what would be the right way forward without much impact on my ongoing work.

Genuine answers only.
TIA. :D

like

Hi all, I have 3 years of experience in project management and looking for new opportunities.

Heloo fishes, Which SAP module have better future opportunity- SAP FICA or SAP BRIM?

like

Hi 🐠,

I have recently joined Infosys and they have put me in a project where I will be the only guy working in the team and the team lead is at the onsite location. Are such projects good? Because I haven’t worked like this anywhere before.

TIA :)

like

Hi..
What is the hierarchy structure - Senior Software Engineer, Senior Specialist, Consultant, Senior Consultant? Are they all in E2 band?

like

What's the income ceiling for sales engineering?

like

I am Sr. Software engineer with 9 YOE and proficiency in PHP, Codeigniter, Wordpress, Drupal, Html, CSS, Bootstrap, JavaScript. How much package should i have with these skills and experience? Please let me know if anyone has any idea.

26 F Gujarati, looking for someone in Chicago!

like

So who is in office today? Pls share your experience..

like

Additional Posts in Personal Investment Chatter

Will markets jump upwards the day Putin dies?

like

After figuring out FI/RE I am less motivated.

likefunny

I don’t get it: Why would anyone invest, for example, in a 6% dividend yield etf with a 0.50% ER (ie EMHY) instead of a 9% dividend yield etf with a 2.5 ER (ie YYY)? Wouldn’t you still be getting better results with the expensive one?

like

Fishes honest opinion needed. Me and My so presently live in Arkansas, living in our first home with a child 4 year, both of us recently changed our jobs and have HHI ~ 420K, current mortgage 1600/month. We are looking to move to Dallas and thinking of buying a house ~996K with a 15% down. Questions -
1. Should we go for house of that budget? We can afford, but asking based on market.
2. Should we down 15% or just 5% ? Or go for 20% ?
*Getting a rate lock 4.25% 🤞🏼

likehelpful

Are you a “Prodigious Accumulator of Wealth”?

N = 10% x (Your Age) x (Your Salary)

If your net worth is 0.5N or less then you are an under accumulator; around 1.0N then you average; 2.0N or greater then you are prodigious.

This is the millionaire next door formula.

likehelpfulsmartfunny

Anyone have a good online calculator or way to adjust their W-4 towards the end of the year so they don’t get slammed with a high tax bill? I know I’m too late for 2020, but curious for next year...I got slapped with a 6-figure tax bill last year. 😑 My wife and I made adjustments to our 2020 W-4s, but afraid it wasn’t enough.

like

Getting about $2200 back from Federal and $1300 back from NY State. Claimed 2 for both last year and having 2nd kid this year. Should I bump to 3 or keep as is?

Any any one here created irrevocable trust? If so what are the annual expenses of maintaining the trust? How hard is IRS paper work

like

Need help on how to invest. We are positioned to pay off our house later this year. Expect to work for another ~20 years. 401k fully funded and have some company stock investments maturing over the next few years, but no investments outside of that. Kids have a prepaid college plan for certain schools. Emergency fund is solid. Where should I look to start investing? I have fidelity for my 401k, would they be good to open a taxable investment account with, or are there better options?

likehelpful

I started a small LLC on the side. My company is getting it's first client this month.

Wondering if any 🐟 have recommended resources on setting up initial consulting business thru an LLC.

Books, websites, tax strategies etc.

My LLC is already incorporated, but looking for guidance with the next steps (creating contracts, invoices, etc)

likeuplifting

Can’t find the bowl for this but quick question -
What are some credit cards like the Apple Card that don’t have any physical numbers on them?

I like the Apple Card and considering opening one but want to see if there are better alternatives. It’s enticing that if I lose my card, I can instantly change the number so someone can’t use it. Plus no numbers means someone can’t randomly make a large fraudulent purchase.

like

Recently received 30k and wondering what to do with it. Not yet a homeowner but also not sure if we’re ready to buy anyways. Have a young baby. Any advice on how to figure out best use?

2022 - How are we becoming millionaires folks? What are legitimate (not MLM, drop-shipping, affiliate marketing, Facebook ads) ways to make money besides our primary incomes?

For me: It’s credit spread {options} trading. That is the only one single thing that has worked for me.

likefunny

If you invest ur HSA funds into stocks, do they get taxed upon selling? I know they grow tax free. But if I sell them and not make any withdrawals, wud I be taxed?

like

I’m 25 and have found a duplex I’m considering purchasing as a rental property. Planning on renting both units and have the cash to make the down payment without an issue. My cash flow analysis has a payback period of 3 years for my down payment and a 13 year payback period for the whole investment. I think financially it makes sense. My question is, is it realistic for a 25 year old young professional to handle dealing with all the extra curricular’s that come with owning a rental property ?

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Big legends Guide to Three-Fund Portfolio. Yay or nay? Additionally, please share personal finance books that you recommend to newbies! Thank you and happy holidays!!✨

like

Is there any website to get a template for decent/basic contracts (i.e. leases, purchase agreements, partnership agreements)? I want a base to start, without having to sign up for a free trial and then get hit with a bill when I forget to cancel...

like

Why is Oracle buying tiktok? seems utterly far stretched away from oracle’s current business model

Post Photo
likesmart

Used car prices starting to come down?

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