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Hello, what is working in retail banking like at JPMorgan Chase ? Specially the branch manager role. I’m looking in the Columbus area. How is pay, culture, benefits, sales environment, meetings, etc. How easy is it to transition from retail banking to corporate. I hear the Polaris campus has great opportunities, I was thinking about getting my foot in the door through retail then transferring to corporate ?
I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.
In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.
I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.
Also, what can I do to pay less taxes? Any help on that?
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Fishes, OK so this is true. Wipro is delaying the joining by half a month due to some restrictions or organisational changes & not ready to compensate for that half a month loss of salary. Very rude & absurd behaviour from them. Hence rejecting the offer as such company if u aren't sure when to ask for joining u may revoke the offer letter later on. Hence multiple options in hand is necessary nowadays. Infosys Tata Consultancy HCL Technologies
S&P Global Hello Fishers! Need your suggestion, which company to choose!
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IQVIA - 12.37 LPA Fixed+ 1 LPA Variable Tech stack - SQL+ Exel+ Tableau+ Python Guys need your help & suggestions. KPMG Deloitte Accenture EY PwC Paypal JPMorgan Chase Goldman Sachs Bank of America SAP Siemens
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Worried about inflation?
The U.S. Treasury’s Series I savings bonds have a 3.54% interest rate that will only go up as prices rise.
https://www.bloomberg.com/opinion/articles/2021-05-20/personal-finance-series-i-u-s-savings-bonds-offer-inflation-protection
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Generally if you think you will be in a lower tax bracket when you withdraw the money than you are now, traditional IRA would be better. The difference between IRA and 401k is that IRA has an income limit above which you get no deduction for traditional IRA. At that point traditional IRA is worthless. Also there is an income limit above which you can’t make a direct contribution to Roth IRA and need to use backdoor Roth IRA. The problem is if you have a traditional IRA balance, you would pay taxes doing backdoor Roth IRA. My suggestion is to just do Roth IRA. The other alternative, if you use traditional now is to roll your traditional IRA into your 401k is you get to the point of needy to use backdoor Roth IRA
Yeah use the Roth IRA before regular brokerage because you can pull out principal without penalty, and you can use principal + $10k gains to make your first home purchase as well
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If you are maxing your 401k, you will get no tax deduction for a traditional IRA so you are better off going Roth since it’s post tax dollars anyway. If you are above the income limit you can use a backdoor Roth since it sounds like you don’t already have a traditional IRA balance.
I would highly consider opening a HSA if you are contributing to a HDHP. Triple tax benefits. It’s the best vehicle out there.
You could also do Bonds (9% rate and can contribute up to 10k per year)
I would recommend saving outside of just retirement, so that way if you get to your retirement savings goal early enough, you have the ability to bridge the gap between whenever you retire from work, and whenever you can actually tap your retirement assets