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Has anyone moved from Accenture Federal to CGI Federal at Manager/Senior Manager level? Looking at Strategy/Organizational Change Management roles, and curious to know if you feel that compensation and benefits were worth it when measured against your actual experience once you started working with CGI. (I understand that some of it depends on the account you're on, the team you have, etc., just trying to decide if it's worth considering.) Thanks!
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Roth contributions don’t impact taxes - that’s the point of Roth. you’re contributing post-tax income, and you take no deductions. The benefit comes when you retire and draw earnings tax-free. If you do a personal IRA, you can only contribute something like 5500 per year, or whatever the cap limit is.
Yes. Roth characterization of 401(k) contributions does not impact IRA. Contribute 5500 before 4/15/2019
@OP I would just put that 10k in an investment account. There’s literally no point to putting it into an IRA and taking away your rainy day fund. You can gain capital appreciation and dividend income in a traditional investment account
@kpmg2 Yes there literally is a point to an IRA, it’s tax advantaged and brokerages are not?? Do you even account bro?
^^^ what they said. $5,500 is the annual max for 2018, no impact on your taxes, super easy to set up via fidelity or schwab or vanguard, you can do it online and invest in a market index fund. Roth 401k and Roth IRA are completely separate things
I have a Roth 401k but I thought if I put over 5500 I wouldn’t have be able to start a Roth IRA. So both my Roth IRA and 401k gains won’t be taxable when I can withdraw penalty free 30+ years from now? If so, I’ll contribute 5500 to a Roth IRA before 2019
Yes if you say at or below the threshold of 5500 for IRA and 18500 for 401k “ no Uncle Sam”
Yeah I would do it for the tax advantages, but I did put 11k into Roth 401k this year so I’m in pretty good shape. Both aren’t necessary as what I care about is the long term growth and not paying taxes. I can use the other money for short term investments or something like fundrise