I will not be eligible to participate in my company's 401(k) until after 1 year of employment. With that being said, I was interested in investing in a Roth IRA. Is this possible if I am a single-filer than makes more that $144,000? I need to invest in a retirement plan. Help me please as I plan out my 2022. Thank you!

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

If you have no traditional Ira balance, do the backdoor Roth IRA if you think you will be over the income limit. As of now it appears that it will still be allowed next year.

like

Very weird to not be able to invest in 401k since day 1. Are you sure the rule isn’t that they won’t match until you have been there for a year?

like

Related Posts

Hi All, I am an automation tester (Selenium+Python) having experience in API testing. I am looking for a change. How much salary can I expect?
Current CTC- 2.8Lpa
Yoe-1.5+
Eagerly waiting for your comments.

Anybody have experience w a ski erg. Thinking about getting one to compliment my rower

Does anyone know what A2s make in SF? Trying to see if it’s worth a move. Thanks in advance.

Hi,
I got selected in Nesh Technologies, Chennai. As an iOS developer
I would like to know more about company and work culture. Anybody knows about the company?

like

This is probably a long shot but I’m looking to build a connection with someone who’s somehow related to general surgery residency programs in Houston. PGY 2 looking to relocate there for family reasons and would like to ask for an advice. Thank you

like

Hi! I'm looking to transition into an experience designer role after being a backend dev for the past four years! Feel free to connect if you know of any open roles at your current company 🤗

like

Hello,
If possible could anyone please refer me in Apple.

like

How much KPMG offer for a Consultant position? KPMG EY Delloite PwC

like

If anyone is interested in taking a summer trip to Myrtle Beach from 7/29-8/5, I am renting out my timeshare with Marriott's OceanWatch Villas at Grande Dunes. This resort is right on the beach and offers many fun activities for the whole family! The two-bed, two-bath condo has a fully furnished kitchen and can fit up to 8 people. I am ideally looking for someone to rent it out for the entire week for about 3K total. Message me for more information!

Post Photo

DM if interested.

Post Photo
like

Does anyone in here participate in a 529 for their kids? Is it true that you can deduct contributions from your state tax? If so? Is it 1:1? Trying to decide how much to contribute for maximum tax benefits. TIA!

like

Good book recommendations on the basics behind M&A deals and the DD process? Asking for a friend who is looking to start a search fund and has operational experience but no finance.

like

Never been to DC before so does anyone have a good golf course recommendation?

like

Have any remote workers decided to work from abroad? How is it going?

like

Any junior roles opening up in chi town?

like

Urgent Hiring:
We need CS specialists with 7+ years experience in supporting customers over the phone, email, chats and cases.
Key skills: Strategic thinking, Time management, Ability to handle escalations, Team Work
Special consideration to those who have experience on Salesforce, Marketo, WebEx, Crowd Compass.

Working Hrs: 630 PM to 330 AM fixed with Sat Sun off.

Please DM to apply today.

like

Scenario: A person with 13 YOE had 40 lpa fixed + 10 % bonus total 44 lpa ctc salary in her company. She switches to Infosys at a salary cut due to location constraints and was paid 40 Lpa ctc (only 32 fixed and 8 lpa variable out of which only 50-60% is paid). While in probation period in Infosys, she receives a permanent wfh opportunity from a small but fast growing company at 45 lpa fixed. So overall benefit she has is 45-36=9 lacs. Should she leave Infosys and join the new smaller company?

like

What are some good resources for preparing for Google interviews? Share links below.

like

Have any July PERM filers began to hear back on their application?

like

Electrical & mechanical engineering interns needed for our SF office. DM to discuss a potential referral 🚀

like

Additional Posts in Personal Investment Chatter

Does anyone have experience adding authorized user to a fidelity account?

like

Has anyone invested in real estate using Lofty AI or PocketProperties? It seems like a good way to dip my toes into real estate - the minimum amount is $10-50 and I would benefit from receiving rent payments proportional to ownership and appreciation in value.

like

Hey all! I would appreciate some feedback on my investing strategy: I want to buy QQQ3X when QQQ goes below 118$. I believe a major market reversal (a crisis) should take place in late 19 or (cont)

Any thoughts on where AMZN will be priced after the Q3 earnings call?

funnylike

If I get a new job in New York but only move in august, would I be able to avoid state income tax for all of 2021 income given I spent over 6 months in Florida ? Have lived in Florida for all of my career thus far.

like

I haven’t used my credit cards in years. They may close the cards unless I make some transactions. Shall I continue to keep these cards?

like

Anyone use composer.trade? Seems intuitive enough but lacking some fundamental features.

like

How much do you take home after tax and maxing pre tax 401k while making 144k? Not sure if I'm doing something wrong with my withholding. I'm married filing jointly withholding at a single rate, 1 federal and 1 state. DC location. I'm only taking home $6k a month.

like

What are you doing with the money you are saving right now?

like

I am looking for reliable property managers that help with buying and renting investment properties in the following cities. If you have had a good experience with any, please share.

Boise, Idaho
Atlanta, Georgia
Dallas, Texas
Orlando, Florida

like

Newbie question: why mutual funds over ETFs? I've learnt how each work but curious to learn from experienced investors here why one would pick funds over ETFs

like

Is it wise to hold 80-90% of your money in index funds?

like

I make $140k in New York. Should I invest a Traditional 401K or a Roth 401K or do a split?

like

Has anyone traded pre-IPO stocks on the secondary market? Eg Equityzen? Any experiences?

like

On personal Capital, how many of you add the value of your car to your net worth

like

Is there any way to make pretax contributions to a retirement account outside my employer plan if:

1. My employer offers a 401k plan

2.) Im over the income limit

Here’s my situation; I left a higher paying consulting position for a lower paying position (better WLB). When I left consulting, I got paid out for my PTO, and I received a signing bonus with my new company. I expect my income will be significantly higher this year than it will be for a while. I know I could … (see comments)

like

I have $40,000 in savings and 0 debt. Looking for additional sources of income, how can I get started in real estate? Do I need to save more? Currently renting an APT.

like

Looking for recommendation - books, blogs, podcasts etc to learn about investment in stocks, bonds, options, commodities etc? TIA!

like

Well. ARKK is back.

likefunny

Anyone run a side business for the tax benefits? Thinking about things like the over 6000lbs vehicle tax deduction, home office deduction, etc. What sorts of business do you all have?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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