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Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.
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Orl, Fl males where you @. 32F here
hey joined wipro this feb. its a new client account and project contract is till 2024.im thinking if i start looking for switch in 2023 and show that to wipro as a counter offer, would they retain me and match with an offer?band b3, 8.8 YOE, 26.5 CTC, skill Business intelligence consulting (business analyst)
What is the midpoint salary of Band 8?
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The most hilarious mail from today's mail explosion:
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Recommendations for a Roth IRA?
If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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GME and AMC are not doing well today 😂
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You dumb if you're not maxing. Even without matching its still a tax advantage account.
I max mine out. The match isn't the best, but 1) it's something and 2) it lowers my taxable income... So I'm on board. 😎
Its not a hard concept. With a brokerage account your contributions are after tax AND you get capital gains tax. A tax advantage account eliminates one of the two.
Lol life insurance annuity...
Just because you don't max out your 401k, that doesn't mean you don't max out your IRA or invest in other places. Not saying that's the smart thing though..
You should try to max for the tax benefit if you are able to. Tax at 25%+ is a good enough reason to max out
It's about deferring tax, no? I'm putting it away now and I probably won't be taking out that much in my retirement to hit a high tax bracket
The original post was curious who maxes their 401k contribution. I do. Doesn't mean that's all I do. I have a Roth IRA, Traditional IRA, regular brokerage. We also have a Roth 401k option. I have money everywhere to hedge my tax bets...
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Don't the tax benefits essentially disappear above a certain income level?
Not a fan of dumping all my money into one place. I do 10% on my 401K, but also have an IRA, a life insurance annuity, and real estate.
It was a concept it took me awhile to grasp but given the tax advantages my wife and I max out 401k, IRAs, & tax benefits for our kids' 529 plans
I max out 401k. 529s are a joke - I got full rides all the way and savings for those only helps schools charge more.
I max mine as well, but my income enables me to do both that and max my Roth, in addition to another $10k a year or so to taxable brokerage. I can see your coworker’s point if they can only “afford” to save like $8-10k a year for retirement, it might make more sense to contribute like 6% to 401k and the rest to a Roth.
Also A1, a brokerage account is only taxed on the capital gains, not on the contributions (turning $10k into 15k means you’ll have to pay tax on the $5k gain only), while your 401k is taxed (at retirement) for both contributions and gains (turning $10k into $60k means you’ll have to pay tax on the full $60k when you withdraw). The key is flexibility- if you have pre and post tax pools of money to pull from, you can pull from pretax until you cross a certain income level (maybe the point where you’d change from 15% to 25% bracket) then pull what else is needed from post tax contributions.