I am currently earning around 72K base and putting in 25% to my Roth 401K. Got a new job with 110K base and if I put in 25% every month, I will hit the max within a few months. How can I make sure that I do not hit the max before end of year so that I can take full advantage of employer match?

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

72k x 25% = $1500/month, so by end of feb you’ll have contributed about 3k. So the remaining amount to contribute this year is $20,500-3000= 17,500.

17.5k/110k = 15.8%

If your new base of 110k starts in march, you could set your new contribution rate to 16% and it would get you just about to where you needed.

like

You guys. Most if not all 401k plans let you specify a dollar amount per pay cycle, it doesn't need to be a %. If you receive 26 checks a year and you've collected 4, you have 22 checks left. Take the maximum contribution less the amt contributed and divide the dollar amount by the # of remaining checks for the year. I don't know why you're worried about not receiving a match? If you match is 3% of your salary and the rule is you have to yourself contribute 6%, as long as you end up putting $6600 of your own money, you'll get the match this year. Employer match is not included in the max contribution. It's just extra.

like

Most plans automatically stop at the limit, no matter what you have set up.

like

When i changed jobs the new company's plan asked how much I had contributed already so they could cap it at the limit

Why don't you adjust the percentage based upon contributions between March and the end of the year. Will you have a high deductible health plan through your new employer? If yes, you can contribute to your HSA for an additional tax benefit.

like

You would contribute enough to hit the max at the end of the year like most people

Related Posts

AMEX caught up and is now charging me the fee for the platinum card. Anyone have any advice on which airline to use since they no longer reimburse gift cards? Don’t want to cancel, but $550 is a lot

Does Citi usually drag their feet with the offer process? I received an offer two Fridays ago and the recruiter went to the hiring manager with my salary request. They countered my salary request last Tuesday and I countered back in between both numbers (only a $5000) differential. I reached out to the recruiter yesterday and she said she would get back to me very soon. Wanted to make sure I’m not in jeopardy of losing this offer for negotiating? TIA

like

I need a referral for a closing firm or real estate attorney familiar with FIRPTA. It’s not a large transaction, but I am having a hard time finding a closing attorney that will touch this. If it matters, the property is in Georgia (as in Southeast US). TIA!

like

Hello everyone!

Want to hire ~10 professionals with the below mentioned profiles on an immediate basis:
1. Java Developer
2. React JS developer
3. Angular JS developer
4. Java Full Stack developer

CTC: 8-10 LPA (negotiable)
Experience: ~2 years
Location: Noida (WFH available)

What in your opinion would be the right source of hiring for such profiles?

Hello Fishes I have completed 2 rounds of interview with KPMG They insist on joining in either gurgaon , Pune or Bangalore I m from Mumbai does KPMG global services have an office in Mumbai so I can insist on joining in Mumbai as base Location

How much should I ask for 6 YOE ?

like

I joined Nagarro on 27th December 2021. When will be my appraisal? On which month , I would get increased salary?

likeuplifting

Interviewed for 5.5 hours today at a boutique IB today. Base comp is a slight bump. 14 mos in FDD @ PwC who will make senior this CRT - love the role but want to see more of the transaction besides TBs and TB detail. Comp isn’t a huge bump but the IB seems to have a good culture. 20 people. I really am struggling. I worried about FDD golden handcuffs with limited exit ops. Please advise!!! How should I navigate this and assess it from an unbiased perspective. Thx!

like

How’s WLB, Benefits, and Compensation for ISR/Account Manager at VMware?

like

Hi Fishes,
Can anyone please help me in calculating in-hand salary?
I have 1.5lac investment under 80C
and 96k for house rent

Post Photo
like
like

Hi,

I have offer from Bosch.

Offer - 12.8lpa fixed + 1.2lpa variable +1lpa joining bonus (level 51)

YOE - 4.1

Current CTC - 10.7lpa

Should I negotiate to 14lpa fixed + 1lpa variable + 1lpa joining bonus.

will they revise my package?

Thanks in advance.

like

What do you do, where are you located, and what's your salary? If you feel comfortable sharing. Just interested in the demographics of the bowl.

I'm a healthcare recruiter wfh in San Diego and I make about 56k annually.

like

🚀How much salary range for VP - K grade in bnym ( Bank of New York Mellon) technology department? Skills - Java microservices Expr - 13+ yr

@bny Mellon technology

like

I am currently applying for new grad positions and would like some advice. any suggestions on how to negotiate pay, and get the position that I want. any other advice is accepted for anything else that I should watch out for. thank you

like

Hi, I’m in need of some salary negotiation advice (continued)

like

GM!
im 10 weeks into my contract as a PO at a large satelline/wireless provider (synonym: plate) and the company has offered to bring me on as an internal employee.

currently i am hourly contractor at a rate of $50/hr + 2k sign on

the salaried offer is for 104k ( $52/hr)/ no bonus

problem here is that i work 48-52hrs/wk & get paid overtime, so taking this offer would actually be a paycut by about $250-300/wk

how / what should i negotiate as a fair compensation package

like

More Posts

Is it just me feeling this way or does anyone else feel people are being incredibly selfish? I went for a drive and saw a bunch of people outside eating at restaurants and walking outside with no masks on and not just not giving a fck

likefunny

I have a technical interview coming up with Accenture for a public sector consultant role. Does anyone have an tips/insights on how I can prepare/what I should be doing?
Transitioning from a research & policy background - thank you for your help!

like

Apps for keeping track of billable hours?

like

Is wipro calling new employees to work from office?

like

Amex to Marriott point transfers are 1.0:1.3 right now. Is it worth?

Hi fishes,

Any one working for lumen project in IBM

like

Can you all tell me how much is the average hike happening in sunlife for the employees?

Larsen & Toubro Infotech What is the maximum distance can we get cab facility in ltiLarsen & Toubro Infotech

like

Hello Fishes,

I am looking for opportunity.could you please let us know if there are any openings in informatica skill.

Exp - 3yoe
Np - 15days.

Thanks in advance.

like

Which pharma ECDs approve smart creative work? Please drop names below. Many times when I see inspiring stuff posted here my first though is, the guy who is approving my work would NEVER go for that.

like

Why do you want to work for my company?

like
like

During pre covid I met someone “Desi” on an app and we hit it off, everything was going great for initial 4-5 months until we both realized that she is a US citizen and I am STILL on a visa.

Kya palti fir woh ! Kaat diya.

Everything was Going great till my visa status came into picture, after that she was like you won’t be able understand me or my lifestyle.

I love the C in ABCD. Confused or chutiya whatever.

Biggest 🤦‍♂️ moment for me yet.

Had to vent out !

Post Photo
likefunny

I feel like I can't do anything efficiently. My managers give me really simple tasks and it takes me 16+ hours to complete them. No one has made a comment but I feel SO SLOW. Any advice?

like

What does your process look like for evaluating a potential MBA program? Other than employment reports?

like

I need a sabbatical but I can’t afford it.

like

Anyone know what a second year IB analyst pays at Scotiabank in Toronto? Not headline news like it is in the US unfortunately

like

Hi Fishes,
What is the salary I should expect for a position in Glasgow with someone with around 15 years of experience in Java development? Consider relocation from India. Thanks in advance

like

Any insight into Panza Maurer? What's their reputation, work culture, training etc.?

like

Any favorite watch box brands? I’ve been looking for ~$100 range, 6 slots with a drawer.

like

Additional Posts in Personal Investment Chatter

Anyone out there living off of (or able to live off of) their dividends? This is my financial goal but I’d like to know if anyone is doing it. What’s your allocation? I have mostly REITs

like

What do you guys do when you like a mortgage provider but not the specific lender you spoke with? I have a lender that seemed rly immature and a bit rude but I like the company.

helpful

Is anyone familiar with filial responsibility laws? I have major doubts that my in-laws have enough saved for retirement / it seems they are planning to rely on SS despite currently living a pretty lavish lifestyle (brand new house, luxury cars, routine spa appointments, expensive dinners, etc.). I’ve heard of cases in PA (luckily we don’t live there), but what about other states? Also, I’m assuming if things go south at the end they can rely on Medicaid for long term care?

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

Has anyone maxed out their Roth for the following year yet? Thinking of taking it out of my account for the following year and capitalize on the gains

like

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

like

Are there any circumstances in which the giftee would pay to gift tax? I thought no, but I am now hearing there are situations where that would be the case. Can anyone with experience clarify?

like

Need some advice for investing, I make a base salary of 180k - meaning after taxes and 401k etc I take home 9k per month. Child care , living expenses - 4-4.5k, investments in india - 2.5k, I have up to 2-2.5k left every month. Should I be putting all of it in ETFs ? That would be about 33%-25% of my salary. I put my bonuses and stocks in savings accounts and CDs for my kid. Thoughts? Thank you!

like

Repeat with me, this is a buying and holding opportunity! 👏🏻

like

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

like

Worth buying VTI today? Every week I am buying and it’s going lower and lower the next day. I bought it yesterday and today it’s 5$ lesser than yesterday!

like

Am I too late to buy a house now? Sitting on 300k of cash equivalents and want to use that as a down payment. Is there even a tiny hope for market correction in near term ?

like

Just opened up a Roth IRA with Schwab. what’s are good stocks/mutual funds that i should buy for the Roth IRA account?

like

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

like

VTI, VOO, or VTSAX - which do you all prefer and why?

like

Is watch a good investment vehicle in terms of resale value?

like

If a company in which I owned stock was taken private, does that mean I should sell my stock because the price isn’t going to change?

like

If I’m above the Roth income limit, can I do back door Roth for my Roth IRA and mega back door Roth for my Roth 401k? And does back door Roth count against contribution limit for mega back door?

like

How much house can I afford making ~80k/year pretax? Also is it worth it to put down less than 20% despite PMI? I know credit is cheap right now, so I’m curious. TIA

like

What blogs/books/resources should I seek out if I want to make the transition from passive trading (index funds/buy and hold blue chips) to more active trading (options, speculation, spending a few hours a week researching, etc)? I’m looking to turn my investing into more of a side hustle

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