I’m an incoming analyst at Deloitte. Compensation will be 85k + 15k signing. My personal NW is 110k. Question here is whether I should max out 401k & Roth IRA while using ~25k I have in cash to supplement living in a HCOL city or if I should focus on allowing my compensation to support my living costs?

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

Are you coming in on the advisory or consulting side?

Consulting

Maxing out Roth IRA for sure.
Meet the 401k match max.
Then start saving up cash in investments till you can start buying real estate.
Maxing 401k is a bit excessive honestly

You need to leave some cash on hand as an emergency fund and for cash management flexibility. If you have shorter term savings goals (<5 years), then keep those in a taxable investment account (with something like 40-50% stocks). Put the rest into your 401k/IRA.

where will you be working?

Not related to your question but that’s a massive signing bonus

Related Posts

Need a quick help
While structuring the HRA if we give max limit for eg., 20k and I have rent agreement of 7500. Will this be a problem or will I just get an exempt of 7500?

like

What is the firm per diem for accenture strategy? You can spend this on travel engagements ?

like

How often do you come across Schedule F? I have prepped 3 tax returns for farmers this busy season? It’s interesting. I’ve worked for large and small firms. I never had to deal with Schedule F until now.

like

Misled on Maternity Leave Policy. I found out I only get 4 weeks pay for maternity leave (STD +“sick days”). I will take 12 weeks but wont get paid for 8 weeks. I work for a US, west coast based company in the tech/VC industry. Their website claims to offer “paid parental leave and other progressive benefits for parents”. I didn’t find out until after I was hired their pay was only 8 weeks but since I have been at the company less than 12 months, I don’t qualify for their policy. Is this unfair?

like

I found the following perks in Deloitte should also be considered at RISE

1. Office Phone reimbursement
2. Well-being allowance yearly 25k
3. Vacation allowance of 25k
4. Amount of Rewards and Recognition min 5k compared to current reward Rs.1500

likefunny

Recently received 30k and wondering what to do with it. Not yet a homeowner but also not sure if we’re ready to buy anyways. Have a young baby. Any advice on how to figure out best use?

Hi everyone

Is there any disadvantage if I get relieve on Friday compared to on Monday?

What I am thinking is I will be loss pay for sat and Sunday?

Actually my last is 27th
I asked for a week early relieving so thinking about this.

Thanks.

like

Which is your stock pick this week?
Serious answers only!

like

Hi all, I've just been offered a role at Accenture UK and was wondering what the paternity leave is as this is going to impact my decision. Can someone please share? Thank you!!

like

Hello Autodeskers,
I wanted to understand how RSUs work in your favour? I mean if I am getting rsus amounting to 40% of my package, and another company is matching the package with all fixed, should I still choose Autodesk package? How about selling them and taxation? Is it really beneficial or risky?

like

I’m graduating in a year. Will be working as a consultant in Chicago. Want to begin real estate investing. Thinking of house hacking. what’s the best way to start REI after graduating?

like

Recently joined and maybe a long shot: does anyone have insight or advice for condo buying in FT Lauderdale? Realtor and area recommendations?
This will be my secondary property until I can shift residency. Early 40s single. Looking at las olas condos at the moment. Thanks!

like

Is it better to have SFH for monthly cash flow or passive MF deals through a private syndicate? Friend told me that you need to have $1.5m invested in MF to generate 60k a year approx but it’s much better than dealing with tenants and maintenance. Just wanted to get peoples thoughts on becoming financially free through these two real estate methods

like

Noob question on selling puts- I just sold a weekly put that I WANT to get assigned. The stock fluctuate a few dollars a day so I’m looking for a specific price to own the shares at vs entering a limit order. The stock has already gone below my selected strike price by a 30 cents today but I haven’t been assigned the shares 🤔. Is it only by expiration day or am I missing something?

like

Did anyone randomly get a $250 deposit in their account from the government? I think it’s a child tax credit but I don’t have kids. How do I investigate this?

like

Hi folks,

What do you think, is NPS a good scheme of investing in comparison of Mutual funds, stock market and ppf?

like

What is the general ranking for A-SC firm benefits across commercial management consulting?

like

My wife wants to move out of state. I'm in my 6th year...500 clients and finally starting to make some money. How bad of an idea is it to sell my book and buy a book in a new state?

like

I've heard from multiple people about how inflated the assets are and high the P/E ratio is, hence not a good time to invest in the market. Long term investors, how do you deal with this argument? P.s. I understand the time in the market>time the market.

like

More Posts

Hi fishes,

I'm looking for job referral for the PMO role.

I have 4 years of experience in end to end Project Management activities.
Currently serving notice period.
Please help me with the opportunity.
Feel free to DM me or connect with me on below details
Mob- 9079746914
Whatsapp- 8955446929

like

Considering going into Finance Technology roles within big4. I have have >3 years background from deloitte doing Tax Technology. Can anyone speak to these finance technology role &/or give referral?
PS left deloitte about a year ago and have done finance related work for <1 year

like

Request you all to provide 11 likes to unlock the features .
Please

like

Can someone at Google refer me for a job at Google for auditorGoogle

likefunny

I gave the final round interview Of audit analyst in Deloitte someone will tell how I will know. am i selected or not. Or how many days i have to wait for any kind of mail by HR?

What to wear for the EY holiday party tomorrow?

like

Does anybody have recommendations for cross border moving companies? Looking to move from US to Canada.

Anyone here have any experience with The Mars Agency? What’s it like over there?

I’m (early30s) about 8 months into a relationship with a 40m. Things are wonderful in every aspect, but he is absolutely atrocious with his finances. I felt it becoming an issue about two months ago. He forgets about auto payments and just generally doesn’t care. I sat down with him and looked at everything and even after talking it out he still continues to stress and it’s now causing me stress. I had a final discussion with him today about it and he went on abt how love isn’t enough for me…

like

When non-ad ppl ask you what do you do? In terms of title; do you tell them “copywriter”? Or immediately assume they dont know and might confuse it with copyright infringement, and just end up telling them that you’re a writer or a creative director, and skip the hassle

like

Any good book recommendations?

like

Is there any requirement for Senior Software Engineer?
I am looking for a job change.

like

11 likes needed to activate DM
please help

like

Any idea on what I industry senior risk analysts are making?

like

The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

like

Any idea about compensation of Deloitte Netherlands? Yoe: 7 years Deloitte Nagarro Deloitte

like

what gmat score do I need to get to aim for m7? I’m asian, F, 2+ years in accenture strategy, & studied at top public school (think UC Berkeley, UMich) with a 3.4 GPA with engineering degree

likefunny

Hello All,

I am having over 9 years of experience as oracle application database administrator and currently pursuing my masters at university of Windsor Canada.

I am looking for co-op and full term opportunities. Please let me know if you have any recommendations.

Thanks,
Shruthi

like

Need one spacious and semi furnished or furnished 2 bhk flat in BEML layout, Brookfield. Please suggest if there is any information.

like

Anyone ever worked with Pulse Point? Honest thoughts?

Additional Posts in Career Advice for Students

🥱🥱 you can’t never trust nobody

Post Photo
like

What to expect from Mercer second round interviews for a data analyst position? (Behavioral)

like

Why it so hard to find IT entry level jobs and internships in Massachusetts? I’m desperately looking for one 😟

like
like

I recently graduated and majored in Marketing with a concentration in Strategic Branding. Does anyone know of any open entry-level positions at advertising/marketing agencies in Austin? I am specifically interested in branding or social media opportunities.

like
like

Since I can’t really post anywhere else rn lol, I’d love some feed back on this offer I received. It my first one for a pr account coordinator in nyc: 45k, pto 17 days (but doesn’t start until next year) and thats pretty much it. I have 1 yoe + master’s and I plan to negotiate but working out how much

like

Is it too late to get a tech job now if I graduate next semester in may? applied for many software engineer roles in nyc but haven’t heard back

like

Trying to get a second job does anyone know how this works. It says part time but the schedules looks full time some help please. Thanks

Post Photo
like

Good morning,

I have a zoom interview coming up and I'm not sure how to go about properly asking about compensation if it is not my desired salary/pay. Does anyone have any tips about how to do so?

like

What US law firms tend to hire more LLMs?

like

Is paying a career coach worth it? $4000-$5000. I was looking at Madeline Mann. How true are the success stories?

like

I️ am pursuing a Product Management Internship in Big Tech for next summer. I️ am comfortable reaching out to people to network and know who to reach out to. However, I️ have not found the convos to be all that helpful. Any advice on how to make these convos useful?

like

I am a graduating senior with a CS degree about to start my job in IT (low code, mostly using data tools) at a biotech company. My goal is to be a solutions architect within the next few years. Besides sol. architect cert and other AWS certifications, what can I do to put myself on the path to becoming a Solutions Architect ASAP?

like

Anyone willing to share thoughts on National tax- unclaimed property at EY?

Received an offer from EY but didn’t find enough information to get to know about it.

like

Any Walmart ASM(Assistant Store Manager) here? Current or ex? Want to move forward but feels stuck in retail.

Would you leave a job at a startup who is still running on investment funds after almost 5-6 years of founding even though work environment is great?

What are my chances of getting into APM programs at companies like Meta and Uber as a student from a non-CS background and little experience?

Currently working on my MS Finance degree, graduating in December. Working on my resume and was wondering if I should include a projects section (which would be projects/assignments from classes)?

I don’t have much experience as I went into grad school right after undergrad (graduated December 2021).

like

Which is the better career route, investment banking or law? Which one has more opportunities?

like

I'm a master's student at U of M pursuing graduation in Engineering management. I'm looking for summer internships in business development and Marketing domain.

I have an year of experience in project management domain and I have managed 2 projects of around $55k and $80k.

I'll be grateful if someone could help me or point me in some direction.

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

Scan your QR code to download
Fishbowl app on your mobile

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