{ "media_type": "text", "post_content": "I’m currently contributing 6% to my 401k and 3% to a Roth 401k. I’m 25 - should I be contributing more or is this okay? I live in nyc", "post_id": "5bca0f5d886c590012c347e8", "reply_count": 8, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

I’m currently contributing 6% to my 401k and 3% to a Roth 401k. I’m 25 - should I be contributing more or is this okay? I live in nyc

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

Go all in. Your old self will thank you

like

Do you get a match? Is that maxing out your 401k ($18.5k)?

like

Max out 401K whatever be the percentage.

like

ROTH 401k is not subject to income restrictions like ROTH IRA is. Up those %'s and you'll thank yourself down road

like

Yeah I get a match up to 6%. I currently don’t max out my 401k but maxing it out will not leave much spare money especially in NYC. If I increase should I increase the regular or Roth 401k?

^ 👍🏻

I would increase the Roth since there is a limit to that and you might only have a few more years before you are above max income for a Roth. At that point you can do a backdoor, but might be good to max Roth now while you can

Great, thanks!

Related Posts

Any other benefits/allowances in Capgemini?

like

I have ~$52K in my 401K. How does that compare with others? I’m almost 27 and have been thinking more and more about withdrawing some to pay off college debt.

like

How long does it take to get approved for unemployment benefits after you apply in nyc?

like

Has anyone read the book Divorce the IRS by James Miller? I recognize that it’s a relatively new book so not that many people have probably had the chance to read it. But my mind is blown. Should I be pursuing a Roth 401k and not traditional 401k? It seems that even if I retire early, the Roth 401k provides way more tax advantages than traditional. Am I missing something?

like

What's everyone's thoughts on job hopping? How frequent is too frequent? Are there any benefits to frequent hopping?

like

Got a job offer at Deloitte for manager level. Looking for a summary of benefits. I know 401k match but is there a waiting period, do you have something like pwc’s wealth builder. What is parental leave? What is the phone benefit? (Pwc subsidizes phone and pays plan). Health insurance I assume is crap but who is it through? Any random benefits that stick out to you that other firms might not have?

like

Working 2 full time jobs while remote. One makes 75k the other makes 85k. I only plan on using the 85k towards living expenses. What would You do with the other 75k? Go all in on 401k? Save for a house in the next 4 months (already have 35k saved for a down payment)? Diversify between crypto, taxable brokerage, 401k? I’m also debt free.

like

Any ex-EY folks here who did withdraw the pension money? If yes what age were you and how much did they offer?

like

Is our 401k match with Accenture on a vesting schedule? Can't find this information on the live well website

like

You know, at some point, prime will be thousands of dollars a month and it’ll cover your healthcare, your preferred vr simulated life of your choice, and probably your police protection

likefunny

Can someone explain why they buy EFTs over index funds? A couple years ago I switched my 401k from target date to index funds? Does it make sense to eventually switch those to EFTs? If so, what's the strategy on when to switch?

McKinsey thoughts on your Life Sciences/healthcare sector. Is ideal for someone with a clinical background? Biomedical opportunities? Also any other firms have a growing practice in this area? Thanks

like

Anyone go from KPMG to PWC? Was wondering if you can speak to how the transfer was regarding any major changes in benefits/perks/etc, and how learning the new firms tech was

helpfullike

Any thoughts on Dublin? Mid 20s male here from India. Would love to hear any perspectives on the immigrant experience, gay life, quality of life in general, healthcare etc. If it's helpful context - I've never lived away from home. Thanks in advance!

like

Anyone know offhand if there are any good healthcare agencies in Portland OR?

like

What’s a reasonable amount of money to spend on rent at $350k combined comp, if you also are having kids soon and want to retire before 60. Is $4200 too much?

like

Dropping my entire 401k in ETH if it dips below 3k again.

likeupliftingsmarthelpfulfunny

At a boutique healthcare firm with very limited scope. How do I learn more broad consulting principles and how to think like a consultant at large?

like

how much money do you need before you would retire?

like

If you have 10+ yrs of investment history, I’d love to hear ur POV: Starting my own investments beyond 401k. Appreciate advice on strategies, top sites, blogs, podcasts, etc. What worked and cont.

like

Additional Posts

What other ECs are good besides volunteering/nonprofits? My resume doesn’t have a strong track record of community service so I’m worried that any volunteering that I do now will be seen as fake/done purely for MBA apps. Are there any other impactful activities that can fit into resumes like mine?

like

What fitness trackers do you use? Work from home and I've gotten really sedentary. Think having a reminder to get my ass up and move around will help.

like

Chicago Tribune: Huge crowd gathers at Rotary Hill near Naperville District 203 offices to demand area schools reopen. Hundreds of Naperville-area parents & students rallied Monday to urge local school boards to bring students back to the classroom and the playing field. Hmm...so all these parents just want to send their kids into schools do die, right? And kill all the teachers and their families too. All out of pure selfishness.

like

Did SF change their AE comp plan to include selling services now? There seems to be a strong push by them to suddenly start pushing their own service organization.

like

My firm is virtual - all work done remotely in home office unless on client site. Haven’t traveled since mid October. It’s driving me nuts. What do you recommend doing?

like

Deloitte 🐠 what does the salary look like for an experienced hire in the Oracle practice? What is the culture, wlb like? Please accept this meme as a token of my gratitude.

Post Photo
likefunny

The Senior reporting into me has clearly been taking advantage of being semi on the bench even though we are working on a small project. It's 10 a.m. on the East Coast. Wake up, John Doe!!

like

If I get rejected after final rounds at Big 4 is it weird to immediately apply to the same firm but different role? Will they know I just got rejected? Experienced hire btw

like

Having an interview with McKinsey for a Business Analyst role in 5-6 weeks, looking for someone who went thru the interview process and could do a mock case interview with me. Thanks in advance.

like

Moss Adams transactional consulting based in Seattle - how often do you travel?

like

Quitting Deloitte... how does pension work when you submit your resignation? 3 years and vested.

14 people on EY USA had been barred from coming to usa. Who knows, thet were out of country for vacation, maybe meeting an ill relative or even attending a funeral. But that's none of my business

like

I’m an immigrant with H1B. Been wanting to get out of my firm so badly but every time I apply outside, I start getting dragged into work at my current firm.I was going through some pretty rigorous interviews (I failed them) and have been in a slump since. Meanwhile my current firm keeps dumping work on me and I can’t find the time to apply outside. Anyone been through something similar? I’m losing hope.The politics is also so toxic, they started screwing me over since my last performance review.

like

Friday will be my first time interviewing someone for a job that’s not an intern. It’s going to be weird being the other side of the table. Suggestions on questions to ask?

like

Is the CVA or ABV valued by big 4 at all?

like

Post your unpopular opinion. I’ll start: Layoffs are good for firms. It keeps the top-performers, aligns reality with company’s expectations, and as a result, brings better work.

like

Hi all! I’m doing some research on parental leave policies to make a case to improve ours. How many weeks does your policy offer? Does it differ between “primary” and “secondary” caregiver? Birth vs other means of growing your family? I’m particularly interested in independent shops, but would love to hear from folks at the network agencies as well. It you could comment with your agency name, I’d be super grateful. Thank you thank you! ❤️

like

How do you know if you’re in the hot seat/might get fired or if it’s just paranoia? I feel constantly on edge...

like

Please review an offer for me:- Company - EY Group - FSO Tech Base -120k Sign on - 5k Level - SC3 YoE - 6+ pre MBA, international MBA from T20 school Location - DC #Earning 90k in ATL

like

Growing obsession as I get older is wanting to try out for Survivor! Has anyone ever sent a video in or made it through an interview?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal