{ "media_type": "text", "post_content": "I'm debating, should I transfer all of my 5k bonus to 401k?", "post_id": "57486b484f652213009bab90", "reply_count": 14, "vote_count": 1, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }
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I'm debating, should I transfer all of my 5k bonus to 401k?

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I have a Nigerian prince who could use your help building a better working world. Just need your bank account and credit card ifno

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You mean your $2600 bonus after tax

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Oh yeah makes sense. I was going to say, it's almost AIP time and daddy needs those coinssssss

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No, put it somewhere accessible for a vacation.

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Why would you transfer your hard end bonus to 401k ? The company does not match this amount and you can only use it at retirement. Seems like your the type of person that likes to over save. Instead go on a nice vacation. You don't know if you're going to die so why over save ? Or invest it somewhere else that you can access it without paying fees.

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I figured he/she was referring to the bonus to pass the CPA

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You mean your $4200 bonus after tax

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Dumbest idea ever.

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I agree with D4...dumb idea. There are much better places to put your money

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Can you specifically ask for it to be deposited into your 401k? If you have a Roth that would be awesome. Otherwise it seems like a matter of personal preference/your own savings and retirement philosophy.

How do you know your bonus already?!

Pay down any debt first

Think opportunity cost on this one....do you have any other investing options with a higher rate of return where you can put the money?

Why dumbest idea D4? Could you please clarify

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