I’m going to be joining Accenture next month. I already max out my Roth IRA and I plan to rollover my EY 401k into another Roth IRA. Should I make additional contributions to my 401k before I roll it over? Pay taxes now and not worry about taxes later?

Also, should I do a Roth 401k when I join instead of a traditional 401k? I’ll only be at $110k base, so my taxes are relatively low now.

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

We have an after tax 401k up to 15k/yr > megabackdoor. At a $110 base I think you could do Roth IRA direct and this megabackdoor. Our 401k plan has good options, so you could roll your EY plan into your ACN plan.

like

19.5k is trad+Roth max. An after tax 401k is an additional retirement account that has a 15k ACN-imposed limit. That account allows in-service withdrawal as a roll-over to Roth (megabackdoor), which then grows tax free and is withdrawn tax free.

You can check out the wealth creation circle on ACN’s portal.

like

In your case I’d suggest continuing to max out Roth IRA and weight your Accenture 401K contributions to Roth 401K and then shift towards Traditional 401K as your taxable income increases. This is based on the tone of your question which leads me to believe you don’t care about reducing your tax basis right now.

Also, make sure you take advantage of the ESPP program asap after joining.

Welcome by the way!

like

Related Posts

Investment advice for a junior associate (with minimal research or effort). Young with minimal expenses, so open to any and all suggestions.

like

Pwc salary structure? Benefits

Urgent

like

Hi, Are there people here who have switched from being a doctor or dentist and went on and got an International healthcare management MBA (or just a standard MBA) and also have experiences from surgery/clinical side, pharmaceuticals, and bit of consulting? If yes, how was your transition? What were your starting roles and salaries? Thank you :)

like

List the college you went to. When you graduated. How much you pay monthly on student loans and when you think you will be done.

like

Will Tesla come down under $500 in the next few months?

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like

Anyone buck the traditional advice to Max out 401k? I've been making out but see little value in it for me. Who knows what my health will be like when I'm 65

like

Can I have basic insurance and open an HSA? And do I need to wait for open enrollment to open an HSA? And the limit is 6000 correct?

like

Is it financially irresponsible to buy a home that requires you to divert what you’re currently saving / investing monthly to pay the mortgage?

like

How much do y'all try and put into the market each month? I e been doing about $5k and have leeway, is that too cautious?

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

This is an emotional dump rn. It may be lack of social interaction but I'm really frustrated lately. I feel like I lost last 2.5 years of my life with ongoing lockdowns and job instability in the first half of the pandemic. I was 28 turing 31. I get good dates but -ve self talk
Inflation is high & coming from a low income family where you're supposed to help your parents is driving me nuts. Although I make a good salary, after rent, car insurance, there isn't much left (unfav currency exchange)

like

I've got a job offer from Deloitte Latvia ( Deloitte Central Europe) for the Riga City. The gross compensation is 3000€/monthly along with one time 2500€ as a relocation allowance with other benefits like 45€/month as Telephone reimbursement etc & other usual Deloitte benefits. Currently I've a ctc of 11 LPA at EY & 3.5 YOE. Is it worth accepting the offer after all calculations. #Deloitte #Europe #Latvia . Deloitte EY . Kindly provide some insights if u have any .

like

Does anyone have any experience with B2B buy now pay later? While I understand number of SMEs and volume of online transactions are important drivers, keen to hear different perspectives incase I’ve missed anything vital.

like

Are there any account roles open that aren’t in Pharma? Seems like every AD post I come across is to work on healthcare

like

There are advisors who present themselves as a financial planner first and investment manager second. Which one are you?

like

I am prior military and went to law school. I had a family to take care of while I was a student, hence I went as fast as possible to get to a paycheck, graduating in 2 years, and bypassing the standard summer clerkships. How could I get some experience strictly remote? I am w-2 working as an accountant in healthcare, have passed the bar and am working on my CPA license (studying starts at 3 am, then work FT). I would like to eventually hang a shingle as a tax lawyer, but need experience. TIA!

Sears may go officially bankrupt tonight. Time to liquidate those SYW points !

like

More Posts

I know this is a google search away and have done so but curious as to what a typical day is as an A1 and SA1 from an employee’s perspective? How tasking, hours, skill set, and general expectation

like

Which city is the best to live in for a couple in their mid twenties?

1. Hamburg
2. Munich
3. Berlin

Thanks in advance!


CFP study programs:

I'm a little confused on Danko - does he offer a self-study option for the coursework requirement? On his website it looks like each module has a 4-day virtual class which I wouldn't be able to attend due to working full time. Does this program also include self-study material, and the classes are just supplementary/optional? I was also looking at Dalton for self-study and Danko for test prep. Thoughts?

TIA

like

Hi These are the openings at Visa .. There are many openings currently..you can browse jobs@visa for this and let me know the job id

I'll be happy to refer..!

Visa

Post Photo
like

Hello Guys

Do anyone have referral for SAP ABAP consultant/ developer
YOE : 2.8
current CTC ; 6 L/A
Location : flexible to relocate anywhere

like

I have offer from Nagarro for 32 LPA(1.6 variable) and another from Turing of 34 LPA (2.5 Variable) I don't want to Join Turing, but can I negotiate with Nagarro based on Turing offer to increase my package? Or is it too risky since I don't have any other offer. What are chances if negotiation fails they(Nagarro) resind the offer?

like

Maximize my postings:
1. Where does Macquarie group stand in the order of things. 2. Do you withdraw from an interview via mail or phone call 3. How many days after do you accept an offer if you want the job, do you wait till the last day??

like

What does a good nurse leader look like?

like

I'm graduating with a Master's in Biomedical Engineering with a decent amount of research in academia (and no "professional experience" outside of research facilities), but I don't want to pursue down the line to get a PhD. I have been juggling the options of R&D in the industry (MedTech, Biotech, Pharma) or Consulting (Life Sciences) for which I don't really have a background. What are my other options?

like

Any news on Novartis internal re org? Any change that is incoming? ... Is any other company like ZS or axtria also undergoing similar changes

like

Would like to connect with someone working in Cognizant CTS as Oracle Ebs or Fusion/Cloud Consultant.

like

Just received an offer with expected / standard salary for role but no signing or relocation bonus. They know I don’t have any other offers which is why I assume they didn’t offer any signing bonus - do I have any chance of getting one without “leverage”?

likehelpful

Hi,

Can anyone refer me in Epam Anywhere in ETL testing profile.
Currently Serving notice period
YOE- 8 years

Thanks.

like

Hi, we are currently hiring for senior dotnet developers for hyderabad location, anyone interested please ping me.

Thank you.

like

What is it like to work in a design and development team in sap labs as full stack abap developer?

like

How much variable pay is expected to be paid (and when) if I join SAP in June

like

In SAP what we can expect in welcome kit

like

Switching from Deloitte USI to SAP SDC.

Keeping money aside, wise decision?

Factors : Growth, future prospects, WLB, brand value.

like

Hey what are the growth prospects in sap India? How are the quality of projects ? Are sap SDC and India same?

like

Additional Posts in Personal Investment Chatter

Can someone explain to me how it monetarily helps me to split my home mortgage into half and pay half on 1st and half on the 15th? So if my payment is 4K, I pay 2k July 1 and 2k July 15

like

How are you all determining the future cost of college and target levels of investment for 529 accounts? Having a hard time seeing how 100k for college in 15 years is realistic. Also don't know the right level of savings to target (50%? More?).

like

Going from 20yr 3.25% fixed to 15 year fixed mortgage rate of 2.125%, non pints. Is this rate good enough in NYC?

like

To those who have taken out a mortgage… any experience with new american fund or ally bank?

like

Considering adding a REIT index to my lazy portfolio allocation for my 401K and Roth Accounts. Thoughts?

like

Will the market continue with its usual bloody day?

like

For those watching their home value - which is best? Zillow or Redfin? I’m watching mine to see what equity I have to refi and potentially get PMI removed. Zillow is current showing home value at about 20K less than Redfin. Are there any other tools I could be using? Thanks.

like

I’m not certain about who will win the election, but unless it’s a landslide, I am concerned that it could take weeks and/or months to determine an outcome. In your opinions, is this a legitimate concern and if so, what would the impact be on the markets?

like

Have 6 months of emergency savings, really tempted to cut it down to 3 and move the rest into market (index funds / ETFs). Have you had this temptation? How have you handled it?

like

How do they verify your health status when getting life insurance online?

Post Photo
likefunny

Can please anyone help to start doing investments into stocks? What iOS software do you use for monitoring and investing? What helpful websites can you recommend for diving into the investment world?

likesmart

Wohooo if you kept it for 3 more days you could have made 35k !!!! Wohooo !!!

Post Photo
likefunny

2017 Lexus IS 200t F Sport for 32k plus taxes...? (33k miles) Yay or Nay?

like

I’m finally getting significantly greater than 1% return on Yotta. I hope someone on here was the one that won the Tesla!

Post Photo
like

How do I legally gets my hands on $100k that my future wife wishes to hand me over for investment purposes (she is outside the US). We won’t be marrying for another two years. Thank you!!

likefunny

Recommendations for a Roth IRA?

like

Where are my swing traders at??

like

When to sell at a loss?

I’m 26 and have a fair chunk of my NW tied to Cloudflare - a tech stock that I believe has the opportunity to 3x and become a $100b+ company over the long term. Similarly, I have a lot in cloud computing etf - WCLD.

Given short term rotation out of growth stocks, I’m confused on what to do. I think we still have some time before growth stocks bottom out, but do I sell?

I would consider myself a “long only” investor, but am unsure what to do given my lack of diversif

like

Can someone point me to some material where I can read about profit sharing vs 401k. I get the concept, but I am trying to understand is 10% profit sharing vested over 5 years better than an employee 401k match of 6%?

From my understanding 10% PS is better because it’s just a standard 10% on top of whatever I contribute though it takes 5 years to vest. Does this mean if I leave before 5 years I don’t get any of it?

like

SCARED MONEY DONT MAKE MONEY. BUY NOK 🚀🚀🚀🚀🚀

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