I’m leaving PwC soon. I’ve worked there for 4.5 years. Any advice on what I should do with my PwC pension? What have other people done when starting new jobs?

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

I’m taking the lump sum and rolling it into a different retirement account. If you do it this way, you don’t pay any penalties or taxes. My firm gave me an estimate of what the pension will be worth if I leave it with them for the next 40 years, and the return was abysmal.

like

Pension?

like

For most firms, if you’re that junior, they’ll give you a lump sum of the PV of your benefits.

How much is it worth and what are the withdrawal penalties?

If you’re in the US, you probably aren’t getting a pension below partner. The Retirement Wealth Builder is similar to a 401k except only the firm contributes to it and you can either leave the vested portion where it is or roll it over the same way a 401k can be rolled over.

If you’re outside the US and actually have a pension than I don’t know enough about the plan to comment.

No D1, a normal defined benefit pension plan in the US

Related Posts

Hiring an advisor and a 401k specialist in Greensboro + Charlotte NC

What are the perks and benefits of working at DBS, Hyderabad? DBS DBS Bank

like

What are people thinking for buying a primary home right now?

like

I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

like

Healthcare corporations… please note you have more then 1 shift of workers. You have 3 most times, each shift has to be treated equally. This is and always have been an issue, and you cannot figure out why the other shifts refuse to be active and participate in anything and definitely not engaged anymore.

Post Photo
like

Is it possible to buy a new luxury German sedan car with 30k budget?

likefunny
like

Why do firms not use vested stock options as incentive in earlier stages of career?

like

Hi Friends,

Could some recommend some good pgs around fidelity investments (manyata tech park). I will be starting the office from Dec.

Hey everyone,
I just applied for
Citi bank for an AML compliance analyst position. It’s a hybrid position in Tampa FL. Any feedback on the company, salary, Company values, benefits please and thank you. Citi

like

Hi Fishes,
Can anyone help me with the tax implications on the bonus received . I got 2.5L bonus in this payroll and 56k tax was deducted at source. Now I’m on notice so I have to resign and return the gross amount that is 2.5L .. what happens to the tax I paid 56k ? Is that my loss ?

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

Can anybody of you please share some details over their CTC structure , Non taxable components please over & above benefits in Amex ?

My query is specific to position of SE 1 @ SE2

What are the benefits of getting the president's club award?

like

Should I ask for a refund for my Delta flight or keep it as credit that can last til 2022? Delta is losing about 50m a day, so it’s a bit concerning. What would you do?

like

Is it worth becoming certified in compensation? I have 5 years of benefits and my new employer wants me to move into Total Rewards. Is this a better career move than just remaining in Benefits?

like

What did you do with your RSU’s after it vested? Did you keep it or was it sold and reinvest to another stock/fund/etf?

Hi Fishes,

If anyone is looking to buy Life/Health insurance product please connect, we can avail good deals and discounts.

like

Do anyone share your thoughts on kaiser permente healthcare project in hcl? I am going to join next month

I want to sell my house but there seems to be water damage and I’m worried someone will lowball me, what should I do?

like

More Posts

We are renovating a condo and the previous owner had two Crane toilets (not sure how old, but functioning although seals are old according to our contractor). Back outlet flour mount ones are the only options for the building, and one toilet can cost $300-$500.

We are redoing all the bathroom tiles and walls and debating what we should do with the two toilets. Would resealing the toilets extend the use life? Or should we just replace the toilets? Any other recommendations? TIA!!

like

Opinions on career clerkships? Especially with a two year old and wanting another child eventually.

like

Hi Fishes,
What are general responsibilities of BA4 designated employee in Barclays as Salesforce developer?

like

Is the executive order from June impacting people who had an h1b stamped and moved jobs? Since the h1b would need an amendment if someone changes jobs, would that pose a risk? Any folks who have moved jobs on h1b in the last month or so?

like

Learning cloud architecture right now so apologies if these are obvious questions: Best ways to store video metadata to perform analysis on it? I'm looking at AWS and GCP. Saw that Cassandra would be good for it, but not sure what the GCP equivalent is? But also I'm a bit confused on if Cassandra is just a DB and storage would need to be elsewhere? All help is welcome! I've been spinning my wheels on Google trying to understand

like

Happy Friday!!!! How many of you have started using these one-pagers I hear all the Lit teachers talking about? Do you get thoughtful, quality work from Ss?

like

Do recruiters always try to lowball you with their first offer?

like

I had my kind of hr round with TCS
They did not have a detailed discussion regarding the compensation .
But they told i will be getting link for uploading documents and then hr would be discussing for compensation.
Its been 2 days. No update. Can anyone guide. Why 2 hr rounds ? N how much time it takes?

like

Hi Fishes,

I just want to know if
Wipro has its office in Gurgaon location?Wipro

like

What could be the expected CTC for 16+ experienced Linux Sysadmin in Oracle, waiting for the HR round current CTC is 15 LPA

like

Can anyone share what are the usual components of a flexi benefits basket and to what max amount can you utilise them.
Eg. Communication fuel etc

like

Hey fishes, i am an assistant professor in MBA, with 5 years of experience i want to change the domain and company. What's the best way to switch domains.

I have one month left to finish my thesis. I know, I’ve screwed up. Anxiety got the best of me. Is there still hope?

like

What made you realize that science was the right path for you?

like

Is there a difference in a total salary for employees working on-site vs remote only peering this same job?

like

Question about pre-marking trial exhibits in federal court ((more below))

like

How many billable hours per week is considered at capacity? I’m getting pushback on boundaries I’m setting about additional matters and marketing work from my firm when I’ve been billing 60-75 hours per week for the last 6 weeks, and I’m still behind on my work. I feel like it’s reasonable to not kill myself further to fit in more/turn things around faster at this point, but am I being unreasonable? I expect my workload to remain at this level through the end of the year at least.

like

The creative contingent has convened and voted to disavow A Writer from the post 16 hours ago in hopes of keeping in tact the great PM / Creative alliance.

likefunny

Does anyone have any insights on the Certificate Investment Performance Measurement (CIPM)?

like

Additional Posts in Consulting Exit Opportunities

Exited to a tech company 2 weeks ago. Should I be worried about layoffs… strategy and operations role

like

Looking for roles in smaller firms 5-500M in revenues (not public but also not classic VC series a/b startups), any thoughts on how to generate leads for those type of companies ?

like

Anybody went through the CVS Health case study interview presentation process?

like

Anyone ever asked to sign an NDA prior to interviewing? Just had a DocuSign sent over for a phone interview I have next week

Anyone else feel like Chicago has very limited "upward" exit options, especially for tech? It seems like outside of consulting, most people who earn a higher incomes are in trading/banking/PE 😕

When would be a good time to inform employer of my resignation if I have a start date in two months but would like to take a break before starting the new role? Taking the pandemic into cont.

like

Anyone know if any Tech/FAANG companies hiring in Sourcing and Supply Chain management roles?

like

Does Parthenon Software Strategy group only exist in the US and UK offices?

like

How much of a total comp increase would you leave consulting for (E.g., 20%, 30%)? Trying to figure out what’s a good offer and tipping point for me.

like

Is it okay if I get fired from D after my H1B transfer for the new employer gets approved ?

Is leaving consulting as a senior, with 2 YOE, too soon? When is a “good” time to exit, in your opinion? I ask because I’ve heard senior is good, and I’ve heard manager is the latest you should stay before diminishing exit returns (anecdotal)

like

How much difference does have a LinkedIn profile pic have vs not having it?

I’ve been in Consulting for 3 years and moved to Big 4 6 months back. I start thinking that it’s not for me. Too political and contradictory guidance from leadership. Seeking guidance about exit oppts

like

Happy Monday!
I have an interview with KPMG for Senior Associate role in NYC. Do you know what’s the average salary under strategy?

Thank you!

like

33 year old with MBA thinking about a career change from financial services consultant to certified financial planner. Any advice?

likesmart

Anyone heard of Sonder? Any insights into the startup? Potential role in SF

Don’t think the intensity of consulting life is for me. what’s a good, enjoyable industry exit that is 40 hours or less and decent salary? I’m still 2.5 yrs out of undergrad so options are flexible

like

Senior Consultant salary for experienced hire, PPM at EY in SF? I have 2 YOE.

Do you tell corporate industry recruiter how much you currently making if asked (and stressed on knowing). I told them the number then also said I want at least 10-15% bump from that #, sounds like...

Looking to change career paths. Currently 1.5 years experience as a SAP consultant doing business analyst activities. I would like to transition to a data analyst role in industry. Any tips?

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