Investment advice needed: I am maxing out my 401k, and I earn way too much to be eligible for a Roth, but I have an IRA sitting there (from an old 401k that was rolled over into an IRA)...

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

That’s why I have a CFP.

smart

Look into the terms of a backdoor roth ira contribution. The balance in your traditional IRA may be an obstacle, but there are some maneuvers for that as well. Some options are rolling the TIRA into your 401k (only if you have a good plan that allows it) or a roth conversion, though you may not want to convert in your tax bracket. You’ll have to consider whether available options are worth the potential of being allowed to make backdoor roth contributions in future years.

like

Get a financial advisor.

like

There’s a bowl on here called “personal investment chatter” this would be a good question for. Some knowledgeable folks on there.


lywyh

like

I’m trying to get a clothing line off the ground so let me know if you want to invest a couple grand.

like

Yes the 6K helps minimize tax burden

like

Google “back door Roth”

like

Talk to a financial advisor about a back door Roth. You have options, good for you!

like

My question is, is there any benefit in contributing additional funds into the IRA, vs just investing in stocks? From what I can tell, I’m allowed to invest $6k into it per year? But not sure if there’s any benefit vs stocks

There is an earning limit for a Roth IRA?

To contribute, I believe. For a single earner

Related Posts

Who / what do you list as your contingent beneficiary when your spouse is your primary, you don’t have children, and you don’t have anyone in your family you trust with your finances if something were to happen?

like

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

like

At what net worth will you be comfortable quitting your current job to pursue a less-paying “dream” job?

like

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

like

Any of you file with Sudhir Tax (www.sudhirtax.com) services based out of NJ? They seem to give really high tax returns, fees are also higher but online reviews say they might be filing it incorrectly and are not reliable. Can anyone share any personal experiences if they have any? TIA

like

Hi everyone! I am working with my HR to improve our maternity/paternity leave policy. Currently I only get 2 weeks fully paid and then an additional 8-12 weeks at 60% pay (short term disability). I need some examples of companies with less than 100 employees and what your maternity/paternity policy is. Please include company name! Thanks!!!

like

*Keeping an eye open for new opportunities*
I have my Bachelor's degree in Healthcare Administration along with 13 years of experience in healthcare. My experience ranges from medical coding, biller/AR specialist, patient financial advocate, and since 2019 my role is in the Quality department as a health care data analyst.

like

Correct me if I'm wrong but isn't it more advantageous to have low housing prices and higher interest rate? If that's the case, you can always refinance when/if the interest rate lowers again. Is there something I'm not seeing?

like

Hi fishes, I want to submit broadband connection reimbursement request via Global Claim System GCS. Is there any chances of background varification regarding the broadband bills??
Thanks in advance.

like

Can I keep my ex-spouse in my insurance plan after our divorce?

like

Sad that I missed out on this deal 😭 brand new & tax free

Post Photo
like

Anyone have any legitimate passive income? I’m talking about something that takes sizeable upfront time investment to get going, but takes <5 hrs a week to maintain.

like

What are the employee Benefits In Dxc ?

like

I’m leaving my job soon but I’m wondering if I should be truthful when I hand in my letter of resignation. There’s a ton of reasons but it boils down to: I’m worth more than they can pay me and I need to pay off these student loans. What should I say?

like

My work doesn’t require us to be licensed in a particular state (i am licensed in my home country) - International Arbitration. What are the obvious benefits of getting licensed in New York?

like

Amazon stock is down to below 3000. Bought at 3300! Thoughts? I’m sure it will go back up, but when? And by how much? Appreciate any expert guidance!

likefunny

Received a license to grow in Mass. starting a company, have a great business model, pitch, and multiple competitive edges. Looking for 5M seed funding investment to get up and running. Any advice on how to find and connect with potential investors in this space?

Hi All, I am working as Consultant in Deloitte USI since 3+ years and now wish to make a change.

I got an offer from BNY Mellon for 28 LPA for Senior Associate 1 position as a Backend Developer. Is BNY a good company considering I am already working as a Full Stack Dev in Deloitte ? Please help and also plz add some points related to benefits, work life balance, quality of work, etc.

like

Please explain if we get internet reimbursement outside the CTC?? Not the tax exemption part . I have heard we get 1200 per month for internet . Is it true ?

like

Any advice on how to pick the best company for me when offered a position from more than 1 company? I've been interviewing extensively with 4 companies, and I believe 2 are getting ready to send offers. If I receive more than 1 offer - how do I choose? I compared benefits, pros/cons, compared them on Glassdoor, questioned them about growth opportunities, asked about their culture.....anything I am missing? Any input is appreciated. Thanks!

likeuplifting

More Posts

Didn’t realize crypto had MLK Jr sales too! 🤑💰

like

ZS 🐠 - can you receive sponsorship for MBA prior to having tenure of 3 years? If not, what is the downside of applying after 1 or 2 years? I am coming in with 3+ YOE in consulting, so my application would be competitive for next fall (or ‘23)

like

What do R&D strategy focused solutions entail? Is the focus more on the efficacy of clinical trials?

like

Does anyone have any experience with northwestern mutual ? I just got a offer for a internship there.

likehelpful

Thinking of moving consulting firms...I feel like I’m being underpaid. I have 3 YOE and experience with SAP IBP which I know is big right now ...what should I expect for TC if I move firms??

like

Any recommendations to where to eat in Paris? Looking for suggestions on best to grab breakfast, lunch and dinner and if possible best brunch places. Thanks in advance! (:

like

Any Sales Leaders doing any of the following with their sales teams?

- Entering a new market.
- Entering an old market with a new product.
- Trying to focus sales efforts onto one objective.

I’m putting together a beta program that was successful for my current company and I want to see if it will help other leaders.

Let me know if this interests you below. Thanks!

like

Thoughts on exit options for Cap Markets/M&A, including both legal and non-legal? I’m Australian considering moving to NY with more cap markets experience under my belt than M&A, not sure if I should go harder for a M&A role for the exit options. Any thoughts?

like

Great halftime show, Telemundo!

Best apartment complexes in Capitol Hill for studio apartment that won’t completely break the bank?

like

Evening! Dog owners who live in condo rentals downtown.. did you tell your landlord you had a dog? I’m in a rental with a lease that says no pets (i’m sure a common clause?) and i didn’t have any pets moving in. 6 months in, i got a puppy lol. I don’t want to invite potential conflict by updating my landlord, my lawyer partner says the no pets clause is void in toronto anyway - but I worry about a bad landlord reference if they find out i.e come for repairs.

like

PwC India I got offer from Pwc India IFS. My primary skill set is DevOps. Can anyone share there views on kind of projects and whether it is good decision to join or not. Also how are the hikes and leave policy if joining as SA.

like

Situation: got an offer from firm X; highly likely to get a better offer from firm Y but official offer would take a couple of more weeks in best case scenario. However, firm X’s offer validity about to run out. Would you: (1) accept X’s offer now but rescind later if Y converts (2) ask X for additional time to decide (they’re “prestigious” and may not offer additional time...) (3) Play straight, decline X and hope Y converts (4) any other creative ideas ...???

like

Deloitte GPS folks, can I get the scoop on the background check process? How long does it take, how thorough is it?

like

Pocha 32 leggo

“There are so many layers of Daddy. Book coming soon. How to get one, how to be one, how to keep one!”

funnylike

Please suggest in terms of learning, job security and work life balance which organisation to go for in the current time from the below offers...
Thanks in advance for your valuable suggestions.

TabSquare (22 fixed+ 1.5 variable)
Zensar (20 fixed+ 1 joining bonus)
Rightpoint (22 fixed+ 1 joining bonus)
Accolite digital (PKG not confirmed, estimated 24 fix + 1 joining bonus)

Tech stack Frontend Developer (react js, JavaScript, HTML5 and CSS3)

like

Hi Fishies,

Which to join among these ?

Synechron or
Coforge.

Both are offering same CTC.

Any idea about job security in these organisation.

Synechron Inc. Coforge Coforge ltd

@

like

Anyone from NYC? What’s a good restaurant here? None of the restaurants look good to me

likefunny

Hello people . I have 4.10 years of experience in Audit . I have worked with deloitte and now working in McKinsey . My package is 5.25 . I feel its low . McKinsey low balled me . What should I do ? How much is the package I can demand going forward ? Please help.

Additional Posts in Advertising

When you're on a date and you say what you do...what are the reactions?

like

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

Shoutout to account peeps ready to explain why, actually, it isn't that much work and, actually, EOD tomorrow is plenty of time.

like

Buntin Group in Nashville - is this a reputable agency? What’s the good/bad/ugly on this place?

like

How I’m feeling today..

Post Photo
like

Alas, I don't qualify.

Post Photo
likefunny

On the job hunt in London and considering a portfolio website. Thoughts on how to manage that with NDAs?

like

I got the job. That is all.

likeuplifting

If you live in LA, dm me for secret wineries in SB county that will blow your mind. I’ve literally been to all and give you the goods and they are so close and life’s too short to drink crap wine!

like

I like everything about my agency except my partner. Do I leave if they don’t have the budget to get me a new one?

like

Like this post if you’ve never won an advertising award.

Some days I feel super guilty, while other days I remember we’re all just out here trying to make a living creating (and selling) for business minded people.

like

Is possible to have "real friends" in the ad world? Do you trust your coworkers or do you feel that they are going to throw you under the bus just to save their asses?

like

Never moved to an agency out of state. Any advice on finding/negotiating a position that includes relocation? Bay Area specifically?

like

How long can you go without having anything to do before you get laid off?

like

Just saw this focus factor ad on CNN and I was speechless. What the actual f*ck?

Post Photo
likefunny

How long did you stay at your first job?
And what made you change places?

likesmart

Do you feel like a Cannes Lion is worth less now? In this post-covid era, are awards (and award shows) still relevant?

like

What is your agency’s maternity or paternity leave policy?

like

Rename each agency as a trendy artisanal brand with the “Blank & Blank” format.

like

What kind of work is done by Junior Talent in Data & Analytics?

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