Please explain to me like i am 5yo... backdoor roth. 1) I have an old 401k that i rolled over to a traditional IRA 5 years ago. I have not contributed anything to the traditional IRA since i left that company in 2013. 2) i have a roth IRA that i opened 2 years ago. 2021 is the first year that i will hit income limits. 3) I have an HSA and company sponsored 401k that i contribute the max to (part roth, part trad) Traditional IRA = $52k Roth IRA =$13k 401k= $250k HSA=$3k What do i do for 2021?
I do 6k backdoor Roth IRA using Vanguard. Recently came to know that my company supports after tax Roth 401k with limit as 57k... Does this 57k limit includes 6k of Roth IRA?
What's the easiest way to rollover 401k between employers? Also how does the new employer's 401k limit my yearly contribution limit if I have contributed to my previous 401k?
30 y.o. M here, just changed my 401k allocation from a target retirement fund to 85% S&P500 and 15% international index funds. Anyone think this is stupid? Thoughts appreciated!
Just joined a smaller firm who uses Paychex for their 401k provider. I noticed they do not offer too many options for funds to invest in and seems lower end than my prior Schwab 401k offered. 1) Anyone have experience with Paychex and have similar observations? 2) I’m leaning towards doing enough 401k pretax contribution on Paychex to get the company match and then do the rest as a Roth IRA to obtain better investments. Any other options I’m not thinking of?
We have it worse than our parents. No real pension( defined benefit plan) which pays you an amount per month til death. 401k are at risk of the market.. while ceos and partners....make millions
Hi! This year I have been blessed. I made 200k from selling stocks and still has about 700k worth of shares. My family of 4 were struggling to make ends meet the past few years because California, everything is expensive including our mortgage. We are trying to organize our finances, we have 401k &got the house refinanced. I’m interested in investing in rental properties. I have read some blogs and watch some videos but would still like to hear from people some tips on investing with cash flow?
Has anyone had experience adding their old employers 401k account to their new employers 401k? Is this a pretty standard thing?
Hey any suggested way of how i should split my investment post 401k max out n IRA? Say i have 50k in saving then around 15k in HYSA, 20k in S&P500 and 15k in stocks? Something on these lines as in what is suggested
Should I stop depositing into my 401k?
For people here making less than 100K who max out their 401K / HSA, can I have a conversation with you about your taxes paid ? Is it significantly less or is your take home significantly less ? Trying to assess the financial impact to my take home if I max out my 401K. Ty!
New to United States - I noticed that my pay checks comprise approx. 64 % of my annual compensation( after 6% 401K and health insurance) . Is that normal or have I messed up something in tax forms?
Anyone at the PCAOB? How are the benefits? 401k, any pension, medical premiums and provider (BCBS/UHC)? Did you find their compensation package to be competitive?
I have 60k in Cash (High Yield Savings and Checkings accounts). And 60k in Investment Accounts (401k, IRA,Taxable, Etc). Have 2 investment properties. I’m 25, should I be more diversified? I want to make sure I’m capitalizing on my cash as much as possible. Should I be putting more into the Markets in stead of having so much cash?
401K Question - Very Confused. Just came to US and will be here for about 4 Years. Firm matches 25% of first 6% employee down. Some say, upon withdrawal, have to 40% tax/penalty / others say .. Contin
Thinking about buying a house/condo. Single here. I have about $70K in savings and stocks combined. $110K in 401K, no outstanding loans and credit card balances. I am comfortable paying up to $1800/month for mortgage. Looking for suggestions on my readiness to become a home owner.
Employer 401k states no voluntary after tax contributions allowed. I have made zero 401k and/or Roth contributions in 2019, have 2 more paychecks left before 04/15. How do I maximize contribution?
My mat leave ends next month and I am absolutely dreading it. I’m fortunate that my baby is easy going and sleeping well so my time with her has been great. I’ve been getting bad anxiety thinking about returning to work. I’ve seen women post about how they couldn’t wait to go back to work so I feel strange that I’m not like that. Anyone else been through this?
Can we extend visitor visa beyond 6 months? As in if expires in July, can we extend until next July?
My Kellogg interview is in a couple days but I haven’t received a zoom link yet. Should I contact them tomorrow?
How is EY's work culture and Growth ?
Hello Consulting moms, I was wondering if anyone moved States after COVID? I live in Virginia (15min from DC) and we’re thinking to move to Texas. Dallas or Austin not sure yet. Any recommendations/advice? My son will be starting Middle-school. 😩 Thank you so much!
Going around the room saying what we were thankful for... my wife says, “for our growing family.” Looks like Baby #2 is on its way! She said I couldn’t tell anyone yet, so I’m telling just you guys 😍
WWYD if job option #2 makes you an offer, but dream job #1 is dragging their feet/let you know it might be up to three months before an offer is given; also dream job’s interview feedback was great.
Hi All! I have an technical interview next week with Amazon for a Sr SA position. I know I need to refresh my technical knowledge but besides that any other recommendations would be very helpful. I really want this job. Thanks
Hi, My organization has an opening for PL/ SQL developer with 8+ years of experience. Location is San Antonio, TX. Previous experience in banking is preferred but not required. It’s a long term contract (IC) position. If you have any friends looking for job with similar skills, please DM me.
Anyone here a US citizen who chose to leave in favor of London? I’m American but husband is European. He wants to return for the social culture of Europe but I just get traumatized by the pay in London and almost equally high cost of living as in tier 1 USA cities. I know money isn’t everything but hoping to hear about other Americans experiences . Thank you!
So I started at a new role at a known retailer about 2 months ago. I am their first hire in this role, as I have more than 5 years of relevant experience leading initiatives and optimizing process across departments. While I understand it takes time to adjust to the culture, its seems like all I have witnessed is resistance to change. I already feel myself not wanting to be here long, but I'm putting pressure on myself to not be a quitter. Would you stick it out or start looking?
Client keeps inviting me to meetings but not the EM or anyone else on the team (who needs the information in the meeting). Should I keep forwarding invites to him/her or just let them address it?
Desi Consultants!! - who all are thinking of hiring Sima Taparia (after watching Indian matchmaking on Netflix) for finding your future significant other?
What’s the longest amount of time you’ve spent on the bench? And what did you do during the time? First time on the bench after 3 years here
CMV: noise canceling headphones are overrated. It blocks out the background noise and isolates annoying noises like baby crying...earplugs are far superior for traveling.
I have a Deloitte introductory call with a recruiter next week for a PMO analyst role. Any tips, suggestions, recommendations???
has anyone ever interned as KPMG’s Lighthouse Data Engineer and Developer? I’m trying to find out how the work is and if there’s a wide range of exit opportunities. Would you recommend starting off at B4 or just work at a tech comp? KPMG
New to Fishbowl?
unlock all discussions on Fishbowl.