{ "media_type": "text", "post_content": "I’ve got $50K in 401K, and am not using any other retirement or investment vehicles. Current contribution rate is 20%. Is lowering the contribution % and opening a Roth IRA instead a wiser move?", "post_id": "5dd385cf9534b5001a50f3ec", "reply_count": 2, "vote_count": 0, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

I’ve got $50K in 401K, and am not using any other retirement or investment vehicles. Current contribution rate is 20%. Is lowering the contribution % and opening a Roth IRA instead a wiser move?

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

Roth's are more flexible. It adds a bit of complexity (one more account to monitor/rebalance, additional login, etc) but if you don't mind this the gold standard is to get full company 401k match, then max IRA (and HSA if available) then go back to 401k.

like

Thanks!

Related Posts

Looking to switch to EY cyber as a senior consultant. How many months of big 4 cyber experience post Masters is encouraged/required for the role?

Anyone feel like maternity leave affected their raise and bonus? I don't feel like my numbers were adjusted and feel like I am getting the run around

like

🐠 fam, are there any resources for people who have lost their income, therefore losing health insurance but need meds? Contd’

like

Midsize firm and I am the only female. The managing partner told me I can’t take anymore vacation days if I take maternity leave. Thoughts?

Thoughts on an exit to MaRS?

like

Current M2 looking to make a change. In Healthcare and Life Sciences Regs and Ops. Came from industry where I oversaw compliance for 6 hospitals. Anyone willing to reach out to discuss referrals?

like

Expecting an offer for an SAE position in the next few days! What salary should I expect and negotiate for? I have 2.5 years experience in account management and live in Chicago

like

I was laid off from a resource management role, working with employees approaching or on the bench, working with managers to staff projects, and support functions like report creation, scheduling, etc. Roles like this are few and many large consulting firms have frozen internal hiring. Do you think it would be beneficial to get a SHRM cert? Would that help get a "talent related" HR role? Worth the money? I have a background in recruitment as well.

like

Under-utilised since joining boutique three months ago. Not developing at all and periods of no work for me are common (even when I chase up). Other grad hires are in the same position. Time to worry?

like

When rolling over 401k from ACN, did y’all have to call Alight to mail the check? I tried doing it online and they are sending me to a rollover central site that is asking for a lot of info.

like

Which Bain office is hiring now?

like

Deloitte hiring freeze? I had a verbal offer and reviewed benefits 3 weeks before the covid environment. I was informed that I would be contacted when there was an update. Wait or reach out? Advice?

like

Anyone willing to provide a referral for S& / Accenture / PWC / IQVIA healthcare? TIA!

like

Is it possible to get insurance at the same rate or better rate without being in corporate? Honestly started here for the insurance and investment benefits so want to know if there are other options!

like

I saw a Harvard? study circa 2013ish that said effectively “be most conservative when you retire and get more aggressive as you age”. But can’t find it now. Anyone seen this and know where to find it?

like

Looking to create a tool we can use for stakeholder relationship tracking. We want to be able to hear a clients name, look them up in the tool, see info about their role and department, and see which of our consultants have worked with them before and on what projects. Trying to think of an easy to use, interactive tool beyond something like excel. What’s something you’ve used for this before? Don’t think we’ll be going as far as purchasing a license for a CRM software

like

Not familiar with rollovers and need some insight please 1) old ey 401k rollover to Ira 2) old ey 401k rollover to new employer 401k New employer has great funds in their 401k so considering 2 so we can utilize compound growth...

like

Upcoming interview with EY for a Senior PI position, what should I expect?

like

What would be a good TC +benefits for VP of Salesforce consulting in NYC?

like

Just entered my staff 2 year this summer. A large (private) client just reached out thru a recruiter to offer me a senior accountant position.

like

Additional Posts

A&M fishes do you feel pressure while taking vacations as your comp is tied to billable hours? Also what’s the policy on remote work, can people work from another country (eg. Canada or Europe ) for a few days if they are supporting during US work hours. Big 4 is strict about international work location, so just curious.

like

MBB salary broken down by level or year into the job from undergraduate please?

likefunny

I think DCFS should be called for a student and we brought it to the principal but because the students grandmother works at the school they decided to let her handle it. What would you do in this situation I don’t think the child is being physically or sexually abused but I don’t think his living situation is safe or healthy for him?

likehelpful

MBB FAANG Networth

likefunny

Looking to switch to EY cyber as a senior consultant. How many months of big 4 cyber experience post Masters is encouraged/required for the role?

I currently am trying to take two days off, got a mediation statement from OC, naturally I had to read it, and then I emailed the partner offering to do any follow up on the statement tomorrow. Lawyers trying to take time off… what a joke. anyone else have this problem?? Amazingly partner replied enjoy your time off and we’ll circle around Wednesday

likehelpful

We're going back to hybrid soon and my classroom is so empty, sterile and sad-looking. How can I brighten it up for my students and to lift my own spirits?

like

Used to work at BCG, went to industry and now planning to return to consulting. Anyone up for case interview practice?

like

Looking for insights into / feedback on datadog. Just got pinged by a recruiter and looks like they are a pretty solid firm. Any thoughts on prospects / company culture etc. this opportunity is with their marketing team. Thanks!!

like

What happened to BCG’s expense policy today?

like
like

Why shouldn’t same standards apply if you threaten to resign - irrespective of your race or gender or the type of research you do. Pretty sure I’d get fired if I used “threaten to resign” as my mode to get something

like

For those of you who have transferred offices, did you know anything about the office/clients/culture beforehand? In other words, how did you know it was going to be a good fit ? Or did you wing it

Anyone feel like maternity leave affected their raise and bonus? I don't feel like my numbers were adjusted and feel like I am getting the run around

like

I'm a first year atty. I make $45K at a small firm of 5. In the last three weeks, my assistant has been fired (caught with pot on break), another paralegal quit, and now another assistant has resigned. I have a caseload of 80, with no help. Boss says they are looking, they made an offer, but if that person accepts, it will be weeks before they are ready. I'm falling apart and crying at my desk and can't sleep. Told owner. "Hang in there." Do I walk now? Or hang in there?

like

Funniest big 4 story anyone? Let’s lighten up the start of the week a bit!

likesmartfunny

At Westin - water flow set to the detachable shower arm and the arm pointing at you! This may be housekeeping's revenge for all the mess we create!

like

🐠 fam, are there any resources for people who have lost their income, therefore losing health insurance but need meds? Contd’

like

Do any one have interview experience with Informatica company? Wanted to know the interview process. Any help much aplreciated.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal