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hey folks, I am going to join Oracle ossi in Hyderabad location. I have never been to Hyderabad, and will be relocating. Please guide on what would be good areas to look for rent. Also, what would be rent like for 2/3 bhk. Ideally my budget for rent would be <25k. Initially I will be going but in future my family will join me once I am settled. Any points to note or any other gotcha to keep in mind ? Please suggest.
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Roth conversions are allowed, you just have to pay taxes on them. I don’t see a reason why you can’t keep it in a form Roth account, but then again every plan is different
Yeah I agree, I wouldn’t convert a large amount of pre-tax into Roth especially if you just started a new job with a higher income. I think what people don’t take into account is that your distributions in retirement are mostly taxed at lower rates than the rate you save when you contribute now. If you are in the 32% marginal bracket, you save 19500*.32 in taxes now, and it’s very unlikely you’ll pay 32% effective in retirement.
You wouldn’t convert pretax to a Roth, for several reasons that would be ill advised. You would just roll the it to the Deloitte 401k, or open a traditional IRA and invest it.