Just left my employer and I have a choice to rollover traditional 401K into my new employer’s traditional 401K or traditional IRA. What should I roll it into? For context, I’m 28, single, in no urgent need for these funds until retirement. New employer uses fidelity.

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

401k. If you rollover into an IRA it makes any future backdoor Roth conversions a huge tax liability.

likesmart

Does this depend on income? I was told to rollover into IRA (Schwab) so I could choose and manage my own portfolio with more options

At what income does being able to use the backdoor outweigh freedom to choose stocks?

If you rollover to an ira you'll owe taxes against the rollover, if that's what you want check in with your accountant so you're not surprised when you file.

My bad, I had roth iras on my mind.

Related Posts

My generation is really f#cked up. It's impossible to save any money. And it's not that I don't want to. Is simply because I can't do it, by the end of the month there is really not much left. I'm exhausted of working to just pay bills 😔 Sometimes I wonder if those people that quit everything to have a better life are really the smarts one.

likefunny

Is the GSU price while vesting based on the market rate at the time of vesting or is it fixed based on the stock price during hire date/month?

like

If I were to invest $1000 today, would ADA be a good place to spend the money? Heard great things about it, but interested in knowing if this is the right time or if I’m late.

Goodbye XRP! Thanks for the awesome gains and good luck hitting that absurd $100B market cap 😁

like

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

like

Is Microsoft hiring for candidates with a healthcare background?

like

Am I wrong that physicians are the millennial snowflakes of the healthcare industry?

likefunny

What are some good east coast cities to buy an investment property in? For those of you who have done this before, what's better for a first time buyer/investor - commercial or residential?

Based in NYC but looking to buy outside the city. Something that's 400-500k and has good rental potential. Thank you.

like

What are the employee benefits if you join Lilly Bengaluru location.

like
like

Suggestions on Product based Companies for "Business Analyst/Product Owner/Project Manager" Roles under US Healthcare domain would be of great help 😊

like

Is it a bad time to open a gemini account? I know the SEC fined blockfi and stopped new accounts from earning interest; Voyager, Celsius, and Gemini were next to investigate. Should I wait for that to settle down first? Interested in using gemini earn for their GUSD interest.

Another question, how is gemini active trader? Fees seem lower than coinbase pro if trading low volume, but would love to hear thoughts on how well it works.

like

Any Art Directors / Senior ADs in SF or looking to relocate? Experience with healthcare clients a plus

like

What is a reasonable monthly budget for single folks living in Manhattan? I eat out rarely - maybe 2x / week and have the usual high 1BR rent + Wi-Fi + electricity and am netting monthly expenses at around 4K. Any other ideas on managing your money better?

like

Good morning!

Still trying to figure out this whole Fishbowl thing, so here goes my first post.

I would love to get into provider credentialing, but all employers I've looked at want at least 3 years of experience. So, I'm looking at Provider Network Coordinator roles, because I'm finding some of those roles don't need AS MUCH experience. I'm a RHIT, and have been working in healthcare for nearly 10 years.

Any input on employers is appreciated!

like

Can we upload yearly bill now for broadband reimbursement ?

like

i'm looking into getting an american express credit card.. this will be my first credit card, i do a lot of driving and traveling what would be the best one to get?

like

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

Hi all,
I’m keen to explore opportunities outside lab in healthcare/life sciences as either~> Market Research Analyst,~> Business Development Manager,~> Management Consulting,~> Product Manager
I have a PhD degree in Neuroscience (4+ years of experience managing multiple projects simultaneously, with 5 first author publications, 600+ surgeries on mouse brain studying brain injury and link to Epilepsy) 1+ industry exp as Scientist.Need some references or links who can help me connect to companies

like

Celebrate azadi ka amrit mahotsav and reach your financial freedom when India will be celebrating 100 years of independence. 🇮🇳🇮🇳
DM me on 7019194829 for more details!!

Post Photo
like

More Posts

I'm launching a small PE firm and need advice on structuring equity for early founding team members.

I don't want to give up equity in the firm for several reasons but I do need to incentivize my team.

Should I offer phantom stock or form a subsidiary LLC and issue stock in that but always own the parent co? Or just offer carried interest for deals they each manage?

like
like

What companies/roles sponsors visas at junior levels? I dont have any niche experience but would like to work in Singapore

like

How is celsior technologies aka pyramid consulting Inc i got offer today 20 lpa. Can anyone please provide details if you know about this company Tata Consultancy Infosys Mindtree Wipro Pyramid consulting Cognizant HCL Technologies

like

RIP, Chadwick Boseman.

Post Photo
like

Facebook Ads after iOS 14 changes.

I'll share my experience and urge you to share yours:

Since iOS 14 changes, Facebook ads isn't the same anymore. Why?

A. >75% iOS users denied tracking. They are no longer tracked across websites/apps. Facebook lost its edge.
B. Targeting and conversion tracking aren't as effective anymore.
C. Many advertisers have been migrating their budgets from Facebook to Apple and Amazon ads.

What's your experience? Let's all learn.

#FacebookAds

like

When adding spec work to beef up your portfolio, how do you choose which brand to work on?

like

What’s your worst experience with a senior? (As an associate)

Is it true we need to return the joining bonus along with GST if we resign within a year in FIS?
What if someone resigns a week after his 1 year completion? Do they still need to pay?

like

Hello all. What questions are generally asked during system design round in case of interviewing for Frontend Developer roles (YOE 3 - 4 years, tech stack: React Javascript, React Native)?

How many dress shirts and trousers do you recommend I should have? New to this and need advice. Sorry if repost.

Bhai log kaisa hai Accenture? Got level 10, security family group hai. Bata do jara doston thoda ghana jo bhi pata hai, dua dunga.

like

Anyone know the rules for delta basic economy tickets when the flight arrival has been delayed by 8 hours? I know the ticket is non refunable under usual terms but in this case would they issue a refund?

like

Eta on when bars will be fully open? 🧐

like
like

Hi All,
I am joining EY GDS next month. I have heard a lot about hectic work hours in EY and no work life balance. Is it true? If yes, how many hrs working should we expect in a day to be mentally prepared.

like

Hi all, I was told that my business unit is Finance Risk and Control in JPMC. My profile is Java Fullstack developer. Can anyone help me about this unit ?

like

Would you rather be a big fish in a small pond, or a small fish in a big pond?

like

Can't focus on Friday! I hate Audit

like

Considering an offer to go from firm (4 YOE) to become a privacy/product counsel for a tech company (non-faang). One concern for me is the potential of a recession in late 22 into 23 with the fed rate hikes. My fear is if that happens, me being on the chopping block as new in house counsel. If I stayed at the firm, I feel reasonably secure as an associate of not being laid off due to the market. How do in house counsel positions typically fare during lay off cycles? Any experiences to share?

like

Additional Posts in Consulting Exit Opportunities

Folks who made exits to tech - any regrets? Is the grass really greener?

like

Currently a post-MBA returning consultant at MBB. What firms should I target with significant Private Equity Ops groups or value teams? Have to leave after 2 years in consulting because I was sponsored but want to make sure that I understand the point at which I should be reaching out, etc.

like

Thoughts on Microsoft WLB? I hear overall good, but then hear it is team by team. Looking at azure federal senior pm position specifically

like

I do like the work..but I know I’ll be paid atleast 35K more if I leave..and not sure if the next promotion will happen sooner than 3 years..leave or stay? Don’t have much partner or leadership support but not in a bad book as well

like

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

like

How common are credit checks for roles in accounting or finance positions? Will high utilization on credit card balances and low credit score be a deal breaker? I’ve been irresponsible and made mistakes, but wondering if I can switch jobs now or if I’m best off waiting 1-2 years and cleaning up my credit first.

like

LinkedIn banner photos? Yes or no.

like

Thank you FB family. After a two year hunt for the right opportunity, I am happy to announce that I have accepted an offer at FAANG (TC - 280) . The road wasn’t easy especially the last 2 months. I took the interview overseas (basically 2am - 3 am calls), was recovering from a surgery and finally contracted covid. I got some good advice from folks over here CONTD...

like
like

EYP fishes can you please comment on TSE culture ?

likehelpful

ACN Strat or D S&A? Comp and level are more or less the same

like

Anybody heard of EveryMundo? Experience working with them / insights into culture ?

like

Gave a verbal yes to Salesforce. Offer letter needs to be signed by next week…

Today a recruiter for a dream role at Google I applied to months ago emailed me saying they want to bring me in to the first round of interviews…😫

like

I’m looking into exiting consulting and moving into product management. Picked up a few books to read. Would a PM certification provide a lot of value? Any other tips are appreciated! Thank you.

like

Looking for full stack developer to join my early startup. We are a small team but hoping to grow a lot this year. Must love books and geeky stuff

like

What are the best consulting firms to have a clear path to exit into big tech?

likefunny

$325k TC at MBB in a non-generalist (still partner track) path. Love the intellectual variety, smart colleagues, flexibility (WFH has let me take occasional 2-3h windows during the day for personal activities) - can’t take the stress anymore. Are WFH industry roles at the $300-500k TC level really that much less stressful?

like

Got an offer from MBB and they want me to start before summer 2021, is it possible to push it to later in the year like after Christmas 2021? I would come in the same level as me previous firm, so pretty much ignoring my past experience, not sure if that matters

likehelpfulfunny

In a Big4 deal Analytics group that’s not premier with no path to partner... should I try to move to MBB/T2 to gain traditional consulting experience or try for tech/FAANG... I just wanna make money

likefunny

Has anyone had luck pivoting from federal consulting to industry? Targeting data analyst/data science roles but not gaining much traction (aside from other fed opportunities). ~3.5 YOE

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