{ "media_type": "text", "post_content": "Just started my first full-time position for 2021 and wish to max out my 401k. If I set it to 10% of my income, would it automatically stop when it reaches the max? Or would I have to manually go in and adjust it to 0% ? Ty!", "post_id": "6102608a496d53002a523486", "reply_count": 7, "vote_count": 3, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early" }

Just started my first full-time position for 2021 and wish to max out my 401k. If I set it to 10% of my income, would it automatically stop when it reaches the max? Or would I have to manually go in and adjust it to 0% ? Ty!

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

Every place I've had auto stops. Can always double check with the brokerage though The only * is if you hold two different jobs in one year and the brokerage changes. You may have to manually adjust then. Grats on your first position and awesome job starting to save early. Cheers.

like

Thanks for your reply!

like

Just want to check your math - 10% of your income for the 5/12 months remaining in the year will get you to 19.5k?

like

Came here to ask this 😂

Most places will stop you once you hit the max. I think it’s easier to calculate what % you need per pay period, then I add some more % on top of that to fully make sure I max out the 401k.

like

Related Posts

I got an offer from Deloitte and the role is Lead solution advisor. I am a python developer with devops knowledge. Am i consultant or not? Is there any mistake from the hr team? As far i know lead solution advisor not applicable to IT industry. Could anybody explain?

My Mom is traveling first time with me to India and I want her to feel the luxury and all benefits of United Airlines. If anyone has Global do you mind upgrading Mom's seat? Would be really appreciated :-)

like

My one month old baby has been extremely fast and has reflux, due to which she is not able to sleep lying straight in her crib. She just wants to sleep clinging to my chest in upright position. Any suggestions on how to make baby sleep well, and get some sleep for myself as well?

like

Hi everyone, I applied to the Google Bold Internship. I’m looking for a referral. If anyone can help that would be great!

like

I have an offer to join Pfizer as a SM in internal consulting role. Can I get details on work, WLB, culture, promotions, prestige etc. I am going to be taking a 23% pay cut to join Pfizer.

like

Any tips for an associate assigning work to more junior associates? I’m a mid/senior, and have a few clients. I’d like to loop in another associate on one larger matter but I’m getting some resistance. How do I market work to a junior, with the understanding that I can’t simply assign things given my position. I had a pretty diplomatic “no thanks” from one associate that expressed an interest in the practice area and I think there’s anxiety about overextending when there's partners’ work to do.

like

We have an opening for a data analytics/ RPA associate 2-4 years of experience. Join a rapidly growing team in a large regional CPA firm. Lots of opportunity.

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

Pregnant IBanking Director who will be a single mom needs advice on negotiating maternity leave - I have been with a boutique Ibank for 10 hrs and wish to ask for paid maternity leave and flexible WFH for another 3 months. Can you share any precedents form the industry? Our company policy is terrible (12 wk unpaid) and I wish to use my leverage to advocate for changing the policy for all future parents, not just for myself. Many thanks in advance.

like

Has anybody done the RSM excel case study for their TAS senior role and can provide some input on what to expect? RSM

like

Trying to decide exit plan. 3rd yr doing insurance coverage litigation, but not sure if I can spin that into in house or a solo gig that won’t be too much of a pay cut at some point (sole breadwinner with family here). Any ideas or anecdotes to help inspire the next steps?

like

What generally produces better returns - 401k invested in index, or landlords with leverage?

like

EY’s application status changed to “we’d like to progress you to the next step….” 4 weeks ago no referral and still no follow up. Should I just assume i’ve been 👻

like

Is it better to roll current traditional 401k (Merrill lynch) into new firms 401k (fidelity) or roll into traditional IRA instead (also with fidelity)? For context, im 27 male, will not need the money anytime in near future. I also want option to convert into back door Roth IRA one day if possible but don’t want to pay any penalties.

like

What is the consulting equivalent role level at as a Google Account Manager?

like

Any UK-based Digital Marketing 🐟 looking for a role with a people-centric global boutique? DM me your skills and I'll share the roles with you!

like

I lost my last job a few weeks before Christmas last year and it took me a long while to find a new one. Ultimately I ended up moving to a new city for a job I was really excited about. However, within the first few weeks I suffered a major medical setback which led to a crippling bout of depression. I am finally starting to feel like a person again but I'm afraid the ship has sailed on my having success in my new role.

like

Philosophical question (not trying to be political, just a genuine question I’ve been grappling with): do you think being pro-choice and pro-vax mandate are logically inconsistent? Both are sincere views of mine, but upon further reflection I haven’t been able to think of a way one position could be completely defended without undermining the other. Goes the other way for pro life/against vax mandates as well. The fact is, they just feel different to me, but I’m not sure why. Thoughts?

likesmarthelpful

Thoughts about taking paternity leave piecemeal? I.e one month full time then a 2-3 days a week for the rest of the two months so I can work while taking care of my child?

like

Additional Posts

Today marks 6 months since my dad died from Covid. Thinking about all of you who lost loved ones during this difficult time

like

Does anybody have a view on the growth path / trajectory for a Strategy and Ops Lead? I didn't get a very clear sense in my interviews, esp. because it feels like there is 1 manager for the team and so there is not a lot of scope for organic upward movement. Is it only through lateral moves within the org? You get enough tenure for the next role then find an opp to switch?

like

Does EYP offer new hires any kind of WFH stipend?

like

I got an offer from Deloitte and the role is Lead solution advisor. I am a python developer with devops knowledge. Am i consultant or not? Is there any mistake from the hr team? As far i know lead solution advisor not applicable to IT industry. Could anybody explain?

I'm a Tech Risk SC, but have an accounting/finance background. I'm doing the FRM now for broader cert experience, is it worth doing CA long term in my area?

Are promotions guaranteed at Big 4 if you stay long enough and get average reviews?

like

Any companies *actually* actively hiring right now??

likesmartfunny

Is it worth it to get an executive mba if I’m not working in the field I want while I’m getting it?

like

"Writing assignment" request for a lit lateral candidate. Already gone through 3 rounds of interviews and provided a writing sample. Is this normal? Amlaw 100.

like

For companies that will adopt more remote positions, do you think they’ll start offering candidates slightly lower salaries for the privilege of WFH full time?

like

How are you ladies dealing with social life and navigating the uncomfortable conversations around COVID protocols before you meet up? What do you do if the people in your friend group have very different ideas around what constitutes an acceptable level of risk?

like

Anybody have experience with Monta and Farer? I want to get a new watch soon to commemorate a new job/promotion. Looking at the monta atlas blue dial, also the Farer chrono-sport manual and Farer world time.

like

Expected salary for BAH in DC coming straight out of undergrad? Ivy League, consulting internship experiences.

like

Confessing that after all my pro- remote attitudes, I actually do feel more disconnected, and somehow, not as well liked/embraced working remotely.

like

Hi fellow immigrants. My partner and I are in the process of getting a visa, and we need an agent and as many contacts as possible for intent letters. Anyone that can offer some help? We're experience enough, hot agencies, hot cities, live work, real interest from NY agencies... Is just that we don't know people in the US yet. Any help would be appreciated.

like

Why don’t they care about natural immunity from previous infection? Several studies and doctors agree that natural immunity is just as good if not better than vaccines.

likefunnyhelpfulsmart

What grade (A-F) would you give your state or district in their covid response?

like

Does it bother you that the job market is so faddish? When I left college (pre-crisis) most wanted to work for a bank or MBB. Now all I hear about is FANG (but mostly G) and startups.

like

Anyone know what compensation is like for AVP at Barclays in Whippany or NY?

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