Looking to do for the 1st time a back door Roth IRA. How much can I actually contribute per year? Are there any limits? Can I put 100k on it from the beginning?

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

Look at the pinned post

like

6K per year for IRAs below age of 50

Related Posts

Hello,

Can someone please refer for SAP BASIS/Hana in Capgemini?
YOE : 6.4
Notice period : 15 days
Preferred location : Bangalore

Thanks

like

At work do you ever describe who you’re dating without using gender specific pronouns just to avoid finding out if a co-worker is going to act weird about it? Lol

like

I’ve gotten great reviews and great work from my firm. One partner I just hate working for, though. She micromanages and sometimes it feels like she’s trying to embarrass me. Any advice?

like

I just signed an offer letter yesterday and today some guy called me about joining his project. Is that normal?

funnylike

Has Tiger Analytics started firing people nowadays?
Heard some news that they halted hiring and started revoking few offer letters.

Any idea anyone.

I am holding an offer and planning to join. Will it be a wise decision?

likeuplifting

401k allocation - is better to have constant rate throughout the year or try adjust for bonus? Currently with 155k base and target bonus of 30%.

like
like

Anyone know who did the breastfeeding ad that aired during the golden globes? Truly amazing and groundbreaking work

like

Should this be the year that we say NO MORE AWARD SHOWS?!?!

Do awards help or hurt the creative industry?

like

Hi! I recently moved in-house as an entry level attorney. Prior to that I was working in biglaw in a foreign country. My GC now asked me to set FY 2020-21 goals. I have no idea what to say as I just started working here and have no idea what to expect in the future. Would love to hear some of your experiences and any advice I can get on this. Thanks so much.

like

Does anyone getting similar mail daily :Know Your IBM January'22 - Register Now ?

Looking to switch in AWM and CIB or any compliance team . Anyone who can refer me please do !
I have 1 year 8 months of Experience

Jp has been a dream for me always ❤

like

Does anyone know if McCombs does calls re: admissions decisions and do they usually come the day of the decision notification deadline?

like

I'm thinking about applying to an SEO Director role at Deloitte Digital. Anyone have ideas around base salaries?

like

Hello, I currently have a job offer from a small consulting firm that doesn’t include an increase in pay from what I make now. I currently work for the govt as an Engineer. The new job is for a Sr. Associate specializing in cost analysis. When switching fields with no prior experience, is it common not to see an inc in base salary?

like

Currently doing Sales for Railway Equipment in Canada. Base salary is about 126K per year plus commission. I do well on commission, sometimes twice my base, but not every year. Just wondering if there are any other construction equipment sales people here that can compare base salary?

like

Recently Store Managers have been offering me jobs from different locations but same company in my town. The company is T-Mobile. It’s going to be my first job. I have a couple questions for any former/current employees. Is it better to work for T-Mobile, metro by T-Mobile, or a third party T-Mobile? Any difference in benefits or wage? Thanks

like

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

Additional Posts in Personal Investment Chatter

How do you calculate what tax bracket you will be at when you retire? Keep reading choose the option based of what tax bracket you will be at retirement but I literally have no clue

like

Best investment book recommendations?

like

I’m a first time home buyer and trying to figure out how to get started. Any good resources you all have come across or tips in general? Specific question in comment below

like

My partner and I are in our late 20s and spend about $6k a month all in in HCOL area. We gross a bit over $400k annually. Is that reasonable?

like

Are there any circumstances in which the giftee would pay to gift tax? I thought no, but I am now hearing there are situations where that would be the case. Can anyone with experience clarify?

like

Am I too late to buy a house now? Sitting on 300k of cash equivalents and want to use that as a down payment. Is there even a tiny hope for market correction in near term ?

like

Any thoughts on zero cost fidelity funds. Any you like?

like

Can anyone recommend good investment options in Bank of America HSA account? I feel their funds are very limited compared to what I have seen from 401k and IRA. Anyone recommends your HSA account?

Any online savings account recommendations?? Want to get a gist of what comps ppl are using. Please and thank you!!

like

Stock market weatherman here! Jobless claims up more than 1M, lowest since April. A second wave of COVID is on the way, no vaccine in sight. Stimulus has stalled. Tensions with China escalate. Weather model says these signs point to sunny skies 🌞 Not a cloud in sight, only higher highs.

funnylikehelpful

If a company in which I owned stock was taken private, does that mean I should sell my stock because the price isn’t going to change?

like

thoughts on buying airline stock? delta?

like

Can you transfer your stocks to someone else’s name if you’re working for a company with an independence clause?

like

Where would you invest a $100k bonus in the current markets? Was thinking about a split between crypto interest accounts (in USDC), stocks, and crypto… but BlockFi legislation and general shakiness in the markets have me worried.

Just paid off student and car loans, and gave a fair bit for my parents’ mortgage.

like

What are some ways you guys earn passive income (other than stock market) ?!

like

Is BRK-B a buy right now?

like

I max out all tax-advantages accounts and put 30% of my take home into an index fund. What/where else can I invest in?

like

Has anyone here bought land and built a home or completely renovated a new one in the city? Outside of timeline, are there other pros/cons you would highlight? What was more cost effective?

like

Has anyone invested in real estate using Lofty AI or PocketProperties? It seems like a good way to dip my toes into real estate - the minimum amount is $10-50 and I would benefit from receiving rent payments proportional to ownership and appreciation in value.

like

How much house can I afford making ~80k/year pretax? Also is it worth it to put down less than 20% despite PMI? I know credit is cheap right now, so I’m curious. TIA

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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