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SAG on a rampage these days....
Hi Fishes,
Going through interview for Senior Data Analyst role - Uber Hyderabad.
Skillset - Business Analytics & Intelligence, SQL, Python, Azure, Power BI
YOE - 5.6 | CCTC - 11 lpa | Counteroffer EY GDS - 18 lpa
Kindly provide any ballpark number/range of CTC at market standards for Uber for above profile? Uber
Thanks in advance ;)
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There are some excellent articles on this point online. The short answer is that an in-plan Roth conversion will require you to pay taxes on the gains on principal from the original after-tax contribution. If the in-plan Roth conversion occurs on the same day (automatically), then there should be no gain on the original deposit, and thus it is functionally equivalent to making an original ROTH contribution, which will grow tax free.
@A1 This is what I thought, but I wanted to get validation. I just hit my 401k max last month, so I don't have that much in my aftertax at the moment, but I'll have a few $thousand more by EOY. If this was an option to limit tax liability for the gains, I'm here for it. 🤑
This is anecdotal, but our plan allows both in plan Roth rollover and withdrawal to IRA for mega backdoor. If you do IPRR (and I did last year for a small amount) it seems to no longer give you the option to pull just those funds like you can with after tax for MBDR. If I want to pull that to an IRA it looks like it will come out pro rata with some pretax and some Roth.
This year I am doing mega backdoor instead.
A financial advisor
No.