My new job's 401(k) plan allows for the mega backdoor Roth IRA. I am pretty confused by the strategy. Namely, can someone please explain --

1.) Why would someone do this? My HH income is well into the 32% bracket and my spouse and I max our 401(k)s, backdoor IRAs, HSA, 529 for the state deduction, have an emergency fund, rest in brokerage

2.) Assuming it's worth it, how would I practically do this? I'm assuming this is more involved than just keeping the paycheck contribution on.

Can partners comment whether Pwc is having another round of layoffs. This is so scary! Shouldn't they rid of partners who can't sell first?! Or pause hiring? Opp. cost to find and train talent again?

Have a week to prep. Anyone wanna case in prep for strategy firms? Was interviewing for MBB so pretty well versed just need a refresher

Best agencies in Europe?

How do you justify the ethicality of Airbnbs often accelerating gentrification and housing inequity in many cities? Do you weigh it against the GDP brought in by travel?

If you loved your small independent broker dealer but they had just been acquired by a much larger corporation which does have benefits in terms, mostly, in technology, but you lose your “family” in the home office, what would you do and who would you look at if you were considering a change of your own?

Does anyone have a helpful recommenders guide I could give to my recommenders?

I’m hearing from multiple sources that most bonus pools are 80% funded. Anyone hear otherwise?

Deloitte 🐠 - did anyone get selected in the H1B lottery this year? I have only heard of rejections so far sent from BAL

Interested in hearing what your firm gives clients for the holidays, if anything? Please provide firm size and gift/gift value.

Can you sell your used shrm cp books from the learning system? If so where?

Any ideas on how U.S. based techies and help their fellow techies in Ukraine?

Hey guys, how much will be the salary range for a Environmental Engineer with less than 5 years experience.

Anyone stay in Indiranagar ? Need guidance.

Hello everyone, I’m the new bowl leader (thanks Karinna!) who will be admitting and posting as the bowl grows. If you have any questions or concerns, please DM me. Or if you have something you’d like to post anonymously, I’m good for that too. Bear with me as I’ll be posting here frequently to get the bowl active on its own. Thanks and welcome!

Investment bank vs it company?
Data management/consultant role

Is there a definitive guide to cost of living? The obvious cost of living centers (SF, NYC, LA etc.) get covered a lot, but I’m wondering where my city falls. It’s a modest Midwest city with ~100k residents but is a relatively touristy spot. It often feels like a MCOL area but I’m not sure how to adequately judge that, and it would be helpful to know when comparing salaries and the like.

Have 20k, what’s a good small business to start with this fund? Serious question here

Finished Rich Dad Poor Dad and appreciate the emphasis on creating alternative cash flows (vs. just income). Does anyone have book recommendations on creating wealth? I've focused heavily on income + 'safe' investing, but intrigued to learn more.

For those of you who made your first million in net worth, what did you do next?

The unending cycle is for real. Reached my LeanFIRE number 2 months ago, yet I don’t feel satisfied. Still reaching for the stars… when will this human desire end?

What are some aggressive ways to control your spending? I tried a little but of everything(paying myself first, only debit cards,cash) but seems like i have the urge to spend and i do so. Any tips?

Decided to payoff my mortgage.

I was once at a dinner with a second year analyst, consultant, and partner, and the analyst said he planned on retiring by 30 and the partner and consultant laughed. Little did they know, the analyst owned his own home and rented all the rooms out so he payed no rent, never ate out, only grocery shopped, and very very rarely bought anything new. He saved most of his income, and was perfectly content with just his video games. That man was serious about not being stuck working forever.

Anyone have a net worth/budget excel tracker they want to share?! : ) prefer not to use the apps.

im 27 and could possibly retire if I kept my spending low. However you never know what’s going to happen, do you? How do you deal with the uncertainty?

Want to make investments but the market has been going up. Any advice on whether I should wait for a dip or just go in. Newbie here so looking for perspectives

What are the best cities to live in for FIRE?

TC New grad Software Engineer
Base: $110k
Sign-On: $35k
RSU: $120k/3years
Relocation: $20k

Starting fresh with virtually $0 savings and $0 worth of financial literacy, whats the best course of action? any advice is greatly appreciated!

What’s a good, practical tax book to read for someone who knows nothing about taxes? I feel like I should familiarize myself with them but don’t know where to start/find the topic very overwhelming and dense even as a finance attorney. Welcome to other beginning finance book suggestions too! (Already read Kiyosaki and Ramsey)

I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

Home reno financing question. Have a big project coming up in the $120-150k range. Funding sources are:
- 90k from a heloc around prime
- 10k from a credit card that offers promo checks at 2-3% for 12-18 months
- 375k in a brokerage
- 5-6k per month cash that I can put towards the project, loans, or brokerage

I don't want to stop funding the brokerage because my FIRE plan is less numbers based than "hoard like dragon until it's enough" but maybe I should... How would you optimize?

Vtsax vs fxaix?