Opened a Traditional IRA with intent of moving it to backdoor Roth. When I try to move the money from the tIRA to rIRA, there is a prompt asking if I want withhold taxes now or at end yr? Should I?

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Year end (if your able to fiscally manage it), and you may not owe taxes on the transfer (pending several things, pre/post tax $, pro rats, etc)

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If you’re contribution after tax funds to tIRA, then don’t withhold. It’s already taxed money.

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Was planning to keep it traditional initially, but then changed my mind. Not much, a few dollars. I did call Fidelity. They advised I hire a tax advisor since they are not able to comment on anything that may have tax implications. I know!

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SPHR exam- has anyone ever been “randomly selected” for an application audit? This just happened to me and the sheer amount of effort that is going to go into collecting all the documents almost makes me not want to follow through. Since I didn’t finish undergrad, they’re asking for a copy of my high school diploma or transcript and that itself is going to be an absolute nightmare to get hold of. Guess I’m not really looking for a solution here, just venting.

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I have the Chase Rapid Reward card and gave 90k points saved up on Southwest over the years but I’ve stopped flying with them (haven’t flown in general due to pandemic). Is there a way to transfer these points to another airline, or even use them on hotel bookings? Any recommendations on how I can best redeem these points?

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Anyone have experience with BlankLabel? They’ve just opened up in Denver. Stuff looks really good, not that cheap, but not prohibitive given custom tailoring. Feedback appreciated!

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Hey all

Which SAP module has a good scope in future. Please suggest. I am an SD/WM consultant having 3 years of experience.

1. SAP GTS
2. SAP EWM

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Betting against continuous bull run for next one year and need to deploy 200k in low risk dividend stocks. Suggestions please.

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Anyone know if Asthma makes you eligible for a Phase 1b/1c vaccine?

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Do I have too much cash ($35,000) in my high yield savings account? No immediate plans to buy a house (but could be an option). Rent is $2100 and have no other debt or month financial obligations.

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Hi all, I recently received an offer as Quality Eng in Medical Devices. I’m base in Houston, Tx. What will be a competent salary for the position ?

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Hello fishes 🐠🐋🐟,

Please help me out here.... Your input will be really great.

I have herd that currently most of the companies are in hiring freeze. (Holiday season, recession or layoffs).

I am trying to apply job for many companies since last month, and i haven't got any response from any of them.

Are there any Organizations still out there who are hiring/open for referral and are in position to handle recession.

Please comment your thoughts. It might make someone's day.

Thanks.

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We actively hire global mobility tax, state and local tax, tax reporting advisory, and audit various sr and higher positions across the US at a top 6 public accounting firm. DM please

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I always hear the positive of in-house, what are the downsides of going in-house?

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Hi I’m in the interview process at PayPal and negotiating salary. The position is a Manager L 25 in Reg Reporting and I’m trying to figure out a range for Florida but can’t find much at all. Any guidance would be very appreciated

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Any help would be appreciated.

My current tech stack is Microsoft Powerapps, PowerBI, Powerautomate administration.
But when I search to switch jobs in the same, the options are very less. Why? Can anyone suggest? or, what exactly should I search for related jobs?

Should i change my domain? or, Should i study something else in the same domain to get jobs???

YOE:2 yrs

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We got a move-in 6th grader today. At the end of today (busses gone) I found out that this move-in has an IEP from TX. The students is certified is EI. We have to re evaluate- this will be an expedited eval as we have 21 days left.

Honestly, is this year ever going to end? These evals are killing me! 😣

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Dad of 1 year old twins here looking to switch to McKinsey after graduating from a top 10 MBA. How do you guys and gals manage it? Got any advice for me? Thanks much!

satan's expression 🤣🤣🤣

Post Photo
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Do you invest in commodities?

likesmart

Have anyone renegotiated with thoughtworks and got better package before joining?

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Hii sharks 🦈🦈🦈🦈

Can anyone of you please help in calculating how much will be my income tax per month(I am availing the Old tax regime)? Different IT calculators show different figures, not sure which is correct :(

And as for the interest amount in the Savings Account and Fixed Deposits, do both fall under "Income from Interest"? Or under "Other Income"? Or does Interest amount in Savings account fall under "Interest from Deposits - 80TTA"?

The figures are given in the screenshot 👇🏻

Post Photo
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Additional Posts in Personal Investment Chatter

If I’m above the Roth income limit, can I do back door Roth for my Roth IRA and mega back door Roth for my Roth 401k? And does back door Roth count against contribution limit for mega back door?

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Is BRK-B a buy right now?

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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.

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Best investment book recommendations?

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How to rebalance my portfolio? I bought a majority of my investments in the worst market conditions in 2020 and so maybe I’m just jaded by my own previous success/luck with that. Should I be selling off the non - etf stocks at some point? Or do you just hold those for ever if they don’t go to shit (e.g. should have sold off my PLTR a long time ago but since i was mostly just playing there i have held) ? When to get out? How to tell if you’ve held long enough to avoid short term cap gains?

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25 95k net worth, at what point would it be worth it to have someone managing my money in the stock market rather than doing it myself? when I hit 200k net worth?

For reference I do my own investing now but don’t really understand a lot of it and am not particularly interested in reading up…

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What are some good stocks to buy today?

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

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Where do you go for stock market news?

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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?

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What is a good introduction book on investing?

Moving to Dallas soon. Does it make sense to buy a condo or house even if I dont think I'll stay there for more than 3 years? I have family there that can help me if I decide to leave and rent this property. Any thoughts? Just dont want to keep paying someone else mortgage. Also want to take advantage of low interest rates.

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Would you recommend an associate making 90k base in NYC prioritize maxing out their 401k and Roth IRA even if it means they won't save beyond that? Assume debt has been paid off and 3 month emergency fund in savings

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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

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About to get a payout from a legal settlement ($300k-$500k). How would you invest it or what would you do with this money if you got a payout like this? My goal is to build exponential wealth, but would love everyone’s thoughts even if it has nothing to do with investing! (I’m 25, not married, no kids, have about $240k in student loans, and no savings)

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Anyone use composer.trade? Seems intuitive enough but lacking some fundamental features.

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Anyone out there living off of (or able to live off of) their dividends? This is my financial goal but I’d like to know if anyone is doing it. What’s your allocation? I have mostly REITs

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Not sure what to do with my student federal loans. Weirdly my private loans have a 3% rate while federal loans are at 6.5% makes no sense

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How important is it to diversify your index funds? I have mainly large cap US funds, but wanted to see if it’s suggested to diversify into small/mid cap and international. If so, what are some good ones?

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What ETFs, index funds do you all invest in and what u recommend in this recession looking like economy. I'm a beginner investor. Just opened my fidelity brokerage account.

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