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Hi fishes, I recently cleared all rounds in Morgan Stanley YOE - 8 years Tech stack - Backend developer: Java Springboot SQL, etc Current CTC - 15 lpa fixed + 20% bonus Approx 17.8 lpa My HR round is still pending. How much can I ask for? In the manager round they said I will be offered the Senior Manager role. What is the salary range I should ask for. Please help.
Location is Bangalore.
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Any recs for CIPM study books?
There is a penalty if you withdraw before a certain age (i believe it's 10%), applied to the full amount of the withdrawal, in addition to taxes you'll have to pay on the full withdrawal. Really suggest talking to a CPA or financial advisor before doing this.
Rising Star
There are a few exceptions to this, like for first home purchases up to a certain amount. But super second that this is a covrensation to have with a financial advisor.
There are exemptions this year as part of the CARES act.
https://www.nerdwallet.com/blog/investing/cashing-out-401k-covid-19/
You have to be directly impacted by Covid though , otherwise it’s a regular withdrawal with full tax and penalty
Chief
Why do you want to take money out? Maybe we can help you flesh out your options.
You “need” to buy a “second” house. Oookkkaaayyy...
Chief
Well you’re right to be concerned because you’ll just have to pay taxes and the penalty, except in very, very specific situations that probably don’t apply to you
Chief
Ull pay a early withdrawal fee and it is counted as income so depending on how much you withdraw it can move you to another bracket. You can also just take a loan out depending on how much you need then there is no penalty.
Just did it for my mortgage...take the loan against it, and you can pay it back over 5 years no penalty