Should one open a Roth IRA in addition to their 401k?

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Yes, max out both

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Back to the Roth question, contribute to your 401(k) up to the company match, then contribute to a Roth IRA (if you're under the income limit) up to the annual limit, then look at other investments like Real Estate or whatever.

The reason is (1) the company contribution is like an instant return on capital which will compound for decades, so take it, and (2) a Roth because it's not taxed when you take it out at retirement, when your marginal tax rate will be highest.

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I do Deloitte 6% but it's laughable. 1.25% of your salary lol

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Good question, I currently contribute to both and have a total of 15% split evenly among both options. I like being able to have after tax and pretax money saved for retirement

If you're under a certain pay level yes. Otherwise you can't use Roth IRA

Your current self will be sad at putting away money that you can't spend now, but your future self will love you when you retire

At 59.5 fuck that.. Real estate is the way to go

It is an interesting concept, everyone says to be poor now and rich later, yet you can't really 'get down' when you're sixty plus. I say a healthy mix, enough to know you'll be ok and try to make smart choices now with your real estate options

In places like LA, people can make 100k/yr in appreciation, flipping, etc in the real estate market. This is with just one house, your primary residence. But a mid market house, fix it up, move in two to three years and just keep trading up.

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Significant other and I crossed the combined $1M net worth mark this quarter! Mostly in RE and 401k so we will not be FIRE-ing but still excited to be in the 7fig club.

Sorry, need someplace to celebrate and you guys are awesome.

likeuplifting

What is the difference in subscription to notified and subscription to approved mutual funds?

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Hello all, I am a healthcare professional, working in learning and development team, in a firm working for US healthcare Providers. I would like to get into Compliance roles. Is there any course/certifications that i can do, so i can work in healthcare compliance.
Your experience and advise will surely help me at this moment. 😊

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Hi all- new to fishbowl. Not really sure how to use and explore the app yet but I saw this bowl and figured I would introduce myself. I am a wholesaler for 401K and I am able to partner with advisors who currently uncover 401K opportunities or are looking to learn how to. Reply if you are an advisor in the NYC area and interested in learning about how to expand your business.

likeuplifting

Please suggest me best SIP to invest

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Under contract for nearly 1.1M. Wife and I are at HHI $315k. Will go up in the future, $400k in 3 years and $500k possible in 5-7 years. We have $300k in non-retirement funds, $260k of which will go towards acquiring the house. We have 2 kids and will probably reduce (not maxing) retirement accounts next 18 months to do this. Anyone have any thoughts or feedback? We’ll have to live on a budget and watch but I feel we’ll get used to it and income will grow.

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Hi new to dfw area looking to buy a house. How’s the commute downtown from Frisco/McKinney area?

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Do Optum offers some relocation benefits. Like inital days staying at some guest house/hotels.?
If yes then to whom we have to reach out?

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I’m applying to some PE funds (currently a BA at a top consultancy). I want to know, assuming I get in, when can I buy myself a Ferrari and a yacht?

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Hi y’all! I’m a financial educator and my job is to help families in need of financial education! I help anyone on learning how money works here in the US & how to get rid of debt! I offer financial products that help you protect and grow your money. I’d love to help you out in reaching your personal financial needs!
I’m also always looking for people to hire!

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I’ve been working for my State Farm agency as a team member for 2 years. I am licensed in property and casualty as well as life and health, but only make $13 an hour. I technically can make bonuses but I’m not supposed to dig into a sale and I have to send it to a sales rep (I am service and retention mostly). My boss also has me running a retired agents office until a new one is chosen (its an hour away with no pay increase or mileage pay). Also, no benefits! Should I start job searching?

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Looking to exit UTHEALTH SA for other opportunities. Healthcare is great but pay/retirement is womp-womp. How is comp and benefits at your company? Can someone who has been in academic medicine as a Clinical Reporting Analyst transition to other industries? Thoughts fishies.

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There’s a debit card that I’ve been using for the past 4 years and it beats out some of the cash back credit cards. It’s the Cash app debit card. I haven’t heard people talk about it in the card community and it could save people a bit of money - 10% cash back. I posted about it on my Instagram HerMillennialMoney if you want to learn my tips and tricks with the care.

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Hello guys,
Hope you all are doing good.!
Does cgi provide free udemy access??. Also do we get any reimbursement if we clear the online examination like Microsoft or ccna kinda certification? Pls do reply!

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Hey Fam, I’m thinking about doing DIY investing/passive investing. What broker should i use? I already have a wealthfront account. But I’m thinking doing it myself will have less fees. Thoughts?

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Hi guys,

I need an advice/suggestion here. I got an offer from 2 different organisations and choose one among them (Role: Analyst) because of the culture and benefits. And the other offer has a good pay and good designation (Associate Consultant) rather than the one I choose. Now i feel very low due to this decision that I took. I feel like I have settled down for a lower package and a lower designation. Is there anything that I can do in the current organisation that I’ve joined at a week back

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I went through two rounds of interviews for
a job that the posting stated $36.66 per
hour (FP&A Analyst)…the company
recruiter had told me in the initial call the
pay could be 32-36 because of the other
benefits. If I do get a job offer what range
should I try for? I was really hoping to get
around the 36-40 but now I feel like they
may try to offer lower than what was
posted. Also there was no range but the
average for this position is upper 70s-90k.
Thanks for any help!

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Hi everyone, any tips for resignation letters, who to meet/tell first, what to do before your last day (i.e. anything adulty like 401K or healthcare)? Any insights would be greatly appreciated!

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Accenture I am lvl 10 my fix cmp is 12 how much accenture will improve my sal in next year I have 6.5 YOE Also how to save tax ?in last mnth 88k(jb 3lac)gone in tax with joining bonus +this mnth 8.5k basic

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Shower thought:
Why did Toronto (or Canada?) change the exit signs from the classic red EXIT sign to the green running man? Wouldn’t it confuse more people especially elders in finding the exit?

Also isn’t it a waste of money for businesses to replace perfectly functional exit signs when renovating?

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What band does managing consultant belongs to and what is the pay range

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Hello,

How much is the salary package for Senior system engineer for 3 years of experienced professional.

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Do any female desis who are married take care of their own parents?

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Can anyone refer me for Accenture strategy management consultant role ?

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Is there any profile which is based on purely SQL and nothing else, no excel/tableau/powerbi task.

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Hi guys...TCS offices have opened or still wfh is there ?

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Rough out here.

Post Photo
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Is it a red flag if someone says they don’t believe in self help books like Atomic Habits, Attached, etc?

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Hello, please help me to decide, which one is better? Toronto: 100k CAD or Berlin: 68k Euro- both are before tax only. It would be helpful if anyone can give an idea about the in hand salary and the cost living for a couple in these cities. Thanks in advance!

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Interested in reviews for Annalect, an Omnicom group company.
Pls also like the post as I need to get my DM activated.
Thanks in advance.

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Hello,
If anyone can answer ,
On how time it will take normally for HR discussion and final release of offer after clearing the interview?

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Hi sharks
Any updates on internet reimbursement process?

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People that take medication, do you find that using marijuana in the evening helps with sleep?

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Does LTI not send welcome goodies to all employees ? I just got laptop, charger and bag😐

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Any junior transactional opportunities in the Sac area?

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My company is trying to get us all to vaccinate, even though I work remotely. Is this unconstitutional?

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Hi

Does anyone know, In citiusTech. Is it possible to shift to different technology..
Currently working in ETL Testing.. I want to shift to Data Engineering domain..
If possible to what will be the process ....

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Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

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Talk me out of relocating from DC to Miami

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How do you get any work done when there is always someone pinging or calling you?

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Does anyone know what roles are on the McKinsey office of the GMD?

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Lots of us are skilled at delivery but most sales books seem to focus on the pitch and closing... What are your best resources for learning to develop and nurture strong, lasting client relationships?

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Any book recommendations for the summer vacation season? What's your favorite book over the last year?

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Has anyone booked a trip requiring air travel and hotels/vacation rentals for 2020? Am I a giant dumbass if I do? I will go insane if I don’t leave my city this year and I’d love to get to the beach for at least a few days

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I didn’t like March 2020, and so far not liking March 2021

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Inspired by one of my kids' favorite books, I penned this masterpiece of an Ode to Consulting:

One senior partner all alone
Calls two managing directors on the phone
Three associate partners at the door
Bring along another four
Five senior managers come overdressed
Six managers show up with a guest
Seven senior consultants arrive in a sack
Eight associates sneak in the back
Nine analysts come to work
ALL THE CONSULTANTS GO BERSERK!!!

Ok, I'll show myself out now... 😂

likefunnyuplifting

How do I say to my counselor, "be prepared to see a big fall of my utilization because of things out of my control" without sounding like complaining or having a lot of negativity?

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Do you guys have Any good books on business? Not those self help books

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