Staff consultants, how much is your 401k amount saved up? Specifically your % contribution, the number of years you have been contributing, and the amount you have saved up as of now.

like
Posting as :
works at
You are currently posting as works at

also share your investment strategy, current real estate holdings, you mothers maiden name and name of the street which you grew up on as a kid

like

18k every year

like

personal and group amusement really, its hilarious to see people like you flip out

like

Divide 18k by your income. Round up. That's the % to max your 401k throughout the year. Any higher you go, the more you contribute per month and your net take home goes up in latter part of year once you hit 18k.

like

Max it out every year in a low fee total market index fund. Value of my 401k is irrelevant.

like

I started @6% contribution and automatically raise by 1% every year. My investments split 70/30 for s&p index fund and bonds.

like

There has to be 1 asshole from PwC on every damn thread. Just ignore if you can't/don't want to help. Why always so annoying?

10% contribution about 6k saved

@D1 Thanks. That makes sense. @EY1 sounds about right. Just wanted to check in since one of my friends has been saving up on his 401k for 2 years and has ~30k. And I am at 2.5k at the end of 1 year. So was a bit concerned on what I was doing wrong.

Max contribution, 2 years 3 months, $52k

I don't get the concept of max it out by end of year. Can someone please explain?

Max contribution to 401k in a year is 18k.

Is the 18k contribution irrespective of your firm and base salary? And is the 18k including or excluding the firm contribution?

18k individual

18k is related to your salary as far as contributions must come from payroll deductions, and it excludes firm contributions.

Folks 50 and older are allowed an additional 6k in "catch-up" contributions

I'm still a little lost. Every year, I can contribute a max of 18k? And my firm is going to match however the policy is? Currently say I contribute 6% of my paycheck, I can go and change that % any number of times in a year? Sorry for the questions but I just can't get an answer!

Yes you can change it any number of times per year. The government sets the 18k limit. There is probably an estimator on your benefits website that will tell you how much your paycheck will change for the different percentages. It's pre-tax. At ACN they don't start matching until after a year.

Traditional is pretax. Roth is after tax.

And at D AIP Is contributed in September as well

Fyi, spoke with Fidelity guys today. Their advice is if you are below 30 and earn less than 85k, u should contribute atleast 10% towards 401k with mutual funds focus on equity, and contributing all through ROTH. Above 85k contribute through Pre-tax. Age is irrespective in this case.

Related Posts

Anyone use the Apple Card to buy iPhone on monthly installments and submit Apple statements for the cell reimbursement? Or do we have to buy phone through cell carrier?

like

Hello everyone, I'm trying to get into real estate investing. Some of the books I've read have talked about buying a multi unit property and utilizing investors to get the necessary capital. Does anyone have experience in getting investors? How do you identify investors who may be interested? Are there any sites where you can invest in or post investment opportunities?
Thank you in advance.

like

First time investing:

1) When I sell my stocks and have capital gains, how much do I pay in taxes? %?
2) Are Boeing shares worth it?

like

I’m 25 living in Chicago, decent paying jobs, no bills/loans. Is it best to rent or own?

My direct report expensed Cal Bar late fees assessed for reporting MCLE credits late and for paying the bar fee late. It’s around $190 extra. I don’t care about the money (it’s not mine) but I think this is principally wrong to ask the company to cover it. Thoughts on this and how you would communicate it?

like

Tampa lawyers who work downtown: where do you live? Looking to purchase a house soon and am trying to decide between a low commute time (crappier house and a tight move financially) and a longer commute time (nicer house and more comfortable financially). The longer commute time also comes with better public schools, and I want to have kids.

like

Hey fam! Asking for my SO. She’s a SC2 at D interviewing at Cognizant for their Healthcare practice. Would like to see what’s everyone’s opinion is about the firm, the WLB and nature of work?

like

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!

like

Best way to develop your leadership skills for the healthcare field? Or books/resources you would recommend?

like

To the struggling healthcare student. It’s okay to struggle and not know stuff. Sincerely your friendly neighborhood physical therapist.

like

Is QEF inclusion dividend or not? Sometimes, I see QEF inclusion reported on Line 11i and sometimes on Line 6a. I think we can rely on Sec. 1293(c) but I think it’s not foolproof. My hunch is since QEF regime is tailored to treat the PFIC similar to domestic mutual funds, we should not treat the QEF inclusion as dividends. Any help is appreciated.

like

How do maternity benefits work for NJ? 16 weeks paid leave?

like
like

Why do there seem to be so many comparison threads of achieving XX salary/net worth by age Y?, especially amongst younger people? Is this the fallout of social media and do you think it’s a generation-wide thing, or just contained to folks in “preftigious” circles?

like

When there is FUD you buy

like

This is my first yr having access to an FSA through my wife’s benefits. Trying to decide on an amount to contribute and it’s tough. We may or may not get pregnant this year and that’s a huge. Cont..

like

So what percentage of your income do you spend on housing?

Post Photo
like

If anyone is interested in investing in crypto, I’m running a kickback campaign on Vauld, where both, you and I can reap benefits. You could also FD your crypto investments at interest rates as high as 12.68% for a few tokens.

Comment here or DM me personally if interested to talk further. Note that this crash is a great opportunity to enter. 😊

More Posts

Best neighborhoods for mid twenties couple for a decent price? Would prefer to be near good restaurants and hopefully around other young people. New to SF so not sure how common this is but love buildings with a gym!

like

Hello
Anyone working as a Team leader in Operations team of
Standard Chartered Bank? I have taken the assement for the said role, need some suggestions and informations. Thanks in Advance. Standard bank Standard Chartered Bank

like

Hi! We just adopted ARC reading curriculum, and I am soooo excited! Is anyone else using it? I would love to hear what you like/dislike about it!

like

What tools do you use to conduct vendor research and select a vendor? Any helpful tools to standardize the process and keep everything organized and make it into a nice report?

like

How do you make small talk with people you don’t really have much in common with? Working with a few people in the team and feel like there’s a wall between us I can’t break 😞

like

Hi all,
How is
KPMG India ? Someone reached out for strategy team at Customer & Operations for financial services practice.
I was told they specifically cater to Indian clients.
Please guide me with the following -
What is the traveling expectation, how are the hours, do we need to work on weekends?
How much salary and designation I can expect.
Current Ctc 30L, Infosys consulting, senior consultant. Expecting 10% hike in August/September.
Thanks in advance.

like

Hi Guys,
I got offers on LTI, CTS, OTSI, HallMark. Could you please suggest which one is better

What is Bain SAC comp these days?

like

The language is that of Mordor, which I will not utter here...

Post Photo
likefunny

You guys getting pizza parties?

Post Photo
funny

Looking for a job change, have an offer in pipeline with Epsilon , first will like to know about the company, it's WLB, Clients and Data Science Projects. Secondly I am looking for more options. If anyone can refer me to the companies : Amazon, Adobe, Walmart, Intuit, swiggy etc Product based companies, do let me know.Adobe LinkedIn Intuit Amazon Swiggy Apple Morgan Stanley Uber Walmart Flipkart for Data Scientist role. YOE 5 years+ Much Appreciated.

like

I am so excited at the opportunity to go to my first SHRM meeting!! Slowly but surely this HR door is cracking and I know I am getting in!!! 🥰

like

Hi there! Just signed my offer letter and am excited to get started at Visa in the coming weeks. QQ: Does Visa reimburse gym memberships? If so, how much?

like

Ladies any recommendation for lash extension in Boston?

I am beyond stuck in my first 1.5 years of my career.

I was over promised opportunities at my first gig and then Covid hit. Leading me to have no portfolio worthy pieces from this 💩 agency with nothing great in sight. (place hasn’t won a pitch in my entire time here + lost clients)

I’m juggling re-vamping my site and a side project to hopefully make my book more robust.

With no kind of leadership or mentor, I’m just figuring out how to dig myself out of this hole. Any advice for this chump?

like

Does anyone here work for Axiom or know someone who does and, if so, how difficult is it to stay fully engaged?

like

Hi All,

Is $75kpa enough for two in USA, Georgia, Duluth?

I think post tax deductions I should get around 4.5k per month.

Please advice.

Current CTC is 14.2lpa.
However I have a 9 yoe and current stack is GCP, Python,Airflow etc for data engineer.
If i switch chances are I can get a 20lpa+.

My wife is not working and we plan to have a baby next year.

Please advice.

like

Additional Posts in Consulting

🐠 in Bay Area Tech/Prod companies: Do you generally experience that the tech folks just don’t respect the non tech ones? There is this general mindset that I will not respect you or care for what you have to say unless you code better than I do? How do you navigate this?

like

So I’m in industry from big 4, and a colleague with same yoe comes from MBB. High paying tech firm. I think I work harder and produce quality content at speed, but they can hold executive conversations that tend to impress senior stakeholders.

Big 4 produces work horses and MBB produces leaders. Also they could be a work horse too since I don’t have full visibility.

Anyone have similar experiences or do I just suck at executive stakeholder management?

like

Does flu shot work? Have never had one. Consider getting it now I travel so frequently.

likesmart

Is it too late to buy the FAANG stocks? Still feel that Amazon and Google are undervalued.

like

Suggested books or resources to learn more about strategy consulting? Different analysis, acronyms, etc.

like

So who else is at Hilton Orlando this week?

like

Anyone been to the Harvard Extension School - Consultant’s Toolkit program? Any insights to share?

like

Feeling lost in my career (10 yoe, 9 in consulting). Anyone feel this before and how did you get through it (career coach, books, etc)?

likefunny

Why are firms not cutting pay for the bay area/NY types that move to lower cost cities? Why are they not giving raises to the people who already lived in those lower cost cities? Assume same rank, project and bill rate. This is happening more than you think!

likehelpful

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?

like

MBB Human Capital or FAANG Product Manager? Both are in NYC and compensation is similar. I have 7YOE in risk management at an industry specific (tech) boutique investment bank.

like

Looking for advice about workplace accommodations for mental health - calling all people with mental health issues and managers who have dealt w that. More info in comments

like

Looking for non- fiction book recommendations. I just read Shoe Dog and loved it.

like

Could someone please explain change management consulting to me? Like what is the day to day?

like

Any suggestions for self help books on anxiety? Been dealing with anxiety for quite some time now and have been seeing a therapist but also just want to see what other resources are out there.

like

Would a failed PIP still pay severance at Big 4? If so, how is severance calculated?

like

Google has tuned their face recognition algorithm sufficiently well now that it feels it can finally charge $$$ everyone for some storage space for pics....

Post Photo
likefunnysmart

A first for me, after 1.6 million miles. Thankful for a delay. The delay on the connector saved me a night at ord Hilton after the ludicrous delay on the first leg.t. Truly grateful united

like

All I want to do is curl up in bed with hot tea and a good book. Recommendations for if I ever achieve said dream?

like

What do you do with an incompetent manager? You go the extra mile and fix everything and make stuff look good, they get the credit. You do a good job and project goes south, they start blaming you for not delivering (even you delivered)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal