Thread on Retirement: How much do you contribute to your 401k? Pre and/or Post tax? What %? What did you decide to invest in?

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

@EY1 I contribute post tax because I live in a non tax state and I would assume I’ll pay equal to or more than 15% income tax in retirement. I do contribute to both. If I lived in a high tax state I would put all money into pretax to take advantage of the deduction on both federal and state.

like

Max 401k, plan to backdoor convert to roth when i FIRE and dont have income

like

12% this year. 14% next year. 17% the year after.

like

Post tax (Roth) 401k. 10%. Staff 1

like

Wife and I match our 401k and the rest go in backdoor roth and taxable accounts.

like

Yikes at everyone making their 401k...

like

Yes get one. I cont 6% and max my Roth every year

like

@ey6 I would contribute to a Roth if you have the money. A little bit at a time can go a long way

like

Why would you contribute post-tax? Isn't the whole point of 401(k) is for the pre-tax savings?

Max allowed - mostly Roth because you’re effectively putting more money away-

13% right now set to auto-escalate by 3% each year after comp talks. With match it works out to be around $12,500/year.

*max not match

Hey guys, so I contribute 6% of my paycheck to the 401k cause that's what EY will match up to. But my questions is When do people get Roth IRAs? Is it something I should be looking into as a staff1?

Thanks for the insight guys. Appreciate it :)

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

Does anyone have experience working for a ALSP? How does compensation work (pay and benefits)? Are you an employee or technically an IC? Do you have billable requirements like at a firm? How do you think it prepared you to potentially move in house? I'm currently at a firm but thinking of taking a position with an ALSP but my goal is to go in house.

Hi, I repaid my student loan today and feel awesome. Want to start saving for a home ($350-400k). Any suggestions if I should invest in something short term or a Roth IRA or let it sit in my bank?

likeuplifting

How is ProcDna firm in terms of wlb and monetary benefits?

like

30 July was special.
Salary credited. Tax debited.
Both were equal.
Ab pura August daal-chawal khaake!

funnylike

Are the AICPA life insurance plans better than the one offered by EY?

likehelpful

Which stocks have you invested recently and why?

Hi Fishes,
I will be joining KPMG global services and first time coming under tax slab.
Can anyone please share monthly payslip as I wanted to plan my rent according to HRA?
Also please share the Annual basic so that I can calculate my HRA accordingly.
Attaching my compensation plan.
Pleaaaaassssse helppppppppp.

Post Photo
like

Hello Fishes,

A component in the Remuneration structure named "Organisation's contribution towards wellbeing". Could you please help me understand what does it include? Is it subject to reimbursement?

Requesting the fishes to give some clarity on the same.

like

Bankruptcy folks: I read that Alex Jones was able to put himself into bankruptcy by claiming he owed a giant debt to a company he controls. Is it really that easy? I would have thought bankruptcy laws would be smarter than that.

like

Hi Folks, how much max amount we can retain back after 80c tax claims on income taxable amount. Any idea? Is it varies based on package? What is the percentage ?

like

FactSet hi, does anyone have experience working for FactSet in Norwalk, CT? How is the culture like? Are they promoting from within? Turnover? Benefits? Pay? Work-life balance? I’m applying for an investment type role and taking a job with them would require relocation. Anything that you can share is much appreciated, thanks!

like

How do I invest in Secure Gold Bonds? Any reliable procedural steps or blogs or videos available?

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like
like

Hi Everyone! I'm looking to transition from healthcare consulting to pharma / biotech preferably in BD / corporate strategy roles, especially in LA area. Would appreciate if you can share your experience if you have made the amas transition (roles? Work type?). Looking to get a sense of what type of work exists out there.

For context, I've a PhD in Life sciences and 1.5 YOE in healthcare consulting at a boutique consulting firm

like

“It turns out that wealth does trickle down, you just have to make them bleed first”

I guess they didn’t like bleeding so they’re trying to manipulate the markets in their favor AGAIN.

Post Photo
like

Hello Fishes, Am Joining Siemens Ltd Mumbai on 22nd August 2022. Anybody who has idea on the perks and employee benefits pls DM me.

Suggestions/ Advise from experts regarding Siemens Ltd will be highly appreciated in the comment box. Siemens

like

8k range was the long term 200 day MA support that everyone and their mother said they would be buying at. Well it’s 8900 and buy volume is basically nonexistent..

like

Anyone interesting consulting openings in Europe? Preferably healthcare/life science field.

like

More Posts

Quantum computing. Can someone through some light. Best place to learn more on this

like

Can anyone tell me if there is any portal for e-separation. My friend was trying to put paper but he works on client laptop and he did not know much details.. Is there any portal in velocity app for the same

Any intel on Ogletree in Chicago?

like

I'm looking for referrals for SAP BASIS. 3 YoE and serving notice period.

Please DM. Thanks in advance.

like

What’s in welcome kit for the new joinees ?
What’s the update on office opening ?

like

On average, have you seen VCR and CTR are inversely correlated? (When you click out on a video player, does that stop the tracking for quartile completions?)

Anyone read Quit Like a Women, by Holly Whitaker? Reading now and it’s making me consider extending dry January to 6 months, maybe a yr, or ever again...curious to hear if anyone else has read.

like

Looking to hire a Supply Chain Strategy Manager role at an SF consumer electronics company. 3-5 YoE in consulting. DM me if interested! Location is SF or Dallas but open to remote for the right fit.

like

Hey flocks ,

Greetings..!

Few of benz employes have Udemy & Orally access , for few MBRDI flocks don't have Udemy . any idea how to get udemy access.

Thanks in advance.!

Thanks in advance.

How is job security in PwC India?

like

I’m visiting fam & have a fully furnished 1 BR apartment with a large private terrace with grill, reclining sun chairs, lounge chairs, and outdoor 6 seater table in Midtown East available for month-to-month rental.

Full service, doorman building with elevators and laundry. The bldg gym is also open using an online appointment system.

Location: Midtown East - a block from subway lines and CVS. Just a few blocks from Whole Foods, Equinox and walking distance to Central Park.

DM for more info

like

Guys, can we work at any gds office if we have the id card?

like

When did you know you were falling out of love with your partner? Did you fix it, or break things off and why?

In search of stories to hopefully understand a phase in my own long term relationship.

like

Anyone here work for DCF? It wasn't listed as an employer.

likehelpful

Getting sober has made me realize how bad my boss really is.

like

What are some of the best consulting firms for digital strategy roles? Looking for a change and was wondering which of the T1/T2 firms have digital practices in Canada. I have applied to ATK and McK. BCG is working to establish their presence in Canada but their team is focused on establishing top down. Bain doesn’t have digital focus. Can anyone shed some light on other T2 firms?

like

Any place in the chicagoland area to get soup dumplings that compare to Joe’s Ginger/ Joes Shanghai in NY, i’ve tried Ming Kee and Qing Xiang Yuan. they aren’t even close

like

Yup!!!! That explains it!!
—-
#anxietydisorder #anxietyrecovery #selfcare #anxietyrelief #mentalhealthawareness #anxietyproblems #anxiety #anxietyattack #anxietymanagement

Post Photo
like

Oldest person you’ve seen that was successful in an analyst/associate program (no MBA)?

like

Additional Posts in Accounting

Anyone taken the CFE or CIA? Feedback is appreciated with respect to review courses and prep time. Thanks.

like

Are the AICPA life insurance plans better than the one offered by EY?

likehelpful

Are other big4 firms getting mid year raises right now?

likefunny

CPAs in private,

Anyone try AICPA CPExpress? What service do you recommend to fulfill your requirements?

like

Tax Senior 1-->2 average raise %?

like

Two in one special:
1. What gets you most excited on a weekly basis?
2. One aspect of today's society you wish you could change?

like

we've got a new hire who wears dress clothes to the office on saturdays. fuckin weirdo

likefunny

If I'm forced to use my vacation, floater, etc. towards my study leave for CFE but I have vacation booked for right after CFE, will PwC still let me take that vacation as a "leave of absence"?

like

FAANG is now MAMAA (Meta, Apple, Microsoft, Amazon and Alphabet)…Whoa Mama! As if there weren’t enough acronyms in our lives. Happy Friday All!!!

funnylike

Does Deloitte cover your whole gym membership?

likehelpful

What is the average salary for a controller data analyst role in industry?

like

How long is the typical wait to hear back about a job offer/no offer after a final round interview?

like

Do all big 4 firms “even out” experienced hire salaries over time?

like

TIL: I don't have rights as a public accountant

Post Photo
likefunnyhelpful

If you asked to be considered for early promotion and didn’t get it (despite being highly rated, exceeding billable goal, etc) would you look elsewhere? Is it right to be angry about it? I don’t want to spin myself up unnecessarily if it’s unjustified

like

Interview tomorrow for a tax associate opening at RSM. Been working in a mid-size city (different firm) that is about 70 minutes from this new home office in a larger metro. How flexible is WFH or dual model going forward post Covid? Am interested in this position and going to tax, but not be able to relocate for family reasons. Don’t want to drive 700 miles per week M-F. What will dual model be like going forward? 1-2 times week, 4-5 month? Seems like tax was more flexible than audit pre-Covid

like

Anyone have tips on passing REG? I gotta retake it. First time through, I read through the book and did MCs. What worked for you guys? Anyone do the Becker skills practice?

like

Anyone know how the Master's in Financial Analytics is at Santa Clara University? I was thinking of applying there for a chance to break into senior finance roles in Silicon Valley/Bay Area.

like

Novo: guys, there's been Labtop theft at the office before, what should we do to prevent it? Normal ppl: better security? Novo: Na, just lock up your laptops and if you don't, we'll confiscate it

like

Any post training/immersion stories from ATL to share y’all?

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