What are most of you contributing to your 401k per paycheck? My plan recommends 8% but wondering if that’s too high.

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

I have been maxing out since I have been a first year

like

Same.

like

Aim to max out unless you can’t afford to. In which case, at least get the company match

likesmart

Max. And then another 40K thru mega backdoor

like

Max both pretax and megabackdoor

like

max out at 15% because that's split between pre tax 401k and post tax mega backdoor roth

like

My match is 6% so I contribute 6%.

like

max to reduce your cost basis, aka, your taxable income. max out backdoor roth, the rest are invested into AI, Semiconductors, Robotics, Cryptos and the Future

funny

Pork futures

funny

15%

I strongly recommend you consider hiring a CFP (certified financial planner) to teach you the to map out what you will need for your version of retirement and help develop a plan. I think once you go through that exercise, you will understand why many people are saying max out if you can afford it.

I maxed my 401k throughout my career. Retired at age 60 with more money than I need.

I max out everything (401k, HSA, backdoor Roth) + a little towards Brokerage/safety net.

I am an older millennial in the U.S., and have Zero faith SS will be around for me at retirement or if it is, whether it will be beneficial. Same for healthcare (Medicare). So I am saving like there will be no benefits for me at retirement. Hopefully, I will be surprised

Related Posts

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?

like

Does anyone ever feel like they are wasting their 20s? To be honest after rent, student loans, and 401k/savings I really don’t have any money to do anything (travel, hobbies, etc)

likehelpful

D 🐟: What are the differences in benefits between Deloitte Advisory and Consulting?

like

Hello Friends Am working in Presales for past 3 years. Overall 4+years exp. Got offers from pwc n Grant thorton. Pwc offered 9.3 Lpa fixed with other benefits. Grant Thorton 9.75 Lpa Fixed. Pwc one is US shift (6pm-3Am) while GT one is day shift(11Am - 8PM). Considering more ctc n day shift in GT over night shift in PWC. Is it good decision to drop the big 4? PwC Grant Thornton

Big 4 junior level feels while trying to get promoted with no raises, no bonuses, no travel benefits, and 60 hour weeks with no separation between work/home “but you should just be happy you haven’t been laid off”

Post Photo
likefunny

Roth vs Traditional 401k, thoughts?

like

Any consultants from Deloitte who can help to staff in a healthcare project? I’ve worked with healthcare clients for 10 years and relatively new to the firm.

like

How is tiger analytics in terms of work culture and employee benefits ?What is the annual hike percentage that tiger provides ?please pour your thoughts.

like

Not sure this is the right bowl for this really but anyway - does anybody have an idea of what Cerner does? I have an offer to join as Healthcare IT consultant but I BSed my way through every stage. I still actually have no idea what it is they do…

like

Have never invested outside of 401k. Think I may start being able to put ~$500 in the market each month. Where / how do I start?
Happy to provide more details about my situation if its helpful.

like

What are the health insurance benefits provided at SAP India ? What is the base cover and how much can it be extended to ?

like

How is Bain & Company’s Healthcare Practice? I know McK is solid for physicians and military folk, but I don’t know anything about how Bain would be for a doc

like

Can someone recommend affordable health insurance? I left the firm earlier and am expecting a gap of medical coverage until I find a job. Currently not actively seeking either...

Hi All, I'm moving to a Corporate
Development & Strategy role at the
analyst level (fintech focused) I
wanted to get some transparency on
how much I should be asking them
for comp (please let me know base
and bonus)

My past experiences is I was a
investments banking intern at
Citigroup on the M&A team and was
a Private Equity Summer Analyst at a
healthcare focused fund. For the
past year after I graduated I've been
working in a rotational program
that's focused on institutional sales.

like

Hi fishes, I want to submit broadband connection reimbursement request via Global Claim System GCS. Is there any chances of background varification regarding the broadband bills??
Thanks in advance.

like

Is there any internet/broadband reimbursement program here at HSBC EDPI?
If yes, how much?

like

Which of the Big 4 is best for a new MPH grad looking for their first time role healthcare related, esp project management focused? (Assume east coast)

like

So I’ve been with a court for a while and honestly the pay sucks compared to what paralegals should be making… the benefits are great though and they match my retirement 100% now that I’m vested at 3 years.I have 4 kids and 1 is getting ready for college. I feel like the benefits are great but I’d rather make more now. I am a previous LEO for 4 years who switched to paralegal so I have my leo retirement. Paralegals here make $28 with no benefits what is a good compromise

like

How bad is reneging a week before I start? Have an offer with FAANG but the role is sales. Got a dream job with Disney in Analytics & Strategy with comparable salary. Should I stick with FAANG?

Better manager & culture & benefits at FAANG, better role & opp at Disney

like

What is the salary range for a non IT business analyst working for a healthcare company?

like

More Posts

Accenture has many openings for DOT NET. Anyone who wants referral. Dm me

like

Hi if there is any opportunity for project management or qa testing can anyone share.

How do people make friends here? I have the ones i grew up with and a couple I made in the last couple of years (neighbors/through mutual friends) but I generally find that people here just stick with their social circles

like

audit manager salary in charlotte, nc?

like

Recently i joined cgi but the project does not ses much good as per tech stack.Is there anything I can do in this case.I am tagged to this assignment but project has not yet started.Please help me with issues?

Hi fishes can someone tell me what's the CTC Tata Consultancy offer for ReactJS developer of 2.5 years of experience?

like

Longest dry spell? Single people only!

like

What is the highest limit of fixed salary for Senior Consultant with band-c1 in EXL as i am joining immediately

Max or Lewis fault?

I think it’s 100% on max. By breaking so late he was banking on Lewis backing down, which was very risky.

likefunny

I've recently went to a restaurant and saw a robot waiter, I thought that was the coolest thing. What do you all feel about this shift in the restaurant industry?

like

Covid-19 coverage: what are you seeing? Where are we headed?

like

Anyone know of any tech jobs out there that seem complex? Ones that someone can do with zero schooling but lots of experience behind them?

like

Hello, Please refer me for any open positions for a tableau developer role. Having overall and relevant experience of 7 years 3 months

like

Any opportunities open in the CCM team, or marketing related opportunities at ZS? Looking to Evolve, not sure of the right next steps. Any tips appreciated!

like

Any MNCs hire me If I performed well in every phases of the interview and I have 2 backpapers in my B.Tech degree course??

like

McKinsey & Company I did my final round with McKinsey today, and I I received a rejection call from the partner today. However, he said I did really great and wants to keep in touch with me. He also mentioned that I should reapply in 6 months. Does anyone have any similar experience? Do I have a better chance if I reapply next time?McKinsey & Company

like

Hello Amex Fishes,
Can someone please help me with what to expect in 2nd round of interview for product development analyst? Thanks in Advance!

Hi Folks,

How is
UST in terms of oracle cloud projects?? Do they have good cloud implementation projects or only support projects??
Need some info regarding the oracle practice at UST.

Thanks in advance.

UST Global UST

How much do Outreach care specialists with Anthem / Elevance health earn?

like
like

Additional Posts in In-House Counsel

Have an interesting scenario. Holiday party season is approaching. At one of our parties (during working hours) there is an optional “talent show.” Employees can win door prizes. We have an entry that is a religious song - like one you would sing in church. I assume we need to let this employee perform this - or we are setting ourselves up for trouble. Likewise, if we permit this song, I assume we cannot compel attendance to the talent show. The talent show is part of a lunch thing.

likesmart

Have you had to change your start date after accepting an offer and how did it go? I told them I need to give 30 day notice and so I set my start date (incorrectly) assuming the background check and drug screen would take a few days to clear. However, the drug screen is now taking over a week and a half (still not finished, maybe tomorrow). Apparently things are much slower due to staffing issues and labs are backed up. It’s cutting into my 30 day notice significantly. Thoughts?

like

What would be a reasonable salary for a 3rd year lawyer in house at a real estate development company with a total of 3 lawyers (they are co-gcs for different parts of the company)? I’d be the 4th lawyer in the department as a whole. HCOL area.

like

Are there any in-house jobs that focus on strategic thinking, advisory, research, writing/communicating with business teams? Or do they all mostly focus on drafting/reviewing contracts? I’m in big law and yearning for a lifestyle improvement but am concerned with getting bored in-house

like

Forgive the basic question but can you contract around state statutes? For ex, customer wants to insert state contractor payment statutes and have that state law govern. I’m assuming the way around this is to have another more preferable state as choice of law?

likesmart

Any downsides to leaving a “Counsel” role and moving into a “Legal Affairs” role? Still practicing and representing the company, just a difference of titles, so core work remains the same - what do you think?

like

Up for an in house position at Big 4 consulting. What is the salary range? Anyone have insight? Anyone have insight on the work life balance?

I'm a first yr attorney at an insurance firm and am in the process of interviewing for an in-house position at a tech company. The position is pretty much generalist, but I get the impression I'd be working mostly on SaaS and partnership transactions. I definitely think I would like the transactional work better, but I am concerned about the long-term earning potential vs. partnership. How common is it to eventually make $400k+ in-house/how difficult is it to transition back to a firm? Thanks!

like

Outside counsel has been prepping company witnesses for a trial in August. It is my subject area so I am supervising outside counsel. I did not, however, choose the counsel. He is doing a really awful job. Co counsel is better, but not great either. Higher ups love the firm… I do not want to micromanage, but I have genuine concerns about outside counsel’s ability to try this case. Trials are rare, and I just don’t think these guys have actually tried many cases. Cont. below…

like

Any thoughts on iCapital?

like

Anyone work in the OGC of the Big 4? What was your experience?

like

When negotiating salary, what is a reasonable ask in terms of increase? I am really hoping to be about 14% higher.

like

Any product counsel for AI-related companies here?

like

How does it work when you live in one state but represent & work in house for a company with operations in another. For example, if I live in California but I’m licensed in NY & working for a company with NY operations. Is this ok?

like

Anyone here with insight on Adobe? Base pay, culture, hours, etc.

like

Any tips on negotiating discretionary bonus with your annual performance review?

like

In house interview- I am going to hopefully the final round of interview to meet the whole legal team. I was asked about my availability, and it will take 5 hours if in one day. Should I split to multiple days? Will it cause any issues? Anyone on both sides can speak from their experience? Thanks!

like

Any recs on how to land an in house gig? I’m applying to things online with no bite

like

Anyone have any leads on a Trademark Counsel position? I'm just starting my 7th year of practice and want out of private practice. I'm in Colorado and would prefer to stay here but am open to full remote opportunities as well. Feel free to message me if you know of anything. Thank you!

like

what are your average weekly hours?

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