What are tax implications of backdoor Roth? My understanding: I contribute $7k of after tax dollars to a traditional IRA, then convert that 7k to my Roth IRA. What do I owe taxes on? Online says I owe taxes on the 7k but isn’t that double taxation bc it’s already after tax dollars? Thanks!

Big legends Guide to Three-Fund Portfolio. Yay or nay? Additionally, please share personal finance books that you recommend to newbies! Thank you and happy holidays!!✨

Why you should stay invested : asset inflation, then normal inflation, low rates forever, trillions in additional stimulus, dollar destruction (on purpose), coronavirus pushed tech ahead a year or two in adoption. STONKS ONLY GO UP!

Does j2 background check decline you if they see you’re still employed with j1?

What is the benefit of investing in mutual funds such as VTSAX over a similar ETF other than reoccurring investments that allow you to set it and forget it? Is that why people choose them?

Dow sit make sense to not put money into 401K until you go to business school and start again?

H1-B, have a stock brokerage account as US resident and planning to go back to India for good. Any recommended stock broker that allows maintaining the account form India without US address?

This is an emotional dump rn. It may be lack of social interaction but I'm really frustrated lately. I feel like I lost last 2.5 years of my life with ongoing lockdowns and job instability in the first half of the pandemic. I was 28 turing 31. I get good dates but -ve self talk
Inflation is high & coming from a low income family where you're supposed to help your parents is driving me nuts. Although I make a good salary, after rent, car insurance, there isn't much left (unfav currency exchange)

Y’all I want to thank you for the tax discussion/questions we have in this bowl. I've been applying it to my job and it's helping. 😄 Of course, everything should be taken with a grain of salt.

Should I continue to live at my parents house in the Midwest as things start to open back up or move back to my assigned office city on the east coast? I’ve been saving a lot of money, but I don’t have any friends out here in suburbia. I’m only 25, no student loans, and kind of want to live the city life and make some friends, but I’m hesitant because this high savings rate is really nice and my project at work would be remote even without covid, so I don’t HAVE to move out anytime soon

New to investing. What are some good stocks to buy apart from from investing in ETFs?

Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
Also which proofs needed for,
80c - elss lic
80d - insurance for senior citizen parents
80ccd1b - nps

Hi,

Where to invest to reduce the taxable income of 8 lakhs after investing 1.5 lakhs under 80c and HRA 1 lakhs ? Medical insurance 50 k I’m aware of it and I don not plan on any house loan. Please suggest.

Should I ask for a refund for my Delta flight or keep it as credit that can last til 2022? Delta is losing about 50m a day, so it’s a bit concerning. What would you do?

Shoulda just sold my stocks to pay my taxes instead of holding and using cash 😂🥲. Same result - except now I have to hold longer

Newbie to investing. What are good online courses / books to get smart on investing?

How do you effectively plan for retirement?

too ambitious to seek a 1-bed EV / stuy town on 100K ? If you have a success story please share (or send BK recs)

How do first rights (ROFR) work at ones death? If the company has the right to shares anytime there’s a transfer of possession, does that mean the inheritors have to make an offer to the estate for the shares and obtain the boards approval/rejection of the offer?

I need help from an accountant or a financial analyst. I need to compare fed vs private company retirement and help me create a retirement plan. I will pay for the services. Thank you

Can anyone give me freelancing opportunity in data analytics?

Hi Fishes.. Does Barclays offer any Diwali gifts ? Just curious to know 😄

Can someone explain 704(b) in simple terms?

Question: I’m new to all this so sorry if this is so obvious. How often do mid to large size agencies contract work out to smaller ones? And what’s the best way to go about starting that relationship?

PwC CMAAS or A&M?

Hello Guys,
Need suggestion!!
I have offer from ,
Relience Jio - 23 LPA fixed, 2.5 LPA variable and 1 LPA retention
Nagarro - 22.80 LPA fixed, 1.2 LPA variable, permanent WFH
Societe generale - 22 LPA fixed, 5 LPA variable

Please suggest which will be good to join in terms of wlb and job security.
YOE- 5
TECH - JAVA, SPRING BOOT

How do you explain a small resume gap?

Those of you that were on Agency and switched over are you producing projects at the same level? Is there operational support? Can you push back on the bad ideas? Are there leaders who ‘get it’?

M&A associates: is it normal for first years to have only same-day tasks? I have not been given a task that wasn’t due either ASAP or by that night in weeks. If this is the norm, do you recommend any other (more predictable) transactional practice groups?

Hello guys, need good docs/website to learn S4 HANA so that I do not get lost in the sea of material available online. Please suggest.

As LTI is giving posting to people in Kolkata recently, can someone tell if good projects are present there? Is there any onsite opportunity as well?

Can anyone refer me in Capgemini India?

Please note that I'm on notice period and looking for urgent requirements.

Capgemini

If anyone wish to re join IBM, what is the minimum gap one should have to take ?

How long do you think this M&A slowdown will last?

If you’re working on a certification but still have not completed it, would you list it on your resume?

Average salary for a creative with 5 years experience?

Men’s belt that goes well with jeans. Any suggestions ? Pictures also welcome

Looking to upgrade the dress shirt game… bought my first brooks brothers shirt but want to see what else is out there as I don’t love the fit. Best advice?

I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage.

I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest.

Anything wrong with this thinking or anything else I should consider?

Currently maxed Roth 401k, Roth IRA, HSA, and ESPP at 23 YO, should I consider an after-tax conversion? I’ve read about back-door Roths but I’m still far below the income limit as an analyst. Definitely looking into early-ish retirement, should I just invest the rest in a regular brokerage account until I reach the income limit? Am I even allowed to do a conversion? Any advice is helpful :)

In your opinion which is the best target fund to choose in IRA Roth?

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

Best ETF to invest in? I’m 24 looking to invest about $50k and don’t know where to put it. Nothing that’s super high cost or risky please

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

Say you have $1mm in cash, is it plausible to put it all in a HYSA and take the monthly interest payments as income at say 3% APY and then quit your job?

Theoretically*

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

I NEED HELP WITH CREDIT SCORE issues: Two months ago my credit score went down by 30 to 40 points due to dad missing credit card payment by a day (i got added to as authorized user on his credit card for me to build credit but now I’m filled with regret). I was devastated by it. This past month I have been making more payments and paid off my aug statement in full thinking it will boost my credit score. But I don’t know why it went down another 10 points. More below:

For those of you that currently pay 30% of gross income towards rent, do you still have money to save? I’m moving to NYC and am used to paying only 15%. Pay is now 125k base so I’m looking for apartments around 2800-3k

Currently am contributing money into both 401K and Roth 401K. Should I also open up a Roth IRA?

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

Have about 5k to invest - should I do FXAIX or FSKAX?

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

What do you think are missing from the personal financial management apps such as emma, yolt, cleo

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

Google stock to buy now or after the split?

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best