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Hello, I have received an offer from Southwest Airlines as a Associate Technology Analyst with their direct college hire program. Will be graduating in May with a degree in MIS and also have internships experience as a Business Systems analyst intern. The salary compensation started off at 66,500 but was looking for the 75k range and they got back to me saying the best they can do is 68,500. They also have a 401k company match up to 9.3%. Do you think this is a solid offer for this job market?
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Looks like they changed the Ja Rules
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I rollover IRA from a traditional 401k is a traditional IRA. I think most brokerages label any Ira that was moved from another account as a rollover IRA. It
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Traditional means pre-tax (you’ll get taxed upon withdrawal) vs Roth which is post tax (you pay tax now and it grows tax free with no taxes at withdrawal).
IRA is a savings vehicle outside of employment at an investment company that you contribute to directly. 401k is an employer sponsored plan also held at an investment company but contributions come from your paycheck and employer contributions, if any.
When you leave an employer you 1) withdraw the funds and keep them (pay taxes and penalties) or 2) roll them into your IRA or your new employer’s 401k.