What’s the general consensus on allowing your bonus to have 401k pulled out or no? My guess is mine would be around 12k. We are saving for a house fwiw

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

If you want the cash lower your 401k % for that paycheck. Houses are investments too!

like

The bonus is 12k or it’s going to pull 12k to your 401k?

like

Bonus guess

I drop it down to 0 when I’m expecting a bonus. I need as much of that bonus as I can get

like

Match for one paycheck is fine. I’d rather get as much of that money right now.

I’m only contributing the minimum for the match. So I can’t really drop it down to 0 or I’ll miss the match? What am I missing here?

like

Again idk how it is at Accenture but for us it’s cumulative. So you can manipulate it to where for 90% of the year you contribute slightly above minimum so that you can lower to 0 when bonuses come out , but the cumulative amount that you contributed for the year hits that minimum threshold.

In other words, you don’t have to contribute a minimum % per paycheck as long as the cumulative contributions through the year equal some minimum contribution %.

Also at D, we get the match once per year in June - not sure how it is w you.

like

Another option is to borrow from your 401k for a down payment.

like

Only do this as a last resort. Don't steal from yourself.. and also don't try to time the market. This has been a terrible year overall, but October itself the market is up 14%, which is the best single month since 2000. If you take your retirement money out of the market, it could be very costly.

like

I just make an assumption of what bonus will be and drop my overall contribution for year accordingly (while also maximizing match). Can always overcontribute last few periods if I need to. Not sure why so many people wait to do it until bonus if they really need the money.

I always do. Though, this year I may have to adjust the percentage at bonus, as, if the market is still down in January, I will be moving my contribution way up to front load the year.

I always do. Though, this year I may have to adjust the percentage at bonus. If the market is still down in January, I will be moving my contribution way up to front load the year.

I max my 401k asap(like first 5 months)
Company has a true up match so all the bonus(60k split over 4 quarters) is mine

Damn. Is your bonus >$100K 🥲🫤🤣

I don’t get it?

Related Posts

Tips for 6-month eval? Originally hired at 35K as assistant and was told if I performed well, I could expect to make 50K after a year. After one week, the operations manager resigned and I took over as a trial. Officially am operations manager, but no title (only verbal) and no raise. Owner likes benefits over big pay raises. Thinking about asking for 46K, new cellphone and official title change. I'm expecting some negotiating, which I've never done. 24F, AA Bus Admin, and overall good employee

like

I am a proposal manager for federal consulting company. My base is low (112000) but I make up upto 50-70% of my base income with win bonuses. But I get the bonus only after the completion of one year of the base period of the contract. My question is -is this arrangement good or should I negotiate for higher base instead ?

like

Would love to get insight from folks here as I’m not quite sure what to do. I currently have around 14K in student loan debt and enough saved up to pay it off in one fell swoop. What I’m struggling with is whether I should invest that money into the stock market (thinking less risky S&P 500 ETF) and pay off my student loans monthly with the average payment being around 1000 so I can pay it off in about 16-18 months (due to interest being around 5%) or pay it off all in one go?

like

I want to buy a new home and then sell my current home after we are moved out. Current home is a VA loan, is there any way to buy the second house on a VA loan?

like

How much did you all pay for the 20 week ultrasound out of pocket? My 12 week ultrasound cost me $600 so I am guessing the 20 week one would be even more expensive. I have the high deductible plan from United healthcare.

How long does it take to make at least $300k per year if you are in-house?

like

Copywriters: I’m going on maternity leave and we just posted a role for contract, 5 months. If you’re interested, DM me. You’d be working on products & product marketing. (Austin UA connected Fitness)

likehelpful

Working on a divorce where the father is claiming that he is unemployed because of the previous administration’s actions with DACA (he was brought to the States as a child). I know that the memo rescinding DACA was ultimately vacated—but OC is unsure whether this would count as voluntary unemployment for child support purposes. I believe it does as the application period to renew DACA benefits was reopened in 2020. Thoughts?

like

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

like

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

Looking for a gay woman on the east coast (yes I have given up on confining my option only to my city). I’m a clean person, funny, a good chef, good in bed and just overall wholesome. Bonus points if you are a top.

likefunny

Does BNY Mellon not give anything in writing about the bonus that gets paid once a year?My cousin is negotiating an offer and they are only talking abt the fixed amount that will come on the offer letter and are assuring that the bonus will be paid out at the end of each year.

like

This is a little embarrassing… I don’t know anything about investing. I come from a low income / immigrant background and never received financial education. Just recently learned the difference between an TR and Roth IRA 😓 I have started to contribute $$ in my 401K. I am 27 and only have like $15K in my Vanguard account feel like I am so behind. Can someone recommend good resource/advise to learn the basics?

like

Any Financial Services or Construction Seniors out there looking for a change or better pay? Crowe has a ton of positions open, and competitive pay, can probably negotiate a sign on bonus. Willing to split the referral bonus as well! Really just need the help! DM me if interested!

like

Any benefits if we complete wings 1 assessment..?

likesmart

Can someone tell avg hike in amdocsmy friend wants to decide whether she should choose dassault or amdocs dassault compensation is low with 1 LPA from amdocs and also amdocs giving 60k bonus

like

First-gen and new hire in my first job. Vyvanse was typically covered under my parents’ insurance but now I’m looking to sign up for (my first) health insurance plan with my employer. I’m worried if Vyvanse will be fully covered or not. Anything I should look out for?

like

What is the the standard 401K matching in industry? Currently I am a offered 5 percent as a cloud consultant with tier 1 software company. Also what is the salary range with 1 years of experience.
Location ontario - HCOL city

I’ve been seeing a junior copywriter opening at DDB on LinkedIn for a few weeks now. Does anyone know if that actually exists?

Also, major bonus points if you have a good person to email there.

like

Hi fishes, what should be expected CTC for Java developer in Applied R&D in Bangalore.

YOE- 2.9

Also please share details about Joining bonus and Relocation bonus if possible.

More Posts

Anyone got salary today??

like

For anyone who's made it out of SAP: How do you write your experience on your resume to focus less on SAP so your not pegged as an "SAP guy"? My experience is mostly in testing and project management.

like

Can someone help me in facing a product management mock interview? Need someone who is a product manager. Pls DM

like

Can anyone refer me for interal auditor roles

Will there be any action on me if I say no to night shifts in infosys

like

Is there a way for me to automate creating columns to do this so I can drag across and create my columns? For example--
1Q2021 2Q2021 3Q2021 4Q2021 2021 1Q2022?

likesmart

Has anyone ever worked with a recruiter/headhunter? Are there any pr/mar comms focused firms you'd recommend?

like

I had a question regarding Career transition from QA to Data Scientist role. Should my resume show QA experience and 2-3 personal projects made on Data Science or shall I modify QA experience as an already Data scientist and should follow fake it till I make it approach?

What would you guys suggest?L

Had interview rounds with client, director, partner however no round with HR but today got a mail for documents. Can i expect HR round now?

like

Any young professionals consider moving to Middle East for work?
Curious if I would be considered since they usually want a lot of experience. I'm a mechanical eng with about 5 YOE.

likeupliftingsmart

How much time does LTI takes to release offer letter?
I had my documents submission and final hr round on 26th oct
YOE :12yrs
Please help fishes

like

SPHR exam- has anyone ever been “randomly selected” for an application audit? This just happened to me and the sheer amount of effort that is going to go into collecting all the documents almost makes me not want to follow through. Since I didn’t finish undergrad, they’re asking for a copy of my high school diploma or transcript and that itself is going to be an absolute nightmare to get hold of. Guess I’m not really looking for a solution here, just venting.

like

Hello,

If I joined HCl and will have to leave within probation period, do I have to pay anything to HCL? Anyone has any idea. (There was no buyout of NP by HCL)

Thanks

like

Stopped a fwb situation. But staying away is so hard. 😔

like

How long from submitting applications are candidates hearing back from firms in this market?

like

Any pancake swap lovers? Have a feeling CZ Binance is behind this ....

like

How's HSBC in Coforge?
For 6+ yoe, mainframe developer
Hyderabad

Work culture, Job security, Bench policies?

like

Hi Fishes, Pls help,
YOE: 13 yrs
Cctv: 13 lpa

Have cleared HCL interview. Initially they offered 23 lpa (via proposed offer letter, to be approved by L4), but i requested to reconsider it for 25 lpa. After 5 days, they sent final offer letter of 19 lpa (stating they can offer max 50% as per L4 approval).

I don't have any other offer as of now. What should I do?

like

Hi,
If anyone interested in NFT project HMU. Looking for partners

like

Additional Posts in Consulting

Is the culture / burn at Strategy& (FS) as bad as ppl say?Strategy&

like

What are some solid daily wellness goals? 25M here - noticed myself getting quite lazy since covid. Some I thought of below:

like

How do I become an MBB employee? Is it possible to gain experience at big 4+ACN and then get referred in??

like

Best consulting firms for defense companies? What credentials do they look for?

like

Looking for new running earbuds. Has anyone tried the Powerbeats Pro? Thoughts?

likehelpful

Is anyone familiar with Marakon? How is the culture, wlb, etc. like

like

What do you 🐠 recommend doing in the first couple of weeks on a new job to start off on the right foot with new boss, new team, new co?

likehelpful

What is everyone’s top 1 or 2 favorite books on personal finance? I’m always looking for a new one to bring into the fold of what I’m doing

like

Any good books or recommendations on sales? Sales tactics trips and tricks?

like

What is going on here?

Post Photo
likefunny

After getting kicked out of McK late last year, this gives me schadenfreude 🤣

Post Photo
likefunny

Here's a question I wish I never had to ask. Is it better to use the code for bereavement leave or just burn pto I'm going to lose anyway? Does it make a difference from a utilization standpoint?

like

How does Fidelity make money from folks like me, who only trade select Vanguard ETFs?

like

My parents have let me live at home since I graduated in June of 2019. I haven’t had to pay rent and will probably be moving out this fall. I want to get them a nice Christmas gift this year as a thank you. Any ideas for something that parents in their late 50s would enjoy? Something in the $1500 range but price is flexible

like

What is the most basic thing that brings you joy? For me I think it's the ice machine in the freezer. Seems unlimited! I love it. 😂

likefunnyupliftinghelpful

Hey all, new hire here! Going to receive a $250 wfh credit; any recs on what I should get to build out my home office?

like

What are the best consulting firms in Europe to do AI strategy work in public sector? I have Canadian experience and I’m looking to move geographies.

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

Had an interview with 3 people from the company back to back to back. I only really got their names via the chat the popped up before connecting on a call. A recruiter was my main contact for working

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