What’s the point of income thresholds for IRA Roth contributions if you can just back door into it when you make too much? You can still contribute $6k either way right?

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Conversation Starter

What’s the point of income thresholds for IRA Roth contributions if you can just back door into it when you make too much? You can still contribute $6k either way right?

2 reactions

▸ Consulting Exit Opportunities

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works at

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Posting as :

Slalom Consulting 1

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Chief

That’s why it’s called “back door.” It’s a legal loophole inserted to benefit a certain demographic / “special interest.”

1 reactions

a year

Posting as :

EY 1

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There used to be a hard limit with no backdoor. I believe the backdoor opened in 2010. They have tried to get rid of backdoor several times, most recently with BBB. I think it is a glitch that no one thought about in 2010 and is seen by many as a benefit to only the rich, depending on your definition of rich.

a year

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KPMG 1

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That's why it's called backdoor. It's a loophole that could be closed in the future.

a year

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an Assurance Senior Manager 1

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Rising Star

You do get dinged if you have other traditional IRA balances which I would think a good majority do.

a year

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works at Deloitte

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What are the job post sites these days? LinkedIn and Indeed?

3 reactions

Posting as :

works at Wells Fargo

▸ Job Openings

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Looking to get a role with USAA , AML CIP Business Advisor Lead. I’m not sure if it’s difficulty with getting my resume noticed, but I’ve had some trouble getting a call back with USAA. I have a CAMS & CFE certification with well over 7 years experience. Any recruiters here willing to help push me through or refer me? Much appreciated ☺️

3 reactions

10 months

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works at Fiserv, Inc

▸ Citi Laterals Group (CLG)

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Hi Fishes,

YOE : 7
CCTC: 11

Skills : Visionplus.

What's the CTC I can ask ? Also would i be offered a c11 or c10 ?

Thanks!

▸ JP Morgan Chase Hyderabad

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a Developer

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Are there any onsite opportunities in jp morgan ?

▸ Job Opportunities and Referrals

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works at CGI

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Hi Fishbowl Family,

Referral opportunity at CGI

Let me know if your are interested in any job position. I would be happy to refer.

CGI Careers Website:

cgi.njoyn.com/CGI/xweb/XWeb.asp?NTKN=c&clid=21001&Page=joblisting

CGI offers more than a job. We offer limitless opportunities to make a difference for the clients and communities we serve. Explore CGI—your next career.

cgi.njoyn.com

2 reactions

Posting as :

works at Tata Consultancy

▸ Big 4 Discussions!

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Hi

I need a referal for deloitte ,ey,kpmg orr pwc .

Can anyone refer me in any of these ?

I would be thankful

1 reactions

▸ Accounting Exit Opportunities

Posting as :

works at Boston Consulting Group

▸ BCG X

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Welcome X colleagues!

11 reactions

4 months

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a Vice President

▸ Luxury Watches

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Rising Star

Thoughts on the controversial new release from Kurono Tokyo? Let’s hopefully keep the dialogue as civil as possible 😬

1 reactions

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an Attorney

▸ Litigation & Arbitration

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Arbitration question:

Scheduled for a binding arbitration hearing next week in court, and finalizing my opening and closing statements. How fast and loose can I play with the pleadings? Contd

1 reactions

Posting as :

an Underwriter

▸ Insurance

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Anyone work in UW for Axa XL?

7 months

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a Contributor

▸ Memes for entertainment

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Bowl Leader

When an introvert opens a shop

2 reactions

7 months

Posting as :

works at Cushman & Wakefield

▸ Salary Negotiations

You are currently posting as works at Cushman & Wakefield

Is it a common practice to take the salary that HR may provide for a candidate and lop off 10% and call it a bonus? I’ve seen this happen and it seems like a weird thing to do. But maybe I’m wrong.

1 reactions

8 months

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works at PwC

You are currently posting as works at PwC

How tough is it to get your work experience for the CPA signed off on after leaving a firm?

1 reactions

Posting as :

a Program Manager

▸ Jobs in Tech

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Recently accepted an offer at Twitter (I haven’t resigned yet thankfully) and of course have yet to hear back since the news of the layoffs.

Am I crazy to move forward if the offer isn’t rescinded? I’m deflated after many rejections, unhappy in my current role and the role is something I’m passionate about - I’m also no better off in terms of TC and frustrated since there will be no RSU package due to the acquisition.

I have very mixed feelings after how they treated their staff this week!

3 reactions

5 months

Posting as :

a Senior Associate

▸ IIM Ahmedabad Consultants

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Bowl Leader

How has COVID affected your work hours?

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works at Accenture

▸ Digital Consultants

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What are some good sites or publications to remain updated about the latest developments in the digital world?

3 reactions

Posting as :

a Guest Services Representative

▸ Customer Support

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Funny question: What is the male equivalent of a Karen?

2 reactions

4 months

Posting as :

works at SGS

▸ Ask A Legal Recruiter

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Any advice about getting into IP law?

I have a BS in chem with Petrolium industry experience and physical organic research in academia. I got a MS in Law (IP focus with business supplement).

2 reactions

Posting as :

a System Engineer

▸ LTI discussions

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hi fishes,
I have joined lti as a lateral.
After joining they have asked me to collect laptop from office. When i went, the laptop was not in a great condition and was refurbished. I am guessing it was used almost 3 to 4 years before me.

I asked them for a new laptop and they said they dont have new laptop in stock, i even checked with my manager she said she is also using refurbished laptop so no problem.

Anyone else faced this problem earlier?. If yes how did you act on it?

Posting as :

an Associate

▸ Big Law

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I feel like I just can’t enjoy life. Just when I thought everything was right on track and looking promising and there’s something I look forward to, an unexpected turn always hit me hard in the face and put me in a shit show. Work wise, personal life wise, all the same.

7 reactions

8 months

Additional Posts in Personal Investment Chatter

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a Copywriter Intern

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Conversation Starter

Anyone have any experience angel investing?

2 reactions

Posting as :

a Business Technology Analyst

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A newbie earning around 70k in Jersey. I want to know how to save up/budget for buying a house in 5 years from now. Any tips?

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works at Deloitte

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Thoughts on getting the new Bilt card? Seems like a good idea if I’ll be renting for the foreseeable future. Am I missing some sort of catch?

3 reactions

10 months

Posting as :

a Consultant

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Conversation Starter

Crypto people - I have about 10,000 0x coins. They jumped big this week. Should I convert to BTC?

3 reactions

Posting as :

works at EY

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Repeat with me, this is a buying and holding opportunity! 👏🏻

3 reactions

Posting as :

a Senor Manager

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Just invested $20k in intel and clorox hoping it will go up.

2 reactions

Posting as :

works at EY

You are currently posting as works at EY

Anyone still waiting on tax statement from Robinhood?

8 reactions

Posting as :

works at Boston Medical Center

You are currently posting as works at Boston Medical Center

i have 6 more years of work at my qualified employer to forgive the rest of my undergraduate student loans. if i take out graduate student loans while under active PSLF, does that roll into the qualifying payments? or start anew?

1 reactions

Posting as :

a Consultant

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Bought a house few months ago and have to pay PMI every month. What are the ways I can get rid of PMI?

1 reactions

Posting as :

an Associate

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My wife and I each have our 401ks through Vanguard. What fund should we allocate them to? And why? It seems like the wisdom is to just allocate 100% to the 50, 55 or 60 fund.

1 reactions

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works at Accenture

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Anyone out there invest in commodities? Do you follow any news letters or commodities pickers?

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works at CGU Insurance

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How severe and how long do you think the coming recession will be? Stocks and bonds have already taken a huge hit; what are the best investment products in the market right now?

1 reactions

5 months

Posting as :

works at KPMG

You are currently posting as works at KPMG

Looking at switching from my current savings account to either Ally Bank Online Savings (1.10% APY) or American Express High Yield Savings Account (1.15% APY). Anyone have experience with either of the two?

2 reactions

Posting as :

works at Deloitte

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Pro

The markets have hit the bottom and rebounding ..? Right? RIGHT?

😄

3 reactions

10 months

Posting as :

an Associate

You are currently posting as works at Associate

How do people rationalize that indexing your investments is the best way to go b/c historically it’s gotten 7-10%. But also are the same people who say historical gains/losses can’t predict the future and that stock picking is gambling? There seems to be a disconnect. Why do people assume the market will continue to get 7-10% just by indexing?

1 reactions

Posting as :

a Manager

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Traditional vs. Roth question.
I will make roughly $130K this year (maybe slightly more if bonus is paid). I have been contributing to Roth 401K and IRA thus far but given the increase in income and the decline in stock market wondering if...

2 reactions

Posting as :

works at Microsoft

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Conversation Starter

Can someone explain what an HYSA is? How much better is it really than keeping money is basic checking/savings account?

2 reactions

Posting as :

works at Accenture

You are currently posting as works at Accenture

Noob question:
Is it redundant and unnecessary to invest in both VTI (Total Stock Market Index) and VOO (S&P 500 Index)?

4 reactions

Posting as :

works at Deloitte

You are currently posting as works at Deloitte

Decent cryptos to invest in other than btc and eth?

2 reactions

Posting as :

works at Deloitte

Is anyone aware of this Hiltons Honors American Express Aspire Card!?

https://www.americanexpress.com/us/credit-cards/card/hilton-honors-surpass/?eep=25330&linknav=US-Acq-Shop-Consumer-PDP-HiltonAspire-Prospect-click-filmstrip:hilton-honors-surpass

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Conversation Starter

Earn 12X Hilton Honors Points per $1 spent with your Hilton Honors Surpass® Credit Card with a hotel or resort within the Hilton portfolio. Terms apply.

americanexpress.com

1 reactions