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Just signed the outside employment form in KPMG onboarding system. I actually wanted to start dabbling in creative writing as a potentially monetizable hobby, but I'm guessing this may pose issues.
Definitely interested in the "exception from this policy may be requested if provision of non-professional services doesn't interfere with one's duties of causes conflict of interest" clause, though. Has anyone been able to get one of those before?
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KPMG1: logic is flawed. If you plan to take out money in retirement, when you won't have any other income, your tax bracket will likely be much lower than anytime when you are working full-time.
KPMG1: I'm shocked a "professional" financial advisor gave you that advice. I'd find a new one.
There is to a Roth IRA, I'm talking about the 401k Roth option
Try to do the math on what your long term returns will look like by paying the extra +25% in taxes now and having that much less to invest rather than investing it now and MAYBE paying a higher tax rate when you start taking withdraws in the future..
15 t / 5 Roth
I'm 100% Roth. I'm not an expert myself, but both my financial advisor and a relative who builds employ benefits plans for huge companies have told me the same thing: if anything, income tax rates are only going up in the long run (assuming you're in an income tax state). Might as well have those taxes taken out now - especially if you're younger and still in a lower tax bracket.
Yes that is true, but you are saving money by having pre tax contributions taken out of your paycheck
Isn't there an income restriction on contribution to a Roth IRA?
Not 401k Roth, normal Roth yea, blew past that years ago, always go backdoor approach, I do contribute to a traditional Ira
^agree
The money I put now with grow probably 16x in the 40 years between now and when I retire, all those gains will be tax free. Roth is a no brainier
Plus Roth doesn't count as income - helps keep SS withdrawals from being taxed