{ "media_type": "text", "post_content": "What's the split between traditional and Roth 401K that you are using?", "post_id": "5781486b3328f30e00ac767f", "reply_count": 12, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

What's the split between traditional and Roth 401K that you are using?

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

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.

like

KPMG1: I'm shocked a "professional" financial advisor gave you that advice. I'd find a new one.

like

There is to a Roth IRA, I'm talking about the 401k Roth option

like

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..

like

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

Related Posts

I have below offers:
1. Maveric Systems - 10.5 LPA (No variable)
2. Capgemini - 11 LPA (10 fixed + 1 variable)
3. T2S Solutions (Foodhub) - 12.5 LPA (12 fixed + 50k variable)
4. Comcast - 15.25 LPA (yet to receive the offer)
I have 7.5 YOE in Testing (Manual + Automation Selenium). Please suggest which one is good in terms of Working culture, benefits, job security and pay.

like

When the acct partner insists you note four benefits in your firm’s strategic response and you hide the bull$hit one in the third bullet

Post Photo
funnylike

Is PA consulting Healthcare UK any good?

like
like

I am an HR Generalist. I handle recruitment, employee relations, and benefits, along with misc tasks. I am curious how anyone in a role like manages their day? When I have multiple positions open I try to block off certain times to really focus on that but there are times when I feel like I am not giving my best because I am going in so many directions.

like

Newer partner and first time having extra money to invest. I’ve maxed my 401k contributions past few years and currently have the rest in a brokerage account. I’m planing for a lot more contributions the next ~20 years until I retire. What does everyone else do? Is the Roth IRA the way to go? 529 plans for the kids?

likesmart

For all the people who say we should max out our 401k, IRA etc, Are you guys saving most of your spending money to have wealth after retirement? That’s after 65? Let’s say we live up to 80. Ideally we work close to 45 years to save for the next 15 years. At this point, we will have social security benefits from government. What’s the point of retiring with millions of dollars if we can’t enjoy the money till 65? I know a lot of you doesn’t have this opinion,Just think about it:) Enjoy your life!

likeupliftingsmarthelpful

What are RSMs benefits like? Do they pay for higher Ed?

Anyone at Accenture take paternity leave? Policy says 8 weeks @100% pay if primary caregiver, and 2 weeks @100% pay if secondary caregiver. What defines primary caregiver? Anyone get the 8 weeks?

like

I have my review coming up and I was invited to bring comments about my job satisfaction/comments about the firm. We don’t have a clear maternity leave policy so I was thinking of saying that I’d like to see some clarity with respect to the maternity/family leave policy and I’d be happy to help craft it. Is that too risky? I have a pretty good relation with the two partners (both males) that I’d be speaking with. I hope this also expresses that I see my future at the firm.

like

Interviewing with RGP next week, thinking it’s a similar model to Siegfried. BUT they don’t pay you while on the bench, benefits are covered still. Should that be a deal breaker? Company has great reviews on Glassdoor and Indeed otherwise.

like

Anybody know Milbank’s paternity leave policy (how many weeks)? Also, does anyone know how they deal l with requests for one to two year stints overseas at their London or German office? My wife may have an opportunity to work at her company’s London or Frankfurt office for a year or two in about 2 years time.

like

Any pregnant healthcare worker or trying to conceive take covid vaccine ? How was the experience

like

Should I make the below transition with +5% total compensation and -15% hours? Burned out from consulting. Have PhD, only work experience is with McK. Favoring offer. Thanks in advance!

Currently 2nd year associate at McK with:
- base+bonus ~$210K
- all other incremental benefits compared to offer below (incremental healthcare, retirement account, etc) ~$10K

Offer in big pharma with:
- base+bonus ~$195K
- all other incremental benefits compared to current situation (equity, etc) ~$40K

like

Stock - I recently received an offer letter from another company and the amount of stock seems very low by comparison to my current allocation, vested over 4 years. How important is ample stock allocation when considering a new AE role, assuming the role has a very decent base/OTE, Med benefits, 401k match, etc? The company claims they intend to IPO in the next couple years, but don’t most say that?

like

What is the tuition reimbursement benefit like at your company? I’m in Accenture Operation and there’s no such benefits. (Only strategy and CDO have it). Is it typical?

like

Any one have any insight on working at Change Healthcare?

like

Looking for advice. I’ve secured a new job while on paternity leave from my current employer. I’ve lined up the transition between employers so I can give my two week notice once I’ve officially returned to work at my current employer. Should I consider giving them my notice before the end of my pat leave or wait until I finish it? I don’t want to burn any bridges with my current employer, nor do I want to disrupt the remainder of my leave.

like

Let's say I have 100k invested in a SaaS startup that went public. I'm 28, employed, have another 35k invested in ETFs/dozen other stocks and have maxed out my 401k and roth contributions. I'm bullish on the startup for the long term.
Would you:
1) Recoup your initial investment pre-IPO and let the rest ride
2) Sell the full 100k, pay capital gains tax, and diversify
3) A mix of both, and if so what allocation

likehelpful

Additional Posts

Are there any certifications or comprehensive courses for attorneys looking to break into blockchain?

like

Ovulating and ready to make a baby 🎉 💃🏽

likesmart

what’s the meaning of life for me? I don’t see myself in the consulting world and daily grind for the next ten sum years. but what can I spend my time on?

likehelpful
like

Probably not the most diplomatic.. but I just told my roommate off about bringing another stranger into our apartment right then and there 🙅🏻‍♀️

likesmarthelpful

I want to move into IFS for better work life balance and less stress. I don’t mind working hard but can’t handle the client stress. What IFS teams are good for work life balance (and which to avoid?)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

For account settings, visit Fishbowl on Desktop Browser or

General

Legal