Need advice. Left Accenture. Started Google. If I maxed my 20.5k 401k contributions at Accenture before I left, can I also still contribute another 20.5k to 401k at Google? Same tax year. I read somewhere that as long as the two companies you work for aren’t affiliated you can contribute the max to both, however a friend told me that’s not true. Appreciate any help. Thanks!! Accenture Google
Why do people think $100k is a high salary in 2021? Intellectually we understand that inflation continually reduces the purchasing power of each dollar, but emotionally we seem stuck to this specific dollar figure being the line for struggling banking comfortable.
I’m rolling over my previous employers Roth 401k to my personal Roth IRA. I see there’s a taxable and non-taxable amounts I can roll over. If I rollover the taxable amount, does that mean I’ll have to pay taxes on it next year?
What is everyone’s number? I did the math and at a 7% annual return on my 401k and investment account (accounts for max 401k each year and conservative brokerage allocations each year) I could be at around 8m by 50. Does that seem like a reasonable age & number?
Should I max Roth 401k vs Traditional 401k in this scenario? Live in a reasonably high tax state now (Oregon) and now make over the income thresholds for a direct to Roth IRA. Will backdoor this year. I like the Roth route for being a predictable number for retirement but I’d be collecting basically $0 in tax benefits if I didn’t max the Traditional 401k and I don’t love the idea of paying all that tax on my maxed Roth 401k since I pay so much in extra state taxes for it
How do you indy RIA's handle small and/or solo 401k plans? Any good recommendations for a starting point for someone who hasn't done any of this type of business as an RIA?
At what age do you plan on retiring? I’d like to work until I’m 63 or so, but it doesn’t seem like many in our industry last that long. Is there an unspoken push to get rid of 60+year old partners? If you left consulting around 60, would it even be possible to get a job in industry? Seems like we would be too expensive and too old to be considered by most companies.
Net salary per month after taxes abs maxing 401k: $9,500 Monthly house payment (including HOA, PMI, taxes, all utilities): $6,500 for 30 years. New condo, very well built. Don’t anticipate any big spending on housing for the near future. Only debt is a $300 car payment for 10 more months. Is it wise to go for it? I’m in a super HCOL city
My gf and I are early twenties. She lives in the city with a friend. I live at home. Most of her income goes towards rent and eating out/doing stuff in the city, and I save/invest aggressively, so we have quite a gap in net worth. I try to tell her to cut back on spending but she says it’s what makes her happy. Any one had a similar experience/ have advice?
I’m 24 and just started my career at EY as a consultant. I feel good about the salary I make, work I do, and where I’m at in my career. My personal life also has a ton of fulfillment and truly makes me so happy. That being said, I have a high school classmate and close friend who was in IB and just started his own hedge fund type of business after leaving his big bank job. I feel like I’m falling behind. He’s probably going to end up a millionaire fast. I try not to compare but can’t hell mtseld
Noob here - been using Schwab GuidedChoice for 401k but just realized they charge a high AUM fee. Should I opt out now and invest the 30k myself or wait for 3-5 months after the volatility passes? 🙌
Who on this bowl feels an obligation to support their parents if they retire early and run out of money? This is causing some strife with my SO. My parents have planned very well and would never dream of putting me in a position to financially support them. My SOs parents retired early, and we are worried they won’t have enough of end of life care is necessary (which is almost inevitable). continued…
Are Creative Directors rich?
Apologies for dumb question but how do y’all calculate TC when looking at new roles for comparison? Is it base + bonus + potential raise (if you’re getting promoted in the next couple of months) + 401k? Or is stuff like 401k not included in TC?
Post for likes! 😤
Consulting words I hate! Please chime in #consultingcringe. 1) expectations 2) align 3) resource 4) manage 5) harmonize 6) offline
Today's dilemma - go see Captain Underpants or watch the Cavs get obliterated. Either will be done alone. Being single sucks 😒
When your senior manager you to stick around for a 4pm meeting.... Clearly no place I'd rather be. Oh wait.. 🛫
Does anyone have any tips for balancing a relationship and friends with this job? Finding it extremely hard to fly cross country every week, spend time with friends / SO and get enough sleep.
That moment when you see they're serving beer at the kids' birthday party you were dreading 🍻🍻🍻🍻
At dinner & randomly my former manager sees me and says "hello, guess it didn't work out with you and ____, she was beneath you anyways"...dinner with my sister and no I didn't break up with my gf🤦
What should one expect to be different when transitioning from Accenture/Deloitte to MBB?
If you've ever ________, you might be a consultant.
How long does it take y’all to adjust to an 11 hour time zone difference? I’m at 48 hours and still feel like hell
Advice on how to add value when you are waiting on client laptop / credentials? Joined an in-flight project where the team is a well-oiled machine. I am backfilling someone but it will be 2-3 weeks until I receive my client laptop - and access to edit or contribute 90+% of our deliverables due to stringent client requirements. Editing on the D machine is not an option. Help / advice welcome!
Can someone explain to me in details why Aaron Rodgers is being maligned on my Facebook? I don't follow football and have no clue what's happened.
Today was my last day on my project and one of my clients teared up when I hugged them goodbye.😢
Looking for serious advise: I’m quite impatient. I usually walk way from teams and prospective clients who are dragging their feet or just don’t “get it”. Time is money, change is the key to survival, and i don’t want to waste my time explaining the same stuff in multiple ways just so they can feel comfortable moving forward. I also get that patients, which is a big part of politics, is seemingly the key to success in most large firms.
I have about 150k cash in bank but saving it for a down payment. I won’t be buying the house for about 10 months to a 1.5 years. Should I just let it sit in the bank or put it somewhere?
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