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Bain & Company Hello Fishes.
What is the average CTC offered for a Research Associate with 1 year of experience in Healthcare consulting?
I'm looking forward for opportunities, hence would be great to know the current CTC trends to effectively negotiate with the employer.
Thanks in advance!
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They're not going to steal your 401k, if that's what you're asking, any more than any other bank can/will. If they make a change you don't like you can get out. Not sure what the fear is. Tax advantaged makes for a real difference though. Roth vs traditional is a tax strategy question, but both offer advantages over a full-tax account
Run some simple Excel numbers: if you assume you save $10k pre-tax, 25% tax rate, 10% returns, after 10 years you have $120k post-tax in either a Roth or traditional account, or $106k if you saved it outside of a retirement account. Tough to make up that difference picking a better mutual fund, especially when Vanguard is an industry leader in many respects.
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You can choose pretty much any Vanguard mutual fund. Your financial advisor doesn't like that he can't get fees from it.
It's the employer match that incentivizes contributions. Not that any big 4 are that rich in that regard 😓
😂 D1
Because 99% of people who try to micromanage their money underperform the market. Also, if you really need it there are plenty of ways to get at it.
My financial adviser didn't like the Deloitte 401K. Told me to get the match (1.5% yay🙄) and has the rest going into a Roth IRA, 529, and an array of mutual funds
The fact it's pre tax is a big plus
Hmmm... forced savings and tax deferred seems like it would trump some perceived benefit of an actively managed fund. Most actively managed funds underperform the market in the long term.
Market collapse would affect all investments, not just 401ks. They are not immune - see 2009-2011.
You'd rather trust the government to protect your retirement income? No thank you.
Do you not have the option to select what it's invested in? S&P 500 is a good bet.
@D1 lol
So what doesn't he like about vanguard?
If you don't already have money in a Traditional IRA, you can contribute to an IRA and convert to a Roth even if you're over the income limit. It's called a back door Roth IRA.
A 401k isn't in itself an investment.
Stretch it out to 30 years: $1.23M vs 775k
401k isn't an investment. It is an account
You know your 401k assets aren't on deposit with the government, right?