Related Posts
Hello Verizon fellows, In Deloitte, there's a facility to claim a certain reimbursement for purchasing mobile devices through their portal or something. Similarly, do VDSI employees have any discounts or reimbursement for purchasing devices through Verizon? If so, kindly let me know how to check it out. Thanks in advance.
It’s worth a shot 😊
Anyone able to give me a referral for Facebook (Meta) or Google?
I am a paralegal with 8 years of experience in the legal industry (+ Fortune 500). I was just diagnosed with a serious health condition and I’m looking for new remote position, that is challenging and offering high pay and benefits. Facebook (Meta) & Google currently have openings for positions that align with my skills. I kind ask that you simply share some tips, if you are unable to offer a referral. THANKS!
What are your thoughts on ESPP?
Conversation Starter
More Posts
Anybody working in consulting and OE?
Finally a W on SNKRS drawing 😅
Chief
Additional Posts in Accounting
How come none of the Big 4 have a mascot?
9/30 milestone - just 2 more days... 🙏🙏🙏
New to Fishbowl?
unlock all discussions on Fishbowl.
No such thing as excessive
I was in your boat. Only contributing 6% to 401k while maxing 5,500 to Roth IRA. That's what I did for both years as staff. This year as senior 1 I bumped 401k contributions to achieve the $18k max, while continuing to max Roth. I wish I had maxed the 401k sooner (I would recommend doing as much as you can afford).
in order of importance
401k MATCH -> IRA -> 401k contribution.
You should get your full 401k match first because it's free money and then work towards maxing your IRA, and then additional 401k contributions if you so desire.
Audit Staff 1, Why not HSA contribution after 401k match? It’s triple tax advantaged and if you never need it for medical expenses (unlikely) withdrawals can be made in retirement without penalty. It really should go above Roth Contributions.
Absolutely - you’ll thank yourself when your able to retire at 55
Max out HSA and IRA first (after company match). Then max out 401k if you have enough discretionary. Also good to save to non-retirement expenses though (like a house).
Where tf do you live that you can max out your IRA and 401k on a staff salary? To answer your question, duh.
I have friends who live at home. No student loans, no car loans, still under parents insurance yadayada so they can afford to contribute 30% of their paycheck to their 401k. Life man.
Jealous af, but good for you for being in that position. Max everything out while you can!
Max it out as soon as you can afford to
Speaking from experience. Max out while young. There’s nothing like compounding!
And that’s why you all will be working until your 60+
So many better uses of money out there. Contribute enough to get the match and then put you money to work for you in better ways
@SA1 you absolutely can contribute to a HSA on a PPO. It has to be a high deductible plan by IRS definitions though. I've done it for 5 years now.
To all the people saying you can't save 30% to contribute to all these things, you can do it if you try hard enough, and you can do it without depriving yourself of too much. I've done it in Los Angeles since I started working. I'm at a point where my net worth equals my LTD earnings.
Can someone explain why you should max out your IRA first and then 401k?
If you are getting the same return there’s absolutely no difference between Roth and traditional. Its all about tax planning for the future when you start withdrawing as to which one is more beneficial. I’d recommend an even split to give you more options. Or if you plane on pulling money out for other investments or business then more to Roth since you can use your contributions
Pwc2, the difference is you can technically contribute more to a Roth account since it’s using after tax dollars. As in contributing 18,000 to a Roth 401k is more than 18,000 for traditional 401k.
Depends on your other expenses. I wasn't making enough until Senior 1 to feel comfortable maxing out.
^Excessive. U trying to retire young ?