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401k Portfolio Recommendation & Advice
Here is my current 401k portfolio: - BFA LifePath Fund 2060 (45%), Expense Ratio 0.066% - BlackRock Russell 1000 Growth Index Fund (20%), Expense Ratio 0.021% - BlackRock Russell 2000 Index Fund (5%), Expense Ratio 0.090% - BlackRock Russell 1000 Value Index Fund (20%), Expense Ratio 0.021% -...
401k Rollover
Has anyone ever rolled over their 401k into a Roth IRA? I have some money in my 401k and was thinking that if I were to go to business school, I'd roll my 401k into a Roth IRA as that's the year my income would be lowest, and hence the taxes on the rollover would be low. Curious to hear everyone's...
401k versus Roth 401k
I know this topic has been discussed a lot, but I'm unsure why nobody discusses state and city tax implications. I'm very new to this so please correct me if I'm wrong. From the way I see, choosing between a 401k and Roth 401k is determining whether you're paying a higher tax bracket now versus when...
Should I invest in 401(k) right now?
The market is volatile and my current portfolio is down not by much, but to the level of being unpleasant considering this is my savings. I haven't been in the firm for a year yet, so no matching either. Should I stop the contribution right now until the matching kicks in? (hold as cash, bonds...
Retirement Savings (401K, Roth IRA, Traditional IRA) vs. Being Liquid for Future Real Estate Investments
Hi everyone, As I am in the early stages of my career (21 y.o.), I am having difficult time understanding how much to put towards retirement if I hope to one day invest in real estate on the asset level (maybe even raise money... hopefully). I currently have stashed away $6k in my Roth IRA but as I...
Should You Open an IRA Before You Max Out Your 401(k)?
Hi all, Would you mind sharing your experiences/strategies on how you went about contributing to a Roth IRA and 401K? My situation: I am starting my job soon and trying to decide how to go about funding my Roth IRA with around $6,000 in it as well as my 401k which my employer matches $2,000 (which I...
401(K) Employer Match Question
Hi WSO , I had a quick question about 401(k)'s, particularly in regards to employer contributions. For 2020, the IRS limitation on employee contributions to a standard 401(k) plan is set at $19,500. The employer match is capped such that the combination of employee + employer contribution cannot...
Goodworth Kitchie and Associates
Asset Management firm for HNW clients and 401(k) clients.
Do banks offer discretionary end-of-year 401k contribution/bonus?
If so, which ones? And how much? If they do one for 5%, is it 5% of your base salary or 5% of your paycheck? (I feel like it's the 1st one because 2nd one sounds like a cheapo)
Investing for 401(k)
Hello Monkeys, Just wanted your take on this. I max out my 401(k). I am just starting out so my saving hasn't hit 18.5 yet. But I want to get off to a good start. Right now, the company I work for manages my portfolio. However, I am seeing that with the diversified investment, they are taking in...
How much saved for retirement?
Pretty straightforward question here - curious to know how much other users have saved for retirement so far. This includes IRA/401k/etc. Age: 25 Retirement: 40k (Traditional)
401K Question - Moved to new firm - Need WSO's help
WSO - I need your help. I moved to a new firm and need to make decision on my 401K funds accrued from my previous firm. I have 2 options. One, rollover funds to new firm. Or second, withdraw entire or partial funds in cash. Question is, not that I'm taking this route but out of curiosity, if I were...
Funding MBA with Retirement Account?
Full-time MBA with no scholarship is a HUGE financial decision, we all know it. But is there a way to use some of our retirement saving to fund this two-year venture? I have to admit I know next to nothing about my retirement accounts and how to minimize tax and fees. I have $40k in my 401K that I...
Maxing out 401(k) as a first year analyst?
The max 401(k) contribution this year is $17,500. On a first year analyst comp (~120k salary+projected bonus), does it make sense to contribute all $17,500? That is a sizable chunk that greatly affects my monthly budget. Also, it seems like I'd likely be ineligible for a Roth IRA if it takes into...
Whats a good 401k strategy?
Incoming FT Analyst. I do have plans to attend B-school years later, so I am looking to save some money. But I dont want to just save money for B-school. Would like it for traveling, retirement, etc. Anyone know an ideal savings strategy? I havent started working yet (BB) so I dont know what they're...
Traditional 401k vs Roth 401K
Hey all, did a search in the forums and extensive research online, and am trying to decide which option is better for people starting in finance (assuming all things else are equal: employer matches etc). Would be very grateful to any advice or wisdom shared! Apologies if this is posted in the wrong...
401k Allocation
How should I allocate my 401k if I'm 24? The following are the options: Target Date T. Rowe Price Retirement Income T. Rowe Price Retirement 2005 T. Rowe Price Retirement 2010 T. Rowe Price Retirement 2015 T. Rowe Price Retirement 2020 T. Rowe Price Retirement 2025 T. Rowe Price Retirement 2030 T....
Deductions (Health and 401k)
I'm moving to a BB in NYC (I'm foreign) and have no clue what the deductions from my paycheck will be other than taxes. How does health insurance usually work for BB? Do I pay some fee or does the company cover that? Should I pay for 401k being foreign? I don't know how long I will be working in the...
What are the different forms of investment vehicles available in 401k plan?
A 401k plan offers various types of investment vehicles. You can invest your 401k fund in following form of investments. 1)Bonds 2)stocks 3)Mutual Funds 4)Exchange Traded Funds (ETFs) 5)Derivatives 6)Features 7)Options 8)Swap To know more about these investment vehicles read 401k GPS's blog....
What is 401k risk profile?
What is 401k risk profile. I want to get the details of 401k risk profile?
What to do with old 401K and who should I use?
I have an old 401K from my old employer. Right now I am keeping it with my banks old 401K provider, JH Pensions. I am trying to figure out what the best move would be. Should I move my 401K and roll it into a Traditional IRA or a Roth IRA? Should I leave it alone? Also, I am using Schwab for all my...
Poetic Justice: Lehman 401k Sues Fuld
Though I'm afraid they'll find it's too little, too late, someone is finally taking Dick Fuld to task for cratering Lehman Brothers and helping himself to hundreds of millions in compensation while he ran the company into the ground. In a rare instance of poetic justice on the Street, the custodian...
Converting 401k to Real Estate
Does anyone know if it is easy/possible to take your 401k and invest it in real estate such as an apartment building? Assuming it is enough to purchase the building
Morgan Stanley 401k plan - any match?
Any 401k match for IBD analysts?
401k & pension at BB...more important than bonus?
I was curious to know people could tell me what the typical 401k matching & pension plans are at their BB , or ones they worked for previously From my understanding speaking to a number of individuals, this can reveal hidden compensation that far outweighs the variances in year-end bonuses amongst...
Where to put money instead of 401k?
I will be starting my job in August and I was just looking at the firm's 401k plan. They match 25% of up to the first 6 % of my eligible compensation saved. Basically, for every 4 dollars I save they firm adds $1. Now, I am thinking about saving and investing some money. I believe that I will be...
Should I interview for these positions, or would it be a waste of time?
I graduated with a BS in Finance in '09, and due to a combination of poor networking, the state of the industry at the time, and bad luck, I was never able to land an internship while in undergrad nor a banking job upon graduation. Despite decent grades I was never even able to land an interview. I...
Question about 401k, insurance, etc prior to FT
Hey guys, so I am starting full time soon in a boutique. I am gathering all my documents and figuring out what plan I should choose and it's pretty confusing, so i was wondering if anyone with experience can help. Here is my situation with my 401k: 1. My employer does NOT match anything I put in 2....
401K option?
Could anyone give some insights & thoughts which firm is better for keeping your 401K? Fidelity vs. Vanguard My new firm has Vanguard as a vendor and now i am debating myself whether i should roll over previous savings from Fidelity or not. Thanks in advance for help!
401k Matching Question
Hey all, Looking for some advice on 401k plan. Would it always be best to max out the 401k? With a base salary of 55k and employer matching of 50% up 15%, should I go for the full max of 15% if I can afford it? I'm fortunate enough not to have rent payments, so pretty much just have utilities, car...
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