[Anonymous]

Hey guys,

I am starting my career in Public Accounting with Deloitte in few weeks. And I was wondering if you guys can help me some the employee benefit questions.

I am really confused regarding the health plans. There are quite a few of options and I am not sure which one is best for me as I have never dealt with these before. Before this, I only dealt with student health insurance which was real easy compared to this. So any one who is familiar with Deloitte health plans, can you suggest me to how to go about this? (I am single and don’t have any dependents)

Also, regarding 401k, Deloitte offers wide options from Vanguard. I am thinking to max out my 401k and put all of it in Index fund. I am planning to diversify my portfolio with mostly on equities and then remainder in growing economies and high yield dividend funds.

Please let me know what you guys think. I would greatly appreciate any suggestions.

Thanks!

[ruggercpa2b]

When you start with the firm and start completing your new hire stuff you will get the numbers that you can call for help. Also I think once you start you can ask other peers what they have picked. That is how I went about it when I started. They do offer so many different options. You can also ask your Talent representative, they should be able to guide you in the right direction.

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[Whopper Warrior]

Unless you already have a sizable amount of other savings I would not recommend maxing out your 401k. You should consider maxing out until they stop matching; and then look towards other alternatives such as a ROTH IRA (tax now, nontaxable in retirement). Even before the ROTH, you should also consider current savings. A rule of thumb is one month's salary in semi liquid assets, such as CD's.401(k)'s are ugly creatures when it comes to unauthorized withdraws.

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[Anonymous]

Thanks ruggercpa2b.

@Whopper. What I meant with maxing out it is max till matching and put in more if I can save some more. But I do agree with you about Roth IRA and semi liquid assets.

[Author]

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