#benefit

Is paying cash for a phone have any real financial benefit?

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Is paying cash for a phone have any real financial benefit? So I grew up on Dave Ramsey and although I have matured enough to know he isn’t the end all be all with finances, I am still a big advocate of avoiding debt on stupid purchases that aren’t a necessity. That being said, I feel like the way phone plans are set up, it doesn’t seem that bad just to just do their payment plans as opposed to spending …

Reddit Personal Finance 388 2024-10-24

Recently started a job with a TIAA retirement plan benefit investing in a CREF Money Market R1. Should I contribute here or with my current Money Market account?

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Recently started a job with a TIAA retirement plan benefit investing in a CREF Money Market R1. Should I contribute here or with my current Money Market account? I live in the USA if it is of any help. I recently started a job with a retirement benefit through TIAA. I know little to nothing about this sort of benefit. All I can gather from the info packet is that 100% of any contribution I make will go towards a CREF Money Markey R1 investment. I currently have a Discover Money Market account with ~$31,0…

Reddit Personal Finance 1.3k 2024-07-18

Life insurance vs annuity death benefit payment confusion (read body in post)

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Life insurance vs annuity death benefit payment confusion (read body in post) I am fully uneducated in this area and would like some advice. My mother passed away a few months ago and I have found that after her death she’s had a couple of life insurance policies and annuity accounts. I am unsure of the difference between the two. I live in a different state of my mother and do not have access to her policies to see the d…

Reddit Personal Finance 486 2024-07-15

Withdraw from Parking Benefit Plan?

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Withdraw from Parking Benefit Plan? Hi All, I contribute a portion of every paycheck to my employer provided Parking Benefit account which is pre-tax contribution I am able to use to pay for parking. This rolls over from year to year. From what I am reading via IRS guidelines, if I don’t use all of the funds, this money is essentially “unrecoverable” and I cannot withdraw the bala…

Reddit Personal Finance 1.1k 2024-07-13

Comparing pension/defined benefit to RSUs – total comp

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Comparing pension/defined benefit to RSUs – total comp I’d like to think I’m pretty knowledgeable about pensions and RSUs and how they work but having trouble determining a good comparison tool/calculation for determining total compensation between job offers when one offers a pension/defined benefit plan (1.7 multiplier, 63 retirement) and the other has RSUs (typical 4 year/1 year cliff). Seems lik…

Reddit Personal Finance 1.1k 2024-06-23

Question about social security benefit amount for widow on early death of husband

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Question about social security benefit amount for widow on early death of husband Imagine a couple with an 8 year age gap (male older) intending to increase or maximize their benefit amount by waiting at least until the husband is 70. Both their FRAs are 67. Unsure when they intend to claim spousal benefit for wife, who has limited earnings history. There aren’t any kids or remarriage. Husband dies at 69, so wife is 61. Coupl…

Reddit Personal Finance 624 2024-06-22

Termination of Defined Benefit Pension Plan

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Termination of Defined Benefit Pension Plan Hello all! Hoping someone can answer these questions for me in simple terms, because I am desperately stupid where all of this is concerned. I worked at a company for 12 years and then roughly 6 or 7 years ago I left that company. They’ve had my 401k ever since and I get monthly statements from them about it. Recently, I received a letter from …

Reddit Personal Finance 591 2024-06-21

Is there any benefit to paying an escrow shortage in full?

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Is there any benefit to paying an escrow shortage in full? I have an escrow shortage of $4100. Our current monthly payment is $2000, and it would go up to $2500 if I don’t pay it in full. Is there any reason why I should consider paying it in full up front versus just having the extra amount added to my monthly payment? submitted by /u/Ancient_Signature_69

Reddit Personal Finance 1.0k 2024-06-17

Eriksen, Højlund Utd linkup can ‘benefit’ Denmark

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Eriksen, Højlund Utd linkup can ‘benefit’ Denmark The Danish duo of Christian Eriksen and Rasmus Højlund will show the benefits of playing together for Manchester United at Euro 2024 despite plenty of turbulence at the Premier League club this past season, according to assistant coach Morten Wieghorst.

ESPN 674 2024-06-14

Received a promotion, and the option to change retirement plans from defined benefit to defined contribution, but not sure which to go with.

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Received a promotion, and the option to change retirement plans from defined benefit to defined contribution, but not sure which to go with. I’m currently 36 with 10 years at my current role, and I just received a promotion at a state university in Virginia which will switch me from a staff to a faculty role. With this new role comes the option to change retirement plans. I’m currently in a defined benefit plan (already vested), but have the option to switch to a defined contribution…

Reddit Personal Finance 1.1k 2024-06-04

Company car benefit, is this a good deal?

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Company car benefit, is this a good deal? I work as a home health physical therapist. Typically you are reimbursed for mileage driving between patients. A company I recently interviewed for offers a leased company car that costs $100/week. This cost is automatically deducted from each paycheck. The car includes an unlimited gas card and all maintenance services/repairs. The car can be u…

Reddit Personal Finance 560 2024-04-23