Employer changing me from W-2 to 1099: How much more should I get paid? I am a Physical Therapy Assistant in pediatrics and I have been working as a W-2 employee for this company for 6 months now. The whole company is having a whole rebrand and with it, they are now deciding to change everyone to 1099. I have never been a 1099 before but I understand that now I am responsible for my taxes, my health insurance, and m…

Employer terminated 401k My employer just terminated my 401k that I’ve only had for 2ish years. I’m new to this, what’s the best idea for what to do with it. I understand basic options are Roth or traditional but what’s a better choice and how would I go about this? submitted by /u/otinutz

Employer hasn’t matched their full commitment to my 401k. My employer offers a 401k match up to 4% of earnings. I’ve set my contributions to 4% and have maxed out my contributions last year and this year; however my employer’s contributions stop around ~$13.5k both years. I do receive commission checks and have noticed that they match those as well as my regular salary. There is no stipulation that t…

Do not rely on life/disability insurance solely through your employer. Do not rely on life/disability insurance solely through an employer. Do not rely on life/disability insurance solely through an employer. Do not rely on life/disability insurance solely through an employer. Obtain coverage individually, as well, with no ties to whether you’re working there or not. The younger you purchase, the better. Signe…

Employer Moving to Stocks Instead of Cash for 401k My employer recently sent out this communication to all employees regarding their retirement accounts: “As part of our commitment to help you prepare for your future, adds matching contributions to your account in the savings plan. Currently, the company uses cash to provide the match and, when the match is added to your acco…

Previous employer terminating pension plan. I will receive a lump sum payout. Now what? Hello all! I will be turning 65 in December. I have been retired and drawing SSI and a pension from my last employer since I turned 62. I am also vested in a pension from a previous employer. This pension plan has been in declining status since before I retired. I cant remember exactly what the official term is but basically the company has clai…

Employer missing payroll I work at a relatively small company and am a salaried employee. We have automatic deposit on the 1st and 15th. I have worked here for several years now, and in that time my employer has missed payroll twice, once a couple of years ago and then again today. I try to be forgiving with it being a small company, but as someone who is currently livi…

If an employer doesn’t match, would you do a Roth or 403b? I’m leaning towards maxing out a Roth then whatever I can budget into a 403b. Is that the correct line of thinking? Edit: this is for a potential job. I would be making about $70/hr (basically double than what I could make anywhere else in my field) with a reasonable COL. My plan is to work here for 2-3 years, save a big chunk of money for a dec…

Employer overpaid me, then took more than what was owed – no communication My employer accidentally paid me for three weeks on a weekly check instead of one week. I got two additional weeks pay. I reported this instantly and didn’t receive a response for several days until my manager called me. He said he would take it out of my next paycheck. Okay. My entire next paycheck was taken, which included 8 hours overtime. Th…

My employer offers both traditional and Roth 401K I get a company match on whichever I choose to contribute. For the first ten years I contributed solely to the traditional 401K as that was all that was offered at the time, but for the last couple of years I’ve switched to contributing solely to the Roth 401K as it became a new option for us. Since I get a match on either one, and the bulk of m…

401k ex-employer to employer transfer and Rule of 55 Hi – Let me begin by saying any help/advice here is greatly appreciated. I’m 51 and have been at my current employer for 18 years. In addition to my 401k with my current employer I also have a 401k from a former employer, both are with Fidelity. (2 separate accounts) My goal is to retire at 55 and financially I’m currently on track to do so. Wh…

Employer took away our FSA carryover Not sure if this is the right subreddit to post this so apologies if it’s not… My company was acquired at the beginning of the year by a large corporation but we are still operating independently for the rest of 2024. They’ve really kept us in the dark about a lot of the details including benefits, working locations, salaries, titles, etc. Any…

Best way to do employer student loan repayment Hello! I might be overcomplicating this, my bad if so! I have $8,500 total in student loans. My job offers $100 a month towards those loans. I was wondering what would be the best way to maximize the amount my job is paying into my loans while also not paying too much extra in interest. I just graduated so I’m currently in the 6 month grace per…

Do share prices remain the same when rolling over a 401k to a new employer’s plan? Hey r/personalfinance I’m seeking advice on rolling over my 401k from a previous employer to my new employer’s 401 plan. One thing I’m particularly uncertain about is how the rollover process affects the shares I’ve accumulated over the years. Specifically, when I do a rollover, do the shares I bought retain their original purchase price, or do…

Do I have to wait until the vesting period to see employer’s 401k match in my retirement account? Hi everyone, I am a new employee at a large company and I started January of this year. I was eligible to contribute to my 401k as of April. I have been contributing and was supposed to get an employer match, however, when I logged into my retirement account today, I only saw my total contributions and the “employer contributions” were zero. How…

Student Loan 401k through Employer Title says it. Just started a new employer where they will do 10% 401k student loan match 1:1, which amounts to $733/month. I currently have a 70k private loan w/ 10 yr term at 7%, which is around $800/month minimum (but I plan on paying more since I share rent with roommates). I am a 24 yr old college graduate and more concerened with paying hi…

What happens if I overpaid in taxes due to employer error? I paid more in taxes this pay period. I usually pay 16% (around $370.00) in taxes but I paid 23% ($1073.57). This is because my employer doubled my hours in error. My employer already said they were going to recoup this overpay in my next paycheck. but what happens to the taxes I overpaid? From what I calculated, I still overpaid taxes by $325.1…

USA Finance Questions: Husband’s new employer doesn’t offer retirement or life insurance. Can/should he get them on his own? Husband, wife, 2 young kids. Husband got a great new job at a nonprofit that pays well, but does not offer 401k or other retirement, health insurance, or life insurance. I have all of these benefits through my job. I’m okay carrying the health insurance through my employer, but should he set up some sort of retirement and life insurance outside …

My employer says they can put my per diem on my paycheck and that it will be tax exempt, is this possible? Edit, Wow that was quick, thanks everyone for the fast response , I hope you all have a great night (: I used to get cash per diem when going out of state but now it has been changed to getting it on my paycheck. I also had to get my own hotels this trip and they are saying they will reimburse me on my paycheck but make it tax exempt, is this r…

Can someone explain “cash” vs “holdings” and what they both mean in regards to my husbands and my employer investments? Joint employer investments: Current value: $461,749.49 (Cash: $52,353 – Holdings: $406,626.49) Most of the “holdings” is coming from my husband’s 401k (holdings listed at $389,745.73) which has 11 different funds showing various quantities, prices and values for each. However, under the “taxable” portion of our investments in our financial port…