#employer

My employer says I have to pay for gas in their work truck.

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My employer says I have to pay for gas in their work truck. So I had to start driving the company van after the last guy quit, I now have to pay for the gas for the van which is $400 per month on average. Before this, I drove my own personal vehicle which cost me around $140 per month. I brought it up to my employer but they simply dismiss it and say “we cover insurance, tires, maintenance” but the van d…

Reddit Personal Finance 147 2023-08-30

Old employer still paying me?

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Old employer still paying me? (Protected by California “at will” labor law) – California’s Labor Code contains a presumption that employees are employed at will. This means that either the employer or the employee may terminate employment at any time, with or without cause or prior notice. So since I started working at my new job in April I’ve received around 12 to 16 hours…

Reddit Personal Finance 159 2023-08-29

Previous Employer is still contributing to the 401k that was set up

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Previous Employer is still contributing to the 401k that was set up I left the job at the end of the year (Dec 29th) and have been getting quarterly statements from the wealth management group that is managing the 401ks. Contributions are still being made as if I worked there. Obviously the moral thing to do would be to tell them and have this stopped. When I do this, will they be able to take the money back or …

Reddit Personal Finance 179 2023-08-26

How Screwed am I with Employer Housing?

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How Screwed am I with Employer Housing? I live in affordable housing provided by my spouses employer in a HCOL area. It appreciates at about 1.25% per year. The home was 300K when I bought it a few years ago and the interest rate is 3.5%. I make significantly more with my job now then back then. I will probably never afford in the city where I live as the smallest homes are 1.4 millio…

Reddit Personal Finance 232 2023-08-24

Employer provided insurance costs

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Employer provided insurance costs Hello all. Not sure if this is quite the appropriate sub. I’m interviewing for new jobs, and got an offer last week. The salary is a decent bump for my profession — $57k (current) to $65k (offer). However, looking at the benefits, the medical costs are (at minimum) $406 / month, pre tax. That’s health, dental, vision. To get a comparable medica…

Reddit Personal Finance 171 2023-08-23

What happens to my 401k if I quit my job? Do the contributions my employer made stay put? Or do I surrender that upon resignation?

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What happens to my 401k if I quit my job? Do the contributions my employer made stay put? Or do I surrender that upon resignation? I’m trying to get some info about this through my employer, but because I’m not sure if I will be resigning, I do not want my employer to know about it. I can’t seem to find a way to ask questions without getting them involved. submitted by /u/puppyroosters

Reddit Personal Finance 199 2023-08-19

Employer won’t honor mileage rate

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Employer won’t honor mileage rate As of January, the IRS standard mileage rate is 65.5 cents per mile. My employer says it will still use .45 cents for reimbursements. What remedy do I have? What are the tax implications? TUA! submitted by /u/howsadley

Reddit Personal Finance 173 2023-08-15

How does employer provider healthcare work opposed to getting your own through the marketplace?

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How does employer provider healthcare work opposed to getting your own through the marketplace? I was recently let go from my job of 11 years suddenly, so I’ve been trying to put myself out in the job market again. I worked at a restaurant as a manager, and they didn’t offer any kind of benefits like health insurance or 401k. As I’ve been searching around on job boards for different restaurants, a lot of them seem to offer benefits. Perhap…

Reddit Personal Finance 166 2023-08-11

Employer screwed up a payment to me and then asked me to wire the money back

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Employer screwed up a payment to me and then asked me to wire the money back I work for a small US company that was acquired last year by a larger publicly traded company in another state. At the time I was a fairly low level employee but we were only like 5 people so I had some equity in the company. Part of the terms of the buyout included to buy out all the employees had in the original company. This payment (roughly …

Reddit Personal Finance 192 2023-08-10

What You Should Do When an Employer Ghosts You

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What You Should Do When an Employer Ghosts You It’s not your imagination: Finding a job is harder than ever. Not necessarily because of a lack of jobs, but because the interview process has become what scientists call awful. It begins with the requirement that you upload your résumé and then replicate all that information in a wonky online form; and leads you… Read more…

Lifehacker 154 2023-08-10

Employer only offers ROTH 401k… should I pivot?

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Employer only offers ROTH 401k… should I pivot? I am ashamed to say for the last 3 years I have been contributing to my 401k thinking it was a typical standard pre-tax deduction. NOPE. Its a roth. So, a little more expensive on the “bottom line” if you know what I mean. With that said, I want to up my contributions in the most efficient way possible (tax deductible if possible) and have a ver…

Reddit Personal Finance 205 2023-08-09

What would you do if you knew your employer would leave your area in 5’ish years and your position might be eliminated?

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What would you do if you knew your employer would leave your area in 5’ish years and your position might be eliminated? What would you do different financially as a renter? Would you save more? Or would you not do much else differently with that being so far out? Would you move to stay with the employer if the job market for that field in your area would be saturated? It’s hard to not “live” my life based on something that is likely going to happen. There’s alway…

Reddit Personal Finance 252 2023-08-07

My employer is offering a 1 time choice to switch my pension.

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My employer is offering a 1 time choice to switch my pension. As the title indicates my current employer is offering a one-time “opportunity” to change how my pension benefit is calculated. The current formula (annual accumulation method) takes 2% of monthly pay minus 0.6% of pay that is not over the annual social security wage base. The new method (lump sum method) would accrue 18% of your pay plus a perc…

Reddit Personal Finance 127 2023-08-06

Potential employer sent relocation money. Job didn’t work out and they won’t take it back.

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Potential employer sent relocation money. Job didn’t work out and they won’t take it back. I’ll try to make this as clear as possible. Early last year, 2022, I accepted a position out of state with a large employer. At all times, I was in personal contact with the VP of HR for this company. The employment package included a significant relocation package (full move plus $20k in lump sum). $5k of this was given to me up front before t…

Reddit Personal Finance 200 2023-08-06

My Employer didn’t pay me for 3 months and when I asked this is what I have been replied

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My Employer didn’t pay me for 3 months and when I asked this is what I have been replied Hey, I just moved into a new company last February and i was doing freelance/ project based payment work for their clients and on the first month they paid me way less and said “at this moment we would only be able to pay you this much and when I join for full time they would be giving me a full time salary till then this would be the best we co…

Reddit Personal Finance 209 2023-08-05

When to start investing if you’re at your employer’s max 401k match but not max contribution?

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When to start investing if you’re at your employer’s max 401k match but not max contribution? Hi all, Beginner investor here, mid 30s. Looking into simple 2-3 fund passive investments. Married filing jointly, firmly in the US 22% tax bracket. Spouse and I both contribute about 7% of our paychecks which is 1% over the max match. Based on the tax benefits of tax deferred 401k should I even bother starting some form of simple investing with…

Reddit Personal Finance 204 2023-08-05

What to do with ex-employer HSA?

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What to do with ex-employer HSA? Had a HSA setup with my previous employer through Bank of America. My time making contributions to it was short-lived; ~6 months before I was no longer with the company. The balance was just shy of the $1k minimum needed to actually start investing any contributions. I think it was literally around $980. I don’t believe my current employer healt…

Reddit Personal Finance 198 2023-08-05

Employer doesn’t match 403B till I’m 26

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Employer doesn’t match 403B till I’m 26 I’ve been contributing about $500 a month to my 403B, but I don’t receive employer for 2 more years. I have just been doing this to lower my taxable income. My question is, should I invest this $500 into my Roth each month? I currently invest 300 a month into it, which is not enough to max it out for the year. Thanks! submitted by /u/Fina…

Reddit Personal Finance 182 2023-08-05

Did my employer get away with not paying us overtime for almost a year?

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Did my employer get away with not paying us overtime for almost a year? I’m wondering if my company screwed me out of overtime for 10+ months. Louisiana, United States. I had to get a Class C drivers license to drive an armored car, yes, for delivering cash to banks, businesses and casinos. They claimed were fell under the same rules as a over the road CDL truck driver and were not owed overtime. I worked 7 days a w…

Reddit Personal Finance 182 2023-08-05

My employer says they 401k match 4%. Turns out they meant 4% of contributions, not 4% of salary. Is that normal?

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My employer says they 401k match 4%. Turns out they meant 4% of contributions, not 4% of salary. Is that normal? https://imgur.com/a/U2rXY4a Employer contribution language: https://imgur.com/a/NrUKlbt I thought 4% matching meant 4% of my total salary matched. I asked HR and they said no we match 4% of each contribution. So I contributed $2000 and they gave me like $100. Is that normal? I feel like that’s barely anything and I’m not even sure how much to c…

Reddit Personal Finance 169 2023-08-02