Search found 17 matches

by miriamele
Wed Oct 07, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: 410k after-tax $23k option?
Replies: 7
Views: 804

Re: 410k after-tax $23k option?

Way to go for it. One note is that the plan will need to do discrimination testing. This means if you are a highly compensated employee you run the risk of not being allowed to do the full amount in the after tax option. This has been explained by Spirit Rider and others in more detail on other thre...
by miriamele
Wed Sep 02, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17550

Re: Should I quit high paying job?

Wow. Unreal the amount of negative energy directed at HR. I have made a 25+ year career in HR and I focus on doing the right thing for the business, the leadership and the employee. Often I don't agree with management and advocate for the employee if I don't think they have been treated fairly. In o...
by miriamele
Mon Aug 17, 2020 4:43 pm
Forum: Personal Investments
Topic: Questions about 401k Plan Costs
Replies: 4
Views: 359

Re: Questions about 401k Plan Costs

You have a reasonable size plan, IMO. The balance per participant is very good and I think you would be eligible for some good options should you choose to bid this out. For comparison, our plan is 27 mill in assets with 600 participants. We are a rapidly growing company so new hires usually have lo...
by miriamele
Tue Jun 23, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Severance Package Concern - Update #4 and Thank you All
Replies: 97
Views: 7978

Re: HELP: Severance Package Concern

OK, I am hesitant to post this but in the interest of sharing an alternate opinion I will. I work in HR **dodges rotten tomatoes**. I respectfully disagree that I am an agent of darkness. :twisted: I won't get into that old argument but for the OP I would suggest: Go ahead and meet with HR, can't hu...
by miriamele
Thu Feb 06, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Merit Scholarships - Advice and Strategies?
Replies: 91
Views: 6908

Re: Merit Scholarships - Advice and Strategies?

Good luck with this, I've got a first year university student and a HS junior so I'm right there with you! My daughter is at U of Oregon on the Excellence Scholarship (15K/year out of state) and in the Honors College there. So far a great experience and the cost is on par with in state UC schools fo...
by miriamele
Wed Feb 05, 2020 6:31 pm
Forum: Personal Consumer Issues
Topic: Any adult Nintendo Switch owners? Thoughts?
Replies: 29
Views: 2313

Re: Any adult Nintendo Switch owners? Thoughts?

+1 for Breath of the Wild. Also for RingFit - very fun and a good workout. 3 out of 4 of our family do it pretty regularly. There is also a fun boxing workout game.
by miriamele
Fri Mar 01, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: Things to do in and around San Diego
Replies: 33
Views: 2089

Re: Things to do in and around San Diego

I would second the suggestions for LEGOLAND, Zoo and La Jolla. The Wild Animal/Safari park will be very hot but if you go early it's OK and the animals are more lively. The kayaks in La Jolla are fun and can include a visit to the caves! As far as where to stay, you can try and stay close to a Coast...
by miriamele
Mon Jan 07, 2019 6:38 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1497

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

My understanding is if you are eligible for a 401(k) even if you choose not to contribute, your IRA contribution is non-deductible so it depends on your W-2 Box 13. I would also be wary of starting up a traditional IRA if you ever intend to do a backdoor ROTH. I know definitively that you can keep y...
by miriamele
Thu Jan 03, 2019 1:00 pm
Forum: Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1497

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

You can certainly have more than one 401(k). If you have one with a former employer, you cannot contribute but you can maintain it there so long as you have more than 5K in it.

One reason might be to keep your backdoor Roth options open without entangling a traditional IRA in the mix.
by miriamele
Fri Nov 09, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Help. They are removing index funds.
Replies: 56
Views: 4562

Re: 401k Removed Index Funds

I vote that she go. I must disclose that I work in HR (I know, I know...). I would stick to the talking point of choice for the participants. You could refer to satisfying fiduciary responsibility - here's an article that might help? https://www.employeefiduciary.com/blog/401k-index-funds-make-reduc...
by miriamele
Mon Nov 05, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA or Not? 1st Child Born in Feb
Replies: 19
Views: 1832

Re: HSA or Not? 1st Child Born in Feb

I may be looking at this incorrectly, but I'm considering a simple "worst case" scenario where I max out my out of pocket costs for each plan and these are the numbers I'm looking at assuming March - December coverage: PPO90: $5,085 premium + $1,500 OOP = $6,585 PPO100: $6,980 premium + $...
by miriamele
Thu Nov 01, 2018 10:47 am
Forum: Personal Investments
Topic: 401k has high fees
Replies: 15
Views: 1371

Re: 401k has high fees

It never hurts to ask the HR team if the company is open to looking at the options in the plan. I am in HR (I know, I know...) and I've redone the 401(k) plan at every company in my career. Many companies just don't know and then inertia takes over. Current plan dream line up with Vanguard, ALL feel...
by miriamele
Thu Oct 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1907

Re: Between Jobs: Obamacare vs COBRA?

Previous posters are correct - you have 60 days to elect COBRA from your qualifying event (loss of coverage) and 45 days to make your first payment. So this can be stretched to 105 days. If you do this then the coverage is retroactive with no gap. You may have issues getting out of pocket expenses r...
by miriamele
Wed Oct 10, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2508

Re: Job Opportunity - Via Staffing Agency

* Ouch *
I understand HR gets a bad rap and sometimes I look at my 'peers' and I can't disagree. For myself I can say I do truly advocate for the employee balanced with what's best for the business. I'm often amazed and people's tales of evil HR from their past. :twisted:
by miriamele
Tue Oct 09, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2508

Re: Job Opportunity - Via Staffing Agency

I work in HR and I can say that we generally pay a lump sum to headhunters and hire people directly. I hate the 'try before you buy' mentality - not a great way to start off an employment relationship! Also, there are joint employer issues so as a company you aren't absolved of all employment liabil...
by miriamele
Mon Sep 24, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Another Wifi extender thread
Replies: 39
Views: 3215

Re: Another Wifi extender thread

Another vote for Google Mesh - three units. Some of the best money I ever spent and the easiest set up ever. After 3 or 4 months, smooth sailing so far with no drops and great speed and coverage. Good luck!
by miriamele
Mon Sep 24, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard for business 401K?
Replies: 12
Views: 990

Re: Vanguard for business 401K?

Hi ylee - I'm a first time poster - long time lurker. As an HR person, this is one of my passions! I've moved 401(k) plans four or five times and started a couple from scratch. I recently moved my current company's 401(k) to Vanguard and we also seriously considered Fidelity. We had 16 mill in asset...