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A 401(k) is a profit-sharing retirement saving plan some U.S. employers offer. It lets you contribute a portion of your pre-tax income to a tax-advantaged investment account.
Some readers asked what "subsidy" employers get from 401(k) advisors and mutual fund families. Here's the way it works. Brokers and fund families (with few exceptions) make.
If you're terminated before your official retirement date, you have a few options. To start, though, you may want to consider talking with a tax advisor before making any withdrawals from your 401 ...
Severance agreements cannot contain clauses that prevent employees from speaking to an attorney to get advice about whether they should accept the offer, or speak to an attorney after they sign. The offer also cannot require that the employee commit a crime, such as failing to appear subject to court subpoena for proceedings related to the company.
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
If your employer cannot offer more money but they do offer health benefits that you can get from your spouse, then they may agree to pay you the value of the health insurance benefit in cash instead.
Workers whose employers do not offer a retirement plan can set up their own IRAs through a bank or financial services company (e.g., Vanguard or Fidelity), or they can sign up for CalSavers ...
Even though a company can still renege on a written offer, having things in writing means that you know exactly what terms you should expect in the new job. 2. Finalize any pre-employment testing.