Tag: employee benefits

New Job, Smart Money: 5 Financial Moves to Make
July 28, 2024 Off

New Job, Smart Money: 5 Financial Moves to Make

By The Admiral Staff

Starting a new job significantly impacts your finances, and it’s crucial to make smart money moves. Key steps include rolling over your old 401(k), carefully evaluating health insurance plans (considering premiums, deductibles, and potential HSAs), and exploring all employee benefits like tuition reimbursement or childcare vouchers. Avoid “lifestyle inflation” by directing a portion of your increased salary into savings, and finally, readjust your budget to reflect any changes in income and expenses related to the new role.

Decoding Your 401(k): Essential Questions for New Employees
April 20, 2024 Off

Decoding Your 401(k): Essential Questions for New Employees

By The Admiral Staff

While signing up for a 401(k) as soon as possible is generally advised, experts caution against rushing into a plan without understanding its details. Key questions to ask when starting a new job include eligibility, employer matching, automatic enrollment, rollover options from previous plans, fees, the plan provider, investment options (favoring low-cost index funds), and who to contact with questions. If the plan is unsatisfactory, employees should communicate concerns to their employer and explore legal options if necessary.

Beyond the Paycheck: The Wildest Employee Benefits You Won’t Believe
August 29, 2023 Off

Beyond the Paycheck: The Wildest Employee Benefits You Won’t Believe

By The Admiral Staff

Several companies are offering unique employee benefits beyond the typical offerings. Some, like Netflix and Virgin, provide unlimited paid vacation time, though critics suggest this may be a cost-saving measure. Others, including Zappos (owned by Amazon) and Riot Games, offer employees money to quit, aiming to retain only highly motivated staff. Beyond these, companies like Workman Publishing offer naptime, Advance Medical provides free beer on Fridays, and Chitika boasts a juice bar, gym, and catered lunches.