I have pretty good health insurance now that I switched jobs, but my previous employer’s health insurance benefits were degrading pretty rapidly and because they are such a small company I can see them continuing down that road.Â While talking to one of my buddies at the old company he showed me this site where you can go out and get quotes on various health insurance plans on your own.Â For those wondering the site is www.ehealthinsurance.com
I just thought of something that I think would be fun to track as it will make sure I don’t overestimate how big my retirement nest egg really is. I currently have a mix of Roth IRA, Roth 401k, and Traditional 401k retirement accounts that combined together give me that number at the top right corner of my blog. One thing that people often forget when saving for retirement is taxes (the other is inflation). You see any money that is stored in traditional 401k or traditional IRAs you need to pay taxes on when you withdraw it. This means that the government actually owns part of my retirement nestegg.
I always find myself looking for these limits so I figured I’d just put them on my site for a point of reference. Below are the maximum contribution limits for 401k plans each year from now through 2009.
|Year||Maximum contribution limit|
Well I went into my HR department yesterday and asked them if I had ever signed a non-compete agreement. She looked through my file and said yes you signed this. I got a copy of what she gave me and turns out it was just a confidentiality agreement that basically said I would not divulge our and our customer’s trade secrets. To make matters even better the agreement is suppose to have my name on the front page and it is just left blank. It does have my signature on the last page, but seeing as how it is suppose to be an agreement between me and the company it requires the owner’s signature also – which happens to be blank.
Sorry for spending too much time on my job search, but I think this will be of value to me down the road to evaluate this decision and well it very much effects my financial situation and retirement goals.Â In fact it may somewhat ruin my goals as they may become too easy…again not worst problem in the world.
Well if you have been following my blog lately you know that I have quite a few options available to me.Â I have actually turned down Company 1 and a few other opportunities have presented me since my previous posts.Â One of those opportunities is with a client that I have been consulting at for the last 1.5 years and while base salary wise it is not the highest of the bunch, the total compensation bonuses/401k matching/pension/health insurance takes it pretty much to the top.Â Add in the fact that it is 18 minutes from my home, has very flexible and light hours, and I would be able to use the latest and greatest technology and it is pretty much by far the place I want to work at.
This is the fourth post in a series of posts on Realistic Rate of Return. You can view Part I, Part II, and Part III here. In this part I will try to touch on inflation and how it can affect my nest egg’s value as we travel through time. Sorry for the small delay between Part III and Part IV as this post has been sitting in my drafts folder 60% done for oh the last 9 months 😉
What got me going was that I it was pointed out that I did not consider taxes and inflation in posts like this. While the original post was suppose to be more motivational than scientific it did bring up a good point that I have not talked too much about taxes and inflation on my blog and what do you know I had an article on inflation half done in my drafts folder so here you go.
Well I kind of stopped updating my job dilemma string of posts right now because I really didn’t want to make anything more overwhelming than it already is as far as companies, but figured I’d give an update on the whole situation and maybe apologize for my instability yesterday morning. This is probably more for my benefit than my readers, but I think it will be interesting to look back at my thought process during this point in my life and see how well I made decisions. So anyway here goes.