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I had pennies saved, but almost all of them went away during multiple years of unemployment and school.
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Feb 7, 2017 06:55
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pig slut lisa posted:How is it any more hassle than splitting up direct deposit? I guess there must be some reporting requirements? Having worked in corporate treasury, I can tell you that wage garnishments are a pain in the rear end because they usually come in the form of dozens of tiny biweekly payments to random government agencies. This is similar to why state and local taxes are such a hassle even if you are only on the hook for a few dollars.
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Feb 7, 2017 07:12
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emocrat posted:We pay 1530/month for my 5 month old. You leave your 5 month old at kindergarten? Is that a thing in the US?
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Feb 7, 2017 10:14
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Lmao at embezzling wife guy posting from his main account. Icing on the cake is that he is the proud owner of an ugly Porsche (and posted the name and location of his business a few months ago).monster on a stick posted:There has even been espionage because some spook was in debt up to their eyeballs and insert-foreign-government-here offered them a bag of cash if they handed over some papers. It happens, which is why large amounts of debt are a red flag for security clearance investigators. It comes up in this thread every 6-8 months or so, you can read the clearance adjudication stuff online. Lots of BWM and also some really sad stuff. VideoTapir posted:I had pennies saved, but almost all of them went away during multiple years of unemployment and school. Yep, same here. Pompous Rhombus fucked around with this message at 10:36 on Feb 7, 2017 |
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Feb 7, 2017 10:33
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double ohm seven posted:You leave your 5 month old at kindergarten? Is that a thing in the US? Probably daycare, not kindergarten. And yes, that's what "no federally protected parental leave" gets you.
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Feb 7, 2017 11:35
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monster on a stick posted:There are some incredibly creative ways to defraud a company besides just handling cash. Some stuff I can't talk about for reasons but for instance, you can order stuff for your company (think anything - computer parts/software, supplies, whatever) and turn around and sell it on craigslist. Google "internal fraud", there's tons of it out there. There has even been espionage because some spook was in debt up to their eyeballs and insert-foreign-government-here offered them a bag of cash if they handed over some papers. You don't even have to be that secretive in some situations, the last IT job I took over, the previous guy had been buying stuff from his own personal company, he told management that he was doing so to buy things at wholesale costs to save them money. He left and 2 weeks into my new job I had the HR girl give me an invoice from him where he was demanding immediate payment, I couldn't believe what I saw him demanding. One of the items that caught my eye was 20x250Gb SSD's for $600 a peice (about $300 each at the time from a local retailer), it caught my eye because they were still sitting in a box in a cupboard doing nothing, I told the guys in charge they should just tell him he can have them back and waive the invoice and cataloged all the other useless poo poo that was still in their original packaging (low price stuff, keyboards, mice and USB sticks) and advised they should probably do the same with all this useless junk. Instead they didn't want to cause a fuss and just payed him. 
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Feb 7, 2017 11:51
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double ohm seven posted:You leave your 5 month old at kindergarten? Is that a thing in the US? It's a thing in Germany. You're expected to go back to work after 6 months and leave your child in nursery. Not that you have to, it's just the general expected "this is what everybody does". Mind you German parental leave is something like 18 months split however you want between both partners (I forget the details, it's been a while) so if you want to stay home you certainly can.
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Feb 7, 2017 13:31
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Don't worry, Qwn Ivanka is going to fix parental leave for us once we get this Mooslin Ban straightened out.
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Feb 7, 2017 13:49
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US has no parental leave requirements, although you can often take unpaid leave under FMLA (lol). So a lot of people burn up their vacation and sick days and then go back to work - or quit if their job doesn't cover the cost of care. So it's not unusual for infants to be in care by 3 months.
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Feb 7, 2017 14:16
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Ashcans posted:US has no parental leave requirements, although you can often take unpaid leave under FMLA (lol). So a lot of people burn up their vacation and sick days and then go back to work - or quit if their job doesn't cover the cost of care. So it's not unusual for infants to be in care by 3 months. Thats cause Americans work harder and better than any other country. 
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Feb 7, 2017 14:36
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Rudager posted:You don't even have to be that secretive in some situations, the last IT job I took over, the previous guy had been buying stuff from his own personal company, he told management that he was doing so to buy things at wholesale costs to save them money. He left and 2 weeks into my new job I had the HR girl give me an invoice from him where he was demanding immediate payment, I couldn't believe what I saw him demanding. One of the items that caught my eye was 20x250Gb SSD's for $600 a peice (about $300 each at the time from a local retailer), it caught my eye because they were still sitting in a box in a cupboard doing nothing, I told the guys in charge they should just tell him he can have them back and waive the invoice and cataloged all the other useless poo poo that was still in their original packaging (low price stuff, keyboards, mice and USB sticks) and advised they should probably do the same with all this useless junk. I work testing equipment with datacenter rollout at a large cable provider. A previous guy in our department pushed us to buy a certain vendor's product, then left our company and joined their's as a technical rep to us, their brand new client. So fraud and abuse of position take all forms. This bit of back scratching probably netted the vendor several million over the life of the contract. It wasn't worthless. The hardware/software works. But it's not a top 5 brand so I've spent 3 years learning and maintaining products that no one else uses. I put this poo poo on my resume and people are like, "LOL whut this?" Solice Kirsk posted:Thats cause Americans work harder and better than any other country. You're not wrong. I remember my mom bitching about dealing with co-workers in Germany who'd take off 6 weeks and have no backups. I mean, we work ourselves until we're sick and then we get fired and have no health insurance, but damnit Americans get things done. Krispy Wafer fucked around with this message at 14:46 on Feb 7, 2017 |
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Feb 7, 2017 14:40
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double ohm seven posted:You leave your 5 month old at kindergarten? Is that a thing in the US? 5 month old is not in kindergarten. She goes to a full time daycare though so my wife and I can work. That particular place starts as young as 6 weeks and it takes kids up until they are 3 years old. My daughter started going there at 4 months. Very high caregiver to child ratio. Play based learning environment. My older daughter went there before her and despite the crazy high cost we felt it was a great value for what she got from it. While not directly your question. yes the US is hosed up in terms of childcare/school options and parental leave policies for new children.
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Feb 7, 2017 14:51
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double ohm seven posted:You leave your 5 month old at kindergarten? Is that a thing in the US? Daycare, not kindergarten.
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Feb 7, 2017 15:16
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Krispy Kareem posted:I mean, we work ourselves until we're sick and then we get fired and have no health insurance, but damnit Americans get things done. Ehh I don't know, all the germans i've ever worked with seemed to get things done much faster and better than we ever did yet somehow didn't work nearly as long hours. Also I had an Irish friend of mine ask me to look at his database program task because "you americans are great at quickly coming up with a solution that outwardly looks functional but is total crap on the inside" 
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Feb 7, 2017 15:18
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E: forgot to refresh
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Feb 7, 2017 15:19
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Krispy Kareem posted:You're not wrong. Being at work 40+ hours a week just about every week doesn't necessarily get more done than 30 hours a week with longer/more frequent time off. There's a lot of unnecessary bloat in most American office jobs and business processes, starting with the fact that everyone's always tired and burned out and so not working anywhere near peak level. I could probably do what I do with more rest and without needing to worry about errands I don't have time for outside of business hours in 20-25 hours a week (outside of certain crunch times). But you need to be there or you're not a Team Player, so... Nail Rat fucked around with this message at 15:23 on Feb 7, 2017 |
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Feb 7, 2017 15:21
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I used to work for a Dutch multinational company. Both the Dutch and the Germans think we are insane. Once when I was at a conference with some of my Euro co-workers, one of them said that difference between their attitude and Americans (from what they saw) was that "We work so we can live, you live so you can work"
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Feb 7, 2017 15:23
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ate all the Oreos posted:Ehh I don't know, all the germans i've ever worked with seemed to get things done much faster and better than we ever did yet somehow didn't work nearly as long hours. 'Work smarter, not harder' is a mantra that far too few companies believe in.
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Feb 7, 2017 15:50
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ate all the Oreos posted:Ehh I don't know, all the germans i've ever worked with seemed to get things done much faster and better than we ever did yet somehow didn't work nearly as long hours. Also I had an Irish friend of mine ask me to look at his database program task because "you americans are great at quickly coming up with a solution that outwardly looks functional but is total crap on the inside" That's because they just blitz through the work.
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Feb 7, 2017 15:50
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Nail Rat posted:Being at work 40+ hours a week just about every week doesn't necessarily get more done than 30 hours a week with longer/more frequent time off. There's a lot of unnecessary bloat in most American office jobs and business processes, starting with the fact that everyone's always tired and burned out and so not working anywhere near peak level. This. I could do my job in about 3 hours/day and that's being pretty generous I think. Krispy Kareem posted:That's because they just blitz through the work. 
Ghostnuke fucked around with this message at 16:17 on Feb 7, 2017 |
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Feb 7, 2017 16:13
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Ghostnuke posted:This. I could do my job in about 3 hours/day and that's being pretty generous I think. The worst part is I have to perpetuate the charade because my boss (quasi C-level in a midsize company) definitely believes in everyone putting in 40 hours of real work - aside from her, of course. So I have to be a bad cop for the people who report to me, just to keep up appearances because at the end of the day this is all just a dance to get more money to buy wonderhangers with. Sorry for the derail. BWM: working for a shady cash only operation that skims your tips. https://www.reddit.com/r/personalfinance/comments/5sgemc/employer_says_we_are_not_allowed_to_keep_tips_or/ posted:I work for a valet company in southeast Michigan. We are told that any tip handed to us by the customer needs to be handed into one of the current managers on duty. We do not pool the tips either, the company uses the tip money and money collected from the valet fee to pay its employees when their shift is over. (I have heard of valets getting fired for getting caught "keeping tips")
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Feb 7, 2017 16:24
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Making hundreds of thousands of dollars on a W2 sounds like a better option, maybe he should try to do that instead?
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Feb 7, 2017 17:27
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EAT FASTER!!!!!! posted:Making hundreds of thousands of dollars on a W2 sounds like a better option, maybe he should try to do that instead? I agree. Why doesn't everyone make $100,001 or more per year, I don't get it.
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Feb 7, 2017 17:30
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Nail Rat posted:Being at work 40+ hours a week just about every week doesn't necessarily get more done than 30 hours a week with longer/more frequent time off. There's a lot of unnecessary bloat in most American office jobs and business processes, starting with the fact that everyone's always tired and burned out and so not working anywhere near peak level. My company tried to do something like this, where you're expected to put in 6 hours a day of actual work (though be there 8 hours) and the other two hours are up to you, except that transformed into "the other two hours are for meetings" somewhere along the line
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Feb 7, 2017 17:36
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I won't derail or humblebrag or parental shame but... drat. I can't fathom leaving my kid at 4 months with someone else. I felt like poo poo when son #2 had to start kindergarten at 18 months instead of 28 months like son #1. Color me a pinko socialist, but I'm gladly paying the worlds highest taxes for not just me but all parents being able to stay home with their kids. It's good for society as a whole. Oh, and kindergarten is subsidized so 2 kids full time costs us ~250$ a month. Socialism, GWL and GWM in the long run.
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Feb 7, 2017 17:41
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Yeah, it sucks. My boys got to stay home with their mother for the first 6 months, then she went back to school 3 days a week, so they go to a babysitter. Starting at 2 they'll be in a Montessori school. The girls both were in daycare at 6 weeks old so we could both work. It's a poo poo system, but it will never change.
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Feb 7, 2017 17:52
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My old employer tried to start a new optional schedule for people where you come in 30 minutes early every day and stay 15 minutes late, but you can pick a Monday or a Friday every two weeks to get off. It was great because the boss didn't adhere to this schedule, so you could come in 15 minutes early and stay 5 minutes late and nobody was the wiser. We had to get rid of it because even though it was a great setup, the number of sick days on Mondays and Fridays went up about 400% and it caused problems.
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Feb 7, 2017 17:57
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double ohm seven posted:I won't derail or humblebrag or parental shame but... drat. I can't fathom leaving my kid at 4 months with someone else. I felt like poo poo when son #2 had to start kindergarten at 18 months instead of 28 months like son #1. America will probably never do this because the idea that other kinds of people will get a benefit from the government is apparently impossible to stomach for a huge percentage of the population. Based on what we are seeing in Europe now I don't think this is a uniquely American problem, it's like some genetic human clan/tribe programming. You say you pay the highest taxes in the world, so based on Google you live in Denmark - I just looked it up and Denmark is apparently 97% white. I wonder if Denmark suddenly because as racially diverse as the United States, a whole lot of people would start screaming about all those social programs.
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Feb 7, 2017 18:00
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Droo posted:America will probably never do this because the idea that other kinds of people will get a benefit from the government is apparently impossible to stomach for a huge percentage of the population. Based on what we are seeing in Europe now I don't think this is a uniquely American problem, it's like some genetic human clan/tribe programming. Denmark went from slightly less than 1% Arabic / Muslim to ~2% Arabic / Muslim in the last 10 years and now they have a Neo-Nazi party as one of their most popular political parties whose two major platforms are: 1) Kick out all the Muslims to keep our culture pure. 2) Stop any more Muslims from coming into the country to keep our welfare state strong and generous.
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Feb 7, 2017 18:03
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drat it Denmark stop ruining Denmark.
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Feb 7, 2017 18:06
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I'm pretty sure my employer just added $60/year in fees to my 401(k). I am waiting for confirmation from the benefits department, but we got an email about how they were lowering fees across the board, adding vanguard funds, but adding $15/quarter in flat fee. Well the only fees lowered were on a bunch of the junk actively managed funds where they went up a fund class (0.8% to 0.7% kinda stuff), the Vanguard target retirement funds replaced the Fidelity ones (0.75% -> 0.15%, a significant reduction I admit), but the Fidelity index funds (FUSVX for example) didn't change. I have now gotten 3 non- or wrong- answers to how this is not a 100% fee hike for me being invested exclusively in the index funds.
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Feb 7, 2017 18:07
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 One of my favorite Swiss hits. Note that this poster is from the most popular party in all of Switzerland. Tech companies started giving paternity leave a few years back, so if you have the skills to work at a company that produces no physical goods and can make money at incredible scale, then they'll be so profitable that they'll use some of their obscene profits for paternity leave!
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Feb 7, 2017 18:15
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H110Hawk posted:I'm pretty sure my employer just added $60/year in fees to my 401(k). I am waiting for confirmation from the benefits department, but we got an email about how they were lowering fees across the board, adding vanguard funds, but adding $15/quarter in flat fee. Well the only fees lowered were on a bunch of the junk actively managed funds where they went up a fund class (0.8% to 0.7% kinda stuff), the Vanguard target retirement funds replaced the Fidelity ones (0.75% -> 0.15%, a significant reduction I admit), but the Fidelity index funds (FUSVX for example) didn't change. I think that's pretty typical of 401k plans, and it's no surprise that more companies are adding flat fees. The fiduciary rule that was set to go into effect forced them to get money elsewhere. The 401(k) plan probably charges your company at least $60 per person per year to administer the plan (Fidelity quoted our small company $3000 + $100/person per year in administration fees for example).
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Feb 7, 2017 18:16
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Nail Rat posted:Being at work 40+ hours a week just about every week doesn't necessarily get more done than 30 hours a week with longer/more frequent time off. There's a lot of unnecessary bloat in most American office jobs and business processes, starting with the fact that everyone's always tired and burned out and so not working anywhere near peak level. Bingo. I worked retail pharmacy and we had blackout periods during the day where no one took breaks and during the year when no one took PTO unless they were ill. Apart from that I always took regular breaks, reminded co-workers to also step out and get some air, and took time off because working yourself to burnout doesn't make you a better worker. It was the same way when I started working for hospital clinics and had some really white knuckle co-workers. Taking breaks and leaving work at work at the end of the day doesn't mean you don't care about it, it's self care. If you really do live to work, then justify it as a means to get more work done for longer. That equation doesn't change whether you're making $15/hr or $35/hr, it's human psychology. The whole point of overtime costing an employer 150% normal wages is meant as a deterrent to employers because it's such a contributor to injury and illness for employees, and the work they get is garbage but they still don't understand because American employers are insane. They think if flogging doesn't work, they should just do it harder. Most people aren't very useful after 6 hours a day or 30 hours per week, and those same people are utterly worthless after 8 hours per day or 40 hours per week. The only reason we do it to healthcare workers is the patient handoff is even more dangerous for patients. Blame our Puritan ancestors I guess. And BTW if someone is a security risk for money laundering or fraud, I guarantee you don't need a wage garnishment to find that out. But whatever your name was up there, keep arguing that employers should just ignore federal employee protections. BonerGhost fucked around with this message at 18:25 on Feb 7, 2017 |
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Feb 7, 2017 18:21
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Droo posted:I think that's pretty typical of 401k plans, and it's no surprise that more companies are adding flat fees. The fiduciary rule that was set to go into effect forced them to get money elsewhere. The 401(k) plan probably charges your company at least $60 per person per year to administer the plan (Fidelity quoted our small company $3000 + $100/person per year in administration fees for example). Yup. It's the first increase in benefits cost I have had since starting 7 years ago, including the ACA. It's surprising, and I'm pissed it's being stated as a reduction in fees. Most people here won't have sufficient money in their 401(k) to benefit from this reduction unless they have rolled over money. We don't have access to institutional shares so there is basically no reason not to put your money into an IRA instead.
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Feb 7, 2017 18:27
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Leon Trotsky 2012 posted:Denmark went from slightly less than 1% Arabic / Muslim to ~2% Arabic / Muslim in the last 10 years and now they have a Neo-Nazi party as one of their most popular political parties whose two major platforms are: Droo posted:America will probably never do this because the idea that other kinds of people will get a benefit from the government is apparently impossible to stomach for a huge percentage of the population. Based on what we are seeing in Europe now I don't think this is a uniquely American problem, it's like some genetic human clan/tribe programming. Huh, Sweden actually. I think our numbers are a little higher, 12-15% non-European parents? We have "we're not nazis"-nazi party as second biggest party however, so it's downhill from here
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Feb 7, 2017 18:34
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Droo posted:I think that's pretty typical of 401k plans, and it's no surprise that more companies are adding flat fees. The fiduciary rule that was set to go into effect forced them to get money elsewhere. The 401(k) plan probably charges your company at least $60 per person per year to administer the plan (Fidelity quoted our small company $3000 + $100/person per year in administration fees for example). Sometimes people in Bogleheads ask "hey what is a good 401(k) provider because my current one is poo poo and I want cheap Vanguard funds", the most popular response is Employee Fiduciary which charges $1500/year, $30/year per employee above 30, plus 0.08% of the portfolio in fees. Yes they are basically the cheapest out there.
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Feb 7, 2017 22:04
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I don't know what my 403 (b) provider charges my employer (TIAA) but I know that I've got 0 annual fees and access to institutional funds at an ER of like 4 basis points.
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Feb 7, 2017 22:21
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monster on a stick posted:Sometimes people in Bogleheads ask "hey what is a good 401(k) provider because my current one is poo poo and I want cheap Vanguard funds", the most popular response is Employee Fiduciary which charges $1500/year, $30/year per employee above 30, plus 0.08% of the portfolio in fees. Yes they are basically the cheapest out there. Thanks for this, my company is considering a change (from a horribly expensive provider) but they're looking for something "with lots of educational resources, outreach, and full service to help us get our enrollment numbers up," which to me sounds like another horrible expensive provider. I'll see if I can't pitch this instead.
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Feb 7, 2017 22:28
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Grumpwagon posted:Thanks for this, my company is considering a change (from a horribly expensive provider) but they're looking for something "with lots of educational resources, outreach, and full service to help us get our enrollment numbers up," which to me sounds like another horrible expensive provider. I'll see if I can't pitch this instead. You're welcome, good luck. Maybe if your company is bigger they can look at Fidelity, they've managed my 401ks at various employers for a long time and I'm happy with them, good customer service too.
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Feb 7, 2017 22:33
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