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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 10, 2006
Page
16
A practical guide to changing jobs weighs benefits and hidden costs. Ben Colvin of MetLife warns that leaving benefits behind can offset new salaries. Scott Lea, a 25 year old from Irving, Texas, heads for a new opportunity, prioritizing financial security.
A veteran employee advises staying professional and avoid direct sparring with Ted. Strengthen your relationship with the CEO, address inaccurate information by framing it as solving business problems, and avoid tattling. Maintain neutrality, prove value, and manage the CEO’s view while Ted’s influence fades.
Jeff Brown notes early data show limited adoption of Roth 401(k)s across firms and employees with about 8 percent of workers enrolled in those plans and roughly 25 percent of first time 401(k) enrollees choosing Roth. Traditional 401(k) offers upfront tax deduction while Roth withdrawals are tax free. Comparisons emphasize current tax rates and future brackets. Roths may be temporary, expiring after 2010 unless extended.
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