You really need to look at the numbers closely to see if pension is better than 401a at UC. I often find thatYou are right they do offer the option of a 401a- but I psychologically feel that’s the inferior option. I’m in my late 30s and don’t want to miss out on the pension benefit..though there is a chance I hate the job and have to move in which case I lose money.I think UC has a 401a option with the IRS 69k limit as well.
Thinking back, I think the salaries you mentioned are irrelevant if you are going to production in year 2 or 3. You should be comparing total compensation based on productivity at different levels of wRVU. Often the wRVU based total comp is not linear, so you should have an idea about how much wRVU you want to (and can!) generate and use that to compute total comp. Make sure you get a full picture of $ per wRVU at different levels of wRVU from your employer. Also negotiate. Negotiate. Negotiate. Don't be like every other doctors I know who are too timid to negotiate.
Thanks for the advice on negotiation. I’m being told that the $/ wrvu changes annually based on market survey so I’m not sure how much I can negotiate that. Of course I’m asking for more time off / sign on but I feel like they just say this is thr policy for the whole medical group we can’t change it for you…
1/ pension is a better for low income individuals, not high income.
2/ pension is a better for people who are older when they join
3/ pension dies with you but wealth can be passed on to generations
You can use Excel FV function to estimate the future value of your portfolio had you chose a 401a.
Good luck!
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Statistics: Posted by Workqa — Tue Apr 16, 2024 5:00 am — Replies 18 — Views 2083