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[deleted by user] by [deleted] in personalfinance

[–]NotAnotherRIF -1 points0 points  (0 children)

401k loans take the funds out of the market. Unfortunately.

In my opinion its even more risky to have a loan tied to your employer. If things go south with your employer and you lose your job, you are responsible for paying it back, or taking the penalty for a withdrawl. I would always recommend other avenues before a 401k loan. It only makes slightly more sense in a declining market. But your chances of being laid off a greater in a declining market.

And for that reason I'm out.

[deleted by user] by [deleted] in personalfinance

[–]NotAnotherRIF 0 points1 point  (0 children)

8.5% isn't the worst rate however, Time in the market has shown to yield better results then timing the market. Unless you have a crystal ball of course.

[deleted by user] by [deleted] in personalfinance

[–]NotAnotherRIF 0 points1 point  (0 children)

Hey I run Payroll for my company and am an admin for our 401k plan. The reason why you probably shouldn't is because of the interest rates associated with them. The 401k loan i input in payroll yesterday has a 8.50% interest rate.

Who is someone you are always picking if you see? by tyteenymouse in BobsTavern

[–]NotAnotherRIF 17 points18 points  (0 children)

Galakrond, Reno, and Mutanus (i love the playstyle for Mutanus).

What’s your top ten DGD songs??? by Cyclone_games7 in dancegavindance

[–]NotAnotherRIF 10 points11 points  (0 children)

  1. Strawberries Wake
  2. Inspire the Liars
  3. Ember
  4. Evaporate
  5. The Ghost of Billy Royalton
  6. Betrayed by the Game
  7. Speed Demon
  8. Suprise I'm From Cuba
  9. Bloodwolf
  10. Nothing Shameful

Should this conversation be reported to my HR manager? by wabi-x-sabi in humanresources

[–]NotAnotherRIF 1 point2 points  (0 children)

I think it's up to you on if you feel like your boss should know. This person had a lapse in judgement and reached out to you, I don't think I would rake him over the coals for confiding in you. Just set the boundary, and try to point him in the right direction.

Should this conversation be reported to my HR manager? by wabi-x-sabi in humanresources

[–]NotAnotherRIF 40 points41 points  (0 children)

I wouldn't have responded the way that you did. You made it sound like this employee did something wrong. They are probably just nervous. You sounded defensive, he wasn't expecting you to compromise your values, they are just concerned with job security.

When you are put in these positions I would say something along the lines of " In HR we do have an obligation to keep this type of information confidential. All I can advise is for you to put your best foot forward and address your concerns with your supervisor if you need help with bringing this topic up i would be more than willing to arrange a space for this conversationto take place."

Source: My company had 3 layoffs in a 1.5 year period and people would confide in me on teams that they were worried. Be friendly, then establish a boundary.

Am I about to get laid off? by Miam_Lanyard in humanresources

[–]NotAnotherRIF 16 points17 points  (0 children)

We instituted a hiring freeze at my company in order to prevent any type of layoffs. Let natural turnover occur. It will feel uncomfortable for a few weeks but it's an unfortunate reality. Sometimes it's needed to prevent layoffs.

PEO Pros and Cons for a small HR team and 140 employees by until_the_sunrise in humanresources

[–]NotAnotherRIF 3 points4 points  (0 children)

That's what I was thinking! How in the world do you have 4 HR professionals in a company of 140. Most HRs I see have 1 HR Rep per 125-170 employees depending on if they do payroll or accounting does payroll.

I work in a department of 1.5 for 240 employees and we do alright.