MDI-MD employees, how are you funding your retirement?
Posted By: sm on 2007-12-04
In Reply to:
To those of you who are working for MDI-MD, have any of you found alternative ways of funding your retirement since the company doesn't offer this benefit?
Any and all positive input would be appreciated.
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Big business is not funding Ron Paul sm
All grassroots. The front runners who get all the media attention are getting all the big corporate bucks. The only big name I heard contributed to his campaign recently was Barry Manilow.
Retirement
I will retire in four years. I always advise people who ask me to look at other careers than MTing. Its golden era is long past. I really loathe those matchbook schools (you know, the ones with Sally Struthers in their advertising copy) telling people they can make 40K by taking their pathetic little course. If I had a dollar for everyone who has come to me crying about how they cannot get a job with their so-called diploma from some such school, I could retire right now very nicely. Meanwhile, I hope people will really weigh their options carefully before becoming an MT. It looks to me like MQ really messed up this field for so many in so many ways.
Retirement? What is that?
I start drawing my retirement this year- not quitting MTing- just want to have twice as much coming in per month as I am getting now. Cha-Ching.
Retirement
I believe that people who work hard all their life deserve to retire. They should not be forced into retirement with nothing to show for their hard work. We had dinner guests last night and the topic of conversation that someone brought up had to do with some complaining about older workers taking jobs away from younger workers. None of those in attendance are employed, all have a fairly comfortable retirement. My question was how many people of retirement age do you suppose actually want to work and how many HAVE to work to be sure they have food? Not everyone is physically able to work after reaching retirement age. It should be a choice. How many 70 year olds do you suppose actually want to work or would they rather pursue things they weren't able to do when they were younger and had the responsibility of a full-time job? I, for one, am thankful that I am still physically able to work full-time (if I chose to do so) and still pursue other things as I have done all my life. I've always had more than one basket, my favorite when I did MT and was also a livestock broker. Unfortunately, I am no longer physically strong enough to pursue the livestock brokering. I find that I am just as happy working for free for things I truly believe in. Some on this board say that I should go back to painting gourds (which I still do) but I also have a heart for my MT sisters and brothers who are hurting and if I can make even a little difference in their lives, I will do what I can.
Unless you are retirement age now, I doubt your
hee..hee
I don't see retirement in my future, unless it's the
:(
Me too. I have stopped even considering anywhere else. I am here until retirement.
And that is such a stress-free thing, never to have to retrain for a new company again!
fat cat may be close to retirement sm
but she still has some humanity about her! Probably why she still has a job so close to retirement.
Not all companies have the attitudes that you post. In this business, there is absolutely no call for that kind of attitude. The companies can cover their butts. Half of them don't have work anyway.
I have been through exactly what the poster posted and I told MQ to stick it after 23 years. Have not had a problem getting a job and have been upfront and honest about the situation I found myself in.
When an employer calls someone at hospice and starts ragging on them, knowing full well there is no work to do the 8 HOURS I WAS SCHEDULED PER WEEK, then its time to get out. I did and never looked back. Probably was the boost I needed to get out of that place.
I applaud the OP for doing what she did. Family comes before any doggone job. She won't have a problem geting UE either. She applied for FMLA, they denied her, what else can she do? FMLA is there for situations just like this.
I don't blame her for telling the higher-ups. I would have let them know too before I left that place and never looked back.
Wish I knew waht place it was!
Go back to retirement s/m
I'll ignore that juvenile comment.
I didn't SAY that anyone with a dictionary could do VR or anything else ACCURATELY. I have, however, SEEN companies who used non-MTs to do Q.A. Are you absolutely certain YOU aren't being Q.A.-d by such a person? Furthermore, with companies ever looking for ways to cut MT pay, they might just do that doncha think? I'm sorry to enlighten you to the fact that MT isn't nearly the big deal some of you try to make it. Most of us old-timers received OTJ training in a HOSPITAL which gave us an education you'll never dream of getting in any of the MT schools.
IMHO you need a few more years experience as an MT and maybe, just maybe you could learn something from us old grandmas if you weren't so wet behind the ears that your hearing is impaired.
Retirement and taxes
Here's the scoop on SS and taxes. They do not penalize you once you reach full retirement age, HOWEVER, if you continue to work they will continue to deduct SS from your paycheck and at the end of the year if you make over a certain amount, you also pay taxes on your SS benefits up to 85% of what you receive from SS..
Contrary to what chatty says, they do not want you to take early retirement. They encourage you to wait until full retirement age. That way you might die and they never have to pay a penny. The death benefit to your beneficiary is a whopping $225. If you do the math, you are much better off taking retirement at the earliest possible moment.
QUESTION RE. RETIREMENT - sm
I know about this 1-dollar-for-2 for taking early retirement - but I was wondering: Do they take 50% of your Social Security benefits or 50% of your paycheck? If they take half your paycheck, you're essentially working for nothing. If you're working for low wages, it won't pay to go to work. If you have a fairly decent salary between ages 62-66, then it's a TOTAL ------g ripoff! Just wondering.
I have 7 yrs until retirement and I doubt is any MT work SM
will be done in US. I am thinking of other jobs. Instead of some work going to India, or perhaps some other country, most of the work will be done offshore and we in the US will be left little. I'm not hysterical over this, I just consider it a fact of life.
I am past retirement and do not care anything
about leaving. I want to have my pay from my job and also draw from my social security. Those are my plans and working independent, still travel and do what I want to do and have the money to accomplish.
You're past retirement age
and you only have 36 years? One can say anything they want annonymously but I do believe a person who is past retirement age would have better sense than to tell a fellow MT to go back to retirement. LOL
The only people that are going to make it with VR or ASR are MTs that are nearing retirement and
dont mind the lower wages and who probably already have problems with muscles and tendons from years of MTing or others who as people said are slower transcribers or part time people just supplementing their income who just want to plug along and make a few bucks. Anyone who is self supporting and needs a good income will not make it on those rates without killing themselves and if one company gets away with it they all will because I am sure MQ is next when they come out with their new pay plan and ASR rates and then they will all follow suit. Why send this work overseas and then have to edit it again so I guess they just hope they have everyone behind the 8 ball.
Only about 8 more years till retirement, but I AM going to take the test. (sm)
Have never felt the urge to do so in the past, but the company I am working for now reimburses the testing fees and you get a small raise because you are a CMT. It all adds up to being beneficial for me money-wise, so.... I chose to do it for that reason and that reason alone.
Nope, hope to supplement my retirement years.
x
retiring from Spheris? Gonna get retirement pay from them or Social Security? nm
.
since I didn't pay into social security as an IC, I started a retirement plan to cover me.
x
Oh for sure employees, but not too often for statutory employees. Sorry for confusion.
x
Attn: Any Transcend employees or former employees
I have been offered a job with Transcend, but I am not completely sure about it yet and I need some input from you guys. I have read positives and negatives regarding this company but alot of it was pretty old information. Can anyone give me some recent feedback on them? Thanks very much!!!
They have IC and employees, employees get benefits.
Good company. I am very happy there.
Does anyone like it at Precyse? New employees? old employees? nm
nm
which employees are getting this and how much.
I havent heard a work about any incentives.
MQ employees
Quoted: Remember employee = real benefits, not this 3 days a year PTO and insurance that is laughable. Also you must provide the equipment, the internet, and pay for downtime such as weather. A supervisor to authorize your stupid OT
PTO can be up to 18 days per year. As a FTE, I was given a week of vacation PTO and holidays. The insurance is not laughable. Compared to many companies out there, it falls right in the middle somewhere. Who pays you because it snows? (or rains, etc)? I know in our region, many MTs were affected by the hurricanes and received some compensation. And where have you worked that you do not have to have OT APPROVED??
I still think so many of you are so accustomed to be picky that the reality of "real job" is going to scare you off.
Certain new employees get PTO right away but other new
employees have to wait a YEAR? Isn't that a little unfair and discriminatory???
And since when is $12-15 an hour considered GOOD in this profession?
Is this thread real? April Fool's Day isn't for another 4-1/2 months! 
How to keep employees
Every single MT company is full of BS these days. They turn our homes into sweat shops, they cut our pay. They have no consideration for our feelings. MTs are job hopping just looking for a decent deal.
Wouldn't it be wonderful if there was a company with high standards. A company who gave so much in the way of decent treatment, time off, flexibility, civilized treatment, appreciation and good pay, and I mean very good pay. Can you imagine what it would be like to have every MT in this godforsaken lousy business clamoring for a job with your company? All you have to do is be FAIR, pay decent WAGES, treat people like HUMANS instead of machines. You would never be posting a help wanted ad.
Man, I wish I could do it myself. I would have the best, brightest MTs out there becasue I would attract and draw them to my wonderful company instead of nickle and diming them to DEATH.
Why don't you want to know what former employees have to say about OSI?
I think they would serve you better on what you want to know. I worked for them for four years. The first couple of years were okay, not many problems to speak of, then it all went down hill from there. The higher-ups started to get nasty to the transcriptionists, they starting changing accounts around, loosing accounts....it really got bad. I think they have a revolving door on their main office, so many people come and go. I would do my research before I jumped the gun with OSI.
no those employees are all over here
throwing muck and personal attacks all over the place, especially at the company (ies) they left. I also know the company monitors the board which resulted in the formulation of the language of not allowing the company named to be posted.
As for not wanting a good thing to leak out, I've always been a cheerleader and am of the opinion that if I can help my employer grow by being a good employee and bringing other good employess to them, then that adds to my job security and a recognition by the company of my being loyal to them.
Maybe that's the part that has so baffled.
It is so new that most of us employees do not know anything about it yet. nm
nm
MDI-MD....I think all their employees are SE (sm)
I got hired for Radiology not acute care...
I only mentioned that again because there were some posters last week who were running out of work at MDI-MD and were afraid they overhired but I think those were acute care MTs...
An OM did this to both employees and ICs
at a company where I worked for 4-1/2 years from home, then about 10 months in the office. I ended up leaving the company because of what I saw happening within the office. The owner was a great person, but left much of the day-to-day operations to the office manager. If someone called in and needed extra cash because they wanted to put a child in a private school, she would take work from someone else and give it to the needy person...now keep in mind that the person needing the extra cash didn't actually HAVE to work because of the husband's income and the person whose work was taken away was single and had no other source of income.
This is just one example, but it happened like this A-L-L the time I was in the office. I lost total respect for the OM and then for the owner for knowing it was happening and allowed it to continue. 
They can't keep employees...
They are rude to their employees and they go in and change your time-sheet hours if you are getting paid by the hour and cut your actual work hours in half. That was my experience with them.
They must REALLY need employees
Between yesterday and today I've had 3 phone calls and several emails, after I said no. I told the guy I'm not interested in a company that has QA in India, especially since they would be deciding whether my work was correct or not.
5 employees?
I do two of mine accounts, and I certainly do not require employees? No wonder you weren't making any money. You have to actually do the work yourself not hire people to do it. My goodness.
employees, I mean
nm
US employees
They said they employ approximately 30 MTs in the US.
Can anyone tell me how many employees
before I make a decision. Thank you.
Any MDI-IT employees out there? sm
How long have you worked at MD-IT? Do you run out of work?
They don't have employees there??
nm
How many employees do they have?
xx
they have about 52 employees
/
It is more than 52 employees
Axolotl is more than just a transcription company. They also have an EMR system, which is very successful as well. I know we have at least 50+ MTs, plus the EMR side at Corporate.
How many employees do they have in
nm
New KS employees...VPN/HBO
 Has anyone figured out how to get on the internet while on VPN/HBO Star yet? I hate this ugh
Hey, I am looking for old employees...
I am looking for some folks that used to work for MTA in Atlanta before they sold to Transcend. Post a message or privately email me, please...
Just looking to talk to some old acquaintances!
old MTA employees?
Hey - could anybody tell me the name of the company in Georgia that belongs to the same person that used to own MTA years ago? I had talked to somebody before about this company, but just cannot remember the name. I would greatly appreciate any information.
why employees?
True, ICs saves companies money by not paying employer taxes, but they may HAVE to hire employees because they may want you to work a certain way, certain hours, using certain equipment, etc. which falls under the IRS classification of an employee. Many companies try to do this but don't want to hire you as an employee, which saves them money but allows them to have alot of control over your work. Check out the IRS website of classifying employees versus independent contractors for more info.
Wow. Then almost ALL MT ICs are really employees ...
I'd never read that whole thing before. I'd always known that them dictating hours and schedules made it an employee/employer relationship.
However, I was not aware of the first paragraph in particular.
Any company who dictates that you must use their software, or must follow client templates ... aren't they directing HOW you should do your work?
Crimeny.
I'll add my hat to the ring of people who just sit around saying something should be done about this.
Yes, many of them really should be employees.
If you are one of them, I would be careful. I read in an article recently that if a company gets reported and investigated and then it is found that their workers should be classified as employees, the IRS can then audit the employees prior taxes and make sure they were filing correctly. If they are indeed classified as employees yet were filing as self-employed and taking deductions, there could be consequences. So I would be nervous to work for such a company.
MD-IT - Why not PT employees?
Does anyone know why MD-IT will not even look at PT employees? I think they deserve a chanc to be looked at too. I applied for them and I got a reply back that they only want FT at this time. It is frustrating, as I need only a PT job right now with 2 small children at home.
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