Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help Medquist New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Health Issues
ADVERTISEMENT




Serving Over 20,000 US Medical Transcriptionists

plus my company was kind enough to put $4K in my 401k every year...*smiles*

Posted By: Owner on 2006-05-19
In Reply to: YES! I get a salary of 20K and then business makes 50K...nm - Owner

x


Complete Discussion Below: marks the location of current message within thread

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu


Other related messages found in our database

also 401K, % of company contribution, etc...nm
x
RE: POLL: What kind of car do U have and year?
1999 Chevy Tahoe 4WD
POLL: What kind of car do U have and year?

I don't have a car right now, dag nabbit!


I have the 2007 Saunders CD and I think it's kind of slow. Hoping the QL is better this year tha
nm
what kind of company and where do you work
dh
what company and what kind of foot pedal sm
did you order that will work with Emdad? Information would be soooo much appreciated. Thanks.
What, if anything, did you get THIS year from your company
for Christmas? 
I asked after a year with the company (sm)
Probably wouldn't ask if I was new though.
Company suggestions for 1 year experience
Does anyone have any suggestions for companies (nice companies) that will except 1 year exp., just got burnt real bad by SS
I was on ERs for about a year at a company, who later changed management, and
then I lost everything, got bumped from ERs, got thrown into multiple accounts. I went from 200-300 lines/hour, to not even able to make 1000 lines/day.

I left that company, and now have the same situation. The lines are better, though, I am back up to where I want to be, but as soon as I start getting good lines for the first week of two-week period, my primary goes dry and I lose lines in the second week. I CAN NOT win.

Right now I am a little upset because I am working on 6 accounts, and truthfully am starting to confuse them.

It burns me, too, because I am trying to hard, yet my quality is suffering.

Then I get notes like 'read the specs' - like, yeah I did, but for the wrong account.

Anyone else get upset with that? I jump between 6 different accounts all day long. This cannot be good for the company, either, because you have to make mistakes.

I had to vent a little bit.
I've been seriously thinking about it. I actually like my company this year.
However, I have no money because work is slow and my kids and bills come first. I've been thinking about baking cookies and candies to mail. The people I would like to give the gift to work at home anyway, so sending it to corporate HQ wouldn't accomplish gifting those I want to thank. I can't afford to send individual gifts to each of them. Plus, a little part of me considers buying things for your supervisor to be brown-nosing.
Last year I worked per dium for a company- sm
just doing discharge summaries. The hospital docs were super backed up, took about 5 weeks to get them all done with 2 of us working on them on a PT basis. I loved it as it was a good rate and not difficult work. Use a C-phone though which I really do not like using. Another IC job I had, you could tell when the doc was about to lose privileges as all of a sudden about 50 discharge summaries, H&Ps, etc would appear. We worked in a pool so it all got done in TAT for the most part. Where I am now, they know if they have 4 or 5 docs dump 100-200 mins each on us all at the same time that it will not be done in TAT. What they need right away they mark as STAT and the rest gets done by the oldest first.
Glad to see MT Week recognized here. My company did nothing this year. We have always sm
received a nice gift in the mail in the past.  I'm not saying I expect an expensive gift or anything, but a thank you of some sort would have been nice.  I waited to post this, holding hope that maybe they were late like last year in sending stuff out, but I have pretty much given up now.  Thanks MT Stars!!
What about benefits? I make 50k a year working for a company
out of my home full time. No gas money, no traveling, no printing, faxing, and I get full benefits. How is making 50000 as an MTSO good money? I really just don't get it!
401K
The answer will depend upon your age and your tolerance of risk. The younger you are, the more aggressive you can be with your fund because time is on your side with markets correcting over time. On the other hand, the older you are, the more conservative you need to be because your time frame to recover from bad markets won't be as long. Only you can determine your tolerance for risk and that depends upon your complete financial picture. HTH.
401K

I have had a Vanguard fund for 15 years. They took care of any changes as I aged;i.e., I'm in the age bracket where I now have 2 growth funds (safe), one aggressive fund, and a another fund which I don't remember what type it is. But when I opened this account with a rollover, I tried to choose a mix of everything, utilities (oil,water, gas, phone, and electric companies), merchandising (Wal-Mart, etc.), franchise restaurants (McDonald's, etc.), health care (drug companies, nursing homes, etc.).


I was a bit mad when they switched my utility account to a "safe" fund. Think how much money I could have now. LOL


Just read your prospectus carefully AND the amount of yearly costs and expenses. That could make a huge difference in your overall "profit".


 


Ind 401K for self employed

There is a new type of retirement fund for self employed business people where you can put money in as both an employee ($15,000) and as a percentage of your profits as the business owner.  It is called an Ind 401K.  Here is a link...


http://www.troweprice.com/common/index3/0,3011,lnp%253D10264%2526cg%253D960%2526pgid%253D10057,00.html?scn=Low-cost_plans_with_&rfpgid=7622


I wanted to go with T. Rowe Price but they do not allow loans, so i decided to go with Oppenheimer.


I think it's different from 401K matching
but I would think the distribution of it might be different from company to company. I think some companies have profit sharing in the form of stocks and such. Others give bonus checks based on percentage of profit either yearly or quarterly.

Disclaimer: I'm no financial wizard, though. Sorry!
Sure you can. I currently have 2 401K, a Roth
IRA and a traditional IRA.  I will probably roll one of the 401K over into an IRA. 
E-MTS has 401K plus match and benefits. Try them.
x
Each 401K is a separate entity. You can have...sm
as many as you want. Sure helps with the taxes!
I have what is perhaps a dumb question about 401k plans. Can you have 2? sm

I am starting a part-time job in addition to my full-time job, and they both have 401k plans with matching, so if I could have both, I could get a little extra on both sides.  Somehow, though, I am thinking that probably is not allowed. 


Thanks for your input.


MedQuist pays PTO and offers 401K to part-timers.
You have to work 16 hours a week minimum.


Only if they're paying 20+ per/hr with cheap benefits, 401K, and generous vacation time.
s
Mine are in year-round thank goodness! They've started their new year 2 months ago.
x
Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc.  Factor all of that in and he makes way more than I do.
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
44-year-old WF, M, Texas, 3 grown kids, just had 26 year wedding anv.
nm
nope, still crunching last few days of year to hit my 50k this year. how can you when you haven'
;
Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
d
After I went to a 1-year MT course at a vocational school, it was so bad that I did the 2-year colle
Not only did I finally receive the proper training, but the woman on the advisory board hired and mentored me. I also joined the local AAMT and networked. Good luck. I know how frustrating it can be. A community college will have a good program to include medical language, MT courses taught by local MTSOs, business English, anatomy and physiology, pathophysiology, etc.
I think he makes $700,000.00 a year, and if they ask him to walk before his first year MQ has...sm

to pay him a cool 1 million dollars.  You can check this out at the Medquist website.   I think the CFO makes $350,000 a year, and the head of IT makes $250.000 a year.


P.S.  This does not include the perks, like expense account, car allowance, sign-on bonus, etc. 


Our 16 year old son has been working for a year now to pay for his truck.
He's learning how to sand and do body work and how the engine and transmission go together. My parents didn't buy cars for my siblings and I either. I had a 20+ year old beater car until I could afford to move up to a a newer one.

I see all the nice new cars parked in the high school parking lot every day. It's nice that so many disrespectful punk kids get handed something nicer to drive than what all the teachers drive. Oh, well. Honestly, I think most of them borrow Mommy or Daddy's car or are the child of a doctor who can afford to hand them everything.

Hopefully, my kids will take better care of their cars because they bought and built them on their own. You're not going to grow up to be responsible if you don't work hard for something and expect Mommy and Daddy to bail you out all the time.

Oh, my Dad lectured us on even allowing our child to have a vehicle because Dad didn't have one until after he had worked his way through college, lettered on the football team, got straight As, lettered on the baseball team, yadda yadda. He either walked or hitched a ride. Yeah, well, times were different back then, Daddy-O. LOL At least my kid has the opportunity to work and earn his own car.
IC - 30 hours week, $98K last year. So far this year - 28K. sm
Individual IC - own account(s).
Not me, owed last year, and expect to owe this year- sm
or break even, had more expenses this year. Only owed $200 but still don't want to owe at all. Need to start doing estimated tax payments again so I don't owe! Guess I will get off my butt and do that this year.
come on.. you cannot compare a 2-year-old and a 15-year-old
x
46/F I have a 9-year-old girl and a 12-year-old boy.
.
Got $$$$ back last year but this year
I have to pay them, sold a property I never lived in but I had enough sense to set aside $45,000 so just waiting on them to send me my WT2s so I can get started.
What Company is This? I have been hired by a company that is sending a foot pedal.. Don't want t
.
The company cutting cpl, the company stopping paying for headers
:{
Good of the company? As IC, I am my own company. Not my problem if she has problems as long as I do
:P
Accepted a job with a new company, gave two weeks notice to my old company..

Old company, let me go before two weeks was up.  New company, said they were having trouble getting me set up and my equipment ready, but they would pay me while I waited.  It's been a month, still no check from new company even though I was told it was "in the mail."  I have no income and am at a loss. 


I have a signed offer letter from the new company, contracts, etc.  I applied for unemployment, but old company is saying I quit and technically I am currently employed with the new company!  New company is not returning calls or answering email.


What should I do!?!?!?!


I started sending my resume out today, but the process of getting a new job will take at least two weeks and I need money now to catch up on what I'm behind!


You don't want to work for this company. Call your current company and
tell them that you have decided against the new position and tell them that you would like to stay. It is cheaper for them to let you stay than to train someone new. A company who could be so tacky as the one you just spoke of is one you do not want to work for. You can rescind your resignation. If you are a good MT, they will be glad you did.
With my company, ICs use their own emails, employees have company email.
x
COMPANY INQUIRIES belong on Company board, please!
Goldbird
....3 months later my old company rehired me; can you return to your 1st company?
nm
Local radiology company, not transcription company
who has only 5 transcriptionists and are not hiring at this moment. We all work at home and get great benefits, no insurance out of pocket and 22 days paid vacation in the first year, after that it goes up. I feel very fortunate to have found them, but again I chose them because they did not do production, so now that they are, I'm a little disappointed.
I think it varies greatly from company to company...sm
I was hired five months ago by a national straight out of school at 8 cpl. I think it just depends on your knowledge level and ability, and of course, what the company is willing to pay.
i think it varies from company to company and/or location

VR company? Not when the MT company owns its own VR equipment. n/m.
xx
kind of
I feel your pain. I had been providing excellent service, never increased rates, always met TAT (usually supposed to be 48 hr, but most times office mgr would call and needed it in 24 -- a huge amount of dictation). As you did, I always put them first, above everything else. Well, the office manager decided to start transcribing it herself, and she did not even tell me that she was going to do it. I waited a little while (longer than I should have) hoping she was just trying to pay for Christmas (she had actually done that before) and I finally had to do something else. The something else did not work out either, and I am lucky to have what little work I do have right now. Meanwhile, she now has two full-time paychecks (yes, this was a full-time paycheck for me). It is a good thing that although I was making full-time money on their account (working 2 days per week) I never let go of my other work, but I still may wind up in the big "B" court as my options now are few, and I stupidly took care of things I needed to with credit cards while waiting for her to return the work to me. I also knew that she was going to call me spur of the moment wanting me to do the work when she was ready for a break/vacation, which she did, but I was unavailable to her as I had picked up the something else by then. I just wish that I had never heard of being an MT. As much as I love the work, the business is awful.