Landed New Job

Why Care?

Starting a new job is one of the highest-leverage financial moments in your life — benefit elections and retirement contribution rates set your trajectory for years.

Employer benefits represent significant compensation — often $10,000–$30,000+ in annual value beyond your salary. Understanding and maximizing them is part of getting your full pay.

This is the moment to reset your retirement savings rate. Deliberately decide what percentage of your new salary you'll save — ideally 15–20% or higher.

Healthcare elections, HSA eligibility, life insurance, and disability insurance decisions made during open enrollment have major financial implications.

If you're leaving a job at the same time, your old 401(k) needs an immediate decision. Rolling it into your new employer's plan or an IRA preserves the balance.

Enroll in the 401(k) on day one and contribute at least enough to capture the full employer match. This is free compensation — don't leave it on the table.
Elect the right health insurance plan. Compare the premium difference between plans against the difference in deductibles and out-of-pocket maximums, weighted by your expected healthcare usage.
Open an HSA if you enroll in a High-Deductible Health Plan. The HSA triple-tax advantage is one of the most valuable benefits available.
Enroll in disability insurance through your employer. Group disability coverage is typically cheaper than individual policies.
Roll over your old 401(k) promptly. A direct rollover into your new employer's plan or an IRA maintains the tax-advantaged status and simplifies your retirement account management.
Adjust your tax withholding. A new salary may change your tax situation. Update your W-4 to avoid a large underpayment or overpayment at year-end.