Is it wise to take a RN job for $4. less with benifits 401?

Answer 1

First, can you afford the pay-cut?

Second, what is the 401K benefit? If they just offer a 401K, with no matching, then NO, that is worth nothing to you. If they do offer matching funds, how much? Does it cover what you are losing with the pay cut? If they don't offer much in the way of matching funds, you might be better off to just put a portion of your current salary into a 401K.

Third, will you make enough to put sufficient funds into the 401K to get the matching amount from your employer. For example, if your employer matches 50% up to $2000, will you be able to put $4000 into the 401K to get the $2000? If not, then you get no benefit from the 401K.

You will also need to consider if this job is more secure, if the job has opportunity for higher pay in the future, what other benefits they offer, etc. Selecting a job just on the basis of the 401K doesn't make sense.

Answer 2

I don't know if you are a new RN or what your experience is. However, consider other factors. 1. If you enjoy the work situation. 2. Are the benefits other than 401 equal? 3. Would the $4 less really put you in a financial hardship? 4. Could you live the the salary till you got a better offer.
If you are young/new RN, remember it is a "SAVINGS"Plan and that would benefit you in the long run.