Google | Sign-on bonus | Ways to invest it directly thru google

Dell
LUHV04

Go to company page Dell

LUHV04
Apr 30, 2020 13 Comments

Hello Googlers,

Context:
I will be joining Google in May.
I will be given a small amount of sign-on bonus.

Request:
Can Sign-on bonus be only taken in the form of cash payment

OR

Are there other ways to invest the sign-on bonus thru google and save some of the taxes?

Thank you.
Noogler.

#signon #google

comments

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TOP 13 Comments
  • Google
    puff puff

    Go to company page Google

    puff puff
    Take the money and buy your self something nice you cleared google congrats! Now go spend it, help the economy and stop being such a penny pincher, enjoy yourself a little!
    Apr 30, 2020 2
  • Google
    Wireshark

    Go to company page Google

    Wireshark
    Save tax - no.
    Better way - you can ask Google to divert this to your after tax Roth 401k . That way you can put more than the 19k employee and 9.5 k employer match in your 401k. But not sure if you can do this with sign on.. definitely possible with year end bonus
    Apr 30, 2020 6
    • Google
      Wireshark

      Go to company page Google

      Wireshark
      1. stop hiding behind false ethics. These are not loopholes. These are smart application of the word of law. Don't call your inability and unwillingness to understand the technicalities of law as a loophole that others exploit.
      2. There are no short cuts. You can't afford to skim through these. Pay them attention, and do your own research and data modeling on excel.
      For start.. you earn more than 200k a year. You should not be thinking about miniscule 500$ copay.
      Put aside gHip out of pocket maximum for you and family (~5k) in emergency medical fund. Then max out 7k in HSA. (HSA and FSA are different, you don't lose HSA at end of year. Do your research. It pays). And model 6% tax free interest and tax free withdrawal on that 7k per year addition over next 30 years.
      If you fall sick, you don't withdraw from HSA. You can afford to pay the out of pocket maximum out of your pocket if you don't do stupid things.
      Apr 30, 2020
    • Airbnb
      nXqg55

      Go to company page Airbnb

      nXqg55
      @cordova
      FSA typically need to be consumed by end of year. Typically HSA rolls over to the next year.
      Apr 30, 2020
  • Google
    austin1983

    Go to company page Google

    austin1983
    Stuff it in 401k and HSA plan pre-tax
    Apr 30, 2020 2
    • Google
      Wireshark

      Go to company page Google

      Wireshark
      This is something that should do regularly every year and should come out of your base. Not RSU and not from bonuses. Definitely not from one time sign on bonus. That should be treated separately.
      You can't stuff sign on bonus in 401k / IRA / HSA and claim you saved taxes. Well then you lost possible tax savings on your base.
      Apr 30, 2020
    • Google
      SdrPikachu

      Go to company page Google

      SdrPikachu
      Wut. There's no difference between depositing your sign on bonus into your 401(k) vs base salary. Tax savings are the same.
      Apr 30, 2020