So at my current job we have the option to sell back our vacation time from our vacation bank for 70% on the dollar. I can usually get a few hours of over time each week but recently we have been hiring more workers so it looks like the overtime is drying up. My question is , is it smart to sell back around 60-80 hours out of 270 and up my 401k contribute for the first check in January to make sure I’m ahead a bit on the 401k contributions in case I can’t as many OT hours next year that I was able to get this year. This OT always helps me max my 401k
Selling back vacation time.
byu/Lil_Bobby_hill infinancialindependence
Posted by Lil_Bobby_hill
3 Comments
do they let you cash out for full value when you leave?
Personally, I wouldn’t. 1 week of vacation is more valuable to me than 1 week of salary, let alone 70% of one week of salary.
Why give back 30%. Take the time and work Uber while you are off and you come out ahead. Also most times upon separation you can roll vacation time into your 401k without paying taxes on it. No way I would sell it at a discount.