So Money with Farnoosh Torabi

1860: Ask Farnoosh: How to Ask for a Sign-On Bonus, Save on Home Insurance and Summer Travel

Aug 1, 2025
Dive into useful financial insights, from asking for that coveted sign-on bonus to navigating skyrocketing home insurance rates. Discover how 401(k) contributions can indeed help with Roth IRA eligibility. Get tips on saving big for last-minute summer travels. Hear a personal success story about raising speaking fees through self-advocacy. Plus, unpack significant economic headlines, including what recent Fed decisions mean for your wallet and the potential impact of a bipartisan housing bill. Smart money talk awaits!
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ADVICE

How to Ask for Sign-On Bonus

  • Ask for a sign-on bonus straightforwardly to offset the bonus you're leaving behind.
  • Avoid sharing your new salary increase; focus on transition costs only.
INSIGHT

401(k) Reduces Roth IRA Income Limits

  • Pre-tax 401(k) contributions do reduce your modified adjusted gross income for Roth IRA eligibility.
  • Consider also HSAs and flexible spending accounts to help qualify for Roth IRA contributions.
ADVICE

Save on Last-Minute Travel

  • Use luxury travel advisors for last-minute summer trips to access upgrades and credits.
  • Book direct with hotels and airlines to avoid poor service and get better deals.
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