How much $$$ do you really make?

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:emaN resU

Member
Nov 25, 2010
48
8
71
55-60% of my gross pay is deposited in my bank accounts. I max all retirement and FSA options.

I think I "pay myself" 15-20% of my gross salary in retirement, vacation, etc.
 

urvile

Golden Member
Aug 3, 2017
1,575
474
96
I get newstart allowance (the dole) it's ~350$ a fortnight and paying tax isn't mandatory.
 

dud

Diamond Member
Feb 18, 2001
7,635
73
91
I was looking for a ratio between 0 and 1 that represented how much of a dollar earned you actually get to spend.
 
Last edited:
Dec 10, 2005
24,376
7,266
136
Around 55%, but I'm also dumping a fair amount into my 401k and my pretax deductions also includes my commuter rail monthly ticket.
 

Chess

Golden Member
Mar 5, 2001
1,452
7
81
My take home, as in what is deposited into my bank account, is just under $8k/month. I think I put in like 12% into my 401k too and my company puts in another 8%. I also contribute to my HSA. My company covers insurance for me and my family 100% although we're on a high deductible plan. Adding in my wife's take home we're up over $10k/month.

you have to make that kind of money to live in the DMV
 

clamum

Lifer
Feb 13, 2003
26,255
403
126
I just checked, my net pay period pay (bi-weekly) divided by my gross pay is 0.71.

I'm contributing 6% to my 401(k), I think, cause the company matches up to that (although it's 50%, but still). I think I want to contribute more but actually I'd rather make an appointment with a financial advisor and say "whattup dawg how am I doing here I'm fairly fail at finance stuff."
 

purbeast0

No Lifer
Sep 13, 2001
52,927
5,797
126
you have to make that kind of money to live in the DMV
Yeah we could (and have been when my wife took off for few months after our child was born) okay with less income. Our mortgage is around $2300 and we don't really have any other debt outside of that, other than what we pay into our cell phone bills lol. The plan when we have our second kid is to have my wife stay home full time. It's going to be "tight" in the sense it's going to be different, so no more 4-5 vacations a year most likely, at least not the way we like to take them, but we'll be just fine.
 

rh71

No Lifer
Aug 28, 2001
52,856
1,048
126
Wait till you guys figure out how much it costs you to live in your house per day.
 

Chess

Golden Member
Mar 5, 2001
1,452
7
81
Yeah we could (and have been when my wife took off for few months after our child was born) okay with less income. Our mortgage is around $2300 and we don't really have any other debt outside of that, other than what we pay into our cell phone bills lol. The plan when we have our second kid is to have my wife stay home full time. It's going to be "tight" in the sense it's going to be different, so no more 4-5 vacations a year most likely, at least not the way we like to take them, but we'll be just fine.

Yup I am with you and SoMD pricing has gone through the room.... I take alot of vacations, and lucky my car will be paid off in 4 months, and I dont have any other debts besides the house You're wife gets credit here BTW LOL
 

purbeast0

No Lifer
Sep 13, 2001
52,927
5,797
126
Yup I am with you and SoMD pricing has gone through the room.... I take alot of vacations, and lucky my car will be paid off in 4 months, and I dont have any other debts besides the house You're wife gets credit here BTW LOL
My next door neighbors house just went on the market today for $598k. I really hope it sells for that much
 
Reactions: Chess

Zorba

Lifer
Oct 22, 1999
14,833
10,235
136
I get about 0.45 to the dollar, but I get about 0.02 of that back the next day from my dependent care flex plan.

But, DW and I both put 27% in the 401k (about 16% pre tax and 11% after tax), max out HSA and Dependent Care.

Sucks, but then I see our 401k contributions of 86k/yr and decide it's fine, I'll enjoy it when I have full fuck you money at 55.
 

AdamK47

Lifer
Oct 9, 1999
15,312
2,915
126
I get about 0.45 to the dollar, but I get about 0.02 of that back the next day from my dependent care flex plan.

But, DW and I both put 27% in the 401k (about 16% pre tax and 11% after tax), max out HSA and Dependent Care.

Sucks, but then I see our 401k contributions of 86k/yr and decide it's fine, I'll enjoy it when I have full fuck you money at 55.

How do you get to that amount in a year? The maximum for an individual is 18K or 24K if >= 50 years old. That must be some employer match.
 

Zorba

Lifer
Oct 22, 1999
14,833
10,235
136
How do you get to that amount in a year? The maximum for an individual is 18K or 24K if >= 50 years old. That must be some employer match.
We both max pre-tax at 18.5k/yr (2018), get an effective 9% employer match, then do the rest as after tax which is about 10k each more. There true IRS limit for a 401k for employer contribution, pre-tax and after tax is like 54k/yr.

We also roll all the after tax money into a Roth IRA because we can do in service after tax roll overs. This has been termed the"Super Backdoor Roth IRA" if you want to Google it.
 

AdamK47

Lifer
Oct 9, 1999
15,312
2,915
126
We both max pre-tax at 18.5k/yr (2018), get an effective 9% employer match, then do the rest as after tax which is about 10k each more. There true IRS limit for a 401k for employer contribution, pre-tax and after tax is like 54k/yr.

We also roll all the after tax money into a Roth IRA because we can do in service after tax roll overs. This has been termed the"Super Backdoor Roth IRA" if you want to Google it.

Now that's the kind of plan I wish I had.
 

Chaotic42

Lifer
Jun 15, 2001
33,929
1,098
126
$0.746 per dollar. Probably a little more since I seem to get modest refunds. I don't put money into my 401k, but my company does.
 
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