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Beware your first 2013 paycheck
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Guest replied*facepalm* Forget I mentioned it.
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Guest repliedOriginally posted by The King View PostThe maximum 401K contribution you could make last year was $17,000, or $22,500 if you were over 50. So, would 100% of your wages have been $17,000 or $22,500? Either you're not paid shit, or your financial education is totally absent.
I was talking per pay period, not total.
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The maximum 401K contribution you could make last year was $17,000, or $22,500 if you were over 50. So, would 100% of your wages have been $17,000 or $22,500? Either you're not paid shit, or your financial education is totally absent.Originally posted by talisman View PostMax allowed is 100%. I've got a house and car to pay for sucka!
You guys are retarded. When they REDUCED our taxes by 2%, I INCREASED my contribution by the 2% so I wouldn't even notice it. Jesus Christ.
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Guest repliedOriginally posted by The King View PostSucks to be you if you were not already contributing the maximum allowed to your 401K when the 2% reduction first began.
Max allowed is 100%. I've got a house and car to pay for sucka!
You guys are retarded. When they REDUCED our taxes by 2%, I INCREASED my contribution by the 2% so I wouldn't even notice it. Jesus Christ.
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FICA is based off gross pay BEFORE 401k is taken out so you're paying the 6% whether you like it or not. Boosting your 401k another 2% isn't changing anything except further reducing your takehome.Originally posted by talisman View PostAm I the only one here that simply upped my 401k contribution by 2% when they first made this cut? Sucks to be y'all.
Maybe its just sunday and I'm missing what the benefit is.
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So let me get this straight. If you make a nice round number of 1000 dollars a week and they are taking an extra 2% from that paycheck that would be 20 bucks. Now I contribute 2% more to 401k that would bring my gross down to 980. Now the extra 2% on the 980 is 19.60 a week they take right? so this is like saying I made an extra .40 cents per 1000 and 20.80 per year saved from going to the man? Is this really what you are bragging about fucking the man out of by contributing to your 401k?
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Sucks to be you if you were not already contributing the maximum allowed to your 401K when the 2% reduction first began.Originally posted by talisman View PostAm I the only one here that simply upped my 401k contribution by 2% when they first made this cut? Sucks to be y'all.
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I didn't think to do it but our company CPA recommended it. Thanks Pattymelt!Originally posted by talisman View PostAm I the only one here that simply upped my 401k contribution by 2% when they first made this cut? Sucks to be y'all.
Edit - God dammit I just saw the tags!
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