The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: 401k problem||Date: 12/1/2006 10:13 PM|
|Author: MarinBMWZ4||Number: 54582 of 75794|
Not MarinBMWZ4, but 26 probably based on paycheck every 2 weeks?
I thought that too, but then noticed he said 40 hours. So either Marin works 20 hours/week, meant 80 hours, or meant 52 weeks :)
Never do math and drink margarita'aazzz
OK. minimum scheduled hours is 40 hours per week.
Using my base salary at the beginning of the year I do the math as if I will not work any overtime, will not get any standby pay (which can be as much as my base salary) nor my annual salary increase in October nor my step increase in September (I said it was a great job - everybody should get their children to train to become xray techs - plus we have a rock solid contract).
Then, by September I usually have fully funded my 401k and I effectively give myself a nice raise in the fall...
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|