Yeah, I would not put any of the bonus into 401K, and instead put whatever percentage you think right into short terms savings. In today's economy lots of chances for short term emergencies, so building up short term savings is important. Yeah 401K can be tapped in emergency, but the penalty is pretty ouchie. With irregular income, better to divide between short term savings and shit you will enjoy (either having or remembering).
All right, no one's killing folk today, on account of our very tight schedule.
Mal ,'Trash'
Natter 69: Practically names itself.
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Typo Boy - Mar 02, 2012 10:59:32 am PST #24940 of 30001
Calli: My people have a saying. A man who trusts can never be betrayed, only mistaken.Avon: Life expectancy among your people must be extremely short.
lisah - Mar 02, 2012 11:15:44 am PST #24941 of 30001
Punishingly Intricate
I just got a bonus today!! 401k was not taken out and that was not offered to us as an option.
Zenkitty - Mar 02, 2012 11:34:11 am PST #24942 of 30001
Every now and then, I think I might actually be a little odd.
Just got my first paycheck post-raise. Difference is $42 dollars more. Whee. Sadly, I know a couple people got even less.
shrift - Mar 02, 2012 11:49:12 am PST #24943 of 30001
"You can't put a price on the joy of not giving a shit." -Zenkitty
So, you guys have 401K taken out of your bonuses? I don't usually get a bonus! I don't know how this works!
Since my bonus is taxed at a higher rate than my regular salary, I've been slinging my bonus into my pre-tax 401K. I take full advantage of the company match. And I don't spend it if I don't see it.
But I spent most of my 20s doing little in the way of retirement planning, so I'm trying to make up for lost time.
brenda m - Mar 02, 2012 11:49:51 am PST #24944 of 30001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
Yeah, my bonus gets paid out next week and I don't put any of it to 401K, though possibly I should. Last year I used some for a Roth, so I might do that again. And probably some credit card or car payments, and I still have to come up with something fun.
brenda m - Mar 02, 2012 11:51:07 am PST #24945 of 30001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
Since my bonus is taxed at a higher rate than my regular salary,
It's withheld at a higher rate (this happens with overtime pay too) but end of year is taxed the same.
tommyrot - Mar 02, 2012 11:51:38 am PST #24946 of 30001
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.
A third advertiser has dropped Limbaugh.
Rush Limbaugh’s Advertisers Facing Social Media Firestorm
And this one's not a mattress company.
Consuela - Mar 02, 2012 11:58:06 am PST #24947 of 30001
We are Buffistas. This isn't our first apocalypse. -- Pix
I kind of miss getting bonuses. Ah, well.
shrift - Mar 02, 2012 11:58:39 am PST #24948 of 30001
"You can't put a price on the joy of not giving a shit." -Zenkitty
It's withheld at a higher rate (this happens with overtime pay too) but end of year is taxed the same.
Ah. I could never get past my ball of rage at how much of my money I wasn't getting to grasp this concept.
msbelle - Mar 02, 2012 12:05:32 pm PST #24949 of 30001
I remember the crazy days. 500 posts an hour. Nubmer! Natgbsb
someone who has not even met me, just called me a diminuative in an email. I told him that was risky behaviour and I would call him Bob when we met. He then sent me a message and signed it Fred, so I responded and signed it Emily.
I think I found a friend.
btw I totally have a new office crush. Geekily adorbs and has tried multiple times to be helpful when I am having a problem. yay for office cutieheads.