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Top rate paycheck
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<blockquote data-quote="3838373" data-source="post: 2093819" data-attributes="member: 19776"><p>if i work a normal week and gross 1750.... my take home pay is around 1185 with 5% into 401k, if i raise my 401k to 20% my take home pay is around 1000... Well worth the increase; I realize some drivers couldn't afford the 185 decrease in take home though.</p><p></p><p>Lets do the math of 5% vs 20% over 20 years.</p><p>20% would probably max out a 401k which would give you about 800k after 20 years. at 5% you would have about 200k, if you can just manage living on less than 185 a week.. (all a rough estimate )</p></blockquote><p></p>
[QUOTE="3838373, post: 2093819, member: 19776"] if i work a normal week and gross 1750.... my take home pay is around 1185 with 5% into 401k, if i raise my 401k to 20% my take home pay is around 1000... Well worth the increase; I realize some drivers couldn't afford the 185 decrease in take home though. Lets do the math of 5% vs 20% over 20 years. 20% would probably max out a 401k which would give you about 800k after 20 years. at 5% you would have about 200k, if you can just manage living on less than 185 a week.. (all a rough estimate ) [/QUOTE]
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