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Author Topic: Take home pay less after a >25% Raise!  (Read 4132 times)

Researcher

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Take home pay less after a >25% Raise!
« on: March 03, 2014, 12:38:01 PM »
Just got my first paycheck after my promotion last Friday and I'm taking home less money than before, due to maxing out my 401k percentage for the year! My take home pay is only ~$200 less biweekly, which would is only $5,200 less a year; but my 401k is getting $17,500 a year! I'm happy to take the cut and pay less taxes for the next X amount of years for that.

I also negotiated an extra $4,250 into my promotion raise! This year is turning out pretty badass for me, after a not-so-great start. :)
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arebelspy

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Re: Take home pay less after a >25% Raise!
« Reply #1 on: March 03, 2014, 01:02:19 PM »
That's awesome.  Way to avoid lifestyle inflation!
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ThermionicScott

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Re: Take home pay less after a >25% Raise!
« Reply #2 on: March 03, 2014, 02:17:05 PM »
Well played!  I hoped something like this was at the root.

I suspect my "take-home pay" is quite a bit lower than my peers as well.  ;^)
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olivia

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Re: Take home pay less after a >25% Raise!
« Reply #3 on: March 03, 2014, 03:42:27 PM »
Badass!  Congrats on the raise and on putting it to good use!!!
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EK

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Re: Take home pay less after a >25% Raise!
« Reply #4 on: March 03, 2014, 05:54:03 PM »
Bad. Ass!  That is awesome.
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Researcher

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Re: Take home pay less after a >25% Raise!
« Reply #5 on: March 04, 2014, 08:27:45 AM »
Thanks guys! I'm super excited to see my savings grow faster than ever before!
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rocksinmyhead

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Re: Take home pay less after a >25% Raise!
« Reply #6 on: March 04, 2014, 08:53:53 AM »
Quote from: Researcher on March 03, 2014, 12:38:01 PM
Just got my first paycheck after my promotion last Friday and I'm taking home less money than before, due to maxing out my 401k percentage for the year! My take home pay is only ~$200 less biweekly, which would is only $5,200 less a year; but my 401k is getting $17,500 a year! I'm happy to take the cut and pay less taxes for the next X amount of years for that.

I also negotiated an extra $4,250 into my promotion raise! This year is turning out pretty badass for me, after a not-so-great start. :)

me too!!

(minus the negotiated additional raise, huge kudos for that!! I am not that ballsy yet :))
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reginna

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Re: Take home pay less after a >25% Raise!
« Reply #7 on: March 04, 2014, 08:56:15 AM »
Dang Researcher, that's truly badass! Love the cat.
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Wow, a phone plan for fifteen bucks!