$120,000 a year is $10,000 a month. That is ALOT of money.
Let me guess, there is 4 people with this job
>>61910225I dont get it
>>61910170Get a clearance and work for one of the intelligence agencies NGA or NGIS and make way more.
>>61910170>after tax, 401k contribution, HSA, insurance you'll take home roughly 7k a month>$3500 paystubLolLmao even
>>61910246Why would you deduct 401k and hsaIts not like thats not your money
>>61910252>Its not like thats not your moneyOh goy
>>61910252401k you have a point but HSA is a retarded cope considering you can only spend it on qualifying medical expenses. if you don't get sick then you can't really touch it.
>>61910263Everyone has health expenses, you can even use it on stuff like gym equipment and shoes. Besides its totally voluntary im pretty sure and most people just do it because taxes
>>61910276>Everyone has health expenses, i don't bother going to doctors. i go to the dentist every 6 months. i use mine for fluoride treatments ($33 a year) and the occasional filling.>stuff like gym equipment and shoes. it needs to be medically necessary, which means you need to pay dr. shekelberg to write a letter to substantiate the 'need.'
>>61910263it is not difficult to use $4400 of medical expenses once a year, but youre supposed to just save up all your receipts and use it down the line once you've made a bunch of money, but $4400/mo shouldn't be making or breaking your investment strategy anyways unless you're poor. >>61910294oh you're one of those.
>>61910170I remember when I really did think that was a lot of money 10+ years ago. I was almost willing to move to California or bumfuck West Texas to make it since I was only making $110k at the time in metro Atlanta. Look at me now!
>>61910340>it is not difficult to use $4400 of medical expenses once a yearagain, they have to be qualifying medical expenses.>oh you're one of those.one of what?
>>61910170>50k for being from polandKurwa bros, did I miss something?
>>61910294>it needs to be medically necessary,you have never used one idiot, you don't need a note from any doctor, and you can use all that money to pay Medicare premiums once you retire. you will 100% use the money in a HSA and getting it pretaxed increases your actual disposable income
>>61910999>you have never used one idiot, you don't need a note from any doctor, i literally used my HSA card yesterday at a dentist appointment you dumb fucking nigger.>you don't need a note from any doctorhttps://www.healthequity.com/hsa-qme
>>61910252Basically, after covering all the basics to live ok now and in the future you really don't have much "disposable" income. $7k doesn't count rent, utilities, car insurance, car maintenance, gas, food
>>61910263The point of a HSA is that you never spend it, it reduces your taxable income and after age 59 it’s basically a traditional 401(k).>get 401(k) match>max HSA>max Roth>go back and max 401(k) if you can
>>61911598>make $80k>max 401(k), HSA, Roth, and do another 10 percent to backdoor Roth>$1,350 in total monthly expenses>$600 to do whatever with each monthBut also, I split the rent and my gf buys the groceries because she earns more. YMMV.
>>61910240Do you have someone i can contact?
>>61910246Hilarious pic, anon.
>>61913412Move to DC
>>61910263>if you don't get sick then you can't really touch it.You can use that shit on anything. I'm wearing a pair of prescription glasses that cost around $5k that I paid for with my HSA, half of that being an employer match. You can use it to buy exercise equipment, red light panels, whatever. Basically if you ever buy anything tangentially related to health, you can pay for it with your HSA.
>>61910170I make 120k a year.Right off the bat, I take home maybe half of it.Do I need to keep talking? This country is a scam.
>>61910170It used to be. Not any more.
>>61914045Yeah, for some reason this is considered rich when it is the buying power of a butcher in the 70s. And it’s taxed like it’s rich
>>61914098Median income in the U.S. is around $80k a year.
>>61914137Why do people use the median as some kind of argument? The median is a lesser quantity of life than your parents median and people should be more upset over it.
i.e. the median nominal wage is relative. Real wages are dogshit. It’s a good divide and conquer strategy to get folks fighting about the “outlier” that is a mere 30k more taxed at a higher bracket
>>61910170170k/yr here, after tax it's about $120k/yr
>>61914164I’m doing better than my parents in every capacity at $80k beyond the inability to buy a home. And even then, I really don’t give a shit about it beyond the prospect of building more wealth.
>>61910263There's always something you can spend it on, and most of them let you invest in stocks or something in. Even better if your employer is the one contributing to it. HSA is free money for smart people.
>>61916482Impressive level of cattle cope.
>>61915225250k/yr here, after tax it's about $150k/yr
>>61910170Unironically my w2 pay is $180k and my take home after taxes and everything is $10k. My 1099 income is taxed at like 40%.Without taxes I make around $250k/yr, after taxes and insurance I make around $160k. I lose about $100k a year to the spic nig cycle
>>61916482>beyond the inability to buy a home.so you're actually doing far worse than your parents. what do you think is going to happen when you try to retire? rents are $1.5k+ for a 1 bedroom in most of the USA. social security is barely $1.5k a month for most people. i hope you're putting a LOT of money into retirement investments.
>>61914045I really wish we had the ability to opt out of social security and just got that money tax free.
>>61916724kekSocial only works when everyone who does function is forced to pay for 4 other people too. If you can opt out, most would, leaving only the ones who can't pay in the pool. It wouldn't work.The only thing you can do is go places where it's different.
>>61910170I make that in almost two weeks
>>61910170
>>61917050
>>61917056I’d say an ALOT stack of money is roughly 600k USD, not 100k. OP wrong as usual.
>>61914025so you blew $5K on fucking glasses and think that is a flex, kek.
>>61917050It doesn't look like a cross
>>61910263After a certain age you can withdraw your HSA without penalties like a 401k
>>61910225i mean why the fuck do you need more than 4. i'm pretty sure most people are familiar with how the ground works lmao
>>61917050>>61917056Honestly I use alot simply because it bothers people. At this point it's common use and should just be accepted as a word anyways.
>>61916594I'm not a tax attorney, but I'm thinking you should be structured as an llc, where the llc receives the 1099, you take as small of a salary as you can get a way with, and then more tax favorable distributions later.
>>61916518This doesn’t mean anything to me.>>61916698I make $80k and max my traditional 401(k), HSA, Roth IRA, and do another 10 percent to a backdoor Roth. This all goes to VOO. Including employer match, I’m near $50k a year being saved. I consider myself very fortunate.
>>61913990>>61913412Specifically, move to Maryland and start checking USjobs.gov for open positions, and be on the lookout for job fairs and networking events.
>>61918131I have schizophrenia and sit at home all day, and don't even think I could work a normal job again, im more looking for a role similiar to the tv The Mentalist, where I come in, figure out the problem the leave. will that affect my prospects?
>>61917100He spent $3k on $5k-quality glasses because Uncle Sam chipped in $2k.
