By Anonymous - 19/4/2021 23:00 - United States - Kissimmee

Investing in the future

Today, after years of being underpaid, I received my first paycheck at my new job. My new employer offers excellent benefits and a 401k. But after I invest in all these wonderful things, and after a $4 an hour pay increase, my net income is less than before. FML
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By  Marcella1016  |  31

A 401k is important. It’s your nest egg for retirement. You’re essentially paying yourself, AND it’s invested and earning interest. This is a *very* good thing if you want to retire comfortably, and don’t want to be working your whole life.

Sucks you’re earning less overall, but the benefits are for you so hopefully it’s worth it and you’re not struggling financially or anything. And who knows maybe you can work up to earning a raise and you’ll come out even better :)

By  Bogrbon  |  23

Welcome to modern american jobs. People say "we'd have to have a 50% tax rate to pay for x, y and z," and I think "paying for them myself it comes out to about 50% of my paycheck too."

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By  Bogrbon  |  23

Welcome to modern american jobs. People say "we'd have to have a 50% tax rate to pay for x, y and z," and I think "paying for them myself it comes out to about 50% of my paycheck too."

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  Nhayaa2.0  |  13

50% is a lot... In France the average is 30% and we still manage to have social security/health care, free education and other benefits. But our medical care are controled and way cheaper than is the US. I would give 50% of my wage if I ever had to pay what you pay for my health. That's insane.

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  kfchicken_fml  |  31

please dont listen to this guy, investing in your 401k is really important. it sucks that you have less disposable income but youre giving yourself an earlier retirement, more time to enjoy your money, more time with your kids and grand kids,more time with your significant other in the future etc. cut back on some of the other things your moneys going into if you can but your 401 should not be on that list.

By  Marcella1016  |  31

A 401k is important. It’s your nest egg for retirement. You’re essentially paying yourself, AND it’s invested and earning interest. This is a *very* good thing if you want to retire comfortably, and don’t want to be working your whole life.

Sucks you’re earning less overall, but the benefits are for you so hopefully it’s worth it and you’re not struggling financially or anything. And who knows maybe you can work up to earning a raise and you’ll come out even better :)

Reply
  bleachedraven  |  12

Love the optimism of your comment! Bringing home less could be discouraging if you didn't have the right mindframe, but considering future outcome of these benefits makes a huge difference!