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The limit ($19k contribution) is around 17% of my pretax, I'm just frontloading it right now. A lot of my friends put in 90-100% into their 401k because they ar
by lowiqengineer 7y ago
The limit ($19k contribution) is around 17% of my pretax, I'm just frontloading it right now. A lot of my friends put in 90-100% into their 401k because they are already wealthy.
Our compensation cycle is 1 per year, and it's unlikely to get more than a COL raise at my company unless you have top 5% performance. I've tried getting other offers but the best I've gotten is still less than Google new grad (I now have ~1 yoe)
- jklein11 7y agoWhat do you mean by frontloading? Also, that is a pretty solid salary for someone with 1 year of experience. Congrats!
- lowiqengineer 7y agoI’m putting in more at the start of the year to reach the cap faster.
- jklein11 7y agoWhat is your reasoning for doing so? That sounds like a lot of extra work for not a lot of benefit. TBH it sounds like you are treating building wealth like a sprint. It is more like a marathon