<< Back to all Blogs
Login or Create your own free blog
Home > Gross Wages 2013

Gross Wages 2013

October 16th, 2013 at 11:03 am

Looking at my YTD on my paystub from yesterday, and looking ahead on the calendar, I see I am on track to gross $51,102.25 this year. This includes my seasonal OT and tax season bonus. It does not include my Christmas bonus, child support, or my PT job income.

If I want to continue socking away 15% of my gross pay towards retirement, I need to save $7,665.34. By the time the year ends, I will have contributed $2,550 into my Simple IRA and $3,000 into my Roth. I will receive $1,533.07 in matching funds from my employer. That leaves an additional $582.27 still to be coughed up, we can just call it $600.

(I made a 1k contribution to my traditional IRA in February, but that was for 2012).

I believe I can easily contribute $600 from my Christmas bonus, and I believe I will. I will also need to pay for gifts for my kiddos, and hope to make a mortgage chip and stash a bit into savings. We will just have to wait and see how good I have been this year. Perhaps I was more naughty than nice and can only look forward to coal. Smile

3 Responses to “Gross Wages 2013”

  1. Rachael777 Says:

    Looks good. Proud of you!

  2. creditcardfree Says:

    Oh, I'm sure you are due a nice bonus! No coal for you.

  3. LivingAlmostLarge Says:

    Why not all into Roth? Cool!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]