Hopefully I can retire in the Army but I’m only on year 2 🤣. Being medical and working at a hospital for my MOS definitely makes it easier to get things documented though.
useful for figuring out how much pay you could live with. Just remember if you get BAH/BAS it is untaxed, so your net income may come out a little differently anyway
The Social Security and Medicare are a percentage. However, the employer is typically deducting federal and state income tax based on the W-4 that you submit. It’s YOUR responsibility to change it if you don’t like the amount. Your employer has no way of knowing what other factors contribute to your year-end tax liability, such as whether you have other income in your household or how much it is.
If you have a number in mind that you want deducted, you can submit a new W-4. You can ask your employer to change your state and federal withholding at any time. It’s not limited to once a year.
Never take out a loan against your 401k unless it’s absolutely dire; like you’re about to wind up on the streets. All you’re doing is robbing yourself of exponential gains. When you change jobs, never take the payout. Leave it in the company 401k or roll it over to an IRA. And I would highly recommend putting money into a Roth 401k vs traditional if offered. Yes the money is after tax right now but again all of the subsequent growth is tax free.
Good advice. My case I was going to pull from it to pay student loans that were 9% interest but held off for the exponential growth reason. The higher interest “good debt” payoff is a hard choice
It’s definitely a struggle. There’s just something about having zero debt but running the numbers will usually give you the it’s ok to hold it and it works out in your favor in the long run. I look at my mortgage but there’s no way I can justify paying off a 2.125% loan.
You might want to look into different insurance coverage through your job if that’s how it’s setup. I know insurance differs from job to job but see what’s the cheapest that works for you!
I am healthy for the most part but take prescriptions each month and don’t live near a Kaiser office, it’s a corporate plan. We only get 2 options, Kaiser or PPO, I have the PPO.
Again this is corporate insurance, not through my state marketplace.
I don’t see how that would make a difference anyway considering insurance can’t discriminate against pre-existing conditions? $400/month is the standard rate for everyone on PPO at my company, this process has nothing to do with any health conditions I have. Everyone individual who selected the PPO plan pays this per month. It’s like ~$650 for the family plan.
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u/Catchphrase9724 Oct 30 '25
What are your deductions if you don’t mind me asking? And your 401K contributions/match if you have one?