Originally Posted by
Meme In Command
I'll be on track for my first ever six figure year this year with a potential upgrade in the near future so i haven't really ever had to think about these big money problems before. It seemed like a bigger deal than what it is in reality I guess
If you make $400,000 in FLT PAY and don't put any more than $13,200 in to your own 401k, the company is putting $52,800 into your 401k. The $11,200 you get for the last $70,000 you earned is either going in to the MBCBP or getting taxed as normal income. It isn't a huge chunk of your total yearly compensation, nor is it a huge chunk of any GS renumeration. It is still a pretty large chunk of money, with sought after low returns, but I doubt anyone is going to not pick up a GS because of it.