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Personal Investments • Debt and Savings Strategies for Young Adult

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Are you counting FICA taxes in your effective rate?
I have included FID-EE Tax, Social Security, Medicare, MAPFL, and MAPML. I updated the screenshot to more accurately reflect my current situation. It now shows 2% 403(b) investment pre-tax.
Usually you would disregard anything but federal and state income taxes in these calculations. Not because they don't take a bite out of your pay, but because you don't have any control over them when making pre-tax vs. Roth and other tax decisions. One exception is payroll contributions to an HSA.

Statistics: Posted by Makefile — Wed Oct 02, 2024 9:37 pm — Replies 9 — Views 381



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