Me: 10% per check, plus 4% match. Wife: 6% per check, plus 3% match, plus additional 4% starting when she hit her second year of employment.
So that looks to be 27% of our salary going into retirement accounts. But when I total what comes out of each check and adding the matching amount to it over the entire year, it only comes to about half of what multiplying our gross pay by 27%. If the amounts are pretax, shouldn't the number be closer to that 27% of gross.
I may not be explaining it well enough for an answer so I can clarify. I assume there is an answer that I just am not getting.
Submitted October 05, 2017 at 08:55AM by chris9008 http://ift.tt/2xXFA1r
