Going to try to keep it short and simple.
Just turned 22, fresh out of school and begin my first real job this week with many benefits that come included with it.
I can opt for free medical, dental and vision base plans or pay $8.25/week for a plus package across the board for all three. With that, I gain access to a health savings accounts (HSA).
With the base coverage package the company contributes $1250 to my HSA and $750 with the plus package. With that, I am given the option to open a flexible spendings account (FSA) - a tax break that helps me pay for eligible health, dental and vision expenses.
I have the option to receive legal coverage as well for $16.95/month out of my check.
As a new hire, I automatically contribute 5% of my paycheck to a 401K - my contribution is changeable throughout the year.
I also can purchase company stock at a 15% discount off the market price through their employee stock purchase plan (ESPP).
My bills per month add up to ~$950 with an estimated monthly income of ~$2500 after taxes. How can I maximize my new career opportunity and take the most advantage of their benefits for the long-term?
Submitted August 19, 2018 at 09:22AM by GooeyLoveJuice https://ift.tt/2weiwuR
