So I recently started working as a defense contractor, and set up my 401(k) with T. Rowe Price. I’m 24 (plan to retire at 60) and just now started putting money away for it. I’m at 8% of my 83k base salary, plus a 4% employer match, and it’s going into a 90-100% stocks based trust fund. Now here’s where things start getting complicated. I’m going to be deploying once a year for 4 months. Based on where I’m going this next year, I will be taking a serious increase in my pay (almost 4x my base salary including overtime) and I know that will probably be taxed at a ridiculous rate. What should I do when I’m deployed to get the most out of it long term? Any advice is appreciated!
Submitted December 19, 2019 at 08:23PM by CenterlinesForLosers https://ift.tt/2sJAR4Q
