Join Early Retirement Today
View Poll Results: How Much Bonus (Pre Tax) Are You Expecting? How Are You Spending It?
Less than $1k 5 7.35%
$1k-$3k 5 7.35%
$3k-$5k 5 7.35%
$5k-$10k 3 4.41%
$10k-$15k 4 5.88%
$15k-$20k 1 1.47%
$20k-$25k 1 1.47%
$25k-$30k 0 0%
more than $30k 2 2.94%
No bonus 18 26.47%
Invest all of it 11 16.18%
Invest 75-100% 6 8.82%
Invest 50-75% 1 1.47%
Invest 25-50% 1 1.47%
Invest 10-25% 0 0%
Invest less than 10% 0 0%
Blow it all! 1 1.47%
More than $50k 4 5.88%
Voters: 68. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Bonus?
Old 11-03-2005, 10:58 AM   #1
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Bonus?

With all this talk of bonus money coming up I thought I would beat DanTien to the punch and create a poll on this.*

So, how much do you think (know) you will get in your bonus over the next few months since some of them are given near the holidays and others in the first few months of the new year?
__________________

__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Bonus?
Old 11-03-2005, 11:22 AM   #2
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Bonus?

I expect a good "bonus" mostly because I am taking a small draw. But it will all be eaten by taxes.
__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Bonus?
Old 11-03-2005, 11:26 AM   #3
Full time employment: Posting here.
cj's Avatar
 
Join Date: Jun 2005
Posts: 517
Re: Bonus?

Year end bonus is a great way to fund next year's Roth...

CJ
__________________
cj is offline   Reply With Quote
Re: Bonus?
Old 11-03-2005, 11:59 AM   #4
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Bonus?

DW gets one at the end of the month. It will all (after tax) be invested.
I may get one (not a sure thing) next year (1st QTR). The amount is tied to goals and company performance. I made my goals but the company did not, so I get screwed. I may have enough for a couple tanks of gas (maybe ).

My bonuses have not ever been very much compared to what I hear about. I guess a lot of it is industry (service) related and also your pecking order in the company.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Bonus?
Old 11-03-2005, 02:19 PM   #5
Recycles dryer sheets
 
Join Date: Jun 2004
Posts: 229
Re: Bonus?

We get quarterly bonuses. Mine are usually about $1,500 (after taxes). I love getting a bonus; its like "found" money.
__________________
Glo is offline   Reply With Quote
Re: Bonus?
Old 11-03-2005, 06:12 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Re: Bonus?

Bonus will equate to about 80% of my total pre-tax comp. 100% of what's left after the government gets done mauling me is saved.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Re: Bonus?
Old 11-04-2005, 05:03 PM   #7
Thinks s/he gets paid by the post
Sheryl's Avatar
 
Join Date: Apr 2004
Posts: 1,459
Re: Bonus?

I included the bonuses we have already taken in March and June as part of a total annual bonus amount.* *

Did not include dividend as that is intended to ofset S-Corp tax liabilities.

I might have lied about saving it all if I end up buying a new car, though.
__________________
Sheryl is offline   Reply With Quote
Re: Bonus?
Old 11-05-2005, 06:58 AM   #8
Recycles dryer sheets
 
Join Date: May 2005
Posts: 287
Re: Bonus?

Quote:
Originally Posted by Sheryl
I might have lied about saving it all if I end up buying a new car, though.
I hope that car is for someone in Honduras.
__________________
moghopper is offline   Reply With Quote
Re: Bonus?
Old 11-05-2005, 09:41 AM   #9
Thinks s/he gets paid by the post
Sheryl's Avatar
 
Join Date: Apr 2004
Posts: 1,459
Re: Bonus?

Quote:
Originally Posted by moghopper
I hope that car is for someone in Honduras.
Ouch
__________________
Sheryl is offline   Reply With Quote
Re: Bonus?
Old 11-08-2005, 11:18 PM   #10
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Bonus?

Last year's bonus was $30K, but this year's bonus will be 0.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 03:11 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2004
Posts: 1,798
Re: Bonus?

Dude?!?!?!?!? Your bonus was more than my pay!

Oh and my bonus was a $50.00 grocery card. I gotta find another job.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
lets-retire is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 07:25 AM   #12
Thinks s/he gets paid by the post
cube_rat's Avatar
 
Join Date: Jul 2005
Posts: 1,466
Re: Bonus?

Quote:
Originally Posted by lets-retire
Dude?!?!?!?!? Your bonus was more than my pay!

Oh and my bonus was a $50.00 grocery card. I gotta find another job.
Yes, 30K is nice bonus, however Uncle Sam takes roughly 52% of it :P Plus high bonuses throw you into a higher tax bracket. Trust me, it's not all that's it's cracked to be,
__________________
fuzzy? cute?
cube_rat is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 07:49 AM   #13
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Bonus?

That's true. One of the drawback of a bonus is that your tax bracket will be raised. Last year, we had to pay AMT (alternative minimum tax) also. I am not complaining though.

P.S. Compensation that includes a bonus is not as rosy as it seems since the company artificially keeps the base salary low (relative to the market) and offers bonus as an incentive to work harder toward milestones and company objectives.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 08:59 AM   #14
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Bonus?

Quote:
Originally Posted by Spanky
That's true. One of the drawback of a bonus is that your tax bracket will be raised. Last year, we had to pay AMT (alternative minimum tax) also. I am complaining though.

P.S. Compensation that includes a bonus is not as rosy as it seems since the company artificially keeps the base salary low (relative to the market) and offers bonus as an incentive to work harder toward milestones and company objectives.
Maybe so, but, imagine doing all that and NOT getting a bonus? What would be worse? Paying additional tax and having the additional after-tax income or not having the additional income at all while still doing the same amount of work?

But, Dude, $30,000 bonus!! That is a chunk of cash.
Some one else reported 80% of income but not know the base it may not be all that much in the bigger picture.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 11:03 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Re: Bonus?

Quote:
Originally Posted by cube_rat
Yes, 30K is nice bonus, however Uncle Sam takes roughly 52% of it* :P* Plus high bonuses throw you into a higher tax bracket.* Trust me, it's not all that's it's cracked to be,
I hate taxes about as much as anyone on the planet but keeping 48% of $30K is still better than 100% of nothing.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 05:05 PM   #16
Full time employment: Posting here.
Calgary_Girl's Avatar
 
Join Date: Jun 2004
Location: Calgary
Posts: 775
Re: Bonus?

I expect my bonus to be around $5K before taxes.

The wild card is hubby's bonus though....last year it was $0 but he's working on a big deal at work, which should hopefully happen this week. A co-worker did a similar sized deal last year and his bonus was $500K (yup, that's $500,000...not a type-o). Of course, he could again get nothing because his company was purchased by another company last May. Maybe he should just be happy to have a job and getting paid six figures
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
Calgary_Girl is offline   Reply With Quote
Re: Bonus?
Old 11-09-2005, 11:49 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Dec 2004
Posts: 1,798
Re: Bonus?

I'd only need about three or four years of 48% of a 30,000 bonus, then color me retired.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
lets-retire is offline   Reply With Quote
Re: Bonus?
Old 11-10-2005, 07:15 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Re: Bonus?

Quote:
Originally Posted by lets-retire
I'd only need about three or four years of 48% of a 30,000 bonus, then color me retired.*
$43,200 - $57,600 I hope the retirement plan is better funded than that.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Re: Bonus?
Old 11-11-2005, 02:42 AM   #19
Thinks s/he gets paid by the post
 
Join Date: Dec 2004
Posts: 1,798
Re: Bonus?

Mildly
__________________

__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
lets-retire is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Do/Did you receive a bonus? wildcat FIRE and Money 49 07-03-2007 06:29 PM
Best Bonus for Credit Card Expenitures -Frequent Flyer cards or Cash-back card? ScaredtoQuit FIRE and Money 19 04-21-2007 04:29 PM
USAA Subscribers Savings Account (SSA) ~ Senior Bonus (10%) mickeyd FIRE and Money 2 02-18-2007 07:54 PM
Katrina bonus??? unclemick FIRE and Money 6 10-11-2005 12:45 AM
Anyone wanna get the ING bonus? Berkshire_Bull FIRE and Money 7 09-29-2004 05:25 PM

 

 
All times are GMT -6. The time now is 12:37 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.