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Old 08-16-2020, 07:07 PM   #21
Thinks s/he gets paid by the post
 
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Originally Posted by sourcream View Post
and yes, I can increase my contributions as my monthly expense is around 2K. btw, will my employer ask why I am putting so much in 401k in such a small duration and can they say no for it?
Your employer won't care. I've done this in my old mega-corp job (where between 401K and exec comp plan I had my take home at about $50/pay). I did it this year at my college gig - only issue is that I didn't have enough pay to pay faculty dues, so my school payroll had to do a manual adjustment (I simply explained I wanted a net $0 paycheck if possible).
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Old 08-17-2020, 02:44 AM   #22
Dryer sheet aficionado
 
Join Date: Aug 2020
Location: BROOKLYN
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Originally Posted by Rex View Post
Can you work from home?

If you move to Florida, you'd see a 3.8% raise because there is no state or local income tax.
I like working from home. WFH is my next job. There was a company florida who was interested in me. They were offering much less...like 50k less and that they reasoned lower taxes too.
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Old 08-17-2020, 02:46 AM   #23
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Originally Posted by copyright1997reloaded View Post
Your employer won't care. I've done this in my old mega-corp job (where between 401K and exec comp plan I had my take home at about $50/pay). I did it this year at my college gig - only issue is that I didn't have enough pay to pay faculty dues, so my school payroll had to do a manual adjustment (I simply explained I wanted a net $0 paycheck if possible).
Wow..net zero. who was paying your bills?
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