I got a half-dozen bonuses through the 1980s & early '90s ranging from $2400-$7200 (after tax witholding). Every bonus went straight into the ER portfolio without being spent on anything else. So did sea pay and most of sub pay.wildcat said:If so, how much of a role did it play in your ability to FIRE?
3 Yrs to Go said:About 75% of my total comp comes as an annual bonus. The crazy compensation structure is probably the main reason I'm going to retire early. I started with a plan to live on my base and bank the bonus, because job security is not what my profession is known for. As the bonus grew I stayed with the original plan and now I'm putting away ~75% of my gross. If I got paid the same amount but saw the check every other week, I'm not sure I'd be saving as much.
Come on Wildcat, is there another reason people work in finance?