Dunno how the US IRA system works, but in Australia 9% of your wage is automatically deducted and paid into your superannuation fund. I pay an extra 11% on that so I can build my little nest egg quicker. You also get taxed at a lower rate if the money's in a a superfund which is nice.
It doesn't apply for me, but we also have a system in which the Government will pay $1.00 for each $1.00 contributed up to a maximum of $1,000 and is reduced by 5 cents for each dollar of your income above $31,920cutting out at $61,920. While it's not super-huge, it's still not bad if you're a low to middle income earner.
Dunno how the US IRA system works, but in Australia 9% of your wage is automatically deducted and paid into your superannuation fund. I pay an extra 11% on that so I can build my little nest egg quicker. You also get taxed at a lower rate if the money's in a a superfund which is nice.
The "Social Security tax" (FICA) is usually about 6% (it's adjusted for consumer prices on a year-to-year basis) of the first $106,000 or so you earn, though this year there is a tax holiday and the rate is only 4.2%. Upon retirement after the age of 65 or permanent disability, the government sends you a check every month.
Outside of that, there's a complicated series investments you can choose from. Usually what you pick depends on what tax benefits you want to take advantage of. Many full-time jobs offer "401(k) matching", where the company will match an employee's contribution to the fund (which is in the stock market) up to a certain amount per year. 401(k) refers to the section of the tax code the fund is in - most people have their 401(k) funds contributed pre-tax, which means that disbursements are taxed when you withdraw the funds (because you will presumably be earning less when you retire), however, the interest earned by the funds is never taxed. Since the company matches some portion of your contributions, people generally use these even if they still end up paying taxes on them after retirement.
Past that, you can then make contributions to other types of IRAs, depending on how you want to deal with the tax consequences. The two most common are traditional and Roth IRAs. The former uses pretax funds like a 401(k), and so withdrawals are subject to taxation. The latter uses after-tax dollars, so disbursements are not taxable, however, there is a limit to how much you can contribute per year.
Anyway, that's the very basic version of the US retirement funds. It's pretty complicated and is not without its controversies.
That last sentence may be the understatement of the year.
I'm glad I came in an hour early to set up for a meeting that was supposed to start 15 minutes ago but no one is here.
Just stare at the motivational poster of the kitty hangin' in there for a moment, and then get back to work
At the moment I have no work to do and no one else is in. I think I'll take this time to let my recruiter know she needs to find me a replacement because I'm leaving for Habitat, my dream job of bringing down property values around the country.
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HunterChemist with a heart of AuRegistered Userregular
I'm glad I came in an hour early to set up for a meeting that was supposed to start 15 minutes ago but no one is here.
Just stare at the motivational poster of the kitty hangin' in there for a moment, and then get back to work
At the moment I have no work to do and no one else is in. I think I'll take this time to let my recruiter know she needs to find me a replacement because I'm leaving for Habitat, my dream job of bringing down property values around the country.
People either complain because they think it's free homes for the "lazy" or because they're not free homes & you have to prove you can afford the home to get one.
Well there is a minimum and maximum limit. For instance, a family making more than $60,000 probably wouldn't qualify, and neither will someone on disability ( I don't think ). You also have to be willing to volunteer your time to help build your house and other people's houses in the future.
People on welfare get section 8 housing, which is pretty fucking destitute, let me tell you. Having witnessed it first hand.
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
In Boston we had really bad section 8 and really nice section 8. I lived a block away from one of the nice ones for 2 years without realizing it wasn't just a regular complex. I imagine the families there were very relieved to be there and not in one of the ones in Dorchester or Mattapan.
It's pretty terrible how people on disability and welfare live. Then they try and take away their welfare if someone from the family gives them a ride to a doctor's office, or gives them money to buy some milk and fucking cereal.
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
the best thing about me moving out of the Production dept is how silently and impotently mad my boss is about it, and there's no one he can really yell at about it.
"Dan you were an hour late from lunch"
"Oh, yeah, I was the The CEO, CFO, and the VPs of Sales and Marketing at lunch at the nearby country club, lost track of time, sorry
8-)"
SH did you see my post last thread re:not having retarded Excel catalogs?
When the housing market here in town died they opened up a number of complexes/housing communities to Section 8. So many of them were so poorly maintained
edit: I did! I took a look at that add-on, and if/when I can ever dedicate the time to it, the Pro version sounds perfect since Dynamics GP runs on a SQL database anyway so I could plug it directly in to pull out pricing and part names.
It would, however, require I work with our 'art department' (the CEO's daughter who 'does the photoshop good' but has absolutely no goddamn ability to organize any of the stuff she edits/creates. Basically she just cleans up the images and we've been sending our stuff to an outside design shop who does all the layout and formatting. I would have love to have seen their faces the first time someone here emailed them our excel file catalog and said 'print this')
When the housing market here in town died they opened up a number of complexes/housing communities to Section 8. So many of them were so poorly maintained
edit: I did! I took a look at that add-on, and if/when I can ever dedicate the time to it, the Pro version sounds perfect since Dynamics GP runs on a SQL database anyway so I could plug it directly in to pull out pricing and part names.
It would, however, require I work with our 'art department' (the CEO's daughter who 'does the photoshop good' but has absolutely no goddamn ability to organize any of the stuff she edits/creates. Basically she just cleans up the images and we've been sending our stuff to an outside design shop who does all the layout and formatting. I would have love to have seen their faces the first time someone here emailed them our excel file catalog and said 'print this')
Yessss, I managed to turn my research on that into something useful for someone at least.
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DepressperadoI just wanted to see you laughingin the pizza rainRegistered Userregular
You mean in the UK? Because we are used to people sneaking in here, especially in London, and trying to get a secret job without having the correct visa. It is why we have checks. And your lack of European accent would have been a warning light. In fact, if you were Polish you might have got away with it easier because of members of the EU jumping about all over the place to work is pretty normal. But you are not European.
Now show the man by surfing the internet until work starts then go take a shit on the companies dime.
this is every day of my week.
It's really great because it saves a ton on toilet paper. Toilet paper expense was my nondisclosed compensation during my interview. And if I can deal with the pain of holding it all weekend, as a guy, I can drop my toilet paper usage down to near 0.
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
So I got a job interview later today at this neat little upscale kitchen restaurant/wine cellar place. It's not exactly what I wanted, but I won't have to do server duty and at least i'll get paid a steady hour rate. If I can get at least $9/hr out of it i'll take it for now. As long as I have something to help pay the bills, I can be a little patient while I look for something else.
I met with Cogliostro and he gave me a really good lead on what I should be looking for. He works at a hospital around the area and told me about the Dispatch Center work. All you do is take emergency phone calls and read from a computer monitor on what to do depending on the call nature.
The hours can be long (6 AM to 6 PM, or if you're unlucky, 6 PM to 6 AM), but the pay is around $14-$15/hr, and there's a fair amount of overtime rates so i'd be more than willing to do that. This is the kind of thing i'd need in order to save enough cash for school this January, so this is something i'd see more as a long-term prospect to shoot for.
I also applied to a few hospitals for their more general work jobs offered.
At work we're trying to get people to use our new ticketing system. (previously it was just a google form, before that.. nothing).
It's proving to be a little tricky, which was expected.
I got called rude!
Rejected a ticket cause the subject was just one word. Told him as much in the response and over IM (he was wondering why it was rejected). He made a new ticket and cc'ed my boss and his boss on it.
I responded by merging the new ticket with the old one. 8-)
Ugh I hate people that are not willing to learn a new system. Even when that new system is to their benefit.
Like we have lab people here complaining about having to double check information, so they wanted a way to give them a reminder that something special needed to be done for certain lab/insurance combinations. The catch? They had to go in and set it up the first time through for each lab/insurance combination.
They'd rather get fined and chewed out than take 40 minutes out of their day (PAID) to do this.
bowen on
not a doctor, not a lawyer, examples I use may not be fully researched so don't take out of context plz, don't @ me
Posts
Oh wait! Now we have another!
Satans..... hints.....
Well maybe you shouldn't have sat on your mystery laurels.
The numbers we are dealing with are crazy big though. Significantly more than the previous record.
Satans..... hints.....
How I Met Your Mother has also taught me that you are supposed to offer them a doughnut also.
Also you have the record of most number of homes invaded by micheal moore in a single day.
Satans..... hints.....
not like, to see if it would be in my budget
I honestly was not sure if I had greater than four dollars to my name
(I did, I had seven)
Follow me on Twitter??
It doesn't apply for me, but we also have a system in which the Government will pay $1.00 for each $1.00 contributed up to a maximum of $1,000 and is reduced by 5 cents for each dollar of your income above $31,920cutting out at $61,920. While it's not super-huge, it's still not bad if you're a low to middle income earner.
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
bit.ly/2XQM1ke
bluhhhhhhhhhhhhhh.
good to have it done, though.
The "Social Security tax" (FICA) is usually about 6% (it's adjusted for consumer prices on a year-to-year basis) of the first $106,000 or so you earn, though this year there is a tax holiday and the rate is only 4.2%. Upon retirement after the age of 65 or permanent disability, the government sends you a check every month.
Outside of that, there's a complicated series investments you can choose from. Usually what you pick depends on what tax benefits you want to take advantage of. Many full-time jobs offer "401(k) matching", where the company will match an employee's contribution to the fund (which is in the stock market) up to a certain amount per year. 401(k) refers to the section of the tax code the fund is in - most people have their 401(k) funds contributed pre-tax, which means that disbursements are taxed when you withdraw the funds (because you will presumably be earning less when you retire), however, the interest earned by the funds is never taxed. Since the company matches some portion of your contributions, people generally use these even if they still end up paying taxes on them after retirement.
Past that, you can then make contributions to other types of IRAs, depending on how you want to deal with the tax consequences. The two most common are traditional and Roth IRAs. The former uses pretax funds like a 401(k), and so withdrawals are subject to taxation. The latter uses after-tax dollars, so disbursements are not taxable, however, there is a limit to how much you can contribute per year.
Anyway, that's the very basic version of the US retirement funds. It's pretty complicated and is not without its controversies.
That last sentence may be the understatement of the year.
Subtle. Kudos.
Oh well, this should hopefully be the last year for a long time I'll have to pay in at the end of the year.
PARKER, YOU'RE FIRED! <-- My comic book podcast! Satan look here!
Just stare at the motivational poster of the kitty hangin' in there for a moment, and then get back to work
Secret Satan 2013 Wishlist
Now show the man by surfing the internet until work starts then go take a shit on the companies dime.
Satans..... hints.....
At the moment I have no work to do and no one else is in. I think I'll take this time to let my recruiter know she needs to find me a replacement because I'm leaving for Habitat, my dream job of bringing down property values around the country.
Secret Satan 2013 Wishlist
Enough already, jesus christ.
Satans..... hints.....
Secret Satan 2013 Wishlist
You know, pointing out that poor people are criminals.
Satans..... hints.....
I did just this!
People on welfare get section 8 housing, which is pretty fucking destitute, let me tell you. Having witnessed it first hand.
How would you rate it on a scale of 1 to 100% white?
Like % of non-white people living there? My area is predominantly white to begin with so I'm not sure how much that would help you?
SH did you see my post last thread re:not having retarded Excel catalogs?
edit: I did! I took a look at that add-on, and if/when I can ever dedicate the time to it, the Pro version sounds perfect since Dynamics GP runs on a SQL database anyway so I could plug it directly in to pull out pricing and part names.
It would, however, require I work with our 'art department' (the CEO's daughter who 'does the photoshop good' but has absolutely no goddamn ability to organize any of the stuff she edits/creates. Basically she just cleans up the images and we've been sending our stuff to an outside design shop who does all the layout and formatting. I would have love to have seen their faces the first time someone here emailed them our excel file catalog and said 'print this')
Yessss, I managed to turn my research on that into something useful for someone at least.
this is every day of my week.
You mean in the UK? Because we are used to people sneaking in here, especially in London, and trying to get a secret job without having the correct visa. It is why we have checks. And your lack of European accent would have been a warning light. In fact, if you were Polish you might have got away with it easier because of members of the EU jumping about all over the place to work is pretty normal. But you are not European.
It's really great because it saves a ton on toilet paper. Toilet paper expense was my nondisclosed compensation during my interview. And if I can deal with the pain of holding it all weekend, as a guy, I can drop my toilet paper usage down to near 0.
I met with Cogliostro and he gave me a really good lead on what I should be looking for. He works at a hospital around the area and told me about the Dispatch Center work. All you do is take emergency phone calls and read from a computer monitor on what to do depending on the call nature.
The hours can be long (6 AM to 6 PM, or if you're unlucky, 6 PM to 6 AM), but the pay is around $14-$15/hr, and there's a fair amount of overtime rates so i'd be more than willing to do that. This is the kind of thing i'd need in order to save enough cash for school this January, so this is something i'd see more as a long-term prospect to shoot for.
I also applied to a few hospitals for their more general work jobs offered.
At work we're trying to get people to use our new ticketing system. (previously it was just a google form, before that.. nothing).
It's proving to be a little tricky, which was expected.
I got called rude!
Rejected a ticket cause the subject was just one word. Told him as much in the response and over IM (he was wondering why it was rejected). He made a new ticket and cc'ed my boss and his boss on it.
I responded by merging the new ticket with the old one. 8-)
Like we have lab people here complaining about having to double check information, so they wanted a way to give them a reminder that something special needed to be done for certain lab/insurance combinations. The catch? They had to go in and set it up the first time through for each lab/insurance combination.
They'd rather get fined and chewed out than take 40 minutes out of their day (PAID) to do this.
Not sure how I'd fare in the bay area.