http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/comment-page-1/#comment-15050 Prasanth Thu, 14 Jun 2007 16:15:35 +0000 http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/#comment-15050 I don't have a 401K but i do adjust my spending and saving categories by the amount of raise i get - i posted about it a week back. This way my spending amounts get adjusted upwards to partly keep up with inflation. I don’t have a 401K but i do adjust my spending and saving categories by the amount of raise i get – i posted about it a week back. This way my spending amounts get adjusted upwards to partly keep up with inflation.

]]> http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/comment-page-1/#comment-15045 bluntmoney Thu, 14 Jun 2007 13:20:17 +0000 http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/#comment-15045 Well, of course it does depend on a person's situation. I just feel like retirement gets overlooked so often, and this is a painless way to change that, while presumably people would still be doing what they were doing before to pay off debt. This would be especially effective for people who get a company match on a 401(k) that is greater than the interest they would be paying on debt. Well, of course it does depend on a person’s situation. I just feel like retirement gets overlooked so often, and this is a painless way to change that, while presumably people would still be doing what they were doing before to pay off debt. This would be especially effective for people who get a company match on a 401(k) that is greater than the interest they would be paying on debt.

]]> http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/comment-page-1/#comment-15038 broknowrchlatr Thu, 14 Jun 2007 10:47:49 +0000 http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/#comment-15038 Funny, I just got a raise yesterday. It ammounts to 5.01% of my base salary. Having maxed out my retirement savings (401k, IRAs, HSA), I am going to saving it for buying a new house. Funny, I just got a raise yesterday. It ammounts to 5.01% of my base salary. Having maxed out my retirement savings (401k, IRAs, HSA), I am going to saving it for buying a new house.

]]> http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/comment-page-1/#comment-15026 Christian Finance Thu, 14 Jun 2007 04:40:10 +0000 http://www.bluntmoney.com/what-to-do-when-you-get-a-raise/#comment-15026 Good advice, but I would change the order of retirement and paying down debt. I would put more emphasis on paying down debt than saving for retirement because what good is a nice retirement full of debt? However the extra contribution to the 401k will lower your taxable income which is nice. So I would split the raise to retirement accounts and debt reduction to get both benefits! Good advice, but I would change the order of retirement and paying down debt. I would put more emphasis on paying down debt than saving for retirement because what good is a nice retirement full of debt? However the extra contribution to the 401k will lower your taxable income which is nice. So I would split the raise to retirement accounts and debt reduction to get both benefits!

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