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I had a salary discussion with HR from Barclays , according to the break up we discussed it’s only HRA , basics and flexi benefits and employer contribution to PF and gratuity taken care by Barclays. Does it mean the salary would be HRA + basic + flexi benefits / 12 ?
No other deductions? Not even Employee PF contribution?Barclays Barclays
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Can we add dependants on insurance portal now?
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How is it that every year I owe taxes
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Rising Star
This is asked quite often - do a search on this and the FIRE forums and there are many detailed responses 😊
You two are so kind, this is just cute to even read
I see it as a call on future tax rates. You pay now or in the future. Hopefully you’ll be in a higher tax rate in retirement than as a senior consultant so a Roth might make more sense.
For me I expect tax rates in general to go higher in the coming decades and likely become more progressive. So I’m fine laying taxes now. I also have a lot of other tax defections so contributions to a traditional 401k don’t give me that much juice.
Do it while you earn underneath the Roth IRA income limit. one you start doing backdoor Roth IRA, your marginal rates are high enough that you should be doing traditional 401k.
Max 401k, Roth, HSA and consider these as monthly expenses and you'll automatically be living below your means
Pro
Lol this did not even remotely answer OP’s question