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For those that haven't retired yet, what are we doing with our bonuses and raises in 2025?
Candidly, I haven't keep a tight budget in a while, but this is also my first time getting a raise/bonus since I moved from a contractor to W2 last fall. I'm making more than I've ever made, saving a hefty percentage (approx. 60%) without sacrificing on living/travel/experiences. Kind of just in coast mode until DD graduates in 2027 and I thought it would be interesting to see 1) is your company giving raises and/or bonuses? and 2) how are you allocating it?
I'm getting a 4% raise which comes out to $4,400. Kind of thinking about just throwing this into the employee stock purchase program. Last year I went in at 10% of my salary for the first 6 months of the year and was able to pick up 87 shares at $63/share which included a 15% discount. Its now trading at $104 and before the end of the year, I'm going to sell off my investment and just keep growing my gains. In a lot of ways this feels like just gambling, but if I can get discounted shares and resell them, it feels a little like creating my own extra bonus.
My bonus is 10%. Figure after taxes it will be right around the Roth max contribution and I hadn't contributed yet for this year because I didn't have many write offs on my rentals this year and I was waiting to see if I'd be over the income limit but I don't think I will be so I think I'll just toss that in my Roth and consider it spent. With early retirement looming, I'm really getting anxious about socking away as much as possible even though just sticking to the plan will be more than sufficient.
Please tell me some of you are doing something more fun than buying stocks and index funds
Candidly, I haven't keep a tight budget in a while, but this is also my first time getting a raise/bonus since I moved from a contractor to W2 last fall. I'm making more than I've ever made, saving a hefty percentage (approx. 60%) without sacrificing on living/travel/experiences. Kind of just in coast mode until DD graduates in 2027 and I thought it would be interesting to see 1) is your company giving raises and/or bonuses? and 2) how are you allocating it?
I'm getting a 4% raise which comes out to $4,400. Kind of thinking about just throwing this into the employee stock purchase program. Last year I went in at 10% of my salary for the first 6 months of the year and was able to pick up 87 shares at $63/share which included a 15% discount. Its now trading at $104 and before the end of the year, I'm going to sell off my investment and just keep growing my gains. In a lot of ways this feels like just gambling, but if I can get discounted shares and resell them, it feels a little like creating my own extra bonus.
My bonus is 10%. Figure after taxes it will be right around the Roth max contribution and I hadn't contributed yet for this year because I didn't have many write offs on my rentals this year and I was waiting to see if I'd be over the income limit but I don't think I will be so I think I'll just toss that in my Roth and consider it spent. With early retirement looming, I'm really getting anxious about socking away as much as possible even though just sticking to the plan will be more than sufficient.
Please tell me some of you are doing something more fun than buying stocks and index funds
That's awesome. Definitely a lot of scary unknowns for that community as a whole right now. Do you mind sharing what organization you're supporting? I'd love to know if there is something similar in my area.
Honestly though, I'm putting alot of my spare cash/investments toward these RE syndication deals, so I'll really just be refilling my savings & sweep accounts.
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