re: Take benefits or increase in hourly pay

Thanks!

If you're still on parents insurance, and still living at home, take the 6.00. You'll get pto anyway if you're full time and you can start a 401k yourself at a place like fidelity. At 22 stack your paper so you can get your own place man.

Do you do the Roth 401k or the tax deferred?

It's pretty easy to do the math


6 an hour on a regular work week is about 12,500 a year

So price out the benefits they are offering and see what they are worth

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If you're still on parents insurance, and still living at home, take the 6.00. You'll get pto anyway if you're full time and you can start a 401k yourself at a place like fidelity. At 22 stack your paper so you can get your own place man.

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100% agree. Just a shadow under 12k a year with that extra $6.00. Save it and in 2 years you'll have 20k plus to put down on a house.

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Six bucks an hour is about 12,000 a year. So the math. I would take benefits.

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$1,000/mo
-Private Health Insurance $200/mo (probably cheaper through Obamacare if you are in an entry level job)
-Savings $800/mo ($10k in savings at end of year)

Can someone explain to a self-employed guy what kind of benefits you are going to receive at age 22 that are better than having $10k in savings at the end of the year? (I'm not trying to be a smart arse, just want to know what I'm missing out on)