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How much money did you make in 2016? (1 Viewer)

How much money did you make in 2016?

  • 0 - $10,000

    Votes: 13 2.6%

  • $10,001 - $25,000

    Votes: 8 1.6%

  • $25,001 - $50,000

    Votes: 29 5.8%

  • $50,001 - $75,000

    Votes: 60 12.1%

  • $75,001 - $100,000

    Votes: 80 16.1%

  • $100,001 - $150,000

    Votes: 131 26.4%

  • $150,001 - $200,000

    Votes: 72 14.5%

  • $200,001 - $250,000

    Votes: 36 7.3%

  • $250,001 - $300,000

    Votes: 9 1.8%

  • $300,001 - $500,000

    Votes: 27 5.4%

  • $500,001 - $750,000

    Votes: 6 1.2%

  • $750,001 - $1 million

    Votes: 1 0.2%

  • $1 million - 2 million

    Votes: 7 1.4%

  • $2 million - 5 million

    Votes: 1 0.2%

  • $5 million +

    Votes: 16 3.2%
  • Total voters
    496
Otis said:
We could have a really complex formula, like a QB Rating, except it would be FBG Rating. 

:popcorn:
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We would probably need to include I.Q., penile heft (a length and girth figure -average volume both flaccid and angry), original member number, warning points, and who knows what else.  Do you have an intern we can get on this?

 
El Floppo said:
**** ALERT *** 

**** ALERT ***

Architects make #### all. 

don't know how many times I had to make the comment about the decimal point.... I really thought this was a given.

and fwiw- as an employee/contractor... I do about as well as anybody I know here in NYC. still living hand to mouth as the sole breadwinner of a family of four.
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:lmao:

:fishing:

 
kutta said:
Phoenix. Software and aerospace engineers. The vast majority of our folks make between $120k and $150k.
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Ah yes.  That makes sense.  I was thinking more like mechanical, electrical engineers and the like.  Does your company pay higher than average wages or basically industry average?  Just curious, you obviously don't have to answer if that's some kind of industry secret.  I'll still dig you for the rad polo alone!

 
Otis said:
I want to hear more about the guys who don't have to work and have rich wives. 

:popcorn:  
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My wife used to make 3 times what I do, but now it's only about double what I make.  So now I get to be on top 1/2 of the time!!!

 
AAABatteries said:
I don't find that interesting because if I was actually making that much scratch I'd be letting people know about it - and yes, I'm assuming most (or all) are lying.

I do find it interesting so many are willing to give details on their salary.  Maybe because I've worked so long in "Corporate America" but we pretty much never discuss our salaries.  My kids don't even know how much I make - I wish my wife didn't.   :kicksrock:
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That's probably why we don't mind talking about.  Salary info is so taboo in our everyday setting that it's kind of cool to be able to compare yourself on a magic football board.  And the fascination with Oats is that he documents a lot of his various gambling, house hunting, car shopping, multiple nanny, house fixing, yard working adventures so it's fascinating to think of what kind of income supports all that.  Plus he's a big **** swinging, New York City attorney.  TVs shows are made about those kind of guys. 

I for one am glad we have Otis providing a lot of good natured, everyday color to this board.  He deals with stuff like we all do but he puts a lot of it out there for our entertainment.  Keep it up Oats.  :thumbup:

 
James Daulton said:
That's probably why we don't mind talking about.  Salary info is so taboo in our everyday setting that it's kind of cool to be able to compare yourself on a magic football board.  And the fascination with Oats is that he documents a lot of his various gambling, house hunting, car shopping, multiple nanny, house fixing, yard working adventures so it's fascinating to think of what kind of income supports all that.  Plus he's a big **** swinging, New York City attorney.  TVs shows are made about those kind of guys. 

I for one am glad we have Otis providing a lot of good natured, everyday color to this board.  He deals with stuff like we all do but he puts a lot of it out there for our entertainment.  Keep it up Oats.  :thumbup:
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Agreed. Otis is good for us regular dudes in flyover country. 

 
I'm bringing in just under $50K/yr and my wife is just under that.  We do fine in here in Southwest Missouri.  It's plenty to cover kids, 2 cars & a decent (<10 yrs old) 4 bed/2 bath house.  Not a lot getting put away for future, but enough for now that we don't feel like we are going to be in trouble.

 
Entry level engineers at Google/FB easily clear $150k (the top ones) - the best tech companies want to bring in the best talent at a young age, and they pay them to do this.

 
Otis, while you're at it can you post a net worth poll also..  because what you make is mostly irrelevant,  net worth is the only statistic that matters

 
fantasycurse42 said:
I don't think my wife has a clue, I actually think that's worse. 
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At the end of the calendar year my company sends out a compensation statement which adds up everything the company has given me as an employee over the past year (wages, benefits, 401k match, and any other compensation). I show this to my wife thinking she'd be impressed, but I don't think she fully understands. 

 
avoiding injuries said:
At the end of the calendar year my company sends out a compensation statement which adds up everything the company has given me as an employee over the past year (wages, benefits, 401k match, and any other compensation). I show this to my wife thinking she'd be impressed, but I don't think she fully understands. 
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This is true..  simple salary is a big part of the equation.. but health care benefits can be massive.. and 401k matches can be massive.

Or things such as your work paying for you and your wife's cell phones,  or toothbrushes, or toothpaste, or floss, or toilet paper, or using the trash bin at work for your trash,  or not having to pay for coffee because work buys it, or using the points from the company credit card to purchase your flights and hotel room on your summer Vegas trip,  or... well you get the point.

 
Dentist said:
Otis, while you're at it can you post a net worth poll also..  because what you make is mostly irrelevant,  net worth is the only statistic that matters
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Don't think I agree. I mean later in life, yes. But a high earner early in their career may be paying down debt, saving for a house etc. Eventually it will start to accrue and compound. 

 
mr roboto said:
Don't think I agree. I mean later in life, yes. But a high earner early in their career may be paying down debt, saving for a house etc. Eventually it will start to accrue and compound. 
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Fair point.  Income means something every year..  net worth would be completely qualified by age.

I mean I'd definitely rather be 25 with zero net worth and a 400K income that is going to be reliable or increase moving forward than a 55 y.o. worth 2 million but who's salary is only 80k.

So I agree.   the poll would have to be net worth broken up in to decades of life, and get complicated, and is just a bad idea.. 

 
This was my first job fresh out of college, started at 40k/yr no bonus 4 years ago.  Making 75k + 10% bonus, but got a double bonus this year.  With 401k match and HSA match my primary job will be around ~95k this year. Doing DevOps for an IT department.

Started a company with a few friends, where we are automating Medical Billing, we've got only got one client, but going to get an extra ~6k each at end of year. Hopefully now that we've got a proof of concept we can steam roll that into a ton of new clients.

2016 will be my first year breaking the 6 figures mark by myself.

 
fantasycurse42 said:
$14,400 isn't massive - my company matches 4% (max match) for the 5% I put in. 

Not going to complain, it is def nice to have, but massive? 
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your match is 14.4k and that isn't a lot to you?

I get matched up to 4% of total salary..  while that's considerably less than 14.4K and I think that's a heck of a nice bonus

 
Dentist said:
your match is 14.4k and that isn't a lot to you?

I get matched up to 4% of total salary..  while that's considerably less than 14.4K and I think that's a heck of a nice bonus
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I'm happy with it and as mentioned and will not complain, but the term massive is a little stretched IMO

 
James Daulton said:
Ah yes.  That makes sense.  I was thinking more like mechanical, electrical engineers and the like.  Does your company pay higher than average wages or basically industry average?  Just curious, you obviously don't have to answer if that's some kind of industry secret.  I'll still dig you for the rad polo alone!
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We pay a little above average for our area, and we have a lot of older engineers who have been around awhile, so it skews our avaerage upwards.

 
ditka...mike ditka said:
I fall in the same boat, but I get quarterly bonuses and last year I set it up so that I would max it when my bonus hit Jan 31.  Figured get my money in the market as quick as possible.  Is there a reason you dont subscribe to this?
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Yes, of course there is a reason if you fall in the same boat:

Hypothetically your bonus is $75k on 1/31 - you put your contribution at 24% just to max at the beginning of the year and your employer is matching at the same rate as mine (5 to 4), you'll see a match of $3k and then you're done. 

If you received that same $75k every quarter along with salary at 5% contribution, you'll get the match all the way up to max contribution. 

 
fantasycurse42 said:
Yes, of course there is a reason if you fall in the same boat:

Hypothetically your bonus is $75k on 1/31 - you put your contribution at 24% just to max at the beginning of the year and your employer is matching at the same rate as mine (5 to 4), you'll see a match of $3k and then you're done. 

If you received that same $75k every quarter along with salary at 5% contribution, you'll get the match all the way up to max contribution. 
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I may not have been very clear.  My main question is why dont you up your 5% to get it in quicker?  I see you post in a lot of financial threads, so just assumed youd want our money in the market (at least the markets of the last few years) as quickly as possible.  Their match is the same whether you do it right away, or throughout the year, so I figure the sooner the better.

 
ditka...mike ditka said:
I may not have been very clear.  My main question is why dont you up your 5% to get it in quicker?  I see you post in a lot of financial threads, so just assumed youd want our money in the market (at least the markets of the last few years) as quickly as possible.  Their match is the same whether you do it right away, or throughout the year, so I figure the sooner the better.
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Hypothetical:

Income $500k - 10%, company matches 4% to your 5%, but no more, anything over 5% doesn't get matched. Pretend it is all salary for the sake of this scenario - $19,230 per paycheck, at 10% you're putting in $1,923 per period, company is putting in $769 at 4% - After a little over 9 paychecks you are maxed at $18k, while the match is only $6,921.

Income $500k - 5% contribution, same rules as above - $961.5 per paycheck with the same match of $769 - it'll take almost 19 checks to max while receiving the full match - if you can max at a minimum number out of your check to get the full contribution from your employer, you'll get more matched. 

 
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fantasycurse42 said:
I'm happy with it and as mentioned and will not complain, but the term massive is a little stretched IMO
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Well to most people,  even putting 14,400 into their 401k would be bigtime.

To get 14,400 as matching dollars is pretty rarefied air...  to 97% of the population, that's a massive match.

I consider that a massive match.   I might get matched around 8-9k and I think that's massive and while I"m no 1%er,  I'm certainly a top 10%er

 
fantasycurse42 said:
Hypothetical:

Income $500k - 10%, company matches 4% to your 5%, but no more, anything over 5% doesn't get matched. Pretend it is all salary for the sake of this scenario - $19,230 per paycheck, at 10% you're putting in $1,923 per period, company is putting in $769 at 4% - After a little over 9 paychecks you are maxed at $18k, while the match is only $6,921.

Income $500k - 5% contribution, same rules as above - $961.5 per paycheck with the same match of $769 - it'll take almost 19 checks to max while receiving the full match - if you can max at a minimum number out of your check to get the full contribution from your employer, you'll get more matched. 
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Wait, when I'm talking about a match I'm talking I put in the full 18K and then they match my 8-9k on top of that, so I get 25-26k a year in.   This seems way different than what you're talking about.   Matches generally have no bearing on the maximum you can put in.

 
Dentist said:
Wait, when I'm talking about a match I'm talking I put in the full 18K and then they match my 8-9k on top of that, so I get 25-26k a year in.   This seems way different than what you're talking about.   Matches generally have no bearing on the maximum you can put in.
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If you max out your contribution in July, the company can no longer match on your % that you contribute because you no longer can contribute.

I get quarterly "bonuses" and have to make sure I leave enough on the table to not lose out later in the year.

 
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Ditkaless Wonders said:
We would probably need to include I.Q., penile heft (a length and girth figure -average volume both flaccid and angry), original member number, warning points, and who knows what else.  Do you have an intern we can get on this?
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I'm trying.  They're so busy.  I'm not sure I have the bandwidth until after the diligence on the FFA purchase is completed.  

Also need to add height, weight, and wingspan.  Obviously.  

 
Gotcha didn't realize there was a limit you could put in your 401k, I guess because I haven't reached it.  I contribute 9% and my company matches up to 4%

 
xulf said:
If you max out your contribution in July, the company can no longer match on your % that you contribute because you no longer can contribute.

I get quarterly "bonuses" and have to make sure I leave enough on the table to not lose out later in the year.
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This.

To make the most of a 401k, ideally you either A) max it with the minimum contribution needed to get the maximum match from your employer (usually a higher income earner) or B) max it on your last paycheck of the year, while distributing evenly throughout the year.

 
fantasycurse42 said:
This.

To make the most of a 401k, ideally you either A) max it with the minimum contribution needed to get the maximum match from your employer (usually a higher income earner) or B) max it on your last paycheck of the year, while distributing evenly throughout the year.
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So strange. We just had this discussion today at work because we are changing 401K plans. The guy was explaining this exact scenario.

We match dollar for dollar up to the first 5% you put in. So anyone who puts in more than 5% per pay period and maxes out their contribution ($18,000) before the end of the year, is leaving free money on the table.

 
fantasycurse42 said:
Hypothetical:

Income $500k - 10%, company matches 4% to your 5%, but no more, anything over 5% doesn't get matched. Pretend it is all salary for the sake of this scenario - $19,230 per paycheck, at 10% you're putting in $1,923 per period, company is putting in $769 at 4% - After a little over 9 paychecks you are maxed at $18k, while the match is only $6,921.

Income $500k - 5% contribution, same rules as above - $961.5 per paycheck with the same match of $769 - it'll take almost 19 checks to max while receiving the full match - if you can max at a minimum number out of your check to get the full contribution from your employer, you'll get more matched. 
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Gotcha, Thanks.   I am at a private firm that does profit sharing and they just make one deposit into my account each February, so never really thought about it since didnt affect me.  I was just thinking they would match 5% of 18k.  Glad I stumbled across this as if I ever leave ill have to pay attention!

 
shadyridr said:
Gotcha didn't realize there was a limit you could put in your 401k, I guess because I haven't reached it.  I contribute 9% and my company matches up to 4%
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My company limits what they deem as high income earners to only being able to contribute 4% of our earnings to a 401K.  However, they do have a deferred compensation plan we can pay into and that comes with a healthy match as well.

 
kutta said:
So strange. We just had this discussion today at work because we are changing 401K plans. The guy was explaining this exact scenario.

We match dollar for dollar up to the first 5% you put in. So anyone who puts in more than 5% per pay period and maxes out their contribution ($18,000) before the end of the year, is leaving free money on the table.
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I wonder if this stuff varies by company.  I know someone at mine who claim that it gets trued up.  I don't risk it personally.

 
My friend just got a dividend from his company.  The distribution to his checking account was ~$27mm--tax free.  The total dividend was $75mm but most stayed within the company because of tax reasons.  

That's a nice day.

 
chet said:
My friend just got a dividend from his company.  The distribution to his checking account was ~$27mm--tax free.  The total dividend was $75mm but most stayed within the company because of tax reasons.  

That's a nice day.
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Why work another day in your life?  I'd never be able to spend it.  Everyone I care about in the world would be secure forever.

 
Otis said:
Why work another day in your life?  I'd never be able to spend it.  Everyone I care about in the world would be secure forever.
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because theres always more Otis.   Always.    Its just a matter if you want to work some more to get it

 
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