Money Matters
Mama-Bear
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Splitting hairs - retirment savings - net/gross
If you're investing a specific percentage for retirement, do you base your percentage off of your net or gross income?
GSx1 - 05/13/2013
Re: Splitting hairs - retirment savings - net/gross
Gross = Before tax and other deductions.
Net = After taxes, etc.
This is a weird way to remember it, but it works for me. The word "gross" makes me think of the word "big" for some reason. Like a "BIG GROSS ______ (fill in the blank { I use the word "booger"} LOL. )."
The word "big" makes me think of what a paycheck looks like before Uncle Sam takes out taxes...therefore GROSS = BIG = Before taxes.
Our retirement savings are based off the Gross Amount of income.
Thanks! I know that's really something I should be able to remember- hopefully this time I will.