December 2017
Beginner
264 pages
5h 49m
English
Content preview from Getting Your First Job For Dummies
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Chapter 18
Ten (Or So) Potential Benefits Besides Salary
IN THIS CHAPTER
Understanding retirement benefits
Becoming familiar with stock plans
Knowing about perks that help you save
Your salary is only a part of your compensation. Many employers offer other ways for you to earn money or to save it. You can also avoid paying taxes on these savings, increasing the money you set aside. This is because when you save money to a pre-tax account, you aren’t paying taxes on that amount of money; instead, you’re using that money you would have paid in taxes for medical, commuter, or childcare expenses. Or you can save it for retirement.
Knowing about these perks will help you get a better grasp of your compensation package and your full earning potential. In this chapter, I offer details about some of the most commonly offered benefits.
401(k), 403(b), and 457
These employer-sponsored plans allow you to save for retirement by setting aside “pre-tax” dollars from your paycheck. This is a big advantage because these savings are not taxed as you store them away. Only when you retire do these funds get taxed — but not before many years have passed, and the power of compounding interest has ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.