- #36
Punkyc7
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jk said:For entry level? I seriously doubt it
I know some one you got 95,000 plus 20,00 stock and full benefits. It just depends on where you work and for what company.
jk said:For entry level? I seriously doubt it
Punkyc7 said:I know some one you got 95,000 plus 20,00 stock and full benefits. It just depends on where you work and for what company.
Punkyc7 said:I know some one you got 95,000 plus 20,00 stock and full benefits. It just depends on where you work and for what company.
The salary looks good for a starting salary. Charlotte has UNC-Charlotte, so that's a possibility.trickslapper said:I've never heard of anyone making that much money out of undergraduate from where I'm from.
In other news... does anyone know if it's a good idea to get a 401k AND an HSA? I just got my benefits paperwork and it's a little overwhelming.
Astronuc said:The salary looks good for a starting salary. Charlotte has UNC-Charlotte, so that's a possibility.
If one does not need the money now, it is good to start saving for retirement as soon as one can. These days a 401K is standard, as opposed to a pension. HSAs are OK to cover deductibles, and some health plans have high deductibles and out of pocket expenses, for which one can use the HSA. An HSA simply deducts money, pretax, and one can then use it for medical expenses. If it rolls over and accumulates, that's good, as opposed to a FSA, in which one loses funds not spent.
http://en.wikipedia.org/wiki/Health_savings_account
trickslapper said:Everything i have read about HSAs has confused me. People say to use it as a 401k but, it's a medical expenses account.
Why don't people have a 401k for their retirement and the HSA for medical expenses?
Astronuc said:The salary looks good for a starting salary. Charlotte has UNC-Charlotte, so that's a possibility.
If one does not need the money now, it is good to start saving for retirement as soon as one can.
jk said:If you're young and healthy, you usually don't need to put much into your HSA account. Just enough to cover the cost of annual checkups, glasses, prescriptions etc. Whatever money you don't spend by the end of the year is usually forfeited.
trickslapper said:Why don't people have a 401k for their retirement and the HSA for medical expenses?
Locrian said:Some people do have a 401(k) for retirement savings and an HSA for medical expenses. If you go this route, I would use them for those purposes. Note that some people use the HSA as a savings account due to its tax advantages, but I would be surprised if you had enough money left over that this would be a good idea, and would generally advise against it anyways, for a variety of reasons.
An HSA with a high deductible plan is a great deal for a young person. However, you need to be responsible enough to put money away (in the HSA, for instance) to cover the high deductible, copays and coinsurance that would be required in a catastrophic incident. If you don't think you can do that, sign up for a more comprehensive health plan.
The benefit of HSAs or FSAs is that the money is taken pre-tax, to it reduces one's taxable income, and the tax that one pays in that year. The HSA is beneficial since it accumulates, i.e., one doesn't lose it. It's better if it does not have to be used. Ideally, it would accumulate until one needs it for a serious illness, or if one were to get married and have children, which can cost a lot, and eventually when one retires in 45-50 years, although I'm not sure how HSAs carry over if one leaves a company.trickslapper said:So how do the people who use the HSA as a savings account pay for their medical expenses until their deductible is reached? Out of pocket?
It is better to take advantage of any amount that the company matches.Isn't it a better idea to take advantage of the n% contribution that a company offers for a 401k instead of using the HSA as a "401k"?
Yes - it is overwhelming, but it's part of the modern business world.To be honest I'm a little overwhelmed with all of this. I just received a bunch of paperwork (i have a pdf with over 300 pages that describes all the benefits) from my company and I've never had to think about this sort of stuff. Good news is i have a whole month to read up and make good decisions.
trickslapper said:Isn't it a better idea to take advantage of the n% contribution that a company offers for a 401k instead of using the HSA as a "401k"?
To be honest I'm a little overwhelmed with all of this. I just received a bunch of paperwork (i have a pdf with over 300 pages that describes all the benefits) from my company and I've never had to think about this sort of stuff. Good news is i have a whole month to read up and make good decisions.
The answer to this question depends on a variety of factors, including location, experience, and the specific job responsibilities. It is important to research the average salary for software developers in your area and consider your own qualifications before determining if a salary is good or not.
The average salary for a software developer varies depending on location and experience. According to the Bureau of Labor Statistics, the median annual wage for software developers in the United States was $110,140 in May 2020.
To determine how your salary compares to other software developers, it is important to research the average salary for your specific location and level of experience. You can also use online resources such as Glassdoor or Payscale to compare your salary to others in your field.
Yes, it is possible to negotiate for a higher salary as a software developer. It is important to do your research and have a clear understanding of your value and the market rate for your skills. You can also highlight your experience and qualifications during the negotiation process.
In addition to salary, there are other benefits that you should consider when evaluating a job offer as a software developer. These may include health insurance, retirement plans, vacation time, and opportunities for professional development and growth. It is important to weigh all of these factors when determining if a job offer is a good fit for you.