How Truck Drivers are Paid. In general, drivers get paid in one of three ways: by the hour, by the load, or by the mile. City deliver drivers who stay in the same town and travel the same route (like UPS drivers) are normally paid by the hour. Hourly employees may be able to earn overtime pay when work is really busy.
After you have contributed a maximum to your 401k every year, contribute at least 20% of your after tax income after 401k contribution to your savings or retirement portfolio accounts. That way, you will have potentially DOUBLE the amount in total retirement saving if your household income is $100,000 or more.he average 401k balance as of May 2015 is around $92,800 according to Fidelityâs 12 million accounts, thanks to an incredible 30% rise in the S&P 500 in 2013, followed by another 13% increase in the S&P 500 in 2014.
Retirement Age. If you withdraw money from your 401k before you reach age 59 1/2, you could be subject to a 10 percent penalty from the IRS, as well as ordinary income taxes on the money you take out.afe Withdrawal Rate. Once you know how much money you need to generate from your 401k, you can determine the necessary withdrawal rate and determine if you have enough in your plan to meet those expenses.