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.
Today I want to provide slightly more tactical advice. As a percentage of your income, how much should you contribute to your 401(k)? If youâre in debt? If you can also do a Roth IRA? If your employer does not match funds? The two fundamental rules of retirement savings. Here are two rules that will apply to almost everyone: 1  If your employer matches 401(k) funds, contribute enough to get the full match. 2  Next, if you can contribute to a Roth IRA, work on contributing the full $5,500 a year to that account before you contribute any extra to your 401(k) (aside from whatâs necessary to get the employer match). This will give you a nice cushion of tax-free cash in retirement.