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.
So, if you are aged 55 in 2013, you can contribute $17,500 to your 401k plan plus an additional amount of $5,500 â totalling $23,000. Pre-tax contributions are more affordable than you think. As we mentioned earlier, only around 5 per cent of 401k plan holders maximise their contributions every year.nother way to look at it is that when you make pre-tax contributions of $17,000 to your 401(k) plan, you can save approximately $6,000 in federal and state income taxes each year.â. When working out what to contribute to your 401k plan, itâs always worth remembering that you should invest something rather than nothing.