As I mentioned last week, I hear about 2017 compensation today. The results were largely in line with what I was expecting.
Salary: $105,000 (up 24% from $85,000)
Bonus: $20,000 (up 67% from $12,000)
Total compensation: $125,000 (up 29% from $97,000)
Overall, I am extremely pleased with what this means for my overall financial goals. With this additional income, I plan to maintain my existing spending rate/lifestyle and up my savings rate dramatically.
My plan is to save my entire bonus (~$11,000 after taxes) and save the income from my raise in base salary (~$1,000 per month).