It may be less than you think! For example: If you earn $15 per hour and work 40 hours in a week, 3% would equal about $18 per week. If you are in a federal tax bracket of 12%, this might only reduce your take-home pay by about $16 per paycheck. Is there something in your spending habits that you can change to save a little more into your HCA Healthcare 401(k) Plan?
Our Retirement Savings Coaches will be happy to help you calculate your deferral amount based on a percentage of your pay. The impact of your pre-tax contribution on your take-home pay may be difficult to calculate precisely.
Retirement Savings Coaches are available from 9:00 a.m. to 6:00 p.m. Eastern Standard Time (EST) except for holidays. You may click here to schedule a 15-minute interactive session with a Retirement Savings Coach or you may chat or call (877) 399-0037.
Please note that Retirement Savings Coaches are not tax professionals and do not give tax advice.
Remotiv is not affiliated with HCA Healthcare and is a private company hired to provide independent investment education. All responses are intended to be educational in nature and should not be considered advice.