I’m out this week at the Women’s World Cup (go USA!), so we’ll do a quick, fun exercise!
Below is a picture of Major League Baseball star Andrew McCutchen’s pay stub.
What do you see wrong with the pay stub? What would you do with one paycheck of that size?
Jason Hull, CFP®, was the co-founder of Broadtree Partners, a firm that acquires $1-5MM EBITDA companies. He also was the co-founder of open source search consultancy OpenSource Connections, a premier Solr and ElasticSearch firm. He and his wife FIREd (financial independence retire early) at 46 and 45, respectively. He has a BS from the United States Military Academy at West Point and a MBA from the University of Virginia Darden Graduate School of Business.
You can read more about him in the About Page.
View Archive →
4 replies on “What Would You Do If This Pay Stub Was Yours?”
It is good to see he is planning for the future and contributing to his 401k 🙂
I’d have that baby being auto split up into 10-20 different accounts for various purposes (vacation, Christmas, kids 529s, weddings, investments, retirement/Roths (though maybe he/I wouldn’t qualify) whatever else floated my boat) and live off the remainder…
Crazy how quickly you can hit the SS cap when you’re the best all around player in baseball.
I wonder why all those states get a piece though (Illinois, Missouri, Arizona, etc. Do they really get to tax his income if he plays a series in their state/city?
I\’m Australian, so I\’m not familiar with US pay slips however after taxes and deductions he\’s not left with much considering the size of his pay check.