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For high HHI earners, how certain is the upper end of the comp scale? I.E., how much is predicated on bonus, sales commission, profit share, etc. and how variable is the comp. past ~$400k (a totally arbitrary number)?
Why do I ask? I'm a sucker for wealth porn (one of many character flaws!). |
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My HHI is $650k. My salary is $200k, $400k is a bonus based on performance (P&L), and the other $50k or so is from some consulting I do.
This doesn't include interest or earnings from investments. My net worth is low 8 figures. Not sure how this information will help you but there it is. |
You know he's doing really gross things while he reads your post, right? |
| 1 Million. Stays relatively the same each year. It is partner profit, so it depends on how the firm does. No more bonuses at the partner level. This year things are looking good so it will likely be more like 1.1. But, I just paid my taxes and it always surprises me what a big chunk that takes out. Earned income is the worst way to make your money. |
That's fine as long as I don't have to watch. |
Definitely. I do far better on my investments |