How to read a paycheck and pick benefits

1. 01Decode the pay stubGross pay, taxes, retirement contributions, insurance premiums, then net pay. Verify your hourly rate, hours, and deductions each period.
2. 02Take the retirement matchContribute at least enough to get the full employer match. It's an instant guaranteed return.
3. 03Choose health coverage on total costPremium + deductible + expected visits + out-of-pocket maximum. A high-deductible plan wins in low-usage years and loses in surgery years.
4. 04Use the extrasPre-tax spending accounts, disability coverage, employee assistance programs, tuition reimbursement, and free life insurance are commonly left on the table.
5. 05Set beneficiariesRetirement and life insurance ask who inherits. Fill it in — this overrides your will.

General educational information, not legal, tax, medical, or financial advice. Rules vary by country and change over time — verify with a qualified professional before acting.