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12-04-2015, 12:01 PM

#21

seafeye

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Thread Starter

Joined APC: Dec 2007

Position: Hot tub for now

Posts: 1,203

AA 190
1) $75
2) $75
3) $86

Delta 15% match 190
1) $70
2) $70
3) $81

United 16% match 737
1) $68
2) $101
3) $117

12-06-2015, 07:10 PM

#22

squib

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Posts: 591

Quote:

Originally Posted by Name User

It's pretty common in the professional world, even other airlines.

So instead of trying to make things better, let's just accept common/past practice....

11-29-2017, 07:28 PM

#23

BeechPilot33

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Posts: 273

Who runs the 401k, Fidelity? Is there an self directed option?

11-30-2017, 02:22 AM

#24

OVBIII

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Joined APC: Apr 2015

Posts: 339

Beech,

Fidelity does run the 401(k). As far as a self directed option, I haven’t heard. Anyone else?

11-30-2017, 04:49 AM

#25

Name User

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Posts: 3,223

You can put 95% into Brokeragelink and buy whatever you want including, I hear, Bitcoin.

11-30-2017, 06:15 AM

#26

BeechPilot33

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Posts: 273

Quote:

Originally Posted by Name User

You can put 95% into Brokeragelink and buy whatever you want including, I hear, Bitcoin.

Good deal. My buddy bought some Bitcoin and he said made a killing, I don't know much about it though.

What about Roth 401k, is there an option to dump your money into one of those or just a normal 401k.

11-30-2017, 07:33 AM

#27

Name User

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Posts: 3,223

Quote:

Originally Posted by BeechPilot33

Yes.

Also you can do an in plan conversion to a Roth IRA. IRS limits you to $54k in 401k contributions. Assuming you're young you put in $18k leaving $36,000 remaining. If you earn $150k the company gives you 16% which is $24,000 leaving $12,000 remaining. You can contribute that as after tax dollars and turn around and do an in plan conversion to your Roth IRA. This way you don't have to do the paperwork of the backdoor Roth and it's a lot cleaner.

12-01-2017, 10:09 AM

#28

Regionalsuck

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Joined APC: Apr 2017

Posts: 108

Quote:

Originally Posted by Name User

It's pretty common in the professional world, even other airlines.

First year guys can save over $23,000 into retirement their first year if they want to (401k limits + IRA limits).

Voting no 1st year pay ~$36000 + 16% ~ $42000
Voting yes 1st year pay ~$67,000

Still a complete joke. 50k paycut for a flowthrough CA from Envoy. What other profession has you take that big of a loss for “moving up”?