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Old 12-02-2017, 06:32 PM
  #51  
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Originally Posted by AFTrainerGuy
Your saying there is a way I️ can contribute the difference between the max amount the challenge meant can contribute and what they did....

My example... $24.5k co... $29 max

I can fill in difference? Please explain. Offline if needed
I hate autocorrect

Max amount company can contribute vs what they did
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Old 12-02-2017, 07:48 PM
  #52  
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Originally Posted by AFTrainerGuy
I hate autocorrect

Max amount company can contribute vs what they did
You get $54k a yr allotted by the IRS

You can contribute $18k under IRS rules.
Company contributes 16% of your pay. Say that is $22k.

That leaves $14k remaining. You can contribute that as after tax dollars and roll that into a Roth IRA.
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Old 12-03-2017, 12:58 PM
  #53  
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Originally Posted by Name User
You get $54k a yr allotted by the IRS

You can contribute $18k under IRS rules.
Company contributes 16% of your pay. Say that is $22k.

That leaves $14k remaining. You can contribute that as after tax dollars and roll that into a Roth IRA.
Your annual combined contribution cannot exceed the annual deferral individual limit.

i.e. Traditional (pre-tax) 401k contributions + Roth (post-tax) 401k contributions cannot exceed $18,000 for 2017 ($18,500 for 2018).
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Old 12-03-2017, 01:09 PM
  #54  
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Originally Posted by windowseat
Your annual combined contribution cannot exceed the annual deferral individual limit.

i.e. Traditional (pre-tax) 401k contributions + Roth (post-tax) 401k contributions cannot exceed $18,000 for 2017 ($18,500 for 2018).
Yes, but that’s not the complete limitation.

You can contribute post tax money (if the plan allows for it) beyond the tax deferred limits in a traditional account beyond the individual tax deferred contribution limits...

https://www.nytimes.com/2015/09/23/y...ttractive.html
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Old 12-03-2017, 02:36 PM
  #55  
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Originally Posted by Otterbox
Yes, but that’s not the complete limitation.

You can contribute post tax money (if the plan allows for it) beyond the tax deferred limits in a traditional account beyond the individual tax deferred contribution limits...

https://www.nytimes.com/2015/09/23/y...ttractive.html
Thanks for info
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Old 12-03-2017, 02:39 PM
  #56  
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That’s stuff I need to get smarter on. I feel I’m behind the retirement timeline
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Old 12-03-2017, 07:21 PM
  #57  
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Originally Posted by Name User
You get $54k a yr allotted by the IRS

You can contribute $18k under IRS rules.
Company contributes 16% of your pay. Say that is $22k.

That leaves $14k remaining. You can contribute that as after tax dollars and roll that into a Roth IRA.
If you are turning 50 this year, not much left, you could add $6k, pre-tax in addition to the $18K, keep in mind for next year.
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Old 12-04-2017, 06:20 AM
  #58  
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Originally Posted by Name User
I took a $70k cut. Best decision I ever made.

I'm working with a 2011 Eagle flow now, he's a Group II CA making $250/hr. (Super nice guy BTW)

Enjoy Envoy!
This is not correct. No way.
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Old 12-04-2017, 08:41 AM
  #59  
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Originally Posted by Name User
You get $54k a yr allotted by the IRS

You can contribute $18k under IRS rules.
Company contributes 16% of your pay. Say that is $22k.

That leaves $14k remaining. You can contribute that as after tax dollars and roll that into a Roth IRA.

Originally Posted by Otterbox
Yes, but that’s not the complete limitation.

You can contribute post tax money (if the plan allows for it) beyond the tax deferred limits in a traditional account beyond the individual tax deferred contribution limits...

https://www.nytimes.com/2015/09/23/y...ttractive.html
You are correct about after-tax contributions to exceed the $18,000 limit. I was initially replying to Name User to clarify that he was not using Roth contributions and after-tax contributions interchangeably. There is in fact a difference.

Pre-tax contributions + Roth contributions cannot exceed annual $18,000 deferral limit (2017).
Pre-tax contributions + after-tax contributions can exceed $18,000 up to $54,000 (under 50 yrs old for 2017).
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Old 12-04-2017, 04:01 PM
  #60  
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Originally Posted by Name User
I took a $70k cut. Best decision I ever made.

I'm working with a 2011 Eagle flow now, he's a Group II CA making $250/hr. (Super nice guy BTW)

Enjoy Envoy!
Originally Posted by sumwherelse
This is not correct. No way.
I agree. I am in the first 2011 new hire class and none of us are even close to group 2 Captain. Still hundreds of numbers away holding group 2 Captain LGA (yeah ... )

Edit:

When did LAA start their recalls? 2011 or 2012?

Last edited by Arado 234; 12-04-2017 at 04:19 PM.
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