Any "Latest & Greatest" about Delta?
09-26-2014, 05:52 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
09-26-2014, 05:57 AM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
You are absolutely correct about the profit sharing though. Yesterday was the last day to direct it to your 401k. If you didn't make the change yesterday then whatever percentage you normally contribute will apply to this profit sharing check also.
09-26-2014, 06:10 AM
Line Holder
Joined APC: Jun 2007
Position: 757/767 F/O
Posts: 74
The 415(c) max limits are as follows for 2014:
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
09-26-2014, 06:12 AM
Line Holder
Joined APC: Jun 2007
Position: 757/767 F/O
Posts: 74
Not the 15%. That goes to DPSP.
You are absolutely correct about the profit sharing though. Yesterday was the last day to direct it to your 401k. If you didn't make the change yesterday then whatever percentage you normally contribute will apply to this profit sharing check also.
You are absolutely correct about the profit sharing though. Yesterday was the last day to direct it to your 401k. If you didn't make the change yesterday then whatever percentage you normally contribute will apply to this profit sharing check also.
Correct. But for those that still have room and wish to maximize their 401k contributions, changes made today will affect the Oct 15 paycheck.... given that they are a week apart, it's almost like doing the same thing.
Just be sure to change back your elections after the 15th in time to have your Oct 30 paycheck reflect your "normal" contributions.
09-26-2014, 06:15 AM
Gets Weekends Off
Joined APC: Jan 2010
Posts: 1,503
Cutting through the 50 day, again.
Well below the resistance level of 41-sinking below 38.
? is will it be down on higher volume at the close.
Not looking healthy.
So what? Here we are a week later T, do you still think technical trading is "voodoo"?
We broke the 50, quickly sank below it, and are on a slippery slope to the 200 day. Note also how the selling volume is increasing over the last week as well.
Seriously, when exactly do you decide to sell any stock you hold and put the profits in an another stock, trading the way you are?
Are there rules or triggers that will stop you out, or is it intuition and the reports by industry analysts that cause it?
I used to trade/invest on a fundamental basis but have been very happy having rules to follow to avoid emotional trading and technicals now.
My eye opener was being introduced to them by an ER captain who was quite successful. Being skeptical, we talked a lot about the differences. It wasn't until the second trip to Starbucks on a layover, where over coffee and a hotspot, I watched him book his consecutive 2K profit in just under 1.5 hours that I started drilling into it.
image.jpg
Well below the resistance level of 41-sinking below 38.
? is will it be down on higher volume at the close.
Not looking healthy.
We broke the 50, quickly sank below it, and are on a slippery slope to the 200 day. Note also how the selling volume is increasing over the last week as well.
Seriously, when exactly do you decide to sell any stock you hold and put the profits in an another stock, trading the way you are?
Are there rules or triggers that will stop you out, or is it intuition and the reports by industry analysts that cause it?
I used to trade/invest on a fundamental basis but have been very happy having rules to follow to avoid emotional trading and technicals now.
My eye opener was being introduced to them by an ER captain who was quite successful. Being skeptical, we talked a lot about the differences. It wasn't until the second trip to Starbucks on a layover, where over coffee and a hotspot, I watched him book his consecutive 2K profit in just under 1.5 hours that I started drilling into it.
image.jpg
09-26-2014, 06:27 AM
Gets Weekends Off
Joined APC: Jul 2008
Posts: 5,016
The 415(c) max limits are as follows for 2014:
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
09-26-2014, 06:38 AM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
If you have reached the 415c limit of $52,000 the 15% retirement contribution is paid as wages and is listed on your paycheck stub as "DPSP_CASH." It is NOT subject to profit sharing for the year.
Denny
Denny
09-26-2014, 06:44 AM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
The 415(c) max limits are as follows for 2014:
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
Pilot contribution $17,500 Pre-Tax.
$5,500 catch up if over age 50.
$52,000 max pilot + company combined.
The IRS limits company contributions to a max income of $260,000.
15% * 260K = $39,000 max company contribution.
For a pilot who earned $39K, the max he could contribute is $13,000 (plus $5,500 if over age 50).
When a pilot reaches the $39,000 or the $52,000 max , the 15% company contribution continues as income.
When a pilot reaches the $17,500 or the $52,000 max, pilot contributions stop.
A pilot is still able to elect to put in money in the 401(a), but that is post-tax money.
Pilots who put in the max 17,500 but have not yet earned $230,000 will still have room in the 415(c) max for the 15% company contribution.
Also, once you reach the 415c limit of $52000, you CANNOT contribute any money to a 401a because it is a "retirement plan." I checked on this with the Dalpa retirement guru. I'm sure she said that max individual contributions to any type of retirement plan is $17,500 for the year plus the catchup if you are over 50.
If I read your post wrong, my apologies.
Denny
Last edited by Denny Crane; 09-26-2014 at 07:01 AM. Reason: Additional comments
09-26-2014, 06:49 AM
Gets Weekends Off
Joined APC: Oct 2013
Posts: 106
PCS Question: The "new" format asks if you want a WS awarded even if it conflicts with a next month trip. Does anyone know if that just means an actual calendar day conflict or does it include FAR117 considerations?
Might be interested in a WS in whats left of Sept. but if it was over a certain block hour amount it would create a 100/672 conflict with a big trip on 10/1. As long as I answer the conflict question "No" on the WS mask am I protected from being awarded a WS that would cause the computer to drop the 10/1 trip due to 117?
Might be interested in a WS in whats left of Sept. but if it was over a certain block hour amount it would create a 100/672 conflict with a big trip on 10/1. As long as I answer the conflict question "No" on the WS mask am I protected from being awarded a WS that would cause the computer to drop the 10/1 trip due to 117?
09-26-2014, 06:52 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
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