Any "Latest & Greatest" about Delta?
09-28-2014, 02:54 PM
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,907
I have a 50% 401k contribution set up for Profit Sharing but none was contributed on this upcoming Oct 3rd payment. Anyone else have this problem? I'm hearing something about a 24-hr window and having to make a special election for this upcoming event -- if that's the case what's the point? Shouldn't they just look at your "default" profit-sharing contribution amount?
Disregard. Just read the R&I Report. Great that we're getting the money. Not so great that we can't contribute to the 401k like normal profit-sharing.
Disregard. Just read the R&I Report. Great that we're getting the money. Not so great that we can't contribute to the 401k like normal profit-sharing.
Last edited by GogglesPisano; 09-28-2014 at 03:33 PM.
09-28-2014, 02:59 PM
Gets Weekends Off
Joined APC: Jan 2007
Position: 5-9 block, kill removing
Posts: 385
Raging,
You can't put in more pre-tax or Roth, but you can make after-tax contributions, commonly referred to as "401(A)" contributions. These are after-tax contributions whose earnings will be tax deferred. However, after you do that, if desired, you can elect to roll those out with the original contributions being rolled to a Roth IRA, and the earnings rolled to a normal IRA. It essentially permits you to make Roth contributions beyond the $17.5 limit, so long as you do the two-step process.
You can't put in more pre-tax or Roth, but you can make after-tax contributions, commonly referred to as "401(A)" contributions. These are after-tax contributions whose earnings will be tax deferred. However, after you do that, if desired, you can elect to roll those out with the original contributions being rolled to a Roth IRA, and the earnings rolled to a normal IRA. It essentially permits you to make Roth contributions beyond the $17.5 limit, so long as you do the two-step process.
09-28-2014, 03:23 PM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
09-28-2014, 03:48 PM
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,740
09-28-2014, 04:24 PM
looking for underboob
Joined APC: Aug 2007
Position: NYC 7ER LCA
Posts: 902
09-28-2014, 04:39 PM
Gets Weekends Off
Joined APC: Oct 2013
Posts: 1,299
09-28-2014, 04:52 PM
Gets Weekends Off
Joined APC: Feb 2007
Position: M88 B
Posts: 399
09-28-2014, 05:04 PM
Gets Weekends Off
Joined APC: Feb 2007
Position: 765-A
Posts: 6,844
The government will take 33%+ of it in taxes.
Your wife will spend 100% of it, because all she she's is the big number.
You will have 33% less money in your checking account than you had before the bonus….
……but, at least you have a new couch.
09-28-2014, 05:13 PM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Once you show you wife, it becomes simple math for your bonus check (gross):
The government will take 33%+ of it in taxes.
Your wife will spend 100% of it, because all she she's is the big number.
You will have 33% less money in your checking account than you had before the bonus….
……but, at least you have a new couch.
The government will take 33%+ of it in taxes.
Your wife will spend 100% of it, because all she she's is the big number.
You will have 33% less money in your checking account than you had before the bonus….
……but, at least you have a new couch.
09-28-2014, 05:19 PM
Gets Weekends Off
Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
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