MEC Christmas Card
01-09-2019, 03:55 PM
#121
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
2018: $5500. Age 50+ can contribute an extra $1000 catch up ($6500)
2019: $6000. Age 50+ can contribute an extra $1000 catch up ($7000)
01-09-2019, 04:06 PM
#122
Gets Weekends Off
Joined APC: Feb 2008
Position: 737 Captain
Posts: 872
Just a plain old brokerage account. You’ve already paid the taxes on the money. Just get some additional holdings. Just beware of capital gains if you’re the “play with it type”. 
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01-09-2019, 05:14 PM
#123
Gets Weekends Off
Joined APC: May 2009
Posts: 1,860
Joe there’s no magic/free money in these regulations and all that will happen is it will come out of another pocket. Defined benefit plans per the IRS are out of our control.
“Show me the money” is a real and good call.
You do realize there are a fair amount of options in our control these days. Check with your financial advisor.
“Show me the money” is a real and good call.
You do realize there are a fair amount of options in our control these days. Check with your financial advisor.
01-09-2019, 10:39 PM
#125
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Let's say I contribute $150K to the fund and am able to withdraw $100K before my wife and I die. The remaining $50K gets divided among all others in the fund.
Sounds like I lost $50K but at a marginal tax rate in the high 30s, that $50K (plus more) would have gone to taxes. I think a lot of people forget about the effect of not paying taxes.
01-10-2019, 07:34 AM
#126
Banned
Joined APC: May 2017
Position: CA
Posts: 320
I use a couple of my vacation weeks every year that I get stuck with in months I don’t want to stick extra in my 401k. Just bid high time credit shuffle vacation days around you can get 110 plus hours credit easy, shove some in your 401k and you never even notice it. I had 3 115 hour months that I basically put $9000 total in my 401k and never saw a dent in my checks!
01-10-2019, 11:32 AM
#127
Gets Weekends Off
Joined APC: Aug 2010
Position: N/A
Posts: 607
I use a couple of my vacation weeks every year that I get stuck with in months I don’t want to stick extra in my 401k. Just bid high time credit shuffle vacation days around you can get 110 plus hours credit easy, shove some in your 401k and you never even notice it. I had 3 115 hour months that I basically put $9000 total in my 401k and never saw a dent in my checks!
01-10-2019, 11:58 AM
#128
Gets Weekends Off
Joined APC: Apr 2010
Posts: 695
01-10-2019, 01:11 PM
#130
Gets Weekends Off
Joined APC: Feb 2012
Position: Clear Right
Posts: 273
He got assigned a week and had no plans to go anywhere on his vacation. He bids a high time line - minimize working for free. and then, after being awarded his line. move his vacation days around in the month to where he can add another trip.
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