Originally Posted by
APC225
Plus $6k once 50 years old, so $59k. Also, at the higher incomes ($218,750), once the company exceeds $35k contribution you have to reduce your own 401k contribution to prevent anything over the limit going into the pilot's (and pilots') health account, unless you want it to.
Also if you have self-employment income from a side job you have yet another $59k bucket to put funds into a SEPIRA as long as its income from the 1099 income. So you can put $118,000 away tax free each year.