Originally Posted by
BLOB
Guys can hit the IRS income cap using their own money. Increasing the B fund even without cash over cap means that guy can hit the cap with less of this money. That money can be put in other retirement vehicles, investments or spent by the pilot. Too many people say a B fund increase without cash over the cap doesn’t help a WB captain and that is just false. Every percent increase is $2700 towards the IRS limit that doesn’t come out of the pilots pocket. Not that we would get it in addition to our existing A fund but a 20% B fund would nearly hit the IRS cap $55000 (age <50) with all company money. You wouldn’t need to put your money in if you make $270k. A guy who makes less than $270 would hit the $55k savings cap earlier in your career using less of your money.
Originally Posted by
kronan
Guess I'm totally confused. BLOB said Guys can hit the IRS Income Cap (of 275k) using their own money.
Still not thinking it means what you think it means, Pinseeker...but go ahead and explain to me why No one Said that and I'm wrong anyways
Ok, I missed that he said income cap. Reading through his whole post, I knew he was referring to the contribution cap.
I would have thought with your knowledge, you would have cut him a break on the typo. If you are going to be so picky, he never said "of $275K" as you stated in your post. You added that in yourself. As a matter of fact, he didn't use "$275K" in the entire post you quoted.
Now, about your random capitalization, what's up with that?
Speaking of not meaning what you think it means, have you explained to the union yet that they are wrong when they say that the company is abusing "known R days" when using the SLG. The union has put out a message stating so, but since you know better, I'm sure you have let them know.