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16% 401(k) Q

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Old 06-29-2022, 03:21 AM
  #11  
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Originally Posted by C2078 View Post
Huh? AA has cash over cap?
yes. So once you hit the cap you get a 16% raise for the rest of the year
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Old 06-29-2022, 05:18 AM
  #12  
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Originally Posted by C2078 View Post
Huh? AA has cash over cap?
All the airlines have this. Not unique to AA.
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Old 07-04-2022, 10:27 AM
  #13  
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Originally Posted by Varks View Post
All the airlines have this. Not unique to AA.
IIRC UPS or FedEx that doesn’t have this?
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Old 07-04-2022, 11:06 AM
  #14  
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Originally Posted by Varks View Post
All the airlines have this. Not unique to AA.
UA has their 16% spill into a triple tax advantaged retirement healthcare spending account.
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Old 07-05-2022, 03:18 AM
  #15  
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Default 16% 401(k) Q

Originally Posted by phishhman View Post
UA has their 16% spill into a triple tax advantaged retirement healthcare spending account.

JB has this also but remember you have no control over how it’s invested. The plan is run by fiduciaries appointments by the union and the money is never truly yours unless you use it for medical expenses and can not be passed on in to your heirs.

Overall I would still call it a good option, just be careful not to “overfund” it.


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