Originally Posted by W1097 (Post 3740671)

A quick DC question from someone considering AA. Which wages does the DC apply to? 16% of total earned income, or are there exceptions? Couldn't find an answer by searching. Thanks

Originally Posted by Bjork (Post 3740695)

it’s 17% as of Jan 1, 2024 and 18% as of Jan 1, 2025.

applies to all normal wages. Does not include per diem, reimbursements, special bonuses (some bonuses have been included. Some have been excluded).

Originally Posted by Fly76 (Post 3740719)

I believe 18% is 2026..

Originally Posted by Red Forman (Post 3740720)

No, it's 16% now, 17% in '24 and 18% in '25.

Originally Posted by Fly76 (Post 3740723)

section 5.F.8.c

In the event United Airlines enters into an agreement with its pilots on the basis of the United July 2023 AIP prior to January 1, 2024 which includes increases to Non-Elective Employer Contributions to their 401(k), which go into effect prior to May 2 of each year, then the May 2 increase dates for 2024 and 2026 above shall be amended to read “Effective January 1, 2024, the Non-Elective Employer Contribution shall increase to seventeen percent (17%) of an eligible pilot’s Eligible Compensation. Effective January 1, 2026, the Non-Elective Employer Contribution shall increase to eighteen percent (18%) of an eligible pilot’s Eligible Compensation.

Originally Posted by Disappointment (Post 3740073)

Spend a few minutes and watch this:

https://youtu.be/lkOQNPIsO-Q?si=XmCWPzrx3PWbm8r_&t=1

Originally Posted by Sliceback (Post 3736611)

A couple hours of reading and you'll be much smarter. It's about 3 hrs (?). Add another hour if you start flipping back and forth comparing different charts/timeframes in the book.

You can choose how often you evaluate your distribution. Some review/rebalance on a 6 or 12 month basis, some rebalance on a 5%/20% imbalance limit. The book explains this - younger might be 80/20 stock/bonds. If the 80/20 split reaches a 5% change (75/25 or 85/15) they rebalance. Within each stock/bond you'll have 7-12 (?) funds. If those get out of whack by 20% amongst their own group (ie stock funds vs other stock funds, bond funds vs bond funds) the high fund (up by 20%) is rebalanced among the lower than expected funds. The book/video explains the concept.

Plus a 1:03 video of the author speaking to Google employees who just became millionaires -

https://www.amazon.com/Smartest-Investment-Book-Youll-Ever/dp/0399535993/ref=pd_lpo_sccl_2/140-3762055-8667720?pd_rd_w=zCncx&content-id=amzn1.sym.116f529c-aa4d-4763-b2b6-4d614ec7dc00&pf_rd_p=116f529c-aa4d-4763-b2b6-4d614ec7dc00&pf_rd_r=FASRAN7FW2KTQ0KGX0KZ&pd_rd_wg =PYsvM&pd_rd_r=4d974e06-3436-483b-9072-bf1e79bb9868&pd_rd_i=0399535993&psc=1


https://www.youtube.com/watch?v=Y0LSG2omvEg

Originally Posted by cornerpocket (Post 3781615)

Out of curiosity, have you read Solin's 401k book? If so, how does it compare/complement the above?