Profit Sharing Check
02-19-2019, 09:41 AM
#21
Quality of Lifer
Thread Starter
Joined APC: Oct 2015
Position: M88A
Posts: 672
Originally Posted by Gunfighter
Are you comparing gross v gross, rather than net v net?
Look at your last 2018 paycheck, add pilot advance and flight pay together and multiply by 14%. It should be close to that number.
Look at your last 2018 paycheck, add pilot advance and flight pay together and multiply by 14%. It should be close to that number.
02-19-2019, 10:38 AM
#23
Quality of Lifer
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Joined APC: Oct 2015
Position: M88A
Posts: 672
Originally Posted by GuardPolice
If you don’t use the PS election tool, all withholdings default to what you elect for normal paychecks.
GP
GP
02-19-2019, 10:53 AM
#24
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by GuardPolice
If you don’t use the PS election tool, all withholdings default to what you elect for normal paychecks.
GP
GP
The real benefit is to lower paid employees.
02-19-2019, 11:04 AM
#25
Quality of Lifer
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Joined APC: Oct 2015
Position: M88A
Posts: 672
Originally Posted by sailingfun
Most financial advisors would advise you to do exactly what you post. By leaving your deductions the same you dollar cost average the money into the market. For some reason many pilots perceive there is a tax savings by dumping as much as possible into the 401k as a lump sum. That would only be true if you were not going to max your 401k contributions.
The real benefit is to lower paid employees.
The real benefit is to lower paid employees.
02-19-2019, 11:06 AM
#26
Gets Weekends Off
Joined APC: Apr 2018
Posts: 2,987
Originally Posted by sailingfun
Most financial advisors would advise you to do exactly what you post. By leaving your deductions the same you dollar cost average the money into the market. For some reason many pilots perceive there is a tax savings by dumping as much as possible into the 401k as a lump sum. That would only be true if you were not going to max your 401k contributions.
The real benefit is to lower paid employees.
The real benefit is to lower paid employees.
02-19-2019, 11:08 AM
#27
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Turbo1
well that's exactly what happened. A large chunk went into 401k but that's better than just sitting in my checking acct as it would have done. I have no other place to put it except for booze and hookers...
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