30-40 years ago, tax-avoidance schemes were a big thing among pilots: non-recourse loans, paper losses, questionable write-offs, etc. In many cases, tax liability was reduced....because the investment was a fraud and the pilot lost his money. :(

I still attend a guys "House Church" regularly.:D

^^this^^

Then rollover the 401a into a “backdoor” ROTH. Do it while it’s still permitted by the tax code. Someday it may not be and there is no other way to fund a ROTH at our income level.

Outside of our DC plan you can also do a Backdoor Roth IRA of 6000 (7000 for the 50+ crowd). Invest in real estate through a company you own and there are some other tax advantaged options available. You may even be able to create a SIMPLE IRA or SEP IRA if you don't make any 401k contributions at Delta. A SIMPLE IRA can be rolled into a Roth after two years.

DYODD, YMMV. This board is a good place for ideas, but please get real professional advice before you try this.

A lump sum versus Dollar Cost averaging discussion.

Could someone explain the PS tool? Assuming that means you could fully fund your 401k\HSA out of it. Does that mean you could also top off your B fund contributions to hit the 56k limit earlier?
And, sounds like if you work a lot of extra over the year your profit sharing reflects that as well.



https://ofdollarsanddata.com/how-to-invest-a-lump-sum/

Yes, you can top up early. The PS tool a the avenue for adjusting elections on PS separate from normal contributions. My personal technique is to contribute 75% of all checks to 401a until hitting the 415c max (56k this year). Then I roll the after tax 401a over to a personal Roth IRA. It means $0 take home pay for the first two months of the year, so plan ahead. Another approach is to fill up the 401k (19k for 2019), which will accelerate the 415c limits, but still needs company contributions to hit the 56K limit.

The downside of using personal funds instead of the company DC money to hit the annual limit is that DPSP Cash starts earlier in the year and ALPA takes their pound of flesh from it.

How about putting half of that money with me. I trade pumpkin futures. I buy a lot of contracts in late October right as they’re climbing strong and then I sell mid November. I haven’t timed my exit very well yet, but I’ll figure it out this year and make you rich!

A little off topic but is anyone else claiming tax exemption on their W4s? I expect a pretty hefty refund from 2018 and expect the same for 2019. Pros and cons to doing this?

The obvious con of the hefty refund would be that that money was working for the gubment for a year while you missed out on it accruing interest for you. What makes it worse is that Uncle Sam doesnt even do the courtesy of paying you a dime of interest or buying you lunch for the money you "loaned" them for that year, the way your real uncle Sam might.

I guess the pro would be that if you'd just blow that extra couple hundred bucks a month on hookers and jetskis vs saving it, whereas that big refund check goes right into your IRA every year then maybe you're better off. Kinda depends on you personally I guess

Turkey futures is where it's at..Mid November entry. You can thank me later.