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04-12-2022 | 03:28 PM

#831

JustNarced

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Joined: Jan 2022

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From: :)

Quote:

Originally Posted by Iceberg

Whats a starter home by your definition?

Depends on the region. Socal, with good schools 800k+ My point that all the management logins are trying to avoid is that inflation is here, it has already taken its place. Would've been cheaper to close C19 on time.

04-12-2022 | 03:45 PM

#832

Trip7

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Quote:

Originally Posted by JustNarced

Inflation is here, but my only point was it does not take $1m+ to get a starter home on Delta bases with good schools. If you looking for 3,000+ sqft, a three car garage and a back yard, I absolutely agree with you. House like that you might find something for $800k in Fayetteville Starmills district(ATL) but every other hub doubtful

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Last edited by Trip7; 04-12-2022 at 04:22 PM.

04-12-2022 | 04:31 PM

#833

Der Meister

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Joined: Apr 2008

Posts: 941

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From: 320A

Quote:

Originally Posted by Trip7

Yeah no ATL is a cesspool of nope for me.

04-12-2022 | 04:36 PM

#834

Flyingtank

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Joined: May 2019

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Quote:

Originally Posted by Iceberg

The 401a compensation limit for contributions is 5 times the 401k contribution limit. 20% of the compensation limit would max the 401k contribution limit with company contributions alone. That’s the benefit.

The company match is 6%?

04-12-2022 | 04:38 PM

#835

DWC CAP10 USAF

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Joined: Apr 2016

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From: Looking left

Quote:

Originally Posted by Flyingtank

The company match is 6%?

There is no company match.

DL put in 16% even if you contribute 0%.

04-12-2022 | 04:40 PM

#836

Flyingtank

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Quote:

Originally Posted by DWC CAP10 USAF

There is no company match.

DL put in 16% even if you contribute 0%.

Excellent, thank you. That clears up my confusion.

04-12-2022 | 04:41 PM

#837

Trip7

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Quote:

Originally Posted by DWC CAP10 USAF

There is no company match.

DL put in 16% even if you contribute 0%.

Speaking of, this is an incredible benefit. Most of my friends in other high paying industries haven't heard of 16% with no self contribution required

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04-12-2022 | 04:50 PM

#838

Iceberg

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Quote:

Originally Posted by JustNarced

Maybe 3x?

Quite a few of is putting post tax money in from our side.

2022 415(c)(1)(A) limit for contributions is $61,000. 2022 401(a)(17) annual compensation limit is $305,000. 61x3=183, 61x5=305. Last year 290k annually and 58k. 2020 285k and 57k. 2019 280k and 56k. You can do the math, but they’re all 20% of the annual income limit. Any contributions you personally make count towards the limit, so that could be why you are getting the DPSP Excess (or whatever they are calling it now).

The advantage of 20% is more tax free retirement contribution for those making less annually. Those making more than the limit see higher taxable income but not more than they would have with just a straight pay raise

04-12-2022 | 04:50 PM

#839

interceptorpilo

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Quote:

Originally Posted by Trip7

Speaking of, this is an incredible benefit. Most of my friends in other high paying industries haven't heard of 16% with no self contribution required

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I am guessing most of your friends are not legally required to retire at 65 and have their job riding on a medical exam every six months.

04-12-2022 | 04:52 PM

#840

Trip7

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Quote:

Originally Posted by interceptorpilo

I am guessing most of your friends are not legally required to retire at 65 and have their job riding on a medical exam every six months.

Most of them don't get disability pay(and retirement) until 65 if medically unable to do perform their job either

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