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Originally Posted by GogglesPisano
(Post 1736210)
I have a 50% 401k contribution set up for Profit Sharing but none was contributed on this upcoming Oct 3rd payment. Anyone else have this problem? I'm hearing something about a 24-hr window and having to make a special election for this upcoming event -- if that's the case what's the point? Shouldn't they just look at your "default" profit-sharing contribution amount?
Disregard. Just read the R&I Report. Great that we're getting the money. Not so great that we can't contribute to the 401k like normal profit-sharing. |
Originally Posted by TenYearsGone
(Post 1736026)
Can you still make 401A if you have maxed out the 52K limit? After the 52K limit would you say just buy property or add to a mutualfund/etf/stock via brokerage link?? When we have no money: we have problems- when we make too much money; we have problems too!!:D
TEN |
Originally Posted by PilotFrog
(Post 1736128)
How is the tax figured on this PS check? If I did my math right, and I hardly ever do, it got hit with 37%
BTW - I got hit just about the exact same amount. |
Originally Posted by newKnow
(Post 1736275)
Once you show you wife, it becomes simple math for your bonus check (gross):
The government will take 33%+ of it in taxes. Your wife will spend 100% of it, because all she she's is the big number. You will have 33% less money in your checking account than you had before the bonus…. ……but, at least you have a new couch. :o My wife is planning new counter tops and carpet. Last year, I stuffed 85% of it into my 401k. .. you would have thought I laid done 10 grand on a hand of roulette. She eventually spoke to me a week later. This year I am planning a different angle just have to make sure the accountant doesn't wreck it. My first year at Delta I bought a new set of clubs that also went over like a fart in church. I decided she needs to know as little as possible about the PS check |
Originally Posted by PilotFrog
(Post 1736128)
How is the tax figured on this PS check? If I did my math right, and I hardly ever do, it got hit with 37%
One nice thing about getting this now is some of us have "filled" up on paying SS so that won't come out saving us 6.2% and you will get any extra back on your returns in 4-5 months vs the 12 months like we do on any Feb profit sharing checks. It would be nice for them to actually just pay us profit sharing every quarter when they see the results. |
Looks like they pulled the PS checks off of the Net already. I saw mine, at one point, and its gone. Might be that they were posting the entire check and not the early partial one. In any event, its not available now.
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Originally Posted by Vikz09
(Post 1736303)
Perfect way of looking at it!
My wife is planning new counter tops and carpet. Last year, I stuffed 85% of it into my 401k. .. you would have thought I laid done 10 grand on a hand of roulette. She eventually spoke to me a week later. This year I am planning a different angle just have to make sure the accountant doesn't wreck it. My first year at Delta I bought a new set of clubs that also went over like a fart in church. I decided she needs to know as little as possible about the PS check |
Originally Posted by RockyBoy
(Post 1736310)
My wife blows mine every year. I should sneak it into the 401K, but I never do. Funny thing is I thought this one would be different since it isn't in Feb and she would have no clue there was going to be some extra cash lying around to blow. Yesterday I was informed she bought $2,500 in new blinds......How she knows this stuff is starting to worry me.
….wait! They are communicating in code! :D |
Originally Posted by Vikz09
(Post 1736303)
Perfect way of looking at it!
My wife is planning new counter tops and carpet. Last year, I stuffed 85% of it into my 401k. .. you would have thought I laid done 10 grand on a hand of roulette. She eventually spoke to me a week later. This year I am planning a different angle just have to make sure the accountant doesn't wreck it. My first year at Delta I bought a new set of clubs that also went over like a fart in church. I decided she needs to know as little as possible about the PS check What PS check? :rolleyes: :D |
Originally Posted by Pineapple Guy
(Post 1736298)
No - 401A money counts toward the 52K limit. Once you hit that, go buy a boat. You've saved enough!;)
TEN |
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