Originally Posted by Omar 111 (Post 2938110)

I note the smiley face face emoji, but do you really see that as an issue? My family and I have been thru Paris 6 times in the last 4 years, and have sat up front every time without issue.

Originally Posted by Sputnik (Post 2938102)

So I turn 50 next year, little confused on the mechanics of age 50+ catch up.

Google tells me that in 2020 the income limit on employer contributions is 285,000.

Employees are limited to 19,500

Age 50+ are allowed a 6,500 catch up contribution.

Total combined employee/employer limit is [for 50+] is 63,500.

So an employee could put in a max of 26,000 and Delta a max of 45,600 (16% of 285,000), but of course the total cannot exceed 63,500.

My confusion lies in the 6,500, does it matter who contributes it? Let's say I make 285,000 next year (sadly, the MEC's new war on greenslips combined with better weather next summer renders this scenario unlikely) such that Delta contributes the full 45,600. Does that mean to max it out I 'only' have to contribute 17,900 to meet the limit? In effect, Delta adds the 6,500 catchup?

I realize in many respects it doesn't actually matter, but its still annoying me that I can't figure it out. Let's say that [regardless of the financial wisdom of doing so] I want to make all of my 2020 401k contributions from my profit sharing check on Feb 14. If I think I will make >= 285,000 from Delta next year, how much should I contribute from PS?

I am clearly deep in the realm of very good problems to have. Appreciate any help

Originally Posted by Planetrain (Post 2938125)

Yes. When AF agent place S4s up front and you in the back, it kinda stinks.

Originally Posted by Planetrain (Post 2937119)

That’s great news! (Now if we can just get an agreement with AirFrance to place Delta nonrevs in premium seats on Delta metal out of CDG.) :D

Originally Posted by Hillbilly (Post 2938186)

Only you can make the catch up contribution. Essentially the only thing that changes in the year you hit 50 (other than aches and pains :p) is that you have the ability to designate a catch up contribution on fidelity and stuff that money in on top of everything else you were already doing.

Originally Posted by Sputnik (Post 2938290)

How do I "designate" it? Better yet, who can I talk to about the mechanics of this? I'm on the phone with Fidelity and so far we're not getting really far. Like I said, good problem to have. But still.

Originally Posted by GogglesPisano (Post 2939514)

Can someone explain why we have the technology in place to stop our 401k contributions automatically when they reach the limit, but it's beyond the capability of Optum HSA to stop those contributions (even though I set the contribution to $0 two weeks ago), thus necessitating old-fashioned snail-mail to fix?

Rant over.

Originally Posted by Gunfighter (Post 2939551)

Did you recently complete items on Rally that resulted in HSA contributions? Or was it a paycheck withholding that created the overage?

Originally Posted by GogglesPisano (Post 2939558)

The Dec 15 check put me over, even though the Optum website pie chart indicated I was full and future contributions would be $0.