Any "Latest & Greatest" about Delta?
10-22-2010, 08:21 AM
Gets Weekends Off
Joined APC: Mar 2008
Position: 737 Capt
Posts: 1,166
Originally Posted by Columbia
It can be for anything, however, you'll have to pay taxes not paid (non Roth 401k), And an additional 10%. You'll have to pay it back in a period of time as well.
Early Distribution of IRA, 401K & Other Retirement Accounts - Penalty on Early Distributions
Early Distribution of IRA, 401K & Other Retirement Accounts - Penalty on Early Distributions
10-22-2010, 08:24 AM
Gets Weekends Off
Joined APC: Jan 2008
Position: maddoggy dog
Posts: 1,026
Originally Posted by forgot to bid
how did yall end up in timeout?? 
NFL ticket and NHL center ice are awesome. Last Sunday we started at noon. The last game ended a lot later. Somehow someone found some tequila and some shot glasses. Tequila tastes better after dozens of beers. We had a bow and arrow set one of the guys picked up in Africa. Target practice ensued. Those rusty barbs cause a lot of blood when you pull them out of another dudes hand. Luckily, my neighbors wife is a nurse. She comes downstairs, makes the dude drop his drawers, and sticks a BIG ol' needle in his a$$....tetanus shot. That was just one of the many juvenile things we did that day. Oh, and I won the football pool...yay me!!!
10-22-2010, 08:25 AM
Underboob King
Joined APC: May 2005
Position: Guppy Commander
Posts: 4,412
Originally Posted by NWA320pilot
No tax implications for a loan, now an early withdrawal is another story.
10-22-2010, 08:26 AM
Gets Weekends Off
Joined APC: Mar 2008
Position: 737 Capt
Posts: 1,166
Originally Posted by Superpilot92
The only implications are you're selling a portion of the stock at the current value. So you lose potential further stock price increase on the stock sold but you're paying yourself back interest on the loan.
10-22-2010, 08:45 AM
Gets Weekends Off
Joined APC: Mar 2008
Position: DAL Pilot
Posts: 1,133
Originally Posted by Columbia
It can be for anything, however, you'll have to pay taxes not paid (non Roth 401k), And an additional 10%. You'll have to pay it back in a period of time as well.
Early Distribution of IRA, 401K & Other Retirement Accounts - Penalty on Early Distributions
Early Distribution of IRA, 401K & Other Retirement Accounts - Penalty on Early Distributions
10-22-2010, 08:50 AM
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Originally Posted by FIIGMO
Be careful, yes you can take a loan out against your stock. But it is sold and placed into a holding account accruing interest but it is sold stock, you lose the shares.
any questions PM
any questions PM
10-22-2010, 09:38 AM
Gets Weekends Off
Joined APC: Aug 2010
Posts: 2,530
Originally Posted by Cycle Pilot
This penalty only applies to withdrawals and not loans.
10-22-2010, 10:45 AM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
Originally Posted by FIIGMO
Be careful, yes you can take a loan out against your stock. But it is sold and placed into a holding account accruing interest but it is sold stock, you lose the shares.
any questions PM
any questions PM
10-22-2010, 10:50 AM
Gets Weekends Off
Joined APC: Feb 2008
Position: 7ERB, no M88, no 7ER, no A320, NEXT!
Posts: 397
So I was awarded a new category on the May AE with a projected conversion of December. A quick check of the sim schedule for that category shows my name nowhere on the schedule for sims in December. As I understand it, I do not have to fly in my current category after December 1st. Correct?
10-22-2010, 10:56 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Originally Posted by FmrFreightDog
Ok, so I'm a little annoyed that, as a copilot, I don't warrant a "customer engagement kit". Not that I have an ego or anything (my wife and kids have long since disposed of that), but I can't even begin to count the times I've been alone in the cockpit and have had an interested family or interested kid come up to see the "office". Up until now, when a parent asked me for a pair of wings for their kid, I could say something like, "Oh, I'm sorry, we haven't had those for some time now. How about I plop your son/daughter up in the seat and take a picture with your camera?"
Now I get to say, "Sorry. The Captain's off punching a grupmy. Would you like to wait in the jetway until he gets back so he can access his Customer Engagement Kit?"
Ridiculous. Either give us all the tools to properly engage and please our customers or give us lassos and revolvers to efficiently herd them on and off the airplane.
-"Sorry, kid. I'm just a copilot. I'm not authorized to give you souvenier wings. If you could only wait until the Captain wipes his butt and gets his pizza......."
I'm sorry, it just reeks of a cheap-assed solution to a very large problem...
Now I get to say, "Sorry. The Captain's off punching a grupmy. Would you like to wait in the jetway until he gets back so he can access his Customer Engagement Kit?"
Ridiculous. Either give us all the tools to properly engage and please our customers or give us lassos and revolvers to efficiently herd them on and off the airplane.
-"Sorry, kid. I'm just a copilot. I'm not authorized to give you souvenier wings. If you could only wait until the Captain wipes his butt and gets his pizza......."
I'm sorry, it just reeks of a cheap-assed solution to a very large problem...
In reality every pilot is to get a kit. I think the difference is that the Captains get the business cards with their names on them so they can write special thank you's to the HVC passengers.
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