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Originally Posted by Cycle Pilot
(Post 903911)
So with all this expansion, when do we all think the next hiring announcement will come?
With this block hr increase they will be very hard pressed to run the schedule without more bodies. Without this stuff we were still staffed to redline. With this stuff, it will lead to another interesting summer. Nothing would surprise me, and if they can find the sim time, I would think they would want to get bodies in the door. |
Originally Posted by forgot to bid
(Post 904143)
Absolutely.
Want me to tell you how I did it this past summer? $2500 401K from a car dealership. Never did anything with it as I had plenty in other 401Ks. To roll it into one of the others would've been silly for two reasons a) I needed the money to help offset $8K in unexpected home and car expenses in a span of 30 days this past summer and b) I lose more than $2500 sometimes in those 401ks in a single day. I cashed it out. Very easy. Very quick. I'd never do it on a 401K worth more than, well, $2500. My brother used to have one of those six figure salaries in pharma (oxycotin), that went to 0 three or four years back. He was underemployed for a while and eventually had to cash out of a 401K to save the house and never paid taxes on it because of all the other losses. It's a 10% penalty and they withhold taxes on it. You are supposed to negotiate for the bet (with an extremely high wager) first, then explain, then hopefully collect your money. ;) New K |
Originally Posted by acl65pilot
(Post 904150)
With this block hr increase they will be very hard pressed to run the schedule without more bodies. Without this stuff we were still staffed to redline. With this stuff, it will lead to another interesting summer.
Nothing would surprise me, and if they can find the sim time, I would think they would want to get bodies in the door. Rest up fellas, it could be another busy summer. :cool: |
Originally Posted by johnso29
(Post 904152)
What's interesting is they told us they know they ran the operation at redline all last summer. Now the most recent hires will help prevent that this coming summer. However, that was BEFORE they announced a capacity increase.
Rest up fellas, it could be another busy summer. :cool: |
Yes, it will be a busy summer.
It is interesting that the WB reserves seem to be flying more than years past and the NB FO's seem to be sitting. Might make for a few interesting AE's to get bodies where they are needed. |
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Originally Posted by acl65pilot
(Post 904160)
Yes, it will be a busy summer.
It is interesting that the WB reserves seem to be flying more than years past and the NB FO's seem to be sitting. Might make for a few interesting AE's to get bodies where they are needed. Last time, in 2007/2008 wasn't Delta using United's sims for recurrent? Maybe they would do that again to free up some sim time for new hires. |
Originally Posted by forgot to bid
(Post 904143)
Absolutely.
Want me to tell you how I did it this past summer? $2500 401K from a car dealership. Never did anything with it as I had plenty in other 401Ks. To roll it into one of the others would've been silly for two reasons a) I needed the money to help offset $8K in unexpected home and car expenses in a span of 30 days this past summer and b) I lose more than $2500 sometimes in those 401ks in a single day. I cashed it out. Very easy. Very quick. I'd never do it on a 401K worth more than, well, $2500. My brother used to have one of those six figure salaries in pharma (oxycotin), that went to 0 three or four years back. He was underemployed for a while and eventually had to cash out of a 401K to save the house and never paid taxes on it because of all the other losses. It's a 10% penalty and they withhold taxes on it. You (and apparently your brother) were able to cash that out ONLY because you (and your brother) no longer worked there. Had you still been an active employee of the car dealership, IRS regulations prohibit you from withdrawing the elective deferrals you made to the plan until you a) reach age 59 1/2, or, b) qualify for a hardship withdrawal. You are permitted under certain circumstances, if the plan permits, to withdraw the contributions your employer made, but not those you made. And since for most of us, our 401(k) primarily consists of money we've contributed, most of us have a substantial restriction on our ability to "cash it out" while employed. So, the contention that the two of you have been making that anyone can withdraw their money so long as they pay taxes and penalties is flat wrong. |
Originally Posted by newKnow
(Post 904151)
Forgot,
You are supposed to negotiate for the bet (with an extremely high wager) first, then explain, then hopefully collect your money. ;) New K |
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