I'm back Ferd! Since the book came out and all of the media stuff is done, I've actually been flying for a living......well, flying, not sure about the "living" part.:eek:

Take it easy on the LAX 76 guy....some of those guys have weak constitutions. The partiers are all on the 73. ;)

I bet PG is gonna call in sick for Carl's party, then pretend he's a north guy.:eek::rolleyes:

Okay, back on a real computer.

401K withdrawal... mind you, this is something financial advisers rail against and for good reason.

As already stated: If you have left an employer where you had a 401(k), you can cash out that 401(k) anytime, but that withdrawal will be subject to 20% federal income taxes and the 10% penalty if you cash out before age 59 ½. According to one state 45% of Americans cash out their 401Ks from previous employers once they leave.

Can you withdrawal or cash out a 401K while employed? Yes, if you meet hardship criteria and the IRS lays out when you can do that. Just because you want some cash is not a qualifying reason.

Now can you withdrawal or cash out a Delta 401K while working there? Yes, for the same reasons the IRS says so. Everything I read says refer back to your company for further restrictions or rules. So listed is from the Delta Pilots Saving Plan guide:

Hardship Withdrawals
Federal tax law restricts withdrawals of pre-tax contributions (including catch-up contributions and, for the purpose of hardship withdrawals, Roth 401(k) contributions) while you are working for Delta. The Code permits the withdrawal of such contributions only in cases of “financial hardship” (as such term is defined by the Code). If you meet the requirements of a financial hardship (as described below), you may withdrawal all or a part of your: Pre-tax contributions, Roth 401(k) contributions, Catch-up contributions, Rollover contributions and Elective transfer contributions that were treated as pre-tax contributions.

You may not withdraw any investment earnings attributable to the contribution types listed above.

To qualify for a “financial hardship” withdrawal under the Code, you must have an immediate and heavy financial need for any of the following reasons:
1. To pay certain health-related expenses of you, your spouse or your dependents that are not paid by insurance,
2. To purchase your primary residence,
3. To pay tuition and related educational expenses (including room and board) for the next 12 months of post-secondary education for you, your spouse, children or dependents,
4. To prevent foreclosure on or eviction from your principal residence,
5. To pay burial or funeral expenses for a qualified family member,
6. To pay certain expenses for the repair of damage of your principal residence that would qualify for a casualty tax deduction.

The withdrawal is limited to the amount expected to meet this immediate and heavy financial need. However, it may include amounts necessary to pay income taxes (state and federal) or penalties resulting from the hardship withdrawal. (See “Tax Implications of a Withdrawal” later in this section.)

“Financial hardship” also means you cannot pay any of the above expenses through other means, such as:
1. Ceasing contributions to the Plan,
2. A loan or in-service withdrawal,
3. Reasonable liquidation of your assets,
4. A commercial bank loan, or
5. Reimbursement or payment of insurance.

I've seen this... oh yeah...

http://i938.photobucket.com/albums/a...id/temp-33.jpg

Who would've thought that?!?

Can someone help out a FNG? I am a new hire and am updating my special use airport information. I reviewed the pictorial as instructed and when I enter the date it keeps saying "invalid date" Anyone know the format on how we enter the date? there isn't enought space for mm/dd/yyyy. I tried every way I could think of and couldn't get it to accept. Thanks!!

Thank you for proving my point.

Enter it as 20Nov10, for example.

Is Carl really who we think he is? Or, is he a DALS guy from the 4th floor and coordinating his posts with Slow? Is this Christmas party a trap? Is it like a trojan rabbit wheeled into the castle?

http://www.intriguing.com/mp/_pictur...lyGrail067.jpg

Carl, we're nervous out here... tell us the truth... would it take more than a scholarship to get you to go to Mississippi St?

Thanks!! That worked. It's about the only combo I didn't try. I was suprised that SAN is the only airport system wide that the A319/320 has special quals. I would think there would be some stuff in Mexico or the Mountains or Central America that would apply.

Hold that thought. Leaving for Asia now. Talk to you again in 15 freakin hours.

Carl