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Any "Latest & Greatest" about Delta?

Old 11-20-2010, 09:59 AM
  #52921  
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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!!
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Old 11-20-2010, 10:00 AM
  #52922  
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Originally Posted by forgot to bid View Post
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.
Thank you for proving my point.
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Old 11-20-2010, 10:01 AM
  #52923  
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Originally Posted by Delta1067 View Post
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!!
Enter it as 20Nov10, for example.
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Old 11-20-2010, 10:05 AM
  #52924  
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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?



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?
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Old 11-20-2010, 10:10 AM
  #52925  
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Originally Posted by Pineapple Guy View Post
Enter it as 20Nov10, for example.

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.
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Old 11-20-2010, 10:12 AM
  #52926  
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Originally Posted by forgot to bid View Post
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?



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

Carl
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Old 11-20-2010, 10:22 AM
  #52927  
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Originally Posted by Pineapple Guy View Post
Thank you for proving my point.
And, ironically, thanks for letting me win the bet.

See the bold below, you admit, you can cash out a 401K.

Originally Posted by Pineapple Guy View Post
OK - I'll quit toying with you.

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.
Because remember the original bet:

Originally Posted by forgot to bid View Post
You most certainly can close a 401K and cash it out.

You do take a 10% hit and you have to pay the taxes on it but otherwise you can do it.
Originally Posted by Pineapple Guy View Post
Wanna bet?
Now I was talking strictly about cashing out 401Ks, you were talking about doing it while employed which you can still cash out with stipulations. Question for ya though, in your original response...

Originally Posted by Pineapple Guy View Post
You might check with the IRS before making such silly statements. You are wrong.
why didn't you say right then in there, you can cash out a 401K while employed with said company but only for certain reasons such as hardship or if you're above 59.5?

I ask because why not give a full answer? I mean even Slow gives us full answers from the beginning. Everything that came after was completely unnecessary ... including losing the bet with me.

Last edited by forgot to bid; 11-20-2010 at 11:25 AM.
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Old 11-20-2010, 10:26 AM
  #52928  
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Originally Posted by forgot to bid View Post
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?



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?



that movie is the best.....the rabbit images/scenes are the best.
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Old 11-20-2010, 10:32 AM
  #52929  
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Thumbs down FYI: Possible Double Taxation

Hey 401K loan guys,

I am not sure about our program, as I have not had a loan, but you may be subject to Double Taxation.

If you recall, your retirement plan contributions are made on a pre-tax basis. This means that you realize a tax break when making contributions to the plan, and you’re then taxed in the future when you take money out of the plan. Unfortunately, when you take a loan from your plan, you may be subjecting yourself to additional taxes.

While regular 401(k) contributions are taken out of your paycheck on a pre-tax basis, the loan repayments are not. This means that you are taking pre-tax money out of your account and then repaying it with after-tax money. This can result in some of this money being taxed twice.
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Old 11-20-2010, 10:35 AM
  #52930  
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..............................
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