Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

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- - Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

Quote:

Originally Posted by Pineapple Guy (Post 904276)

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.

Quote:

Originally Posted by Pineapple Guy (Post 904168)

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:

Quote:

Originally Posted by forgot to bid (Post 904134)

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.

Quote:

Originally Posted by Pineapple Guy (Post 904140)

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...

Quote:

Originally Posted by Pineapple Guy (Post 904001)

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 :rolleyes:... including losing the bet with me. :D

Quote:

Originally Posted by forgot to bid (Post 904279)

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?

that movie is the best.....the rabbit images/scenes are the best.

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.:eek:

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.

..............................

Quote:

Originally Posted by forgot to bid (Post 904279)

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?

It's a trap!

YouTube - IT'S A TRAP

Quote:

Originally Posted by Cycle Pilot (Post 904063)

I didn't know we were interviewing again. Can you clarify this statement? He/she actually got called for an interview?

I know Flight Ops (the career counseling company) is having another job fair this weekend (at IAD.) Apparently, Delta wasn't happy with the way the last few job fairs had been run. They had tons of people wanting to get some face time with them, and it was first come, first served - so alot of candidates stood in line all day and never got to talk to anyone. Delta made their complaints known to the folks that were running the job fair, and it seems the result is that Delta is now scheduling "slots" with a limited number of job fair attendees, rather than having a free-for-all. This might be the "interview" to which this person was invited.

My understanding is that its not a full fledged interview, but it is a one-on-one with one of the higher ups in the recruitment/newhire process (kind of a "pre" interview, I guess.) I don't know if Delta is selecting the folks that get these slots (so they spend time with folks they already know of qualified and competitive,) or if its based on when you registered. And, or course, the golden question is: would they spend this kind of effort talking to potential newhires if they didn't plan on ramping things up again soon? I don't have that answer.

We might gleen some useful information if we know the status of the interview team. Were they disbanded after last summer, or are they still operational?

Quote:

Originally Posted by Jughead (Post 904212)

That's just painful to look at.
My handicap would be awful if I had to play when it was 16*F. :(
And that's assuming you can stick a tee in the ground.

Jughead,

We play all winter, come on up for the Chilly Open in Feburary.

Here is a link:

Wayzata Area Chamber

Kudos to the crew of flt 196/19th, PHL to CDG. They spent the last couple of hours of their crossing on one engine.

Incident: Delta Airlines B752 over Atlantic on Nov 20th 2010, engine shut down in flight

Quote:

Originally Posted by Desperado (Post 904303)

Agreed, good job...curious was FPS2 able to give them single engine info?