DAL Poolie Info
03-30-2014, 09:15 AM
#1521
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,815
Originally Posted by LeineLodge
Scambo's explanation was much better than mine.
The company DC money and your contributions both end up in a Fidelity account which has a ton of options for how you want to invest. You also have the option of making Roth contributions which are post tax. Some guys will go that route so they will have both pre/post tax $ available in retirement. Everyone's situation is different and a lot depends on your personal view of where tax rates will be in the future vs your likely tax bracket, etc.
The company DC money and your contributions both end up in a Fidelity account which has a ton of options for how you want to invest. You also have the option of making Roth contributions which are post tax. Some guys will go that route so they will have both pre/post tax $ available in retirement. Everyone's situation is different and a lot depends on your personal view of where tax rates will be in the future vs your likely tax bracket, etc.
03-30-2014, 09:43 AM
#1522
Gets Weekends Off
Joined APC: Apr 2013
Position: Retired AF/A320 FO
Posts: 326
Originally Posted by GogglesPisano
That's always been one I can't figure out.. How can your tax rate ever be higher when you're retired? Seems like a Roth 401k exposes you to way more taxation now when you're making 6 figures, than the potential taxes on a straight 401k when you retire.
03-30-2014, 09:56 AM
#1523
Gets Weekends Off
Joined APC: Apr 2010
Position: B737 FO
Posts: 165
Originally Posted by GogglesPisano
That's always been one I can't figure out.. How can your tax rate ever be higher when you're retired? Seems like a Roth 401k exposes you to way more taxation now when you're making 6 figures, than the potential taxes on a straight 401k when you retire.
If you only have a few years until retirement, the math probably works better in favor of a traditional 401k/IRA.
Of course everyones situation is different so do your own diligence/consult with an advisor etc.
Last edited by Ragtop Day; 03-30-2014 at 10:30 AM.
03-30-2014, 10:33 AM
#1526
Line Holder
Joined APC: Nov 2012
Position: Delta FO
Posts: 65
Originally Posted by ITSALLGOOD
For all you swimmers and hopefuls who like to build charts and do calculations, here are some updated numbers from a friend in Network:
Mainline growth A/C (not replacements) between 01Jan14 and 31Dec17
717 - 69
321 - 30
739 - 18 (tied to 757 retirement plan and subject to change)
333 - 10
Pilot requirement is 14 per NB and 20 for 330.
He does not work in Crew Resource but has heard they plan on attrition of appx 1000 pilots in the same time frame. FWIW.
Mainline growth A/C (not replacements) between 01Jan14 and 31Dec17
717 - 69
321 - 30
739 - 18 (tied to 757 retirement plan and subject to change)
333 - 10
Pilot requirement is 14 per NB and 20 for 330.
He does not work in Crew Resource but has heard they plan on attrition of appx 1000 pilots in the same time frame. FWIW.
03-30-2014, 11:20 AM
#1528
Gets Weekends Off
Joined APC: Oct 2013
Position: 7ERA
Posts: 938
Originally Posted by Ragtop Day
Depends on how long you have until retirement. Its more than just tax rates, it also includes taxes on the gains. If you have 30+ years to go, $10,000 now may grow to $100,000 at retirement. Better to pay income tax on the 10 large now and keep the $90,000 in gains later tax free.
If you only have a few years until retirement, the math probably works better in favor of a traditional 401k/IRA.
Of course everyones situation is different so do your own diligence/consult with an advisor etc.
If you only have a few years until retirement, the math probably works better in favor of a traditional 401k/IRA.
Of course everyones situation is different so do your own diligence/consult with an advisor etc.
03-30-2014, 11:27 AM
#1529
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,724
Originally Posted by flycozter
I'm pondering quality of life living in Atlanta. Anyone know how much 717 growth is planned and left yet for Atlanta? Based on quality of life factors of only 1)schedule control 2)ability to hold a line, and 3) seniority bidding reserve, I rank the aircraft as follows: 1) MD88 2) 717 3) 320 4) 737. Any opinions on this? Any current plug info? Just trying to make an educated choice.
03-30-2014, 11:36 AM
#1530
Line Holder
Joined APC: Nov 2012
Position: Delta FO
Posts: 65
Originally Posted by badflaps
Think of it this way, over the last thirty years, and all the bases, Mecca is the only survivor. If you don't want to commute and you can tolerate grits, there is only one answer.
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