DAL Poolie Info
03-30-2014 | 09:15 AM
#1521
Gets Weekends Off
Joined: Sep 2013
Posts: 6,566
Likes: 316
From: Sitting SC at the Five Towns
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: Apr 2013
Posts: 326
Likes: 0
From: Retired AF/A320 FO
Thanks and all good info--for me I am looking at potential higher taxes in the out years primarily due to my many tax breaks that turn age 18 over the next 15 years--between them and the untaxed military income I've stayed in the 15% tax bracket. But that's all about to change along with having to pay the state taxman as well...so appreciate everyone's insight. Also believe that ROTH will go to my kids tax free as well if I don't get to spend it first.
03-30-2014 | 09:56 AM
#1523
On Reserve
Joined: Apr 2010
Posts: 177
Likes: 1
From: B737 FO
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: Nov 2012
Posts: 65
Likes: 0
From: Delta FO
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
Line Holder
Joined: Oct 2013
Posts: 972
Likes: 1
From: 7ERA
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: Apr 2011
Posts: 5,816
Likes: 5
From: retired 767(dl)
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: Nov 2012
Posts: 65
Likes: 0
From: Delta FO
Thanks. I have in-laws in Atlanta, so Atlanta is pretty much my destination. I'm trying to get some distinction among the aircraft mentioned (MD88, 717, 320, 737) based on near-term (5 yr) seniority progression only. Trip QOL and pay are separate factors.
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