Ta 2017
11-21-2017, 01:24 PM
#771
Gets Weekends Off
Joined APC: May 2017
Posts: 1,793
Originally Posted by flydiamond
May I suggest an IRA?
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11-21-2017, 01:42 PM
#772
Gets Weekends Off
Joined APC: Nov 2012
Position: CaptFo
Posts: 997
Originally Posted by Space Ranger
Won’t be a pay cut for this guy<— all of you no people(~150) would’ve voted no to anything. I get y’all are jaded because you were beaten as a young pup in this industry, but times are changin. Get with the program.
11-21-2017, 03:08 PM
#773
Gets Weekends Off
Joined APC: Feb 2016
Posts: 2,559
You sound like you know your investing, but let me see if my math is correct.
Pre-TA 401k: 6% of $30K = $1800 you, $900 company, $2700 annually.
Post-TA 401K: 3% of $50K = $1500 you, $1500 company, $3000 annually.
So you put in $300 less, the company puts in $600 more, and that’s just min contribution on your part.
If my math is correct, then how is the 401K a red herring?
(Of course, this only works to ANYONE’S advantage if they stay for 5 years to get full vesting.)
Pre-TA 401k: 6% of $30K = $1800 you, $900 company, $2700 annually.
Post-TA 401K: 3% of $50K = $1500 you, $1500 company, $3000 annually.
So you put in $300 less, the company puts in $600 more, and that’s just min contribution on your part.
If my math is correct, then how is the 401K a red herring?
(Of course, this only works to ANYONE’S advantage if they stay for 5 years to get full vesting.)
Originally Posted by Casualinterest
Got two (traditional and Roth) plus a 529 and esa for my daughter. Hsa as well... I'm good haha. I'm just saying, it's easy for guys to get sucked into just contributing 3% now to get the match instead of the 6% before. There's a big long term difference there.
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11-21-2017, 04:55 PM
#776
Gets Weekends Off
Joined APC: Feb 2016
Posts: 2,559
Is that more of the Envoy koolaid?
It’s been clear since day 1, not sure where you may have heard this. Pay rate, as in how much we get paid per hour of credit. Even if you sit at home all month and fly zero hours.
It’s been clear since day 1, not sure where you may have heard this. Pay rate, as in how much we get paid per hour of credit. Even if you sit at home all month and fly zero hours.
Originally Posted by ALTsel
I heard that the new payrates only apply to hours acrewed that are above the min guarantee... Thats doesnt seem right. Can someone clear this up for me please?
Thanks.
Thanks.
11-21-2017, 04:56 PM
#777
Gets Weekends Off
Joined APC: Oct 2017
Posts: 271
Originally Posted by ALTsel
I heard that the new payrates only apply to hours acrewed that are above the min guarantee... Thats doesnt seem right. Can someone clear this up for me please?
Thanks.
Thanks.
11-21-2017, 04:57 PM
#778
Gets Weekends Off
Joined APC: Jun 2016
Posts: 139
Originally Posted by ALTsel
I heard that the new payrates only apply to hours acrewed that are above the min guarantee... Thats doesnt seem right. Can someone clear this up for me please?
Thanks.
Thanks.
11-21-2017, 05:09 PM
#780
Gets Weekends Off
Joined APC: Feb 2008
Position: FIRE ALPA
Posts: 3,082
Originally Posted by Space Ranger
Won’t be a pay cut for this guy<— all of you no people(~150) would’ve voted no to anything. I get y’all are jaded because you were beaten as a young pup in this industry, but times are changin. Get with the program.
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