ExpressJet take home pay
05-28-2011, 05:58 PM
#11
Gets Weekends Off
Joined APC: Feb 2008
Posts: 161
Originally Posted by 3stripes
My wife and I are trying to do some budgeting for the year ahead. I start with XJT on the 6/6 class. I'm wondering what kind of money I can expect to make each month after tax? I'll have no other deductions as my wife's company gives us great insurance and we've got a stand alone 401k going.
Any help would be appreciated.
Any help would be appreciated.
Second year pay take home is about $1900 + per diem if you aren't paying for health insurance.
05-28-2011, 06:35 PM
#12
Gets Weekends Off
Thread Starter
Joined APC: Nov 2010
Position: EMB145 FO
Posts: 273
Thanks for the help guys. I'll definitely be taking the disability.
Regarding the 401k, it just doesn't work for our situation. We are intending to move to the UK when we have kids and 401ks don't transfer. We have UK pension plans going already and my wife has a very good 401k with her company just in case. Our financial advisor has set us up with a pretty sweet deal specifically for our situation, so it wouldn't make too much sense to take the 401k option. Although it does sting a bit knowing that we're essentially turning down additional long term income from the company.
Regarding the 401k, it just doesn't work for our situation. We are intending to move to the UK when we have kids and 401ks don't transfer. We have UK pension plans going already and my wife has a very good 401k with her company just in case. Our financial advisor has set us up with a pretty sweet deal specifically for our situation, so it wouldn't make too much sense to take the 401k option. Although it does sting a bit knowing that we're essentially turning down additional long term income from the company.
05-28-2011, 08:35 PM
#13
Gets Weekends Off
Joined APC: Dec 2007
Posts: 691
Originally Posted by 3stripes
Thanks for the help guys. I'll definitely be taking the disability.
Regarding the 401k, it just doesn't work for our situation. We are intending to move to the UK when we have kids and 401ks don't transfer. We have UK pension plans going already and my wife has a very good 401k with her company just in case. Our financial advisor has set us up with a pretty sweet deal specifically for our situation, so it wouldn't make too much sense to take the 401k option. Although it does sting a bit knowing that we're essentially turning down additional long term income from the company.
Regarding the 401k, it just doesn't work for our situation. We are intending to move to the UK when we have kids and 401ks don't transfer. We have UK pension plans going already and my wife has a very good 401k with her company just in case. Our financial advisor has set us up with a pretty sweet deal specifically for our situation, so it wouldn't make too much sense to take the 401k option. Although it does sting a bit knowing that we're essentially turning down additional long term income from the company.
05-29-2011, 04:58 AM
#14
Gets Weekends Off
Thread Starter
Joined APC: Nov 2010
Position: EMB145 FO
Posts: 273
It essentially related to the ability to access money in a 401k from overseas if we were ever to make the move back across the pond. There could be double taxation issues once we made the move unless we fail to declare the 401k in the UK, which isn't really an option. It's all very complicated, and in all honesty I'm still trying to get my head round it, but it certainly seems to be more trouble than it's worth unless we plan to retire in the US, which we probably won't.
05-29-2011, 07:21 AM
#15
Gets Weekends Off
Joined APC: Mar 2006
Position: EMB 145 FO
Posts: 425
Originally Posted by afterburn81
Wow, so on first year reserve pay you are taking home 30K a year? That's incredible. I take home a little more than that after 4.5 years and 90+ hours on a better paying aircraft.
Guess I'm at the wrong airline or something like that.
Guess I'm at the wrong airline or something like that.
05-29-2011, 07:38 AM
#16
Gets Weekends Off
Joined APC: Apr 2007
Position: A320
Posts: 1,308
Makes me laugh that a people working for the airlines have financial advisers. Do these people work for the airline too? Seems as if anyone with a good head on their shoulders and an understanding of finances would be sure to advise against becoming employed by an airline.
A college education in aviation to become employed as a front line employee at an airline is probably the worst investment ever.
Just saying....
A college education in aviation to become employed as a front line employee at an airline is probably the worst investment ever.
Just saying....
05-29-2011, 01:59 PM
#18
Line Holder
Joined APC: May 2011
Posts: 40
any idea which base new hires can expect to get and how many new hires XJT is looking for in the near future? also what are they looking for in terms of total time?
i have 800 TT and 500 multi, all of which is on the ATR42. thanks.
i have 800 TT and 500 multi, all of which is on the ATR42. thanks.
05-29-2011, 02:09 PM
#20
Line Holder
Joined APC: May 2011
Posts: 40
Originally Posted by 3stripes
I was told to expect either ORD or EWR. Not sure I times, I had 1200tt with 900 multi turbine. I think with your turbine experience you'd be in with a chance.
and once you put in an app, how long does it take for them to usually get back to you? and any idea of number of new hires they are looking for?
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