ExpressJet take home pay
05-28-2011 | 05:58 PM
#11
Gets Weekends Off
Joined: Feb 2008
Posts: 161
Likes: 0
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
Thread Starter
Gets Weekends Off
Joined: Nov 2010
Posts: 273
Likes: 0
From: EMB145 FO
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: Dec 2007
Posts: 691
Likes: 0
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
Thread Starter
Gets Weekends Off
Joined: Nov 2010
Posts: 273
Likes: 0
From: EMB145 FO
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: Mar 2006
Posts: 426
Likes: 0
From: EMB 145 FO
Sounds like you are. On 2nd year pay I will make over 45. You must fly one of those heavy embraer jets.
05-29-2011 | 07:38 AM
#16
Line Holder
Joined: Apr 2007
Posts: 1,412
Likes: 12
From: A320
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: May 2011
Posts: 40
Likes: 0
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: May 2011
Posts: 40
Likes: 0
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?
Thread
Thread Starter
Forum
Replies
Last Post
captain_drew
Flight Schools and Training
39
12-05-2012 08:29 AM
