If your custodian offers in-plan conversions you immediately convert that after-tax money to Roth and thus pay no taxes on the capital gains when you withdraw in retirement. Look up ‘mega backdoor Roth’.

You can also do that from just a normal after tax IRA so no need to use your custodian to do a back door Roth.

If Roth is your goal, do both.

I think I read recently that a new bill passed will allow company contributions to be in the form of Roth 401k contributions starting in 2024...So you won't have to race them with your own money...you can designate all 401k contributions to be after-tax then.

Both sounds great but at some point I like to have some cash to spend today. I think I'll enjoy having nice things in my 40s just as much as in my 60s/70s...I will venture to guess that almost everyone posting on here has an effective savings rate probably double the national avg and will be just fine in retirement barring a total collapse of the market. Not saying yours isn't a great idea, it is, but I have seen some very well off people who don't plan to retire early but still live like they have no money. And my question is to what end? Side tracked a little..my apologies.

That's entirely up to you... it just seems like some people don't know of that feature. If you have more money than you need and want more roth, it's a good, tax-efficient place to put it. At UAL, we don't have cash over cap, so I limit it to the max combined contribution to avoid more money than I'd like in our Rertiree Health Account, where the spill goes.

I hadn’t heard that. If so, that’s fantastic news.

Total IRA contributions for 2023 (if under 55) are limited $6500. For a 401(k) the limit is $66,000. A backdoor Roth and mega backdoor Roth are two separate things and you can take advantage of both at the same time.

Stay on topic, and don’t post your 401k contributions, they don’t count. Only what your employer puts into your account.
hella.

AS
3rd yr. FO (3mo at yr 4)
212k gross
630 block
Avg 14 off, drive to work
Sick pay $28k lol

The 401k topic and cash-over-cap are very much apart of the compensation package discussion when it isn’t industry wide. Agree on personal 401k contributions being irrelevant.

B6
1-2 Year FO 320 (half year on year 2 pay)
440 Block (a month in transition training, another month waiting for OE)
Avg 18 off, live in base

160K Gross
About 25K in 401K DC
185K Total Comp

2021 Year End Salary ON TOPIC
 

Just thought I'd attempt to restart this under a different thread because there is way too much drift in the other one. How about just keep it on topic here, just:

Carrier
Position
Year
Earnings
Block/TFP
Anything like working thru vacay etc

Ummmm bro!…..it’s 2022.

Good call on the ALL CAPS. Just might work

I’m just here for the pacific crossings.

Alaska 2017 FO 737
 

Alaska April 2017 FO. 1.5 hour drive to base.
Total of flight pay: $163,940.64
Signing bonus: $22,000
Total 2022 earnings: $185,940.64
401(k): $23,100.02

So total compensation: $209,040.66

Total FAA block time 571:12
Total flight pay(credit) 880:44
12 month Ave: 73:26 credit per month

248 days at home consisting of:
205 days off off
18 days sick
15 days vacation
11 days home as Unused Reserve or cancelation makeup
64 overnights away

Average 20.66 days home per month
17.08 days off off per month
5.33 overnights per month.

Have never flown premium nor extended.
Feels like I spend 364 days bidding and double my flight block in time looking at crew acesss (alaska scheduling site). I typically prefer to work as little as they let me.

Does that include MWCR?

Thats so last year…

Don’t you need a line for total pay divided by days off times the square root of annual days at training?

Btw, how much can go in my IRA? How does that back door ROTH work?

Delta 12-year 757/767A.

$370K.

Does not include per diem or B-fund (except overages.)

Delta Year 7/8 320FO (about half the year on each). Live in base.

Final paystubs for the year aren't out yet so I interpolated some of this data but it should be pretty close.
Total of flight pay: $255K (includes $6K per diem)
Profit sharing + performance incentive (Shared Rewards) pay: $1900
Company 401(k) contributions: $39.5K
Total 2022 earnings: $296.4K

Average monthly block: 45:25
Average monthly credit: 115:10
Average days worked: 11.2 days/month
These numbers are from the company dashboard and I didn't dig too deep on the methodology but they seem pretty accurate. I was kinda surprised by the nearly 3:1 ratio of credit to block, but thinking back it seems about right. There were a couple months where reroutes were almost nonstop which helped drive my credit (and blood pressure!) to eye watering levels.

doesn’t anyone want to hear my humble brag about my side gig consultant work??

I made 300k at my construction company and did 15 pacific crossings to Hawaii.

I made $310k doing voiceover work for Cessna on all their new autopilots. "PITCH TRIM!!"

AA
All year 1 pay due to training date
754 block
$103,3xx
$40xx 401k

$107,3xx

Regional pilots make more

DAL FO turned CA (2016 Hire)
 

6 year Delta FO
Upgraded to CA mid-summer 2022
Live in base
Bid Reserve 60-70% of the year
Blocked approx 450 hours

333k Pilot Pay
13k 401k Excess (post tax)
6.5k Per Diem
2.0k Profit Sharing / Shared Rewards
40.5k Company 401k contribution (pre tax)

Donated 2k from paycheck to Delta Care Fund/DPMA

Total: 395k (approx)

Allegiant

12+ year scale CA

$475k+ gross pay

I worked for it……a little bit of hustling….

Delta

4th year 757/767B

Flight pay/per diem/401k excess: 345k
company 401k contributions: 40.5k

Total: 385k

Generally not senior enough for OE buyoffs. Blocked 750 hours and worked way too hard. Will not be doing that again.

I just tried to say soemthing funny in all caps and it won't let me. That's no fun.

FedEx WB FO 5 year pay rate (1 month at 6 year pay)
Lineholder, zero trips picked up, used all vacation

$225k gross
$8.3k per diem
$20k company contributions to 401k
$4.3k company contributions to HSA
$257.6k total compensation

$8k/month vested pension benefit

137 days worked (includes 5 sick days)
Average 19 days off per month
226 block hours
119 legs
54 landings

$1140 per block hour
$1881 per day

Not company compensation but did earn 330,000 miles and 1K status on UAL for deadheading.

Man, I feel like a slacker.

Delta NB FO year 7
$169k flight pay.

Average monthly credit was 68 hours. Min was 52. I did manage 100 hours of scheduling malfeasance pay throughout the year.

Lol! "Trim in motion". I'm pretty sure they paid Dr. Phil to do the voice over work on those Cessnas.

BACKFIELD IN MOTION. You know it's against the rules.

Looks like Southwest is hoping to be running a full schedule tomorrow.

https://www.nytimes.com/2022/12/29/b...s-updates.html

And then, until Sunday to get the SAFUS all cleared up.

Sure… 1 flight.

$169k is including 401k?
How about total actual flight time in 2022?

No. That's just hourly gross pay. Not including any per diem or retirement. With per diem and other compensation I think it was like $176k. Still not including retirement

Total flight time around 380

Can I play?
 

I got my CJO and start 9 January at ATI for my first job in commercial aviation.

So let me tell you instead, how in debt I am from this venture:

Cessna 150 bought before 1 hour of airplane training: $43500
CSEL/CMEL/instruments 141 training: $36400
Petrol: $2604
Insurance: $1300 (should be partially refunded)
Profits from selling plane: $3600
Resume review: $125
Emerald coast interview prep: $400
Raven airline app review (irony not lost on me): $300
Logbook software: $300+ and 3 different ones tried. Still not sure if I like what I got.
Checkrides: $1900
ATP-CTP: $3999
ATP written and study software: $225

Starting off at a home based cargo airline I never dreamed I'd get for my first venture into this profession. Pretty damn priceless.
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