PSA info
11-27-2016, 06:28 AM
#5151
Gets Weekends Off
Joined APC: Feb 2007
Posts: 2,487
Originally Posted by irrelevant
Yes, every w-2 dollar I earn at PSA is taxed at 39.6%, because if I didn't earn it, I'd still be paying 39.6% on the "last dollar earned". It is absolutely in my interest to reduce my w-2 income by maxing the 401(k) contribution. It's not about earning less - it's about retaining and growing more of what little I earn flying airplanes.
Now if you have enough passive income (or you're married to a doc) that you can afford to max out a 401(k) while still having enough to maintain whatever lifestyle you expect, then by all means. BUT, if one's income is under the limits for a Roth IRA, then they should max out their 401(k) match, then the Roth, then back to the 401(k).
11-27-2016, 06:53 AM
#5152
Gets Weekends Off
Joined APC: Nov 2016
Posts: 371
Originally Posted by SkyknightJohn
Agreed on both. Printing much of it and building a file helps. Also, I'm approaching it a little like the military... show up and learn the real scoop from the people doing the training, rather than the recruiter. Plan for the worst, be happy when it turns out different. 
AMEN
A big confusing point I have is when does pay & per diem start? Earlier in the thread it was indicated we are not "on property" until FO class. This agrees with what the recruiters suggested in the interview (i.e. don't pass the ATP-CTP=not hired.) However, my new hire forms all listed the first day of ATP-CTP as my DOH. Anyone recently through care to chime in?
(still planning to not be paid until FO begins, but would be happy to find out different.)
AMEN A big confusing point I have is when does pay & per diem start? Earlier in the thread it was indicated we are not "on property" until FO class. This agrees with what the recruiters suggested in the interview (i.e. don't pass the ATP-CTP=not hired.) However, my new hire forms all listed the first day of ATP-CTP as my DOH. Anyone recently through care to chime in?
(still planning to not be paid until FO begins, but would be happy to find out different.)
Pay does not begin until 19th, as I understand it.
It stated such somewhere...
11-27-2016, 09:17 AM
#5154
Gets Weekends Off
Joined APC: Jul 2008
Posts: 425
Originally Posted by TallFlyer
My main point (however poorly stated) that people need to hear is that earning enough to put you into a higher tax bracket doesn't automatically go back and tax all of your earnings below that bracket at a higher rate. So when I hear people say that don't want to earn enough to put them in a higher tax bracket I tend to groan a little inside because it seems obvious that there's something they don't understand.
Now if you have enough passive income (or you're married to a doc) that you can afford to max out a 401(k) while still having enough to maintain whatever lifestyle you expect, then by all means. BUT, if one's income is under the limits for a Roth IRA, then they should max out their 401(k) match, then the Roth, then back to the 401(k).
Now if you have enough passive income (or you're married to a doc) that you can afford to max out a 401(k) while still having enough to maintain whatever lifestyle you expect, then by all means. BUT, if one's income is under the limits for a Roth IRA, then they should max out their 401(k) match, then the Roth, then back to the 401(k).
11-27-2016, 06:50 PM
#5155
Gets Weekends Off
Joined APC: Apr 2015
Posts: 323
Originally Posted by SkyknightJohn
Agreed on both. Printing much of it and building a file helps. Also, I'm approaching it a little like the military... show up and learn the real scoop from the people doing the training, rather than the recruiter. Plan for the worst, be happy when it turns out different.
A big confusing point I have is when does pay & per diem start? Earlier in the thread it was indicated we are not "on property" until FO class. This agrees with what the recruiters suggested in the interview (i.e. don't pass the ATP-CTP=not hired.) However, my new hire forms all listed the first day of ATP-CTP as my DOH. Anyone recently through care to chime in?
(still planning to not be paid until FO begins, but would be happy to find out different.)
A big confusing point I have is when does pay & per diem start? Earlier in the thread it was indicated we are not "on property" until FO class. This agrees with what the recruiters suggested in the interview (i.e. don't pass the ATP-CTP=not hired.) However, my new hire forms all listed the first day of ATP-CTP as my DOH. Anyone recently through care to chime in?
(still planning to not be paid until FO begins, but would be happy to find out different.)
11-28-2016, 05:56 AM
#5159
On Reserve
Joined APC: Mar 2015
Posts: 18
Originally Posted by soitgoes
Two quick questions:
1. Received an email about the CTP course saying, "You will be transported to Cincinnati Muncipal-Lunken Airport to take the written test on December 15 or December 16". Is this to take the actual ATP written, or is this the end-of-course test for the CTP portion, and we're responsible for setting-up the ATP written on our own?
2. Does anyone have any gouge on training dates for the holiday period? Class start date is the 19th, so I'll obviously be in training for Xmas and New Year's... I understand we get those holidays off, but since they both fall on the weekend this year, would anyone have a clue how that works out? Not a big deal really, just trying to figure out how much time I'll have to pack up the family and divy-up trips between all the different family members, if any...
Thanks
1. Received an email about the CTP course saying, "You will be transported to Cincinnati Muncipal-Lunken Airport to take the written test on December 15 or December 16". Is this to take the actual ATP written, or is this the end-of-course test for the CTP portion, and we're responsible for setting-up the ATP written on our own?
2. Does anyone have any gouge on training dates for the holiday period? Class start date is the 19th, so I'll obviously be in training for Xmas and New Year's... I understand we get those holidays off, but since they both fall on the weekend this year, would anyone have a clue how that works out? Not a big deal really, just trying to figure out how much time I'll have to pack up the family and divy-up trips between all the different family members, if any...
Thanks
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