I got paroled!

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04-02-2007 | 05:04 PM

#21

POPA

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Gets Weekends Off

Joined: Jul 2006

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Quote:

Originally Posted by Palmtree Pilot

You don't pay taxes on a "Roth" IRA. Your contributions are not tax deductable.

Good move, and let all of your newhire class buddies know that it is a smart move. This place is going down!

PtP

My understanding was that the initial contribution to a Roth IRA is taxable, and subesquent contributions are not. I haven't done enough research to understand the complications of the IRA yet, but I do know that it's definitely not too early to start saving for retirement - especially not in this industry!
As far as my new-hire class buddies go: at a minimum, we've lost 5 (including me) to CHQ, one to XJT, and one to a general dislike of the 121 business. This, of course, is only the people I know of. We're leaving like the proverbial rats.

04-02-2007 | 05:05 PM

#22

POPA

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Gets Weekends Off

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Quote:

Originally Posted by ToiletDuck

Yea one of the guys in my interview group put his answers in his booklet and not in the scantron. He scored a zero lol. He got hired though they thought it was funny. He is from TSA i believe. He's in the April 5th class.

I may be wrong, but I'm not sure that the aptitude test makes a huge difference. I got the call to come to class about half an hour after I interviewed, so there certainly wasn't enough time to send my answer booklet to a third party for scoring.

04-02-2007 | 06:01 PM

#23

ToiletDuck

Che Guevara

Joined: Aug 2005

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They dont do a third party they have the machine in the back room and a lady there that does them while you are being interviewed

04-02-2007 | 08:17 PM

#24

BoilerUP

Doing One Pilot's Job

Joined: Sep 2005

Posts: 7,891

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Roth contributions are made with post-tax funds....and therefore are not taxed again.

04-02-2007 | 08:22 PM

#25

mccube5

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Joined: Sep 2005

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The gov't needs to revise the system and make those contributions non-taxable. It's baloney that down the road they are gonna find a way to tax you on that money when u get older, just another way they are double dipping.

04-03-2007 | 03:55 AM

#26

G-Dog

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Joined: Apr 2006

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From: ERJ 170

Quote:

Originally Posted by mccube5

People need to start looking at what the fellow in Georgia is promoting. He has some radio guy helping to get the word out, Neal Boortz(I think). They call it Fair Tax. I have done a little bit of reading on this and it would solve a lot of problems.