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I thought that was VTSAX?Originally Posted by Duffman
2) SPY is the gold standard for "the market"
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you will only be assessed (fairly moderate) penalties and fees if your tax payments were
1) less than owed, AND
2) less than you paid last year
in the situation of a significant windfall bonus, you could reduce withholding for the rest of the calendar year and pay in April.
yeah for the flow payments, you could. I took the post I responded to as someone doing this to their whole incomeOriginally Posted by ZeroTT
actually you canyou will only be assessed (fairly moderate) penalties and fees if your tax payments were
1) less than owed, AND
2) less than you paid last year
in the situation of a significant windfall bonus, you could reduce withholding for the rest of the calendar year and pay in April.
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Same result. It's 0.5% per month for the amount you've underpaid. https://www.investopedia.com/avoid-a...enalty-4582634Originally Posted by OOfff
yeah for the flow payments, you could. I took the post I responded to as someone doing this to their whole income
Not advising anyone do this though. The point is that If you invest a little every paycheck and cut it really close on your withholding, then it's not the end of the world if you come up a little short at the end of the year... as long as you didn't lose it all on weekly YOLO GME OTM calls
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To people asking what SPY is, it's the S&P 500: https://en.wikipedia.org/wiki/List_o..._500_companies
VOO is cheaper. YMMV.Originally Posted by Duffman
2) SPY is the gold standard for "the market" and it's your best bet for outpacing inflation with low-risk, steady gains. It's average performance from the 20s to 2019 was around 10% per year (higher lately, but so is inflation). $8,000 invested in 1980 would be almost $800k today. Regardless, the specific value of projected gains wasn't the pointTo people asking what SPY is, it's the S&P 500: https://en.wikipedia.org/wiki/List_o..._500_companies
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Envoy captains don't clear 80 on min guarantee eitherOriginally Posted by coodrough568
us over at Mesa are working with our glorious MEC on our pay raise right now. Currently we gross around 60k on our min guarantee. But we will be upwards of 110k+ when it’s all said and done
Rising tides and all that...
Theaveragejoker
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I didn’t clear $80k as a 6yr captain last year. 
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6 year captain? You’d have been on pay band C. At line holder pay min guarantee, you should have JUST broken the $80k barrier and as a reserve pilot (if you bid to be… and if you lived in base, I’d have bid reserve last year) you’d definitely have broken $80k. Originally Posted by Theaveragejoker
I didn’t clear $80k as a 6yr captain last year.
Did you have some unpaid leave? Drop some trips?
Of course I’m assuming this is in reference to breaking $80k at Envoy in the post above.
