RHA VEBA Vacation email
12-10-2017 | 09:25 AM
#4
Gets Weekends Off
Joined: May 2009
Posts: 3,076
Likes: 3
From: The GF of FUPM
I received the letter.
"You are receiving this notice because you may be eligible to make a post-tax contribution to the United Airlines Pilot Retirement Account Plan (“PRAP”) for the 2017 plan year, which ends December 31, 2017.
Post-tax contributions can be made after you have made the maximum pre-tax and/or Roth 401(k) deferral contribution for 2017 ($18,000 if you are under age 50, plus an additional $6,000 if you are age 50 or older in 2017). Contributions made on your behalf will also be considered in the calculation"
"You are receiving this notice because you may be eligible to make a post-tax contribution to the United Airlines Pilot Retirement Account Plan (“PRAP”) for the 2017 plan year, which ends December 31, 2017.
Post-tax contributions can be made after you have made the maximum pre-tax and/or Roth 401(k) deferral contribution for 2017 ($18,000 if you are under age 50, plus an additional $6,000 if you are age 50 or older in 2017). Contributions made on your behalf will also be considered in the calculation"
12-10-2017 | 09:48 AM
#6
Gets Weekends Off
Joined: May 2009
Posts: 3,076
Likes: 3
From: The GF of FUPM
There are probably some relatively minor tax implications, but I don't know enough to comment on them.
On the plus side, any pre-tax monies that you can stash away to be used later...seems to be a no-brainer to me since you'll lower your taxable income and add to your account. That is, of course, provided that you and your spouse don't meet an untimely demise and just wind up leaving that money to the gubmint.
On the plus side, any pre-tax monies that you can stash away to be used later...seems to be a no-brainer to me since you'll lower your taxable income and add to your account. That is, of course, provided that you and your spouse don't meet an untimely demise and just wind up leaving that money to the gubmint.
12-10-2017 | 11:38 AM
#7
Banned
Joined: Jun 2008
Posts: 2,282
Likes: 0
From: A320 Cap
However... if you are not married and/or don’t have kids, you cannot designate a beneficiary. So if you die, that money goes back into the pilot pool. Just FYI
12-10-2017 | 02:32 PM
#8
Line Holder
Joined: Mar 2005
Posts: 410
Likes: 3
I have a friend who's dad was an executive with a VEBA and he told me about all the things he purchased with it. It's not just for copays, folks!
It's a very flexible benefit and the more I learn about it the more I like it.
12-10-2017 | 03:53 PM
#9
Gets Weekends Off
Joined: Mar 2012
Posts: 2,209
Likes: 6
From: 777
I received the letter.
"You are receiving this notice because you may be eligible to make a post-tax contribution to the United Airlines Pilot Retirement Account Plan (“PRAP”) for the 2017 plan year, which ends December 31, 2017.
Post-tax contributions can be made after you have made the maximum pre-tax and/or Roth 401(k) deferral contribution for 2017 ($18,000 if you are under age 50, plus an additional $6,000 if you are age 50 or older in 2017). Contributions made on your behalf will also be considered in the calculation"
"You are receiving this notice because you may be eligible to make a post-tax contribution to the United Airlines Pilot Retirement Account Plan (“PRAP”) for the 2017 plan year, which ends December 31, 2017.
Post-tax contributions can be made after you have made the maximum pre-tax and/or Roth 401(k) deferral contribution for 2017 ($18,000 if you are under age 50, plus an additional $6,000 if you are age 50 or older in 2017). Contributions made on your behalf will also be considered in the calculation"
Don't know if I'll be able to do that this year. I've been putting a big chunk of profit sharing into the 401k.
12-10-2017 | 04:03 PM
#10
Line Holder
Joined: Jun 2010
Posts: 943
Likes: 0
From: 747 Captain, retired
There are probably some relatively minor tax implications, but I don't know enough to comment on them.
On the plus side, any pre-tax monies that you can stash away to be used later...seems to be a no-brainer to me since you'll lower your taxable income and add to your account. That is, of course, provided that you and your spouse don't meet an untimely demise and just wind up leaving that money to the gubmint.
On the plus side, any pre-tax monies that you can stash away to be used later...seems to be a no-brainer to me since you'll lower your taxable income and add to your account. That is, of course, provided that you and your spouse don't meet an untimely demise and just wind up leaving that money to the gubmint.
Last edited by krudawg; 12-10-2017 at 04:04 PM. Reason: spelling
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