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Old 11-13-2024 | 06:27 AM
  #41  
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Originally Posted by ThumbsUp
Transferring your traditional ira a 401k solves this problem.
If does , IF the plan allows it, I honestly don’t know Id the PRAP does or not..
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Old 11-13-2024 | 06:35 AM
  #42  
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The union usually puts information out late November / early December for guidiance on retirement planning in the subsequent year, so definitely be on the lookout for that.
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Old 11-13-2024 | 06:37 AM
  #43  
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Originally Posted by 744ButtonPusher
If does , IF the plan allows it, I honestly don’t know Id the PRAP does or not..
It does. I’ve done it just for that reason. Or more correctly put, it did. I have no idea if it still does, but I would assume so.
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Old 11-13-2024 | 06:38 AM
  #44  
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Originally Posted by AF OneWire
And your PRAP cash 17% will be reduced by taxes. Lots and lots of taxes.
And lets not forget that ALPA gets a taste as well.
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Old 11-13-2024 | 06:38 AM
  #45  
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I'm excited for our 18% DC in 2026; compounded with the annual raise, that should make maxing 415(c)(1)(A) limits that much easier.
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Old 11-13-2024 | 08:01 AM
  #46  
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Originally Posted by yellowNEO
I'm excited for our 18% DC in 2026; compounded with the annual raise, that should make maxing 415(c)(1)(A) limits that much easier.
and let's not forget we taste that because of ALPA
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Old 11-13-2024 | 10:58 AM
  #47  
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Originally Posted by dmeg13021
and let's not forget we taste that because of ALPA
And ALPA is compensated handsomely $5-10k per year per United pilot on average (~17,000 pilots?). Would be nice if that was a deductible work-related expense.
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Old 11-13-2024 | 01:03 PM
  #48  
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Originally Posted by LJ Driver
And ALPA is compensated handsomely $5-10k per year per United pilot on average (~17,000 pilots?). Would be nice if that was a deductible work-related expense.
It is….as far as I know union dues have always been a legal deduction.
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Old 11-13-2024 | 03:00 PM
  #49  
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Originally Posted by JoePatroni
It is….as far as I know union dues have always been a legal deduction.
They aren’t deductible anymore (c 2018).
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Old 11-13-2024 | 05:45 PM
  #50  
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Originally Posted by LJ Driver
They aren’t deductible anymore (c 2018).
This is correct federally, although some states will let you deduct them.
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