2014 Profit Sharing?
02-02-2015 | 01:21 PM
#113
Gets Weekends Off
Joined: Nov 2013
Posts: 1,168
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From: Gets weekends off
02-02-2015 | 01:27 PM
#115
Gets Weekends Off
Joined: Nov 2013
Posts: 1,168
Likes: 0
From: Gets weekends off
02-04-2015 | 03:52 PM
#117
Gets Weekends Off
Joined: Aug 2013
Posts: 2,159
Likes: 1
If you do that, do you run the risk of shorting yourself B fund contributions?
I understand that if you max it all out by Oct 1, there may not be room under IRS rules to receive the company's B fund contributions in the fourth quarter.
As a technique, I only put in 7% from Jan to Sept, and then I take a look at it in October and see what needs to be done.
Just food for thought.....
02-04-2015 | 04:27 PM
#118
Gets Weekends Off
Joined: Nov 2013
Posts: 1,168
Likes: 0
From: Gets weekends off
If you do that, do you run the risk of shorting yourself B fund contributions?
I understand that if you max it all out by Oct 1, there may not be room under IRS rules to receive the company's B fund contributions in the fourth quarter.
As a technique, I only put in 7% from Jan to Sept, and then I take a look at it in October and see what needs to be done.
Just food for thought.....
I understand that if you max it all out by Oct 1, there may not be room under IRS rules to receive the company's B fund contributions in the fourth quarter.
As a technique, I only put in 7% from Jan to Sept, and then I take a look at it in October and see what needs to be done.
Just food for thought.....
Even my contributions PLUS the company was less than the IRS max. I had to do a post-tax contribution to max it out.
That's great though that you track it and contribute. Its probably one of the best and easiest investment vehicles we have access to.
02-04-2015 | 05:36 PM
#119
Gets Weekends Off
Joined: Feb 2011
Posts: 3,866
Likes: 0
If you do that, do you run the risk of shorting yourself B fund contributions?
I understand that if you max it all out by Oct 1, there may not be room under IRS rules to receive the company's B fund contributions in the fourth quarter.
As a technique, I only put in 7% from Jan to Sept, and then I take a look at it in October and see what needs to be done.
Just food for thought.....
I understand that if you max it all out by Oct 1, there may not be room under IRS rules to receive the company's B fund contributions in the fourth quarter.
As a technique, I only put in 7% from Jan to Sept, and then I take a look at it in October and see what needs to be done.
Just food for thought.....
02-04-2015 | 08:08 PM
#120
Don't say Guppy
Joined: Dec 2010
Posts: 1,926
Likes: 0
From: Guppy driver
That's a good thing to think about. Fortunately, if we do exceed the IRS limit, the company contributions don't stop, but they flow over into the Retiree Health Account / VEBA. For me, I'd like to get as much in there as I can, if I ever make that much to cause a flow over.
I have very fresh memories of what happened last time ALPA and UAL were in charge of my retirement dollars. I don't want to repeat the same mistake twice.
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