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- - UPS Pay Rates (https://www.airlinepilotforums.com/ups/138890-ups-pay-rates.html)

Quote:

Originally Posted by MTSUFlyer (Post 3479625)

I've received conflicting answers from financial advisors about whether it was OK to roll directly into a ROTH IRA or necessary to first go to a traditional IRA then convert to a ROTH. Since I already have a traditional IRA set up for backdoor ROTH conversions, I just roll the ATTD into the traditional as well. It might be unnecessarily conservative extra step. I guess it depends on who at Fidelity is answering the phone that day.

The additional 5% is the same thing as the $3,900. 5% is the max paycheck deduction you can select. If you are making $305K+ and are contributing 5% into the MPP (ATTD), you will hit $3,900 well early in the year and will want to stop continuing to contribute since we don't get cash over cap.

If you accidentally contribute to much after tax, Fidelity will send you a check for the overage the following January. The company will always contribute their 12% on your first $305k (or whatever the limit happens to be). The union does ask that you do your best not to go over the limit with your after tax contributions, but as an FO, it can be hard to predict what your after tax contribution withholding should be. My income has varied by well over $50k/yr based off of how lazy/hard working I am and JA opportunities.

Quote:

Originally Posted by MTSUFlyer (Post 3479625)

But, if you did it that way you are paying tax on it before it goes in and after it comes out.

Quote:

Originally Posted by Night_Hawk (Post 3480279)

But, if you did it that way you are paying tax on it before it goes in and after it comes out.

You don’t pay taxes on a Roth when it comes out.

Quote:

Originally Posted by EhV8R (Post 3476419)

What does a 2nd officer do, just a relief pilot on augmented crew flights?

Sent from my SM-S906U using Tapatalk

Sit sideways.

Could anyone post updated rates? Thanks

Quote:

Originally Posted by ErnieG (Post 3811830)

Could anyone post updated rates? Thanks

https://i.imgur.com/MR2rrWK.jpeg

Current rates are 3.25% less than 1Sept24 rates.

Quote:

Originally Posted by BoilerUP (Post 3811847)

https://i.imgur.com/MR2rrWK.jpeg

Current rates are 3.25% less than 1Sept24 rates.

Thank you kindly

Curious why UPS keeps their first year pay so low

Quote:

Originally Posted by travisj9020 (Post 3942880)

Curious why UPS keeps their first year pay so low

So you don’t bounce before being dedicated and financially set.