ultrarunner
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 4,322
Is it taxable?
Of course! AND will put some on a higher bracked and/or be taxes at a slightly higher rate.
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Is it taxable?
As Social Security and Medicare goes broke, Congress will rasie the retirement age to 75 in the next 20 years. The new for retirement age for everyone will also move up.
Is it taxable?
Apparently if you use Turbo-Tax there is....Is any income not taxable?
Is any income not taxable?
Here's a crazy idea: why don't guys like you get at least half as interested in this www.pilotpensionnow.com as you are in increasing the retirement age and being a detriment to your fellow workers?
While I agreed with the need to sh*tcan the RLA, thanks but no thanks on a Railway retirement benifit. Here's the ROUGH math: My latest ssn statement, based on what I've paid in to date says i'll get $1671/mo @ age 67, $2130 if I wait to draw it at 70. I'll retire from DAL as a narrowbody capt, using today's $...at around 180/hr. Plug those numbers into the Railway workers benifit calculator and by foregoing ssn AND giving up my 401k/B plan (because they are NOT going to let us join the RLA retirement without giving something up)....the RLA benifit would come out to about $3645/mo.
My 401k (once it recovers) should have about 2,000,000 in it by age 65. Draw off 6% a year from it (2% earnings and 4% principle) comes to around 10,000 a month I can "pay" myself in addition to whatever I get from ssn.
Thanks but no thanks, I want the government and my company in control of as LITTLE of my retirement as possible. If I could opt out of paying my 6.5% into ssn now and take an extra 13% in pay now I would jump at the chance.
Not bashing your website or your effort to do away with the RLA, but be careful what you wish for.
" My 401k ( insert retirement plan here ) should have about 2,000,000 in it by age 65." ....
...Said the USAir Co-Pilot in 1989.
...Said the brand new Pan-Am Captain in 1987.
...Said the United new hire in 1991.
A lot of things should have happened in this Industry....that didn't. And a lot of things that shouldn't have happened....have.
I think a better statement might be: " I just hope I have an airline job, any airline job, that lasts the next 20 years or so."
Not likely to happen. But, something to hope for.
Floppy, you got it right.
YKWHY
Floppy, you got it right.
YKWHY
I agree with floppy and whine lover on the assumtion of future earnings/plans/career expectations and the like. My projections are based on NOT being furloughed (which i put my present prospects at about 50/50 for the next year). Upgrade time, barring any furloughs and not counting on any expansion or hiring...should be in around 2020 (strictly based on mandatory retirements and excluding JFK), I punch out in 2032 provided i keep passing a class I and re-current.
I am and have always been a glass 1/2 FULL kinda guy, take things in stride and try not to let the doom and gloom republicans...oops...naysayers depresss me with the constant "the sky is falling" negativity.
If we could opt out of SSN and get into a RRB pension with it kicking in at age 60 AND keep our 401k's and defined contributions in tack....would be GREAT. I just don't see us getting that without giving something up in the bargain.
Wait till the current gov absorbs your 401k into the social security system and pays you 3%...... like the demos want to.:angryfire
take things in stride and try not to let the doom and gloom republicans...oops...naysayers depresss me with the constant "the sky is falling" negativity.
If we could opt out of SSN TE]
Did you just dump on Republicans and hope to opt out of mandanted government retirement insurance in the same breath.
Can you explain your thinking on that one.
You are aware I'm sure that Government mandated withholding of 14% of your salary for social security is a gift from the first socialist despot to rule for life in America, even FDR, who happened to be a member of the Demo party. Social Security "benifits" were first taxed by WJC also a DEMo.