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