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Old 03-01-2023, 04:53 PM
  #31  
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Originally Posted by PilotBases
Hat is least of my concerns.
While this makes sense on the surface, like most things, it's a little more complicated. I mean, if we're talking about being filthy rich vs being dirt poor, I'd wear/carry the hat and say it's the least of my worries. But if we're talking about being 'this' kind of wealthy vs 'that' kind of wealthy and one of those versions means carrying a worthless hat around for my entire career? I pick the no hat version. I can't even understand why some guys choose to carry around a third bag and I assume that third bag has some sort of usefulness, unlike a hat.
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Old 03-02-2023, 04:36 AM
  #32  
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I would personally bail……

Delta is bigger in NYC and it’s a Junior base. Even though your final seniority number will be higher at AA vs Delta. You will achieve better QOL and financial gain for the duration at Delta especially being in a bigger and Junior NYC base at Delta…..
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Old 03-02-2023, 05:09 AM
  #33  
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Originally Posted by Moonbeam
23 million! Hopefully that will be enough. So far I haven't met a single pilot that has 35 years in with 23 million in retirement money. Probably because working for the airlines for 30 years lots of stuff happens to your career and earnings.
Agree that anything can happen and we can’t summarize our careers before they happen, but I bet you have met someone who fits that bill. I personally don’t go around asking people how much they have saved haha.

People are directing OP to delta for QOL issues, I will say that I was able to move my schedule around much more than my buddies at Delta and United prior to July 2022. I still probably had more flexibility after that, it just took a lot more work. Now I by far have the least scheduling flexibility. Who knows what that’ll look like post negotiations.

Everything is a gamble from a long term perspective. In 30 years, he’ll have worked under a couple different management teams, contracts, governments…. You can definitely say that today and for the short term future, delta will most likely have the superior contract, culture, and management. The rest is purely a gamble
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Old 03-02-2023, 05:22 AM
  #34  
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Originally Posted by Varks
The reason you have not met a pilot with 23 million is because we haven’t been making $400,000 for 35 years. I am sure many today have between 5-8 million.

starting today at 30 you would have to be a real bad investor to not have over $20 million. You should have way more than that.

In my Delta example I forgot about the 18%. Even easier. I forgot about over 50 was part of that. My bad. You can afford to put in $7500.

If I were 30 today I would after tax into Roth401k right now.
If you plan on having kids then 529. New good deal if you don’t use it then it can be converted to Roth IRA for the primary recipient.

This isn’t exclusive to Delta. Anyone starting today can do it. It just takes a little discipline. Time value. Plug the numbers into a compound interest calculator. Don’t trust me. Easy Peasy lemon squeezy.
Great post. One thing I would add is that MY personal technique would be to buy rental real estate with that ROTH. Yeah you don't get the mortgage deduction but that is a sham anyway. In the ROTH, you have to eat maintenance and repairs as well as the mortgage interest, but all the rents and appreciation are tax free. dyodd. this is not investment advice.
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Old 03-02-2023, 06:20 AM
  #35  
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Originally Posted by Varks
The reason you have not met a pilot with 23 million is because we haven’t been making $400,000 for 35 years. I am sure many today have between 5-8 million.

starting today at 30 you would have to be a real bad investor to not have over $20 million. You should have way more than that.

In my Delta example I forgot about the 18%. Even easier. I forgot about over 50 was part of that. My bad. You can afford to put in $7500.

If I were 30 today I would after tax into Roth401k right now.
If you plan on having kids then 529. New good deal if you don’t use it then it can be converted to Roth IRA for the primary recipient.

This isn’t exclusive to Delta. Anyone starting today can do it. It just takes a little discipline. Time value. Plug the numbers into a compound interest calculator. Don’t trust me. Easy Peasy lemon squeezy.
I couldn't find one, but as a side-bar; do we have an investment thread going on in here anywhere?
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Old 03-03-2023, 11:30 AM
  #36  
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Originally Posted by beancounter
Are you kidding? A junior captain at Delta has a better QOL than a senior AA captain. Do you have any idea the kind of people AA is fast tracking In middle management? Here’s a hint: Qualifying traits are incompetent and hates pilots. I don’t think upper management like Isom or Vasu are bad people, but when you see the kind of people moving up the ranks…… it ain’t good. Run don’t walk from this place.
You're right. I'll bet the management at all the other airlines loves their pilots.
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Old 03-04-2023, 09:02 AM
  #37  
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Originally Posted by TankerDriver
I couldn't find one, but as a side-bar; do we have an investment thread going on in here anywhere?
Dig around in the Delta subforum. They've had one going for awhile.
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Old 03-04-2023, 09:09 AM
  #38  
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Originally Posted by TankerDriver
I couldn't find one, but as a side-bar; do we have an investment thread going on in here anywhere?
There’s a website/forum dedicated to AA pilot investing: https://aapif.groups.io/g/main
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Old 03-04-2023, 09:31 AM
  #39  
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Originally Posted by thrust
There’s a website/forum dedicated to AA pilot investing: https://aapif.groups.io/g/main
Thanks for that.
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Old 03-04-2023, 10:02 AM
  #40  
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Originally Posted by uavking
Dig around in the Delta subforum. They've had one going for awhile.
Come join in... The more the merrier
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