*MINIMUM BALANCES* New Polling Needed
01-02-2020, 07:06 PM
#281
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Also, for the newer guys that don’t know, all DL and NW pilots got several thousand shares of DL stock after the merger. Depending on how many shares you got, it could be worth a couple hundred grand now. If you retire at 65 and plan on having a 20 year retirement, that’s >10k a year. It’s not gonna sustain you solely, but it’s not nothing.
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
01-02-2020, 07:13 PM
#282
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,765
Don't remember exactly but a think "a few thousand" is on the high side. Few implies 3 or more. It was more like 2-3.
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
01-02-2020, 07:13 PM
#283
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,535
Don't remember exactly but a think "a few thousand" is on the high side. Few implies 3 or more. It was more like 2-3.
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
01-02-2020, 07:13 PM
#284
Gets Weekends Off
Joined APC: Feb 2007
Posts: 1,057
Don't remember exactly but a think "a few thousand" is on the high side. Few implies 3 or more. It was more like 2-3.
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
Yeah, if you kept them. Not me, but a lot of guys who had Financial Engines doing stuff for them in their 401k had those shares sold almost before they hit the account. I believe the issue price was approx $4.
Denny
01-02-2020, 07:15 PM
#285
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,535
I've flown with several that have held onto them.
01-02-2020, 07:38 PM
#286
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Joined APC: Jul 2018
Posts: 1,100
After reading all of the back and forth over multiple threads about this, what I don't understand is why there is any expectation that someone who won't be around for the entire duration of the contract is entitled to an upfront value of what they'll be missing out on. Has that been the case in previous contracts?
01-02-2020, 07:42 PM
#287
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Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
01-02-2020, 07:44 PM
#288
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
I remember a sliding scale based on seniority. I think I was in the low 3000 shares as a new hire. I think senior guys got just over 4000. Sold mine at $11 something (at a peak at the time). Reinvested in some other funds as I was young and didn’t want such a large portion of my retirement savings at the time in company stock.
Denny
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