*MINIMUM BALANCES* New Polling Needed
12-22-2019, 07:20 PM
#51
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,535
Are you kidding me!?! Can't stand the truth can you?
I would have thought you could figure out that we are talking about the NN. Under the NN proposal there won't be a need for personal contributions. But then if you want to remove personal contributions from the mix you need to subtract ALL the contributions made by all the DZr's and that will about halve their 401k's. As far as the 50k initial starting balance.......do you have less than 50k or more than 50k? Any one who has been here a couple of years should have more than that.
All the assumptions I used are waaaaay less than they should be. Guess what.......I just changed the assumed starting balance to $1,000 and the 30 year number is $5,090,515.67. Still well over 5 million dollars.........
You just don't get it. A 25% DC would be HUGE for you young guys and you're beyotching about the senior guys getting a "windfall." I think the windfall is purely in your (the young guys) court.
Denny
I would have thought you could figure out that we are talking about the NN. Under the NN proposal there won't be a need for personal contributions. But then if you want to remove personal contributions from the mix you need to subtract ALL the contributions made by all the DZr's and that will about halve their 401k's. As far as the 50k initial starting balance.......do you have less than 50k or more than 50k? Any one who has been here a couple of years should have more than that.
All the assumptions I used are waaaaay less than they should be. Guess what.......I just changed the assumed starting balance to $1,000 and the 30 year number is $5,090,515.67. Still well over 5 million dollars.........
You just don't get it. A 25% DC would be HUGE for you young guys and you're beyotching about the senior guys getting a "windfall." I think the windfall is purely in your (the young guys) court.
Denny
Also, $5M in 30 years will have the same spending power as $2M. That's called inflation.
12-22-2019, 07:44 PM
#54
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
If you add personal contributions, you have to include all money you plan on using in retirement including IRAs, investment property, etc. These aren't my rules. I've been told many times we aren't allowed to use personal contributions to retirement.
Also, $5M in 30 years will have the same spending power as $2M. That's called inflation.
Also, $5M in 30 years will have the same spending power as $2M. That's called inflation.
As far as your last sentence goes, we both know that is a BS figure. Just saying something doesn't make it true. Prove it. At least I used real figures and was very conservative. All you investment guru's should well out perform 7%.
Denny
12-22-2019, 09:05 PM
#55
Gets Weekends Off
Joined APC: Jul 2008
Posts: 5,028
12-22-2019, 10:28 PM
#56
Gets Weekends Off
Joined APC: Feb 2016
Posts: 1,237
Funny, the pilots on Mil leave don’t earn the company any money either.
12-23-2019, 12:25 AM
#57
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,745
12-23-2019, 03:37 AM
#58
Gets Weekends Off
Joined APC: Jul 2010
Posts: 3,379
The current state of the company, doesn’t guarantees the future.
I won’t comment on this subject, but I can see the company dragging their feet for a year or two. That’s about 1,000+ pilots retired...
12-23-2019, 03:41 AM
#59
Gets Weekends Off
Joined APC: Nov 2011
Posts: 4,535
12-23-2019, 03:51 AM
#60
Rerouted On Weekends
Joined APC: Oct 2015
Position: 717A
Posts: 2,937
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