Originally Posted by CBreezy

The amount of incredibly poor financial management here is astounding.

Originally Posted by TED74

Do you know a sector of our society where this is any different?

Originally Posted by CBreezy

It doesn't matter how much you are putting into your 401k when, at 55, you take out a jumbo loan on your mansion with several $30k+ car loans and are paying for private college for 1-3 kids.

The amount of incredibly poor financial management here is astounding.

Originally Posted by CBreezy

It doesn't matter how much you are putting into your 401k when, at 55, you take out a jumbo loan on your mansion with several $30k+ car loans and are paying for private college for 1-3 kids.

The amount of incredibly poor financial management here is astounding.

Originally Posted by boog123

OK, settle down JD…..taking a couple guys and playing smartest guy in the room does nothing for your own credibility.

Originally Posted by CX500T

There's somebody in the GO who is doing the math (and probably updating monthly as people retire) what retro at their offered rate costs vs a bonus costs.

Once they figure a bonus will pay sone number greater than 50% of the voting group more than retro while being cheaper than paying retro to all who worked past the amenable date, they will likely push it harder vs full retro..

Lets just say now, the retro since amenable works out to 12% of 1 years pay (3, 3, 4%)

Median W2 of 200k, 24k x the 15,000 or so is about $360M

Every month the retro goes up. As do the likely to vote for a say 40k signing bonus over retro.

Because they ARE tracking how much retro will cost vs a one time bonus x how many are here.

At some point it will make more financial sense (from the company's viewpoint) to offer a signing bonus that puts more money in the pockets of those here, but costs them less than paying retro to those here plus all who worked past amenable date.

Originally Posted by Bucking Bar

They are also more than an average number who are actually worried about the Estate Tax that starts at more than $12 million. If I were in line to get that kind of a tax free windfall I'd be pulling a new Sk-boat to my lake house behind a stupid-duty 350 with my wife following behind in her Tesla M X.

Originally Posted by Gunfighter

​​​​​​$24 million if married. Look up South Dakota dynasty trust for more ideas. As a cost saving measure, I'd recommend ditching the F350/MX combo in favor of a Tesla Cybertruck. If you really need to burn through the Benjamins, consider something red from Italy.

Originally Posted by Gone Flying

I have to agree with Breezy here. Some do save/invest wisely…but plenty absolutely do not.



I would be interested to know what % of our pilot group puts at least 5% into their 401k

Originally Posted by Trip7

I put ZERO. Company is already putting in 16%. Plenty of tax efficient ways to invest outside of the 401k that doesn't require you to lock your money up for 20+ years

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