Career Earnings
11-16-2017, 08:21 PM
#81
Gets Weekends Off
Joined APC: Mar 2017
Posts: 588
Speaking of training centers, any guesses on why we dropped 150 million on a new training center and all these additional sim bays?
Surely the bean counters at this airline are some of the stingiest people alive! I mean who the hell removes cockpit window shades in the interests of saving money and then turns around and spends 150 million on a new training center??!
Surely the bean counters at this airline are some of the stingiest people alive! I mean who the hell removes cockpit window shades in the interests of saving money and then turns around and spends 150 million on a new training center??!
Need lots of sims bays for that!
11-22-2017, 08:39 AM
#82
Gets Weekends Off
Joined APC: Dec 2007
Posts: 453
Compound interest is a powerful thing.
He said he's on the younger side, so let's figure a 30-year-old newhire who defers 10% of his income, plus the 15% (as of 1/1/19) company contribution. He'll have 35 years to build the account.
I don't have a spreadsheet so can't give you the specific math, but a $200,000 income over 35 years, with the above contributions, would have $6.5 Million in the account, assuming a 7% annual return according to this Bankrate 401k calculator. 8% return would put it over $8 million.
He said he's on the younger side, so let's figure a 30-year-old newhire who defers 10% of his income, plus the 15% (as of 1/1/19) company contribution. He'll have 35 years to build the account.
I don't have a spreadsheet so can't give you the specific math, but a $200,000 income over 35 years, with the above contributions, would have $6.5 Million in the account, assuming a 7% annual return according to this Bankrate 401k calculator. 8% return would put it over $8 million.
Lets say you have 100k, and the economy tanks, like 2008, and you get a 50% loss on the year. Now, let's say the economy rebounds in the next year and you earn 50%. Your average return is 0%, but your balance is only 75k. Compound interest works both ways.
11-22-2017, 09:21 AM
#83
weekends off? Nope...
Joined APC: Apr 2014
Posts: 2,039
Yeah, but you can't just average out 8% over the lifetime of the account. It doesn't work that way. Here's a simple example, assuming no contributions.
Lets say you have 100k, and the economy tanks, like 2008, and you get a 50% loss on the year. Now, let's say the economy rebounds in the next year and you earn 50%. Your average return is 0%, but your balance is only 75k. Compound interest works both ways.
Lets say you have 100k, and the economy tanks, like 2008, and you get a 50% loss on the year. Now, let's say the economy rebounds in the next year and you earn 50%. Your average return is 0%, but your balance is only 75k. Compound interest works both ways.
Sure you can. Just don't make the "no contributions" assumption when there are dividends and interest being paid out, in addition to the 10% deferral and 15% company contributions. Dollar Cost Averaging on the way down makes that recovery much faster on the way back up. The S&P 500 has average lifetime returns of over 9%, which includes its dividends.
12-11-2017, 02:03 PM
#84
Gets Weekends Off
Joined APC: Jun 2007
Position: CA
Posts: 1,207
January 2018 lines in all bases average 91TFP and over 18 days off. If you add 2-3 TFP to each trip through ELITT, you are very close to 100TFP and 12 days of work.......and that is in January! The summer months average 100+ TFP's and 18 days off. I don't think the statement is as flawed as you make it out to be.
12-11-2017, 02:21 PM
#85
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,831
January 2018 lines in all bases average 91TFP and over 18 days off. If you add 2-3 TFP to each trip through ELITT, you are very close to 100TFP and 12 days of work.......and that is in January! The summer months average 100+ TFP's and 18 days off. I don't think the statement is as flawed as you make it out to be.
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