Valuation: GI Bill txfer vs. early employment
Gents,
Trying to figure out what value to apply to early airline employment vs. ensuring my GI bill benefits are transferred to dependents.
Here's the scenario: I can get out early 2015 at 20+yrs of service, and forfeit my GI bill transfer. Or, I can retire 6-months later (mid-2015) and have 21yrs of service with full GI bill transfer.
I can calculate the value of the GI Bill loss. I can also calculate projected differences in retirement pay. What I don't know is the value of getting hired 6 months earlier in this hiring wave.
What value do you place on 6 months of seniority at 100/month (DAL current projection)? What is the monetary value of that additional 6 months at the end of an airline career? Is it enough to offset 36 months of GI bill and a 1-yr difference in retirement pay?
Thanks for any advice/data you guys might be able to offer. Cheers!