Originally Posted by
cf105
"7-8% over 30 years"..... wow.... That's definitely a game changer! If I manage to put $5K in my 401K this year, I would make an extra..... $400/year (that's going to help me withy Starbucks bill).... $12K in 30 years... That's a lot of money to retire on in 30 years LOL. Holy fakk, I need to keep this into account when I chose my first airline.
401K are so solid - like no one ever lost theirs in 2007-2008 - Deal breaker, right there.
Quick question about E9, why do they keep on giving the extra cash that makes them the best-Regional-to-work-for-ever in bonus and not in hourly pay? Why are they trying to retain pilots by paying it every 3 months instead of just pay it in the hourly rate? Not trusting that the working conditions, guaranteed DAL interview (when they believe your time has come) and QOL enough?
Why give salaries comparisons over 3 years? Since we are talking long term investing in 401Ks, flow/interview to a major, and a career, why not talk salary over 5 years?
E9: $2250/months + $23K bonus x 3 = $181K
RAH: $3000/month + 7500 bonus = $187K
Same ****.
I really don't want to humor your post but wow, that's some awful math.
5 years at only first year pay since that's how you wanted to go...
9E: $204,000
RAH: 187,000
This only includes 3 years worth of the $23,000.
Factoring in year over year step increases, 3 years to upgrade:
9E: $285,500
RAH: $257,700
Not that any of this is realistic since no one is going to make min guar for their 5 years.