Originally Posted by
RonRicco
Can somebody please tell me what deifintion we are using for "deadzoner?"
Somebody called me a "deadzoner" the other day and I told them "I was not." Yeah am over 50, but If I make it to 65, with pretty conservative assumptions, I will be about where I was with the DB without having to draw down the 401k balance. If I draw down the balance to age 90, I will be way ahead.
That being said, markets crash and recessions happen which could affect the assumptions, but annunities and DB's are not immune either as we have seen at least once in our career..
Anyway, so what is the definition of a deadzoner?
Generally most consider it pilots hired in the 85 to 91 timeframe age 45 to 55 when the plan was terminated. As you mention most are in pretty good if not excellent shape for retirement with market performance so the whole deadzoner term has less weight than in 2007. Some would exclude those over 50 at the time because they had the option to retire early with the lump. Most however under 55 at the time really regret going early. Most got under 1 million in the lump and little or nothing from the PBGC.