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Old 07-11-2018 | 08:01 AM
  #13  
m3113n1a1
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Joined: Apr 2018
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Originally Posted by Spudhauler
Never suggested that your post didn't matter. It matters just as much as mine does. My perspective is that we all get an equal percentage increase to the DC plan in C2019. Not sure how that could be considered divisive. Also, a simple TVM calculator that I just looked at shows that if 13 years ago, when our pension got terminated, a pilot began throwing 3 grand a month into an S and P fund, they'd be sitting on more than 770K right now. That would help an awful lot as one heads into retirement. It is a simple reality that we are responsible for our own financial well being. It sucks that the pensions are gone, but gone they are, so we need to adjust our lifestyles in order to compensate. To suggest otherwise is to avoid facts.
Flew with a NWA captain this month with ten more years left at Delta who incessantly complained the entire trip about his retirement and how he wanted an annuity type DB because the 401k doesn't return enough. When I asked him what he has his 401k invested in, he had no idea other than a large majority of it being in Delta stock 😲. Next leg he showed me pictures of his recently purchased 100k sports car...
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