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.
From the very beginning of my career I treated the DB plan as a house of cards. My wife is responsible for that because she didn't believe it would ever come to fruition and fortunately she would rather have a new socket set than a diamond ring. That being said, the glaring omission in your missive is that
you don't have to adjust anything in your career because it has all been settled, and it is all in your name. There are many here who do not have that luxury. Your post still screams of 'tough toenails'.