Originally Posted by
Taildragger1
Hi Tim,
I guess that depends on how you look at it. I’ve had one modest wife. I still live in the long paid for $89,000 house I bought on the B scale. My few toys have made money. Two kids. One ran a full ride scholarship. Second is still at home.
After the PBGC, claim, and note are accounted for and the hundred grand minimum I’ve usually added on top of my 401k, a 4% draw on all of my nest eggs equal FAE 12% but the year isn’t over yet so final math is yet to come.
What totally boggles my mind is how much better off I am than most of my peers. A snap shot from today means happy 65th birthday is sudden unemployment and a 88% cut in pay if I maintain discipline. Obviously the current rash of Greenslips runs those numbers toward the lower side but my goal of FAE 25% that I set after the bankruptcy simply isn’t happening in my life.
I strongly suggest everyone get a Fidelity advisor or equivalent. Look at your numbers guys. How are you really doing? Are you using ALPA R&I actuarial data that requires you to die in a timely fashion so the math looks less embarrassing? Is anyone really ok with that?
Can you give us a little more info?
Like years at Delta when you retire. What you are projecting for FAE etc.
I am 53 with 12 years to go and was never the best saver, and although it seems like most retirement podcasts say that the 4% rule is outdated, even if I use it, I am looking at close to what I am making as a narrow body captain if I stay till age 65..
That is not counting the 1000 or so dollars a month from PBGC.