Originally Posted by
hockeypilot44
I’m going on a decade and a half as a commuting narrow-body fo. I can’t afford to miss weeekends and holidays with my kids so I can’t upgrade. People like me are the reason the upgrade has gone so junior. When the list stops moving (and it will), we’re going to see stagnation for a long time. The retirments settle way down in about
I'm on the opposite side.. I took the early upgrade because we don't have kids (yet), IVF and Surrogacy is stupid expensive and until next year it had zero coverage, (and we would still be $70k out of pocket, IF the coverage for next year had been available when we started) .
Since DZers havent posted their numbers, I'll post mine.
I'm 43. 44 in January. So just over 21 years left.
Hired 2017, but got stuck in Afghanistan so a early 2018 seniority date
Own (mortgage) a 3/2/2 1400 sq foot house in a nice but not super expensive neighborhood in Virginia Beach. I'm near Chix Oyster Bar/Hot Tuna. Yes, the house with the insane Christmas lights that can be seen from 37,000 feet. Mortgage is $2200 a month, will be paid off a year before retirement if I just pay off as scheduled.
I own no boat, no beach house, no mountain house, no airplanes.
I do own a camper I bought used, and just bought my first new truck in 20+ years. Wife drives a 10 year old 4Runner.
$401k balance (by dumb luck, four of my previous companies were also Fidelity
$334,000 this morning. That's Delta, Part 135, Oil Company, L3, Oil Company 2 and I rolled two other 91 and engineering jobs into it.
$63,000 in TSP after 24 years (in honesty, got cleaned out when I was 28 in a divorce)
So right around $400k between the two.
5500 point retirement from the Reserves as an O-4. $3,453 a month once I turn 60 in todays money (37.5 retirement at 60 vs 50 now an active guy gets)
VA disability 70% is $1650 a month. (honestly this is my fun stuff budget, truck, camper, dirtbikes, fuel for trips, christmas lights)
I put in 5% on top of the 16%, and I add 1-2% a year to that. I am probably going to hit the 401k limits from next year on. (wasn't a Captain all year this year and was on Mil leave last year, so ALV only no contributions)
Screw it, I just put it to 7%.
This is a 5 year Captain, hired at 38, turned 39 in indoc.
What are the deadzoners working with? I've posted every asset I have. Which is my savings and my house. I did have a broke even rental house but we sold that in 2020 and used the equity to fund a round of IVF and more cushion because UNA debacle.