Originally Posted by
NotMrNiceGuy
Not at Delta, but I like the discussion.
I’m seeing a lot of hate on the pension. But here’s a consideration. Diversity of revenue streams in retirement. The DC is wholly tied to the market. If you have a down year in retirement, that can really impact your QOL and peace of mind in the golden years. Would be nice to have a revenue stream independent of market fluctuations.
18% is off the charts fantastic. Keep the DC high up, but also add a DB to diversify. Keep it at the PBGC guaranteed limits. I think that is $81K this year; but grows with inflation. Combine that with social security and you have $10K/month before you need to touch the 401(k) in a down year. What’s not to like?
Thoughts?
If you can’t save more than your 401k for your retirement over the course of your career as an airline pilot at any major you have too many toys, houses, or ex-wives. With today’s payscales even a junior CA will soon be pulling in a million every three years in addition to their 401k DC.