View Single Post
Old 04-15-2010 | 04:51 PM
  #34656  
scambo1's Avatar
scambo1
The Brown Dot +1
 
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
Default

Originally Posted by Pineapple Guy
$49,000 (in 2010) per year, every year? Let's do some basic math. Assume that increases with the rate of inflation (at 3%) and you work a 30 year career and earn 8% on your money. That grows to $7.5m which then throws off an annual $543k for 30 years past retirement (invested at 6% in retirement). Discounting that to today's $$ yields $224k. So, you're saying you want more in retirement than a 777A Captain makes working today?

I've got no problem with that, if money grew on trees, and Santa Claus could deliver. In the real world, where trade-offs are made, I'll take a bit more DC but I want higher payrates first.
------------

I personally contribute 28% to my retirement each year - in order to hit the 415C (happens around sept) Then the contribution is automatically stopped and restarts automatically in January.

In my book, that IS a 28% pay raise.

And yes, I DO want to make more in retirement than a 777A makes today. Don't you?

Scambo