Air Wisconsin
03-11-2013, 07:06 AM
#121
Gets Weekends Off
Joined APC: Sep 2006
Posts: 1,750
Originally Posted by exdashtrash
I think it's the point of the matter. Why is AWAC so damn concerned about a hat? Shouldn't they be more concerned about more important issues like how I might feed myself after 2015???
That is not a defense of anything one way or another but your well being is not their concern outside of the parameters of the CBA. That is quite clear in how this place has been run for years. They may well choose to sell after the agreement with US Airways ends at the end of the contract.
It's a business without room for warm fuzzies. Just the way it is and the sooner we all realize that the better we sleep.
Maximize your own benefits the same way. Follow the contract to your maximum benefit. Daily Open Time, Maximum contribution to your 401(k), etc. It's incredible how many people don't do these things.
03-11-2013, 10:52 AM
#122
Gets Weekends Off
Joined APC: Jul 2011
Position: 777
Posts: 495
Originally Posted by saab2000
Daily Open Time, Maximum contribution to your 401(k), etc. It's incredible how many people don't do these things.
03-11-2013, 11:05 AM
#123
Gets Weekends Off
Joined APC: Dec 2008
Position: Seat 0B
Posts: 1,214
Originally Posted by BTpilot
ding ding winner... An FO the other day told me he didn't know anything about changing your 401k contribution.....
Just out of curiosity...what do most people contribute?
03-11-2013, 11:16 AM
#124
Gets Weekends Off
Joined APC: Sep 2006
Posts: 1,750
Originally Posted by DryMotorBoatin
Just out of curiosity...what do most people contribute?
Max that thing out if you can. It's $17,500 this year I think. I know that's not possible for many people but people should contribute the most they possibly can.
People (everybody, not just RJ pilots) need to educate themselves in the world of personal finance.
03-11-2013, 11:17 AM
#125
Gets Weekends Off
Joined APC: Dec 2008
Position: Seat 0B
Posts: 1,214
Originally Posted by saab2000
Most people I've talked to seem to do 9%, which gives the full company matching. I always recommend people contribute the most they possibly can. The benefits of compound interest are amazing, especially over the length of a career. Even 1% more can make a remarkable difference over a 30 year career.
Max that thing out if you can. It's $17,500 this year I think. I know that's not possible for many people but people should contribute the most they possibly can.
Max that thing out if you can. It's $17,500 this year I think. I know that's not possible for many people but people should contribute the most they possibly can.
03-11-2013, 11:43 AM
#126
Gets Weekends Off
Joined APC: Dec 2007
Posts: 453
Originally Posted by saab2000
Most people I've talked to seem to do 9%, which gives the full company matching. I always recommend people contribute the most they possibly can. The benefits of compound interest are amazing, especially over the length of a career. Even 1% more can make a remarkable difference over a 30 year career.
Max that thing out if you can. It's $17,500 this year I think. I know that's not possible for many people but people should contribute the most they possibly can.
People (everybody, not just RJ pilots) need to educate themselves in the world of personal finance.
Max that thing out if you can. It's $17,500 this year I think. I know that's not possible for many people but people should contribute the most they possibly can.
People (everybody, not just RJ pilots) need to educate themselves in the world of personal finance.
Compound interest can also cripple your investment when it goes the other way.
03-11-2013, 11:56 AM
#127
Gets Weekends Off
Joined APC: Dec 2008
Position: Seat 0B
Posts: 1,214
Originally Posted by mojo6911
Compound interest can also cripple your investment when it goes the other way.
03-11-2013, 12:40 PM
#128
Gets Weekends Off
Joined APC: Dec 2007
Posts: 453
Originally Posted by DryMotorBoatin
Wait...are you trying to say we can lose money in our 401k? You mean the stock market isnt a sure thing!?
03-11-2013, 02:10 PM
#129
Gets Weekends Off
Joined APC: Sep 2006
Posts: 1,750
Originally Posted by mojo6911
Compound interest can also cripple your investment when it goes the other way.
There is never a sure thing in anything. But if you don't save now it's pretty sure that you won't have much when you retire.
Also, the Dow is at all time highs right now. It's actually not a great time to invest but that's the way it is. Buying more when the market is down is best but we just put in our contributions and hope for the best.
And paying compound interest is how banks make their money. There's a reason they're so filthy rich. Everyone is up to their eyeballs in debt.
03-11-2013, 02:50 PM
#130
doin time
Joined APC: Mar 2011
Position: RJ Left
Posts: 435
Originally Posted by saab2000
Buy low, sell high.
There is never a sure thing in anything. But if you don't save now it's pretty sure that you won't have much when you retire.
Also, the Dow is at all time highs right now. It's actually not a great time to invest but that's the way it is. Buying more when the market is down is best but we just put in our contributions and hope for the best.
And paying compound interest is how banks make their money. There's a reason they're so filthy rich. Everyone is up to their eyeballs in debt.
There is never a sure thing in anything. But if you don't save now it's pretty sure that you won't have much when you retire.
Also, the Dow is at all time highs right now. It's actually not a great time to invest but that's the way it is. Buying more when the market is down is best but we just put in our contributions and hope for the best.
And paying compound interest is how banks make their money. There's a reason they're so filthy rich. Everyone is up to their eyeballs in debt.
Thread
Thread Starter
Forum
Replies
Last Post
