Class Date
Originally Posted by AQPABC
(Post 1779999)
Actually the 4th showed up, he just left on day 3 after he got the letter from Delta.
Thanks |
How about one more voice in this retirement debate. IMHO I would rather have double digit deposit into my 401K every two weeks as long as it isn't a match. Let me put it in the funds or brokerage of my choice and let it ride. It takes sacrifice on your part to fully fund said 401K, but its portability really appeals to me.
As for pensions, I get that they aren't all created equal and I don't want to debate specific plans and whether its solvent or not. This is what I don't like about them... If the power brokers in DC are willing to reduce the earned retirements of military vets for short term budgetary gains as they were last year, and then only yielded after significant lobbying efforts... who's to say they wouldn't be willing to slip something into a bill to "help" those organizations who manage other pensions... even union pensions. Call me cynical, but if I can't trust Uncle Sugar to live up to his blood debt to vets, why should I trust any union or company CEO to honor their commitments when times get tough and they need to balance their books? Just my 2¢ |
Got the call..
Interviewed on Oct 7th, tossed into the pool on the 16th and got the call this morning for a Jan 5th class date on the 767.
Thanks to all that took the time to submit info here. Best thread ever! See some of ya online. :) |
Originally Posted by Cousteau135
(Post 1780307)
How about one more voice in this retirement debate. IMHO I would rather have double digit deposit into my 401K every two weeks as long as it isn't a match. Let me put it in the funds or brokerage of my choice and let it ride. It takes sacrifice on your part to fully fund said 401K, but its portability really appeals to me.
As for pensions, I get that they aren't all created equal and I don't want to debate specific plans and whether its solvent or not. This is what I don't like about them... If the power brokers in DC are willing to reduce the earned retirements of military vets for short term budgetary gains as they were last year, and then only yielded after significant lobbying efforts... who's to say they wouldn't be willing to slip something into a bill to "help" those organizations who manage other pensions... even union pensions. Call me cynical, but if I can't trust Uncle Sugar to live up to his blood debt to vets, why should I trust any union or company CEO to honor their commitments when times get tough and they need to balance their books? Just my 2¢ |
Originally Posted by flyinturbo
(Post 1780367)
Interviewed on Oct 7th, tossed into the pool on the 16th and got the call this morning for a Jan 5th class date on the 767.
Thanks to all that took the time to submit info here. Best thread ever! See some of ya online. :) |
Originally Posted by ATCsaidDoWhat
(Post 1780373)
Do you get the part that the Teamsters DON'T have pension plans that they run? To do what you envision would require it being done to ALL pension plans and require a re-write ERISA rules? For a pension plan where a fund gets the money directly from the company...plus and additional voluntary employee contribution above the agreed to amount...how would the government interject themself?
I bet these guys wish they would have gone with a 401K match! Fears Over Pension Funding - WSJ |
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Originally Posted by flyinturbo
(Post 1780367)
Interviewed on Oct 7th, tossed into the pool on the 16th and got the call this morning for a Jan 5th class date on the 767.
Thanks to all that took the time to submit info here. Best thread ever! See some of ya online. :) All: is there any SA as to whether that's it for Jan? |
Originally Posted by ATCsaidDoWhat
(Post 1780126)
Given you comment, you have no understanding of the retirement plans or of how they are managed. Just as you compare the Teamsters now to the old era and what has happened post DoJ.
If you did, you'd understand how locked down they are on finances and how they have no attachment or access to the retirement plans. In other words, they have no plans to run. Members can vote to join outside, independently run, professionally managed plans. Or you can vote to have a 401 (k). You vote, you decide. 401(k)'s are great until the market hiccups or collapses. A defined plan takes the money, invests it and then when you retire, takes it and buys an annuity in your name and controlled by you that pays a nice dividend monthly, never touching your principal. Further, given the vesting schedule, it allows you to retire earlier, if you choose, with a full retirement. A 401 (k) is a nice add on, but not something I'd bet my long term retirement on. I'm the son of a financial planner so I do know a little bit about it. My other parent was an airline pilot so I'm fully aware of what allowing others to "manage" your retirement leads to. Your understanding of how a retirement (401K, Roth IRA, and emergency fund) should be managed lacks basic understanding of how it should work. When you're young (like me) the bulk of your money should be invested into equities like mutual funds which may do bad the next year but perform at around 12% over the course of time. As you get older you shift your money to lower risk investments such as bonds that don't crash with the market. If you really lost every thing in the Great Recession then you lost it because you weren't responsible enough to read a book on how to manage your retirement. If you were in your mid to late 50s you should've been almost exclusively in stuff like Bonds which wouldn't have hit you. Please don't take my advice. Read a book. Talk to an expert. It's important enough to read given that people are naive enough to think that their best option is to let the Teamsters manage their retirement. Letting others manage your retirement will result in them robbing you blind just like what's happened everywhere else recently. |
Originally Posted by Cousteau135
(Post 1780307)
How about one more voice in this retirement debate. IMHO I would rather have double digit deposit into my 401K every two weeks as long as it isn't a match. Let me put it in the funds or brokerage of my choice and let it ride. It takes sacrifice on your part to fully fund said 401K, but its portability really appeals to me.
As for pensions, I get that they aren't all created equal and I don't want to debate specific plans and whether its solvent or not. This is what I don't like about them... If the power brokers in DC are willing to reduce the earned retirements of military vets for short term budgetary gains as they were last year, and then only yielded after significant lobbying efforts... who's to say they wouldn't be willing to slip something into a bill to "help" those organizations who manage other pensions... even union pensions. Call me cynical, but if I can't trust Uncle Sugar to live up to his blood debt to vets, why should I trust any union or company CEO to honor their commitments when times get tough and they need to balance their books? Just my 2¢ |
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