Originally Posted by ATCsaidDoWhat

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?

Originally Posted by Globemaster2827

That's great... I want the Teamsters to have nothing to do with my retirement. Period. Their job is to negotiate what I get. Give me American Airlines's retirement plan. If we get any form of a pension or anything that is in any way attached to the Teamsters then I'll have to change jobs so that I can get a retirement.

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 ATCsaidDoWhat

I have some better advice for you. Stop parrotting that standard line about how to invest during your career.

You want American Airlines retirement? Ask your airline parent how long it's taken American to get to the point where they are today.

Originally Posted by ATCsaidDoWhat

And what the recent drop in the cost of a barrel of crude is doing to the value of 401 (k)'s...

Originally Posted by tuktukdriver

Question for the applicants:
When you send in your updated resume/PAQ, do you insert a formal cover letter in the body of the email? Or just a little note saying how glad you'd be to get a call, etc...or nothing at all? I usually include a little email explaining why i sent the update (flight time, new license, etc..) ? Thanks

Originally Posted by Whale Driver

I want nothing to do with anything that has TEAMSTERS and my MONEY on the same page!

Originally Posted by captainv

Lowering the average cost paid per share? That's a great thing, unless you're cashing out today.

How about we let the new ExCo poll the group as to what they want?