Lost Retirements
07-11-2018 | 06:23 PM
#52
Gets Weekends Off
Joined: Apr 2018
Posts: 3,600
Likes: 49
Yea, I know right. Not bragging. Simply trying to point out that we are all different. A lot of this thread has been fairly myopic " I'll never vote for...(.insert reason to suit). There will always be divides.....it is up to the MEC to craft the best contract they can that helps the most pilots....then we all get 1 vote.......it is possible for large blocks to vote in something that disadvantages one group....it may be morally and ethically wrong but the majority gets to rule.
Really my point was that several have stated "I want this, it affectss everyone equally" that may or may not be correct.....keep an open mind on all matters and pray that the resources of ALPA exceed mine
Really my point was that several have stated "I want this, it affectss everyone equally" that may or may not be correct.....keep an open mind on all matters and pray that the resources of ALPA exceed mine
07-11-2018 | 06:48 PM
#53
Gets Weekends Off
Joined: Apr 2007
Posts: 5,614
Likes: 633
In 1980, the top marginal rate was 70%. In 1962, the top marginal rate was 92%. How are any of them relevant to 2018? In fact, by the time any of the ideas are implemented we will be concerned with 2019 and beyond tax rates. Please be honest with the math, so the validity of the argument isn't diluted. I'm with you on this, let's use facts relevant to the problem we are trying to solve. The top marginal tax rate for most of the high earning pilots is 32.9% federal (315-400k), there are some who will exceed that with Delta alone and quite a few with outside income or working spouses who are in 37.9% federal range. The state additive is more unique and varies from 0-10%.
WRT the 50% comment, congrats for having that problem. You need to find a non W-2 source of income. I sound like a broken record on these forums, but owning income producing real estate is the best way to make money and build wealth. It far exceeds any DC Backdoor Mega 415c Roth Pension VB Annuity plan in existence.
07-11-2018 | 06:51 PM
#54
Gets Weekends Off
Joined: Apr 2007
Posts: 5,614
Likes: 633
Learn these words: "Backdoor Roth IRA", "Mega Backdoor Roth IRA". You just think there is a limit to qualify.
07-11-2018 | 07:25 PM
#55
Gets Weekends Off
Joined: Apr 2018
Posts: 3,600
Likes: 49
Gunfighter,
Totally understand about the tax % and I don't think I have tried to say that the majority of pilots do pay ??????. I can unequivocally state that I did last year....I will have to see what this year brings. As far as your proselytizing about investment property..I agree. Unfortunately, being of years approaching senility and the relative high property values , my opportunity is limited( your opinion may vary but I did cut and paste the ideas that you were involved with and forwarded them to my kids). Time value of money and the rule of 72 becomes magical if you have a long time horizon. If the years are limited the results "appear" ho, hum and carrying investment mortgage liability can be a little daunting if you have no current income other than SS and frozen DB/PBGC
It is a slippery slope....would I be for retirement medical? yes. Do I expect somebody that did their "sentence" and has Tricare to feel the same way? Absolutely not. Again that is my point. We are all different but it is up to the MEC to bring forth the bestest! Will everyone be happy? No. But would an outside observer say "that helps the most pilots in the most equitable fashion".....that's prolly good
Pay banding?,....prolly good, but some will get hurt......solution? Ease it in with at least 3 years notice so that pilots can take advantage of their seniority and bid accordingly over 3 years(otherwise the 777 capt is subsidizing "juniors " huge pay bump)....(No, I am not a 777 capt trying to protect my turf, not even in the 330/765 cat)
Totally understand about the tax % and I don't think I have tried to say that the majority of pilots do pay ??????. I can unequivocally state that I did last year....I will have to see what this year brings. As far as your proselytizing about investment property..I agree. Unfortunately, being of years approaching senility and the relative high property values , my opportunity is limited( your opinion may vary but I did cut and paste the ideas that you were involved with and forwarded them to my kids). Time value of money and the rule of 72 becomes magical if you have a long time horizon. If the years are limited the results "appear" ho, hum and carrying investment mortgage liability can be a little daunting if you have no current income other than SS and frozen DB/PBGC
It is a slippery slope....would I be for retirement medical? yes. Do I expect somebody that did their "sentence" and has Tricare to feel the same way? Absolutely not. Again that is my point. We are all different but it is up to the MEC to bring forth the bestest! Will everyone be happy? No. But would an outside observer say "that helps the most pilots in the most equitable fashion".....that's prolly good
Pay banding?,....prolly good, but some will get hurt......solution? Ease it in with at least 3 years notice so that pilots can take advantage of their seniority and bid accordingly over 3 years(otherwise the 777 capt is subsidizing "juniors " huge pay bump)....(No, I am not a 777 capt trying to protect my turf, not even in the 330/765 cat)
07-11-2018 | 07:43 PM
#56
Line Holder
Joined: Mar 2012
Posts: 458
Likes: 1
From: 320B
Amen!! Automatic NO vote for me if there is a DB plan on this next contract.
I think we can all agree that you deadzoners got hosed by both timing and circumstance. You gave up a lot in order to save your jobs and the company. Me, and many others, wouldn’t be here without your sacrifices. So thank you, sincerely, for paving the way for the future pilots and employees here at Delta Air Lines. I enjoy my job and flying/learning alongside you all.
No, you will not receive any more money/benefits/windfall on this contract due to your poor timing and circumstance. Life happens, and we can all agree that your misfortune wasn’t planned. Thus, our futures aren’t planned either, and hopefully most of us are saving and planning on our future screw jobs from both the company, stock market, timing, technology changes, etc. As you can attest, life happens, and it will for us as well.
While flying alongside you guys, most of us have learned NOT to trust others with our money (DB), live on half of what we make in case we get sick, and expect to live through another 9/11, etc. You’ve told us that the future is bright... until it’s not. So prepare for a turbulent career and be pleasantly surprised if it all works out in the end.
The only equitable solution regarding upcoming negotiations is to increase everyone’s pay, defined contributions, soft time, QOL, sick/vacation, etc EQUALLY. Everyone is a winner, and can choose their investment strategies individually. Real estate, dividends, index funds or hookers and blow. It doesn’t really matter, because we ALL get a raise.
Any union that robs Peter to pay Paul is sealing its own fate. Any fake letters or ridiculous posts by Jerry just inflame a pilot group that can easily navigate to the most simple, pure and easy solution right in front of them: Pay and DC raises for all! QOL improvements for all. Sick and vacation increases, etc.
Let’s all accept that life isn’t fair, and learn from the circumstances of those before us. Let’s hope we can compensate those who took it on the chin well enough to allow them to recover as much as possible before they retire.
I know it sounds like I don’t care, but I’m just being honest. If anyone from the MEC reads this crap, know that you will LOSE the bottom half of this pilot group if you decide to benefit one group over another or introduce a DB. Simple solutions and fast results have the added benefit of helping deadzoners enjoy more “recovery” time, too! So let’s work together to get paid.
And please, no more fake/dumb/ineffective letters from Jerry/gszg.
Sent from my iPad using Tapatalk
No, you will not receive any more money/benefits/windfall on this contract due to your poor timing and circumstance. Life happens, and we can all agree that your misfortune wasn’t planned. Thus, our futures aren’t planned either, and hopefully most of us are saving and planning on our future screw jobs from both the company, stock market, timing, technology changes, etc. As you can attest, life happens, and it will for us as well.
While flying alongside you guys, most of us have learned NOT to trust others with our money (DB), live on half of what we make in case we get sick, and expect to live through another 9/11, etc. You’ve told us that the future is bright... until it’s not. So prepare for a turbulent career and be pleasantly surprised if it all works out in the end.
The only equitable solution regarding upcoming negotiations is to increase everyone’s pay, defined contributions, soft time, QOL, sick/vacation, etc EQUALLY. Everyone is a winner, and can choose their investment strategies individually. Real estate, dividends, index funds or hookers and blow. It doesn’t really matter, because we ALL get a raise.
Any union that robs Peter to pay Paul is sealing its own fate. Any fake letters or ridiculous posts by Jerry just inflame a pilot group that can easily navigate to the most simple, pure and easy solution right in front of them: Pay and DC raises for all! QOL improvements for all. Sick and vacation increases, etc.
Let’s all accept that life isn’t fair, and learn from the circumstances of those before us. Let’s hope we can compensate those who took it on the chin well enough to allow them to recover as much as possible before they retire.
I know it sounds like I don’t care, but I’m just being honest. If anyone from the MEC reads this crap, know that you will LOSE the bottom half of this pilot group if you decide to benefit one group over another or introduce a DB. Simple solutions and fast results have the added benefit of helping deadzoners enjoy more “recovery” time, too! So let’s work together to get paid.
And please, no more fake/dumb/ineffective letters from Jerry/gszg.
Sent from my iPad using Tapatalk
07-11-2018 | 07:49 PM
#57
Gets Weekends Off
Joined: Apr 2018
Posts: 3,600
Likes: 49
In 1980, the top marginal rate was 70%. In 1962, the top marginal rate was 92%. How are any of them relevant to 2018? In fact, by the time any of the ideas are implemented we will be concerned with 2019 and beyond tax rates. Please be honest with the math, so the validity of the argument isn't diluted.
Using your logic, who cares what we made prior to bankruptcy? The bar was reset, right. If you would have uttered those words on this forum you would have been castigated more than SailingfunI was as honest as I understood the info and when you "enlightened" me
I readily acknowledged it. How bout that .9% tax(Obamacare) that is a fact, yes?You try to paint it as I was purposely misleading ie purposely dishonest. I don't paint you as dishonest when you failed to mention that .9%
We can all agree taxes can be a *****(thanks guys, I don't need to hear about first world problems)
I think this would be a better place if people got the benefit of the doubt until they have proven that they have nefarious/malicious intent
All you stalkers . Notice the copious emoticons? Don't make me have to say, "Lighten up, Francis".....no malicious intent intended
PS: There were copious emoticons until the program said I was limited to three. Had to redact numerous. I think it is a nefarious plot to subvert my warped sense of humor.
Cheers
07-11-2018 | 09:16 PM
#59
Gets Weekends Off
Joined: Sep 2008
Posts: 6,971
Likes: 0
From: Kickin’ Back
07-11-2018 | 10:26 PM
#60
New Hire
Joined: Jul 2018
Posts: 1
Likes: 0
i want to share a vital information about how easily you can recover any lost fund via https://oxpahat.org/ is a helpful source for various recovery for i and my family. good luck
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