Dalpa R&I Roadshow

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10-06-2018, 07:47 PM

#391

mispoken

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Joined APC: Feb 2011

Posts: 760

Quote:

Originally Posted by iaflyer

That's what he said - obviously, we all need to do our own research.

Yes, you've got a good point. They just earn the money - but they do pay people to make a good choice with their money. Now I agree that a money manager can take 1% for just doing nothing but talk a good game. My point here was more of the "well, ALPA isn't out in left field suggesting this" like I thought before.

Got it. I'm glad you turned discovered that little bit of information. If it is true, I really hope it is brought to the attention of ALPA because that seems like a complete sham. Picking a low ROR so we don't have to make up for the short fall is wrong in so many ways and is a huge flaw in this vehicle if true. I'll pose this question next time I speak to one of the R&I folks. To your point, though, yes it does seem like these programs cast a wide net, I think R&I said over 22,000 of them throughout the country? Thanks for the info!

10-07-2018, 10:40 AM

#392

Gunfighter

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Joined APC: Apr 2007

Posts: 4,458

Quote:

Originally Posted by notEnuf

The ALPA R&I working group isn’t trying to reinvent the wheel. They are looking to other high income earners for ideas because of the limits for tax advantaged savings.

I’m just not sure if giving up control is worth having a tax break.

This pretty much sums up the whole retirement conversation. Using the Doctor / Attorney examples is a good comparison. There are those within the professions who are great income earners, but disinterested money managers and prefer to outsource that responsibility. Also among the professions are those who prefer managing their own money. There are even profession specific investment sites like www.whitecoatinvestor.com and www.biglawinvestor.com. Maybe it's time to develop Wingsinvestor.com for the aviation profession.
The answer regarding tax savings vs control is an individual decision that depends on personal views regarding investing. For that reason I prefer the optional plans vs the mandatory ones.

10-07-2018, 11:18 AM

#393

mispoken

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Joined APC: Feb 2011

Posts: 760

Quote:

Originally Posted by Gunfighter

This is something I’ve actually been considering. An aviation profession retirement directed website of sorts, perhaps with plain language breakdowns of each of the airlines retirement plans and some scenarios. But, it involves time I don’t feel like investing. Also, it will probably only serve those that already care about investing and money management and would only serve a very small percentage of those who don’t currently care. It’s on the list of things to do, but pretty low.

Last edited by mispoken; 10-07-2018 at 11:52 AM.