Your 401k went to zero? Didn't you receive a Note & Claim payment? With 10 years to go according to the ADC Dispatch Notes you should have received higher compensation compared to younger pilots

Sent from my SM-N950U using Tapatalk

Okay, maybe an exaggeration............What about the other items he mentioned?

Denny

Denny,

What you are rowing against is a 10 year bull market. When the market provides year over year double digit returns, "safe" is pretty unappealing.

A few years into a bear market and your question would meet a very different response.

With the clarity of hindsight, the younger folks can easily point see the "horrible decisions" you made. They won't see their "mistakes" till it is too late for them as well.

Yes, I am interested in diversifying my retirement, and will continue to read with interest ALPA thoughts on the subject. "DB" is such a loaded term that unless the market takes a sustained bath, I don't think many others will. Could be wrong.

Denny—80%+ of the people in this thread aren’t buying what you are selling. It’s a noble effort, but for the 1000-1500 guys on their way out over the next few years I wish them all the best. Retirement is done on a contract by contract basis. A good chunk of pilots on our seniority list as of this post are not interested in a DB plan. There are other areas of our contact that we can improve.

Side note: you’d have to talk to me in 35 years, but I am pretty sure that social security that I was promied when I began paying into the system at age 16 will more than likely not be there for me “as promised” by the federal government. So, I am going to go ahead and plan accordingly. If it is there that’ll be a bonus. So that is a retirement issue that many of this generation will have to deal with.

What also needs to be clarified here is the term "diversification". What Denny is alluding to is not diversification of your investments, but diversification of the vehicle. Our current 401k already has the ability to diversify your investments over multiple asset classes(Domestic stock, Foreign Stock, Emerging market stock, Real Estate, Bonds, Commodities, Alternatives). This investment diversification can lead to multiple passive income streams at Retirement age.

For the most part, the only difference between our current 401k vehicle and the micro DB being explored is risk and control. IMO, the pilot group overwhelming wants to keep and enhance(increased DC) our current vehicle because each pilot controls their own destiny vs being forced to place your money with a DB Fund Manager.

Sent from my SM-N950U using Tapatalk

Exactly this.

Here’s the wall that the Lefty’s have planned for those who retire in 15+ years....

https://www.dailywire.com/news/39724...mpaign=dwbrand

Democrats Push 'Medicare For All,' Major Government Expansion To Top Of Congressional Priority List

Tom Williams/CQ Roll Call via Getty Images

ByEMILY ZANOTTI
@EMZANOTTI
December 27, 2018
In between investigations into the Trump Administration, the Democrat-controlled House plans to pursue huge government expansions, Fox News reports, including a proposal to make Medicare available to all Americans.

Presumptive Speaker of the House Nancy Pelosi, the Democratic Progressive Caucus, and other Democratic leaders released a series of draft agendas last week, outlining their competing plans for the first few key months of the half-Democratic Congress. The "Better Deal" and the "Green New Deal" — the two most popular legislative platforms at the moment — both represent billion-dollar expansions that would put the government in control of everything from health care to higher education.
"Expect to hear the words 'free,' 'guaranteed' and 'for all' a whole lot more in the new year as Democrats prepare an arsenal of big-government bills that could actually see a floor vote once they take control of the House," Fox News reports.

Pelosi's "Better Deal" includes everything from "universal high speed Internet" to protections for unions, free universal child care, government-sponsored prescription drug markets, a rollback of the Citizens United decision that allows corporations to make political contributions, expanded federal public housing, and an effort to overturn the Republicans' 2017 tax reform bill.

The proposal also alludes to "jobs for all," and "education for all," likely putting national service and free college on the agenda.

The "Better Deal" is estimated to cost taxpayers nearly a trillion dollars.

But if the "Better Deal" sounds unachievable and costly, it's downright bare bones and cheap compared to the "Green New Deal," an even more progressive agenda backed by legislators like Vermont Sen. Bernie Sanders (I-VT), and Rep.-elect Alexandria Ocasio-Cortez (D-NY).
Th[e bill's] goals include moving the U.S. to 100 percent green energy, federal job guarantees for workers forced out of their fossil fuel jobs, guaranteed minimum income and universal health care," says the Caller.

A one trillion dollar price tag is also just the starting point for the Green New Deal, which involves moving the United States to an alternative energy grid over the next 20 years at a cost of more than $5 trillion. The Medicare for All provision that Democrats seem to desperately want included in any "deal" inked after the first of the year, is estimated to cost more than $32 trillion — and that's just to start.

Oh, good, politics. Left, right, center, I don't care. Keep it to yourself.

I understand what you're saying. But is sure is fun playing devils advocate!:D

I think you're right about Social Security. The only difference I see is the fact that you have 35 years to recover vice 10-15 years. Plus the amounts we are talking about pale in comparison. Heck, I bet at some point I will see reduced benefits as well.

Denny

And how much longer do you think that bull market is going to last...............forever? Now is the time to get significant gains in our contract-all of our contract. In a downturn gains will be hard to come by.

Denny