AMEN! Im 100% in....:) a well deserved improvement.

Don't tell the DZ that. They shouldn't have to use their OWN money for retirement! The outrage! Every penny they get from Delta should only be used for toys and houses.

There are far too many questions but I think partly because the union is going to throw it out to the company to see what sticks. They are telling us about the grandslam homerun when, in reality, they'll probably only get a double. Unfortunately, they are doing this to placate their Hardline restoration crowd and risking the health of the rest of the negotiations.

Even if they get the new plan, IF it's optional, it'll more than likely be on a vesting schedule that will make it worthless for the restoration crowd anyways.

[QUOTE=Xjrstreetcar;2820476]Thanks, researching asset allocation and wealth building ideas is a small hobby of mine. Discussing an important topic like this amoung fellow Delta pilots has been enjoyable

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That would depend on:

1. The "voluntary" part means I get the extra 9% regardless of opting in or out (opting in would direct that money there obviously, and out would be just like existing DC).

2. This whole "minimum balance" concept (assuming that was an individual metric versus a plan/group total minimum balance) would have to be directly tied to the amount put in by everyone individually.

In no way can we negotiate a plan that pays out half a mil or whatever for those who barely put anything into the plan. That would be absolutely insane and would be an instant NO vote, nor would I contribute to it unless forced to in order to be able to participate in the extra 9%, although I'd still be a NO vote at ratification time.

All that said, I can't imagine us or the company would fall for something so incredibly stupid as to front load large checks to those departing the pattern soon that the plan would then have to catch up on at the expense of everyone else. Shirly that's not how this could go is it?

I bet the company is watching this debacle with a smile. There is no way they are going to agree to raising the contributions that much. This will make negotiations take years... probably until the DZs are no longer a factor.

Hedge fund managers aren’t the answer. Money managers aren’t the answer. I challenge you to find me a list of money managers and hedge fund managers that have outperformed the S&P 500 over a statistically significant period of time. I’m not saying they don’t exist, but they’re outliers. I’m not saying it’s impossible, but it’s not probable. I suspect some till mention the oracle of Omaha but We aren’t going to get Warren Buffet to sit down with us to discuss money management. The onus is on us as individuals to learn about money management and the simplicity of investing. This is something our society has completely failed to do for generations. Until this becomes a major part of our educational curriculum, it won’t change and we will beholden to the crooked financial industry that we have created today. That system is not there to make us wealthy, but the advisors, partners and executives and they do so by collecting fees from the layman who thinks it’s too difficult or can’t be bothered to learn and instead prefer to spend their time building their NCAA brackets. It is for this reason that those who take money management and investing very serious will be hindered at generating real wealth due to the tail wagging the dog that is this “tax deferral” plan that is being proposed. It’s quite simple; if you aren’t risk averse, invest as you see fit. If you are risk averse, invest in a bond fund or a broad index fund and do so mechanically. It’s really that simple, but we seem to ignore the beauty and simplicity of this system in large part due to financial institutions feeding us the most confusing and complicated plate of information that they can so that we throw our hands up and say “you take care of it” and defer to their “expertise”. This mentality is the true barrier to wealth creation, not taxes and no MBCPB or some other hybrid of it will fix that.

The good news is that we DO have access to the systems and resources that CAN make us wealthy and it can be done so quite cheaply. All it takes is some self education on the subject and discipline. I for one have no interest in being penalized due to others not having the determination to sit down and truly educate themselves on how to do it.

Please send your reps this message, please!

I second this.

I’m sorry, I just can help myself with this part of your post.

You just don’t get it. The DZ does not have your time to recover lost investments. And by investments I mean loss of the DB pension which was earned, deferred compensation, 46% pay cut, B scale etc., etc., etc. Also, for a significant portion of our careers we did not have access to a 401k in which to put money aside and when we got one matching funds/contributions were made in Delta preferred stock valued at around $70/share. We literally got pennies on the dollar in for it in bankruptcy.

With a statement like the above, you absolutely fail to acknowledge any of the involuntary sacrifices the DZ pilots have made. And there were many. I sure hope your career path doesn’t include them.

Your statement is totally ignorant and ignores the many pilots who HAVE put aside money but don’t have the time in their careers left you do to recover. Must be nice to live in a glass house.

Denny

Not even "truly educate.". Just take an afternoon. They have a "for dummies" book that explains enough that you can avoid doing something stupid and ensure a practical level of risk.

No. I do not want 5% guaranteed returns.. especially when the company running this fund will invest my money aggressively and take the difference of 5% and whatever the market produces and pocket it... Plus a likely outrageous fee to manage it.