Early Retirement?

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03-15-2020 | 03:57 PM

#41

BobZ

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Quote:

Originally Posted by Hank Kingsley

Vanguard's 2020 target plan, retire now is about 50/50 equities and bonds. 2025, 60/40. So being near retirement with 40% equities is not haphazard.

That being said, senior guys are down 300 to 500k in a week

Except the ones that didnt have 300-500k to begin with😅

03-15-2020 | 04:29 PM

#42

Hank Kingsley

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From: Power top

Quote:

Originally Posted by BobZ

Except the ones that didnt have 300-500k to begin with😅

Yeah, that was a stupid post. Lots of delta people are hurting more than me, sorry.

03-16-2020 | 09:54 AM

#43

Shakinthefat

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Question was asked today to ATL CPO during impromptu question and answer about early retirement. He said everything is being looked at right now, nothing is off the table.

03-16-2020 | 10:58 AM

#44

badflaps

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From: retired 767(dl)

Quote:

Originally Posted by Shakinthefat

Question was asked today to ATL CPO during impromptu question and answer about early retirement. He said everything is being looked at right now, nothing is off the table.

From experience, please read that as; How bad can we hammer the pilots. The sad thing is they dump on the CPO's after the dirty work is done, Nothing new here.

03-16-2020 | 11:15 AM

#45

Jay1122

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Quote:

Originally Posted by Hank Kingsley

Longer discussion than I have time for, but being at retirement with 50% or even 40% in equities is beyond idiotic.

03-16-2020 | 11:38 AM

#46

Hank Kingsley

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From: Power top

Quote:

Originally Posted by Jay1122

Longer discussion than I have time for, but being at retirement with 50% or even 40% in equities is beyond idiotic.

You need to write a book. 100 minus your age was the old gouge. Some are saying 120 minus your age. That idea can be found in many references. So I respectfully disagree and so do many others

03-16-2020 | 11:40 AM

#47

BobZ

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Im glad im broke. I couldnt take that kind of stress.

03-16-2020 | 12:43 PM

#48

bigdaddie

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From: LAX 350 A

Quote:

Originally Posted by BlueSkies

Wait, what? Can you give more details on this? (Not doubting, just never heard anything about this before)

How did that even make sense, aren't senior guys way more expensive than junior guys?

It's one of the LOLs in the bankruptcy era. The were referred to as PRPs (post retirement pilots). The basically came back at the bottom of the seniority list but in their seat/equip at retirement. The argument was to save training costs.

03-18-2020 | 03:16 AM

#49

Herkflyr

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From: Road construction signholder

Quote:

Originally Posted by bigdaddie

No the argument wasn't to "save training costs." It was to prevent entire categories from shutting down due to no qualified captains available and no LCAs available to train their replacements (they had all taken early retirement en masse). Necessary evil that was very limited in time and scope. See my earlier posts on this.