Purple Drank

I know you've brought this up before. It sounds intriguing.

Can you please walk me through the mechanics of it again? How do we make sure it's there when we retire, and doesn't turn into another pension scheme the company can shed in the next downturn?

Elliot

No.

Sink r8

Why would we compare ourselves to an attorney, or a doctor anyway? If we were comparing ourselves to either of those, which we shouldn't, we should be compensated proportionally to the certainty of outcome. We should get paid the same as a doctor that almost never loses a patient, or an attorney that wins the vast majority of their cases.

Imagine a doctor @ 99.999999% success rate, or an attorney that could win above 90% of cases. Either one would be paid 7 figures, not 6.

badflaps

Probably not really, in the piston days the lines were constructed to 85 hours, mostly 82-83 hour lines, plenty of time off.

RockyBoy

No clue what the average is.

I have one neighbor who is a Dentist. Works Mon-Thur 8-4. Makes about 250K.

I have another neighbor who is a orthopedic surgeon. Works about 5 days a week and some long hours. Makes 450K.

I'm comparing myself to people I actually know in those professions and what they make.....not what Google will tell you.

Elliot

I agree, but this is why we're always in a seemingly constant, up-hill battle.....

PERCEPTION:



For crying out loud, the Delta Air Lines safety video, albeit being an attempt at humor, wanted to end the video with a pilot pushing the "FLY" button.

scambo1

I don't even know that it's legal to do it pretax.

The thing is, I have gotten to a point income wise, and I'm certainly not alone, and a life situation where, everything is paid for (actually has been for awhile-not bragging just illustrating). My family, in this situation, and we do what we want, has a monthly money usage need of only about $3500. This spikes when we pay property taxes.

My write offs are a farm, about $70k of the top, and rental real estate depreciation. There are other write offs but are largely inconsequential in comparison and I try to make them as big as possible. I max my 401k. Etc.

Anyone who is fiscally responsible in this job will easily get to this point in their life. The only differences IMO, would be the speed at which they get there. That is probably based mostly on where they live.

Anyway, I make more than I need and I'd like to put away more (pretax). At the same time, as you know, I'm a greenslip Ho. I figure if I'm willing to fly it at straight pay, I'd be dumb not to at 2x pay.

The issue is, my desire to pay more tax is not why I work. I have, for a number of years, brought up that income level sweet spot above which there is a big earnings gap where you are working more for the tax man than yourself.

My fix would be some way to defer more income, some how. That's all.

forgot to bid

We drive flying buses.

Fly through the air. Buses. Air. Buses. Airbus.

We're not in the same business model as a lawyer or doctor, don't know why people want to compare us to them.

scambo1

We are like star voyagers.... What does Chewbacca make.

badflaps

I had a friend who worked for a consulting firm, we were down in ops. There was a goofy poster of a pilot as a fuel hog. (CO. produced).. He said to me: "How long have they been undermining your authority?"
I had no answer......