Considering jumping ship
02-27-2020 | 04:34 AM
#121
Gets Weekends Off
Joined: Nov 2009
Posts: 315
Likes: 0
From: 757 right seat
How can this be your guess if most of the pilots hired at FedEx in the next decade will be in the left seat at highest pay scale within 10 years if they want. Young guys can see 20-25 years at that pay scale. Do you think that’s happening at any big legacy?
Not trying to say there aren’t lots of good reasons to go somewhere else or career earnings are the driving factor. But I think the career earnings variable favors the airlines with short WB upgrade times and a huge percentage of WB aircraft vs their total.
Not trying to say there aren’t lots of good reasons to go somewhere else or career earnings are the driving factor. But I think the career earnings variable favors the airlines with short WB upgrade times and a huge percentage of WB aircraft vs their total.
02-27-2020 | 11:31 AM
#122
Gets Weekends Off
Joined: Jul 2007
Posts: 325
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From: 1 on big twin
Soooooo...
sounds like you have chosen seniority over compensation.
it’s nice to have those options.
02-27-2020 | 12:07 PM
#123
On Reserve
Joined: Dec 2017
Posts: 49
Likes: 2
ask your pilot friends how they feel about their retirements if they only have B funds/401k and profit sharing after this week in the stock market. my pension only lost to inflation... it's not perfect, but it provides a serious amount of security.
02-27-2020 | 03:14 PM
#124
Gets Weekends Off
Joined: Nov 2017
Posts: 2,174
Likes: 1
I agree that we probably do better overall because of our ratio of NB/WB aircraft. But I think that even if one upgrades here at the earliest possibility, that NB captain rate still lags the legacies. All pay rates lag way behind those at the legacies, with all three of them slated to get increases in this next round of negotiations before we even get to openers.
Considering the type of flying we do, our rates should always be higher than legacies. I think they will be in this next round since we will have to compete with the legacies for pilots.
02-27-2020 | 04:27 PM
#125
On Reserve
Joined: Dec 2016
Posts: 109
Likes: 5
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
02-27-2020 | 05:35 PM
#126
Gets Weekends Off
Joined: May 2018
Posts: 210
Likes: 0
Dude, terrible way to look at a stock market correction. Guess what, I feel GREAT about it. Just like in 2009, buying opportunity and the market is up CRAZY in the 10 years since, BEATING inflation.
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
02-27-2020 | 05:59 PM
#127
Banned
Joined: Oct 2019
Posts: 923
Likes: 0
Give me a GUARANTEED $100k+\year in X years AND a separate nest egg to go along with it. Yes, there are going to be the odd balls that average higher returns than the average guy, but that is most certainly not the norm, in fact the minority. At UPS, I’ll happily take my $100k+/year annuity PLUS the 12% the company gives me. Thank you very much!
02-27-2020 | 06:14 PM
#128
On Reserve
Joined: Dec 2017
Posts: 49
Likes: 2
Dude, terrible way to look at a stock market correction. Guess what, I feel GREAT about it. Just like in 2009, buying opportunity and the market is up CRAZY in the 10 years since, BEATING inflation.
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
i guess you better accumulate 3-4 million dollars in your 401k by retirement with no pension to match our pension payment. i wish you luck if you can maintain an 80/20 ratio after 65 to keep your income up with no pension, this would be ill advised and exceptionally risky. in retirement you don't have the option to not sell if it is your income source. i wish you luck.
02-27-2020 | 06:51 PM
#129
Banned
Joined: Aug 2019
Posts: 1,244
Likes: 0
Dude, terrible way to look at a stock market correction. Guess what, I feel GREAT about it. Just like in 2009, buying opportunity and the market is up CRAZY in the 10 years since, BEATING inflation.
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
id take 16% b fund cash over cap any day vice an A plan. And I’m at Fedex.
our A plan is down 17.2% over the last 10 years(inflation eating away at value)
the stock market after today is STILL up 167% over the same time period.
assuming an 80/20 portfolio, that’s ~134% gain, 13% annual gain, vs our A plan’s NEGATIVE 1.7% return.
as long as you didn’t freak out and sell low, your account regained its value in less than 3 years (and more if you kept investing)
02-28-2020 | 12:13 AM
#130
Gets Weekends Off
Joined: Nov 2009
Posts: 315
Likes: 0
From: 757 right seat
Given different priorities on seniority and variances on compensation, I think a 25-30 year career at FDX or the other legacies is going to have similar earnings.
Last edited by PA31; 02-28-2020 at 12:42 AM.
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