FedEx v swa
01-27-2021 | 02:49 PM
#81
Line Holder
Joined: Jun 2018
Posts: 727
Likes: 33
From: 767 CA
That's my goal Rvfanatic. At age 61 I'll have my 25 years of service towards the max pension. 4 years on property and I've already knocked out two years of my "High Five".
Plus, many things are based on your yearly earnings. Take LTD for example. It's 60% of your best 12 months in the last 36 (reduces to 50% of that after 24 months). You don't plan on being out early on LTD, but if you are then it's nice to have some financial advantages. I've seen odd things happen to folks at an early age and they always wish they done more to be better prepared for the unplanned events.
As with anything there's a happy medium. Don't want to work yourself into a Heart Attack, but also want to be prepared for some odd ball LTD triggering event.
Plus, many things are based on your yearly earnings. Take LTD for example. It's 60% of your best 12 months in the last 36 (reduces to 50% of that after 24 months). You don't plan on being out early on LTD, but if you are then it's nice to have some financial advantages. I've seen odd things happen to folks at an early age and they always wish they done more to be better prepared for the unplanned events.
As with anything there's a happy medium. Don't want to work yourself into a Heart Attack, but also want to be prepared for some odd ball LTD triggering event.
01-27-2021 | 05:06 PM
#82
Line Holder
Joined: Jul 2010
Posts: 268
Likes: 1
From: BE-20, LR35
Non FDX guy here, but I enjoyed your post thank you!
I don’t want to over simplify what you’ve said but it sounds like a very reasonable long term approach to what could be a difficult job if you let it (working extra, selling back vacation, and mostly night flying). We’ve all seen what that can do to pilots and it ain’t pretty.
I’m wondering with the power of compounding interest (Einstein said it was the most powerful thing in the universe) and time value of money, do some FDX guys take a shorter term sight picture and make as much as they can with the goal of financial freedom and retiring early, say 60? I’m newer in my airline career and interested in the work life balance, it seems like you took a counter cultural approach and are being rewarded in happiness, thanks!
I don’t want to over simplify what you’ve said but it sounds like a very reasonable long term approach to what could be a difficult job if you let it (working extra, selling back vacation, and mostly night flying). We’ve all seen what that can do to pilots and it ain’t pretty.
I’m wondering with the power of compounding interest (Einstein said it was the most powerful thing in the universe) and time value of money, do some FDX guys take a shorter term sight picture and make as much as they can with the goal of financial freedom and retiring early, say 60? I’m newer in my airline career and interested in the work life balance, it seems like you took a counter cultural approach and are being rewarded in happiness, thanks!
01-27-2021 | 05:39 PM
#83
On Reserve
Joined: Jul 2019
Posts: 193
Likes: 21
That's my goal Rvfanatic. At age 61 I'll have my 25 years of service towards the max pension. 4 years on property and I've already knocked out two years of my "High Five".
Plus, many things are based on your yearly earnings. Take LTD for example. It's 60% of your best 12 months in the last 36 (reduces to 50% of that after 24 months). You don't plan on being out early on LTD, but if you are then it's nice to have some financial advantages. I've seen odd things happen to folks at an early age and they always wish they done more to be better prepared for the unplanned events.
As with anything there's a happy medium. Don't want to work yourself into a Heart Attack, but also want to be prepared for some odd ball LTD triggering event.
Plus, many things are based on your yearly earnings. Take LTD for example. It's 60% of your best 12 months in the last 36 (reduces to 50% of that after 24 months). You don't plan on being out early on LTD, but if you are then it's nice to have some financial advantages. I've seen odd things happen to folks at an early age and they always wish they done more to be better prepared for the unplanned events.
As with anything there's a happy medium. Don't want to work yourself into a Heart Attack, but also want to be prepared for some odd ball LTD triggering event.
02-04-2021 | 12:25 PM
#86
Banned
Joined: Jun 2018
Posts: 1,838
Likes: 0
This thread just started a month ago. The one you are referencing is down the list further. That one was started by someone in January of 2020 or end of 2019. To say that some were short sided then would be an understatement. Many of those common names that complained all the time are now radio silent as they realize how good they have it and how good our CBA is. We definitely need some improvements, but as a whole this job is leaps and bounds above the pax world. W2, retirements, benefits, vacation, career progression, etc. I lived the pax major life prior and I can tell you its an apples vs oranges comparison.......
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