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Adlerdriver 02-09-2015 03:31 PM


Originally Posted by Firefly899 (Post 1822536)
So what would be more appealing to FedEX. Someone that can_____ 30 years or someone that cannot.

I'd like to solve the puzzle, Pat.

Someone that can live? 30 years....
Someone that can fly? 30 years....
Someone that can not complain? 30 years....

live in Memphis?
not have an incident?
live to retirement +1 day and then die?

All of the above?

FedElta 02-09-2015 04:58 PM

FDA/Cologne
 
Hey Guys,

I just read a news feed that said that Germany now offers free tuition and some other perks to US students.

Might. That be of interest to anyone considering Cologne with college age dependents ??

Regards,
BG
" college tuition"

Firefly899 02-09-2015 05:45 PM


Originally Posted by FedElta (Post 1822600)
Hey Guys,



I just read a news feed that said that Germany now offers free tuition and some other perks to US students.



Might. That be of interest to anyone considering Cologne with college age dependents ??



Regards,

BG

" college tuition"


CGN is my goal but only have a 5 year old. Darn!!!!


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MeXC 02-09-2015 05:47 PM


Originally Posted by Firefly899 (Post 1822635)
CGN is my goal but only have a 5 year old. Darn!!!!


Sent from my iPhone using Tapatalk

Just stay there for 17 years and you're good.

AerisArmis 02-09-2015 07:30 PM


Originally Posted by Adlerdriver (Post 1822547)
I'd like to solve the puzzle, Pat.

Someone that can live? 30 years....
Someone that can fly? 30 years....
Someone that can not complain? 30 years....

live in Memphis?
not have an incident?
live to retirement +1 day and then die?

All of the above?

Someone who can sing karaoke at the Cage for 30 years?

pilot141 02-09-2015 11:32 PM


Originally Posted by PurpleToolBox (Post 1822376)
I'm very suspicious of all the new posters who have jumped in the discussion on this thread. It makes me wonder who you guys are?

Since you called me out specifically, I feel I must respond.

Just because I am not one of the 12 angry men does not mean that I am some newbie who is wet behind the ears or a management plant. I have been registered on this site eight years longer than you and have twice as many posts, which you could easily have seen by looking to the left.

So let's move on to the relevant discussion about how we make this company a better place to work rather than throwing spears at each other, OK?

Jetjok 02-10-2015 03:45 AM


Originally Posted by Firefly899 (Post 1822635)
CGN is my goal but only have a 5 year old. Darn!!!!

And if you live in Memphis, that 5 year old isn't scheduled to start school for another 6 or 7 years. ;) Just kidding. I couldn't resist.:D

Firefly899 02-10-2015 04:24 AM


Originally Posted by Jetjok (Post 1822768)
And if you live in Memphis, that 5 year old isn't scheduled to start school for another 6 or 7 years. ;) Just kidding. I couldn't resist.:D


Exactly why I want to go. [emoji3]


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Flyinhigh 02-10-2015 07:16 AM


Originally Posted by PurpleToolBox (Post 1822540)
Have you looked at this on a spreadsheet? Does ALPA have one?

I played with some numbers, assuming a FO for ten years, maxed out his retirement, average salary of 130,000. Then a CA for 15 years, average salary of 260,000, maxes out his contribution, but no catch up. I came up with $2,445,000 assuming 8% return. There are mutual funds with long term records who meet or exceed that. Sure it goes up and down. That's why you need to be diversified. I don't know what $2.4M gets you after taxes though. I'm not that smart. If you took 6% of that $2.4M a year out, that's roughly $140,000 a year. That's not too bad in retirement.

I get $3.5M if you go to the 16.5% B-fund.

Public Math Warning ... I'm an engineer by trade, not a financial professional or mathematician.

Plus, under this scenario there would be no need to take a survivor option. It is already there because you own the funds. Depending on your spouses age your Defined Benefit income could be reduced by up to 25% in order to purchase a survivor option. Also, if you and the spouse check out within a few months of each other, there is an estate left for the kids to fight over. Under the DB plan, it is gone when the survivor passes away. The down side is that you may have to vary your annual income based on the market performance under the DC plan. Just some food for thought.

TonyC 02-10-2015 07:44 AM


Originally Posted by Flyinhigh (Post 1822904)

Under the DB plan, it is gone when the survivor passes away. The down side is that you may have to vary your annual income based on the market performance under the DC plan. Just some food for thought.


You cannot outlive the Defined Benefit plan.


With only a Defined Contribution plan, you should plan to die when the money runs out.






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