Airline Pilot Central Forums - This TA will be ratified

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Quote:

Originally Posted by Commando (Post 1974880)

I just saw the E-mail from DL Management and Pay Rates for all NON-Union Employees. 14.5% Pay Increase in one swoop. They got 4% last year.

I guess by your implication, the pilots of DL would have also received a 14.5% pay raise. News flash, an employer can give raises (or none at all) to whom it wishes and at what it deems fit based on its own criteria. It highly unlikely that DL pilots would even have their current T&C let alone a 14.5% bump on what they have now.

I assume you were poorly served by ALPO, work for a non union carrier or some 91 owner/operator and see how great negotiating your own deal is. Let us know how good you have it. :rolleyes:

4% of 1M is 40k, so ballpark 130k=3.3M

Is the 4% Rule Still Appropriate?

Feel Free to spend 10% or more Foxhunter, if that's what you think is best for your retirement situation

True you need that much if you do not touch the principle. Are you saying that is what the company has to put up for us to draw on?

If you are using that number for what you personally would need to achieve $130k a year? If it is in your account you should realistically be drawing down the principle over time. So to achieve $130k a year assuming 4% returns over 25 years ( assuming you live 25 years after you retire) you would need $2.1M. That is why trying to go with only a B fund to live off of is almost impossible to make up the difference.

If you throw in our current B Fund (25 year WB capt should have close to $900k in it) plus our A fund you could never match that with just a B fund.

I would like to see our B Fund keep increasing and the company contribute cash over cap which we could put into a IRA to help offset inflation.

This would keep the accountants happy because it would not increase the liability for the company, mean while allowing us to stave off the effects of inflation on our a Fund.

Quote:

Originally Posted by kronan (Post 1974988)

4% of 1M is 40k, so ballpark 130k=3.3M

Is the 4% Rule Still Appropriate?

HKG Roadshow, Albie?

Albie, many of us APC stalkers are waiting for what you think after attending the HKG roadshow. Having taken your interview class 5 years' ago and reading your posts here over the years, you can always be counted on to have well thought out posts, lacking the "grumpiness" and selfish myopia of some of certain posters. What are your thoughts after the roadshow?

Quote:

Originally Posted by GetRealDude (Post 1974767)

Neither FH nor PG understand the time value of money. That's a certainty. It's a diminishing commodity/benefit. Looking at alternative solutions is appropriate but the TA as is ... represents mediocrity.

A full buyout of the A plan for each pilot gives me today's dollars ... That coupled with a significantly enhanced B plan - I'm interested. You might not be.

If you want to go down with the A plan sinking ship of diminished value based on COLA, then that should be your choice.

It's not BS nor is it foolishness. They are options based on intelligence and reality. But feel free to beat your chest and yell at the top of your lungs - once you disappear under the waves ... no one will hear you.

Isn't FH retired? Man I hope I've got better things to do in retirement than hang out here.

Some very good points to think about. I think there are options to the A plan and it hasn't been addressed.

And yes, FH is retired and I have no idea why anyone would continue to post here after the are retired. Lurk yes, but to try to influence a contract they can't vote on, you got me.

4% Rule of thumb is not about portfolio return, and it's not about leaving principle untouched.

http://www.nytimes.com/2015/05/09/yo...rule.html?_r=0