Originally Posted by 404yxl

You don't understand how investing works and compounding interest. Since you used 8% of $5000 to come up with $400/year and $12,000 30 years later, here is what really happens. 8% compounded over 30 years would net you an extra $12,000 16 years later ($17,000) and after 30 years it would net you an extra $45,000 ($50,000) total, not $12,000 extra. If you were 25 years old and let it compound for 40 years until age 65, it would then be worth $108,000. And that is only if you put in $5000 once, not every year.


With this attitude you will wonder at age 60, why your retirement prospects don't look as good as others who got a much earlier start than you. Retirement plans matter, especially the earlier you start them.

If your parents put in $5000 when you were born, it alone would grow to $744,000 in 65 years.



No one lost anything in 2007-2008 unless they sold. The S&P 500 went from 1550 to 730 and had since recovered between 1850-2120. That means all of your previous savings still grew. On top of that, anything you invested at the bottom(which you should keep doing in a crash), grew over 250% since 2009, 14.5% annual growth. Even better than 8%.


The retention bonus is earned for every month now, not 3 months. They changed the proration from 3 to 1 month a while ago.

They are paying a $23,000 annual retention bonus (earned monthly) because along with the DAL SSP program and good work rules, they can staff the airline and now grow. I would expect it to continue after 3 years or Endeavor will run into the same problems others are seeing. Staffing will be worse in 3 years, so chances are it will grow even higher. If it doesn't continue, I would not recommend it over others anymore.



A pilot at Endeavor will likely see captain much sooner than RAH at the current rate. Endeavor has a much better attrition rate than RAH (due to the SSP) and will be growing (RAH is likely to shrink)

Originally Posted by cf105

"7-8% over 30 years"..... wow.... That's definitely a game changer! If I manage to put $5K in my 401K this year, I would make an extra..... $400/year (that's going to help me withy Starbucks bill).... $12K in 30 years... That's a lot of money to retire on in 30 years LOL. Holy fakk, I need to keep this into account when I chose my first airline.
401K are so solid - like no one ever lost theirs in 2007-2008 - Deal breaker, right there.

Quick question about E9, why do they keep on giving the extra cash that makes them the best-Regional-to-work-for-ever in bonus and not in hourly pay? Why are they trying to retain pilots by paying it every 3 months instead of just pay it in the hourly rate? Not trusting that the working conditions, guaranteed DAL interview (when they believe your time has come) and QOL enough?

Why give salaries comparisons over 3 years? Since we are talking long term investing in 401Ks, flow/interview to a major, and a career, why not talk salary over 5 years?

E9: $2250/months + $23K bonus x 3 = $181K
RAH: $3000/month + 7500 bonus = $187K

Same ****.

Originally Posted by aperfcrcle

Because, according to you, they have a flow right? How is attrition good there? you have 7-8 year FO's and 4 out of 19 people getting the job from the SSP..

Originally Posted by thevagabond

Some of the responses here are pretty idiotic. One only "loses" their 401K if they cash out for less than they put in. That would be pretty hard to do and take a special kind of stupid. Anyone who doesn't at least match the company match is another kind of special stupid. The market historic rise is averaged out over what's known as "The American Century." It probably won't do as well this century but on the other hand it's silly to think there won't be positive returns either. I'll buy you guys a cup of coffee in thirty years when I see you st Starbucks.

Originally Posted by aperfcrcle

Because, according to you, they have a flow right? How is attrition good there? you have 7-8 year FO's and 4 out of 19 people getting the job from the SSP..

Originally Posted by PapaMike

I really don't want to humor your post but wow, that's some awful math.

5 years at only first year pay since that's how you wanted to go...

9E: $204,000
RAH: 187,000

This only includes 3 years worth of the $23,000.

Factoring in year over year step increases, 3 years to upgrade:

9E: $285,500
RAH: $257,700

Not that any of this is realistic since no one is going to make min guar for their 5 years.

Originally Posted by cf105

Yes, factoring only 3 years of $23K bonus, because that's still all that is offered right now, until 2018.

Factoring year over year increase (using the 900 pay rates at E9) and 3 years of bonuses (not factoring any upgrades, not guaranteed):

E9: $229,200
RAH: 201,000

$28,200 extra at E9 over 5 years

Originally Posted by nh2ri15

What is RAH's plans for their orders for 80 cs300's