[QUOTE=roadrunner65;2229436]
--Retirement for anyone over 40, woefully inadequate
/QUOTE]
New guy here, so please educate me (read: I know this is a touchy subject for those that lost everything, and I respect that more than you know, but I would like to understand a little more).
What would it take to make retirement adequate? 16% in your OWN 401K that can't be touched by anyone other than you is embarrassingly good imho. When compared with every other private industry, this is unheard of as far as I can tell. The most I've heard from my wife and friends is up to 5% matching...
For the average $200k/yr pilot, $32k is pretty legit to stash away. Combine that with personal savings and PS, and even guys on 1st and 2nd yr pay are hitting our $53k/yr limit.
How much is required to make you a yes voter? A DB will never return--you old guys have taught us newbies that since day one. We learned from the past and want our finically security to be controlled by us.
Please answer--and educate. Not trying to start a flame war, but I'm still new and have blinders on. I'm still Danny Delta! I feel pretty amazed that my employer will go WAY above other professions in their 401k contributions. Thanks!
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