Spirit of NKS
11-13-2014 | 11:14 AM
#8761
Line Holder
Joined: Dec 2013
Posts: 29
Likes: 0
I think with the right connections, a civilian background can also get hired with 3000TT+. There was at least one in the class before me that I know of. But you have to be very well connected and not need the benefits of the job fair.
11-13-2014 | 04:42 PM
#8762
Banned
Joined: Jan 2006
Posts: 6,929
Likes: 0
From: A-320
No one consistently beats the market. If they do, any gain is eaten in fees. This true in any actively managed fund in any retirement account. Buy a stock index fund, a bond index fund, and a cash fund. Balance your money in each based on where you are in age. Retirement made easy. Good luck
perfect for lazy people like me that don't have the desire,energy, skill to individually pick stocks
11-13-2014 | 05:17 PM
#8763
Gets Weekends Off
Joined: Jun 2005
Posts: 1,125
Likes: 0
From: Under the Frog
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
11-13-2014 | 05:21 PM
#8764
Thread Starter
Banned
Joined: Oct 2008
Posts: 1,857
Likes: 0
Man! I wish we had a committee to help up maximize our 401k...Schwab can really tell you what to do. Or leave it to 20xx and forget it.
11-13-2014 | 05:32 PM
#8765
Gets Weekends Off
Joined: Jun 2005
Posts: 1,125
Likes: 0
From: Under the Frog
If you can figure out how to operate Fifi's box, you can figure out how to build your portfolio for way way cheaper.
While the difference between a "20XX" fund expense ratio of 1.05% vs an ultra low cost portfolio you can build yourself for about .15% May seem insignificant, over time with large balances the difference really adds up.
Like $50k or more.
I don't know about you, but spending a minimal amount of time reading up on the topic in exchange for $50k or more seems like a good deal...
While the difference between a "20XX" fund expense ratio of 1.05% vs an ultra low cost portfolio you can build yourself for about .15% May seem insignificant, over time with large balances the difference really adds up.
Like $50k or more.
I don't know about you, but spending a minimal amount of time reading up on the topic in exchange for $50k or more seems like a good deal...
11-13-2014 | 07:05 PM
#8766
Gets Weekends Off
Joined: Oct 2010
Posts: 4,603
Likes: 0
Great approach, just make sure you have some exposure in (at a minimum) bonds and international.
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
Believe it or not, Schwab has an equivalent Total Stock Market fund, for even less of an expense ratio than the VTSMX.
Equity Index Funds: Schwab Brokerage: Index Funds
Check out SWTSX. (.09%) ER.
Max out your 401k, take full advantage of the company match, and really watch your retirement account grow. You can only put $5500 into your Vanguard IRA- you can dump $17.5k annually into your 401k. With the match, on 4th or 5th year pay, you can conceivably double that to $35k a year... You can even keep the same strategy you're using over at Vanguard!
Also I'm sure you know that the united, American, and delta narrow body captains are getting about $35k JUST FROM THE COMPANY without a match. That means while we are putting $17.5 into our 401k to get a match they are able to take their $17.5k to fund an IRA, invest in real estate, start a side business, blow on strippers etc.
Let's not even talk about the nearly two months pay they will be getting in profit sharing for this year. Not AA though.
Joey meatballs evil legacy twin is buying an M6 not a girl car like a Z4
11-13-2014 | 07:38 PM
#8767
ULTP-Ultra Low Tier Pilot
Joined: Dec 2007
Posts: 3,228
Likes: 0
Also I'm sure you know that the united, American, and delta narrow body captains are getting about $35k JUST FROM THE COMPANY without a match. That means while we are putting $17.5 into our 401k to get a match they are able to take their $17.5k to fund an IRA, invest in real estate, start a side business, blow on strippers etc.
Let's not even talk about the nearly two months pay they will be getting in profit sharing for this year. Not AA though.
Joey meatballs evil legacy twin is buying an M6 not a girl car like a Z4
I agree with you. Glad to hear it when guys not only know we are behind, but actually know just how far behind we are.
11-13-2014 | 08:12 PM
#8768
Banned
Joined: Jan 2006
Posts: 6,929
Likes: 0
From: A-320
Pretty sure the vanguard fund he's talking is through the Schwab 401k plan.
Also I'm sure you know that the united, American, and delta narrow body captains are getting about $35k JUST FROM THE COMPANY without a match. That means while we are putting $17.5 into our 401k to get a match they are able to take their $17.5k to fund an IRA, invest in real estate, start a side business, blow on strippers etc.
Let's not even talk about the nearly two months pay they will be getting in profit sharing for this year. Not AA though.
Joey meatballs evil legacy twin is buying an M6 not a girl car like a Z4
Also I'm sure you know that the united, American, and delta narrow body captains are getting about $35k JUST FROM THE COMPANY without a match. That means while we are putting $17.5 into our 401k to get a match they are able to take their $17.5k to fund an IRA, invest in real estate, start a side business, blow on strippers etc.
Let's not even talk about the nearly two months pay they will be getting in profit sharing for this year. Not AA though.
Joey meatballs evil legacy twin is buying an M6 not a girl car like a Z4
And it's an M4, not a Z4! It's on order and scheduled to be here in January
Boom!!!(But yes, legacy guys are rolling in M6 grand Coupes and 991 GT3s
11-14-2014 | 03:52 AM
#8769
Gets Weekends Off
Joined: Dec 2009
Posts: 2,385
Likes: 0
From: Airplane
Friends don't let friends buy BMWs! Porsche: There is no substitute.
*seriously, you better post some pics when it arrives!
*seriously, you better post some pics when it arrives!
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