Don't forget about IRMAA. It can add another $300-400/month to your Medicare. Most of friends who have tricare are aiming for only around $150k RHAs.

 

Another thing I never hear people talk about is the cost of Tricare Retired Reserve for those of us who will wind up with a Guard/Reserve retirement. Even ignoring deductibles, copays, etc. and just looking at the premiums alone, that cost is $1406 per month today assuming you're not solo (spouse, kids, whatever). For someone who's 35 today, if we assume that those premium costs rise at a mere 2% per year, you're looking at a cost of $2547 per month (a little over $30k per year) just in premiums when you're 65. If you live a decade or two or three beyond that, you're potentially looking at many hundreds of thousands of dollars in healthcare costs even before anything bad actually happens to you.

RHA funds go in tax-free, grow tax-free in a target date fund that actually yields a decent return over time, and are tax-free when used. The R&I folks consistently say that they've never heard a retiring pilot say "man, I wish I had less money in my RHA." Do with that info what you will.

 

For 2024 150,000 with Tricare and 300,000 without per Fidelity

 

senior people voting only for their self interest. Sums it up.

 

as opposed to junior people or anyone else for that matter to vote in their own self interest?

 

Is anyone surprised? Just at the absolute S-show over in the Delta forum about the age 67 thing again. Most of these senior guys only care about themselves, full stop.

See, I max the employee contribution so it doesn't really affect me too much. That being said, I can empathize with those who can't or don't for whatever reason, and this LOA is bad for them. So I voted NO because I think that this is a bad deal for quite a few of the group, and I don't mind waiting until it's beneficial to everyone here, not just the 59.5+.

 

Voted no as well.

like the prap as is and need the health account spill. Very nice contract as is.

 

Learn to read.

I've spent my career voting for 'community interests'. Seems the community has grown accustomed to this.

 

FFS, if a pilot can't max the employee contribution under this contract I don't know how to help them. Maybe we can set up a gofundme?

 

OK, then let's go with ME ME ME. It's more accurate, thanks for pointing it out.

My vote began as a NO until i read, watched, and listened to all of the info provided by the MEC and discussed on various SM sites.

Youre HOPING the IRS approves a better plan structure right? Do you know what will be approved? You casually throw out the phrase "implemented correctly" as if you get to choose what "correctly" entails. Of course you are cool with passing up the opportunity for 1-2 years of CBP contributions vs PRAP cash if you don't have that spill anyway...

FWIW, I'm not 59 or older. I'm not even 58 yet.