JDean3204
Well-Known Member
I need to start my retirement savings. Told myself this year would be the year, a little behind and with my company’s joke of a retirement.. I’ll be running checklists until 65 for sure, if the health can hold up lol
Envoy Hiring
- Thread starter Dacuj
- Start date
I need to start my retirement savings. Told myself this year would be the year, a little behind and with my company’s joke of a retirement.. I’ll be running checklists until 65 for sure, if the health can hold up lol
Screaming_Emu
Joe Conventional
Increase the long haul stuff and you don’t need to worry about it as much. The wife doesn’t like the joke I make about the 401K being just for her.
Autothrust Blue
"Well, on the Brasilia..."
At least always put in as much as they'll match...you're just leaving hard-won compensation gains on the table if you don't do that much. And a little bit adds up to a lot, even if the paltry Mormon retirement has been completely blown away by this place's DCs.
Average age of a retiree is...ooh, uh, that's awkward.
JDean3204
Well-Known Member
Well I do my first Deep Pac freight run next month, 7 days of where are we? What time is it? Lol.
JordanD
Chinese Food Enthusiast
I hate how Schwab doesn’t take the company contributions into account for the retirement calculator. I was still getting the “lol you’re gonna be poor” flag because it wasn’t accounting for a huge amount of money.
JDean3204
Well-Known Member
Yup that is the plan. 6% is all I’m doing starting July. Only 32 years left to build on that lol
Autothrust Blue
"Well, on the Brasilia..."
Now that I'm PCRA/managed by someone else (yes, I'm one of THOSE people) I don't even think I get to see the "hey you're gonna be poor" thing.
Autothrust Blue
"Well, on the Brasilia..."
I can't remember what the (admittedly, pretty good for an RJ outfit) 401(k) was at old-job, but please tell me you didn't leave that money on the table. Assuming you were eligible for contributions, which I think you were after 90 days(?), but I've long since forgotten when pilot 401(k) eligibility was.
Screaming_Emu
Joe Conventional
Protip: They put your current address on the hotel phone
JDean3204
Well-Known Member
I did uh.. 1% over at Eskimo Lite
Pretty sure my Vanguard account couldn’t cover a clutch job on a car right now. Sad sad sad
JordanD
Chinese Food Enthusiast
Man, the absolute worst is having a dream or thinking you’re in bed at home and waking up and realizing you’re in a hotel somewhere.
JordanD
Chinese Food Enthusiast
Bruh.
Autothrust Blue
"Well, on the Brasilia..."
Duuuuude.
JDean3204
Well-Known Member
I know, not good. Never claimed to be smart :/
I didn’t even put that much aside at my first two gigs, granted at SeaPort it didn’t really matter since they didn’t match IIRC.
I recently googled what the average 33 y/o has contributed to retirement, about a years worth. Welp
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JordanD
Chinese Food Enthusiast
Eh, it's still something that's going to grow faster than just throwing money in a savings account, but at a place like that I kind of get it. I always at least maxed out the match when I was an FO, but I never was really able to save money until I upgraded.
Avalon781ML
Well-Known Member
Neither does mine but sadly it’s a true fact...
Maximilian_Jenius
Super User
12% DC
BobDDuck
Island Bus Driver
Any place that gives you > = 15% DC (and all of the majors/lcc carriers are going to be 15% or greater by the end of this upcoming bargaining cycle), and pays more than $250/hr is going to start running into 415c or 401a caps. Obviously people tend to expand their spending to keep up with their earnings, but anybody getting to the Big(ish) Show with at least 15 to 20 years to go, should be just fine.
Autothrust Blue
"Well, on the Brasilia..."
Greatest all-around player in the history of the Show!
CoffeeIcePapers
Well-Hung Member
Yeah, especially if you use things like HSA. I know a lot of guys who aren't maxing it out for some reason.
