JCBA Negotiations and updates for AA Fleet

[WeAAsles]

He has done much for a lot of people and everyone who has taken retirement advice from his was very happy. He is from a union family and is very knowledgeable. No offense but I will always believe someone with a track record like Mark's before another TWU member. He has done this a long time and is good at it.

I'm not putting down his desire and maybe even accomplishments at assisting people in need. But that still doesn't negate the fact that I can't find any legitimate Educational credentials?

I've also helped out quite a few people over the years with their finances. (But I always add the disclaimer that I'm not a qualified professional)

Basically if my advice didn't work out for them, don't hold it against me.

 

[anotherdelay]

http://johncbogle.com/wordpress/books-2
Look pensions were fine, when there was a margin of safety, in many different ways . Even when there was a margin of safety, and the biggest margin being more workers than retirees, I won't go into duration risk and interest rates in general, but the bogle way for investing and 1- your age/risk tolerance still wins. And if interest rates were more in balance the 1- age works even better, than pensions. of course over history. I get your above points, but Bogle has made retirement investing for the average person, rather than pensions and maybe even ss, in a variety of ways.

 

[anotherdelay]

better.

 

[WeAAsles]

http://johncbogle.com/wordpress/books-2
Look pensions were fine, when there was a margin of safety, in many different ways . Even when there was a margin of safety, and the biggest margin being more workers than retirees, I won't go into duration risk and interest rates in general, but the bogle way for investing and 1- your age/risk tolerance still wins. And if interest rates were more in balance the 1- age works even better, than pensions. of course over history. I get your above points, but Bogle has made retirement investing for the average person, rather than pensions and maybe even ss, in a variety of ways.

Well again if he is your personal Guru I hope he works out very well for you. Personally through much trial and error I think I've learned to have a pretty good bead on handling my own finanaces myself (And no I don't listen to that screwball Jim Cramer either)

If I make any mistakes I'll thankfully have no one else to blame but myself for not doing a good enough job on my Homework.

Good luck sitting on your two legged stool though. For me I prefer 5 just in case one breaks I might not fall on my ass.

 

[anotherdelay]

guess prez won't answer what the expected rate of return for the iampf to say solvent is? so much for selling the pension.

 

[anotherdelay]

Well again if he is your personal Guru I hope he works out very well for you. Personally through much trial and error I think I've learned to have a pretty good bead on handling my own finanaces myself (And no I don't listen to that screwball Jim Cramer either)

If I make any mistakes I'll thankfully have no one else to blame but myself for not doing a good enough job on my Homework.

Good luck sitting on your two legged stool though. For me I prefer 5 just in case one breaks I might not fall on my ass.

you make no sense again. do you know who John bogle is, and why he's everyone's guru now? and it's mainly about expense ratio's, to help smooth out the returns and not pie in the sky rate's of return, while most pensions are dependent upon more members, since the expense ratio along with low interest rates have rocked them.

 

[WeAAsles]

guess prez won't answer what the expected rate of return for the iampf to say solvent is? so much for selling the pension.

The IAMPF besides its rate of return absolutely needs to continue to add new younger members into the plan to take in more than its obligations are to pay out.

Now one scam the markets and Politicians have been trying to sell people on is that Americans are living longer. There is actually no factual data to support that claim and the average male life expectancy is still 74. Besides the fact in the industries that the IAMPF is a part of my guess would be (Blue Collar) the life span is a little shorter? Something to consider.

Oh BTW how many average Americans do you think were spooked out of the Market back in 08 and Wall Street pros made a killing on their fear?

My guess is that you believe they're not going to run that game plan again huh? That's why I advise people never to panic on their 401k. Stay the course and don't monitor the thing day by day. Don't chase the tail of the dog cause he never catches it and it also looks very silly.

 

[WeAAsles]

you make no sense again. do you know who John bogle is, and why he's everyone's guru now? and it's mainly about expense ratio's, to help smooth out the returns and not pie in the sky rate's of return, while most pensions are dependent upon more members, since the expense ratio along with low interest rates have rocked them.

I apologize for insulting you but I don't care who he is. Never needed a Guru or Life Coach besides my dear old Mammy.

I also don't care what bobble heads on CNN, FOX or MSNBC have to say either. Not interested in being herded with all the sheep.

 

[anotherdelay]

not insulting me at all, I understand most people probably don't know whom he is, but he's every bit as important for retirement now in the 21st century and beyond, as ss and pensions were for the 20th century.

 

[WeAAsles]

not insulting me at all, I understand most people probably don't know whom he is, but he's every bit as important for retirement now in the 21st century and beyond, as ss and pensions were for the 20th century.

He is? Wow!!!! Does he wear a robe and sandals too and walk on water?

Hallelujah, Hallelujah. Praise be he hath returned.

 

[WeAAsles]

not insulting me at all, I understand most people probably don't know whom he is, but he's every bit as important for retirement now in the 21st century and beyond, as ss and pensions were for the 20th century.

Isn't this dude the founder of Vanguard?

https://www.consumeraffairs.com/automated-investment-services/vanguard.html

https://www.appletreewealthmanagement.com/general/why-vanguard-sucks/

 

[WeAAsles]

As of February 2017, Bogle has a net worth of $80 million USD according to Business Insider.[11][12][13]During his high-earning years at Vanguard he regularly gave half his salary to charity, including Blair Academy and Princeton.(NYT)

https://en.m.wikipedia.org/wiki/John_C._Bogle

 

[WeAAsles]

Warren Buffett is worth almost 80 BILLION!!!

I'd rather listen to the Oracle of Omaha myself if I was going to listen to anyone.

 

[WeAAsles]

Ok I got you now anotherdelay. You want us to invest back into American Airlines don't you? Look at who the largest institutional shareholder of AA is. Yep you guessed it, the Vanguard Group.

Doug is that you?

http://www.investopedia.com/articles/insights/052616/top-3-american-airlines-shareholders-aal.asp

 

[P. REZ]

http://johncbogle.com/wordpress/books-2
Look pensions were fine, when there was a margin of safety, in many different ways . Even when there was a margin of safety, and the biggest margin being more workers than retirees, I won't go into duration risk and interest rates in general, but the bogle way for investing and 1- your age/risk tolerance still wins. And if interest rates were more in balance the 1- age works even better, than pensions. of course over history. I get your above points, but Bogle has made retirement investing for the average person, rather than pensions and maybe even ss, in a variety of ways.

Let me give you a scenario:

Assumptions
Employee A is topped out and earns $100000 per year.
Employee gets to keep 5.5% match on his 401k.
He has zero in his 401k today.
He will retire 10 years after CBA is reached.
He will start investing then after CBA reached.
He puts 5.5% in 401k and gets 5.5% match instead of pension.
In 10 years at 7% average returns he would have $160,000
At retirement he could take out $9600 per year for 25 years
After 25 years employee is out of 401k savings.

Employee B is topped out and earns $100000 per year.
Employee gets to keep current pension and invests 5.5% into 401k.
He has zero in his 401k today.
He will retire 10 years after CBA is reached.
He will start investing then after CBA reached.
He puts 5.5% in 401k, does not get match, doesn't get increase to pension.
In 10 years at 7% average returns he would have $75000
At retirement he could take out $4500 plus $5808 per year for 25 years
That's $10308 for 25 years.
After 25 years employee is out of 401k savings.
Employee gets $5808 per year until he dies.

P. Rez