401K options at your airline

[RedDogC130]

Here at SWA we have 2 options: mutual funds/target date fund options or the option to have some of our money in a self-directed plan where we can buy anything from ETFs to individual stocks.

What options do you have at your airline?

What newsletter/subscription services are you signed up for?

Thanks

 

[boomlrd]

Same thing at Spirit

 

[RedDogC130]

boomlrd....sent you a PM.

 

[SIG600]

RD, highly recommend reading "Millionaire Teacher." It's served me well. Can recommend more too.

 

[ArcadiaMaxima]

www.eztracker.com www.401kmaximizer.com or www.flightleveltiming.com the first 2 have had terrible performance and lost me and others money. Flight level seems promising

 

[Cometman]

Max, good info. Took a look at the Flight Level site info and stats and will jump on it for a few months and see how it performs. Looks like a bargain.

 

[waveflyer]

I have set my 401k at recommended retirement age packages and have outperformed every one of my friends who "worked" theirs daily.
From "Millionaire next door", 'the vast majority of millionaires in america have less than 30% tied in the market'
Better to invest in what you actually control, and none of us can predict or control the market in any way-

 

[DesertDuck]

Why are their investment timing services specifically geared for pilots?

1) You probably make a nice income
2) You think you deserve special or exclusive...
3) You are a control freak.
4) Fear rules your financial emotions

The investment newsletters/services mentioned earlier are designed explicitly to exploit the statements above.

 

[LearLove]

Start early (age 25) and put 10-15 percent into your 401. Diversify and lean towards aggressive when your young shifting to more stability in your late 40's until it's time to pull the chalks on your career.

Other than that it's all just legalized gambling.

 

[Smarta$$]

Why are their investment timing services specifically geared for pilots?

1) You probably make a nice income
2) You think you deserve special or exclusive...
3) You are a control freak.
4) Fear rules your financial emotions

The investment newsletters/services mentioned earlier are designed explicitly to exploit the statements above.

I agree. And most of this applies to more than just investment decisions...