Implications of S.65

[N1kawotg]

Cyclone- PT is correct without assuming compounding interest as you said. Which may or may not be depending where the stock market is. Also, the senior guys at SWA already max out pay scales and vacations and most still have a ton of sick leave on the books- why cause their productive. So over night these guys will say " No more working for me". No way, they could've been doing this already. As previously mentioned SWA hires for growth.

Flog- what about co. that haven't furloughed?

 

[TCAS]

pt

if your upgrade is delayed a year and a half...that costs you ~$100,000 in up-front money for the years you wait to upgrade (salary, 401k, and profit sharing...that is conservative)...if you invested that money...and at ~ 8% growth that would be $800,000 in 20 years...if you're 40 that means $800,000 when you turn 60. if you are in favor of working until 65...you'll have to...just to get the money back that you lost when you didn't upgrade. the old farts have you fooled on this one.

You are incorrect... given a principal of $100,000 compounded on a daily basis at 8% over 20 years results in $495,316 not $800,000.

 

[CoATP]

Yes and another 5 years at ($140,000 or more) is $700,000. SO you are about $200k ahead of the Age 60 rule.

 

[N1kawotg]

COATP- I no longer care what happens to this rule. Pleas just tell me where your avatar came from

 

[CoATP]

personal camera. Suibject from planet Krypton. She's super

 

[Falconjet]

Man what a canvas!