RTD Guy's let's hear how life is

[Oldfart]

Those are good tools bit they make too many unrealistic assumptions.

How so, they only give you answers based on the numbers you input. They assume nothing.

You expect 3% return and take out $1000 a month, it tells you how long 100k will last. If you put in unrealistic %'s, it will give you unrealistic assumptions. The numbers it gives you are ONLY as realistic as the numbers you insert.


These sites do nothing a simple calculator wouldn't do but much quicker. You might not have entered some figures correctly if the answers looked inflated.

 

[IVE GOTTA PACKAGE 4U]

How so, they only give you answers based on the numbers you input. They assume nothing.

You expect 3% return and take out $1000 a month, it tells you how long 100k will last. If you put in unrealistic %'s, it will give you unrealistic assumptions. The numbers it gives you are ONLY as realistic as the numbers you insert.


These sites do nothing a simple calculator wouldn't do but much quicker. You might not have entered some figures correctly if the answers looked inflated.

It doesn't account for Black Swann events. That's the wildcard
If you retire in an up market those numbers are more accurate but if you have the misfortune of retirore on a few years of a down market, it's a completely different story.

 

[Oldfart]

It doesn't account for Black Swann events. That's the wildcard
If you retire in an up market those numbers are more accurate but if you have the misfortune of retirore on a few years of a down market, it's a completely different story.

Once again. You input the numbers. All the website does is base its calculations on the numbers and % you put in. I guess you have never read the disclaimer Schwab or Vanguard give you. FUTURE earnings are not guaranteed. There are no guarantees on any investments. All you can do is base your calculations on past performance and a conservative estimate for future earnings.

 

[Csdsm18]

Well I finally signed up for access to see your 401k and pension funds. Something doesn't seem right though, it's saying if I contribute x amount more monthly I would retire with 5000 monthly and that's just from my 401k. That doesn't seem right at all. To me that's a hefty amount.

 

[Nolimitz]

X= what? over how many years till you retire? Maybe you should see a planner rather than asking a bunch of truck drivers on the internet...

 

[Csdsm18]

X= what? over how many years till you retire? Maybe you should see a planner rather than asking a bunch of truck drivers on the internet...

$73 more also have supposedly 33 more years to retire. Doesn't hurt to ask.

 

[Csdsm18]

Hmm have the ability to put in for a route that gets about 6hrs OT a week thing is it's Sun-Thurs overnights. I now am I overnight float. Trying to get a earlier start, but God knows how much longer that'll take. Thinking about taking it idk yet. Any thoughts?

 

[Route 66]

Any thoughts?

Yes

 

[Fred's Myth]

Yes

Constantly.

 

[dezguy]

Occasionally.

 

[Fred's Myth]

Occasionally.

Fulltime vs. Parttime.
Perspective changes.

 

[Csdsm18]

Fulltime vs. Parttime.
Perspective changes.

It's a full time route. I'm FT now as well. Just was trying to get opinions that's all. Thanks

 

[zeev]

Nights are an acquired taste many people love them and ot hours are easy to accumulate on rtd runs or your day off.

 

[Fred's Myth]

How so, they only give you answers based on the numbers you input. They assume nothing.

You expect 3% return and take out $1000 a month, it tells you how long 100k will last. If you put in unrealistic %'s, it will give you unrealistic assumptions. The numbers it gives you are ONLY as realistic as the numbers you insert.


These sites do nothing a simple calculator wouldn't do but much quicker. You might not have entered some figures correctly if the answers looked inflated.

Actually, if you read the fine print, in calculating your income (for 401k calculations) they assume a 45 hour work week.

 

[Oldfart]

Actually, if you read the fine print, in calculating your income (for 401k calculations) they assume a 45 hour work week.

Retirement Calculator | Edward Jones

Savings Withdrawal Calculator

Really?

These are the calculators I posted earlier. Where is 45 hours even mentioned in either of those. Where exactly is this fine print you mentioned?

I thought only the Fedex Pension website assumed 45 hours, not Bankrate or Edward Jones.

 

[Csdsm18]

My station just had 4 people jump ship to either ups or fedex freight. Think express needs to do something or else they are gonna keep losing drivers.

 

[overflowed]

My station just had 4 people jump ship to either ups or fedex freight. Think express needs to do something or else they are gonna keep losing drivers.

What does that tell you?

 

[McFeely]

My station just had 4 people jump ship to either ups or fedex freight. Think express needs to do something or else they are gonna keep losing drivers.

We're at one of the highest turnover rates I've ever seen at my current station. Something like 30% (or more) since peak of 2017. The payscale isn't convincing enough to deal with bad management.

 

[Csdsm18]

What does that tell you?

Run for the hills lol, na but looking into other companies once I get at least a year of experience under my belt.

 

[vantexan]

We're at one of the highest turnover rates I've ever seen at my current station. Something like 30% (or more) since peak of 2017. The payscale isn't convincing enough to deal with bad management.

If I could snag a sweet domiciled route with that new payscale I'd be happy. Working with a bunch of angry people in a large city at my age, no way.