Quote:
Originally Posted by gcap
I honestly understand the concerns of many who think the age 60 demise will be the end of their quick advancement in aviation. Nothing could be further from the truth. When I started my career, there were fewer than 1000 airliners in the skies of the USA. Now there are 5000 jets out there every day. the real advancement comes from growth, not the retirement of the older pilots.
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I agree, especially after seeing the projected retirement numbers for the next few years compared to projected hiring numbers.
Also, I realize that, at 32, I have a life expentency that is likely to be a good 5 or 10 years longer than guys retiring now.
Considering that social security is a goner, and we don't have the will to do anything about it, I need to plan for my own retirement. Right now my savings plan is built around being able to financially retire at 50. Might be a pipe dream, might actually happen.
The amount of required retirement savings for a guy retiring at 60 and will live to 90 is much different than a guy retiring at 65 and will live to 100 or more.
Although it may mean a few months or even a year or two before I get picked up by a major, and down the road a year or two more before I get to jump in the left seat, I welcome the opportunity to work to 65 should I choose or need to do so at that point in my life.
Again, I don't plan on needing to work at that point in my life, but I see the value in at least having the option to.