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Well thats just great for you, wonder how you would of felt about the 65 rule when you were just getting started
What? Was that towards me? I am still 35, not that old..... I am not for raising the age. I am simply trying to figure out HOW to ENHANCE my lifestyle if i am stuck as an FO for another 5 years..
Amen, Fireman, Amen! The disrespect shown on threse boards is atrocious. Kind of sad to think what the selfish "youth" of this country think about those who came before them, and paved the way for them. Now it's all about "me, me, me" and to hell with everyone else...although not just in the aviation field. Just wanted to let you older guys know that some of us applaud and appreciate you.
No, what I tell my wife is, this rule is "designed to help those that were stupid enough to count on the airline pension as their only means of income after age 60." The geezers can fly till they drop as far as I'm concerned......just don't *^%$ will my chance to get out at 60.
There are a number of people (including some of my clients - I'm a licensed financial planner) who saved outside of the pension BUT there is no way to save enough to replace a 6 figure pension that goes away in or near retirement. By the way, those pensions were negotiated (which meant some pay or other benefits were exchanged in order to have a pension) so those pilots that lost pensions really can't recover from that termination.
By the way, do you currently save 50% or 60% of your income so you can have enough money set aside to retire on.
There are a number of people (including some of my clients - I'm a licensed financial planner) who saved outside of the pension BUT there is no way to save enough to replace a 6 figure pension that goes away in or near retirement. By the way, those pensions were negotiated (which meant some pay or other benefits were exchanged in order to have a pension) so those pilots that lost pensions really can't recover from that termination.
By the way, do you currently save 50% or 60% of your income so you can have enough money set aside to retire on.
So you are telling us because they could not financial plan that they have the right to screw up an industry?
If they were so financially irresponsible then five more years won't save them.
There are a number of people (including some of my clients - I'm a licensed financial planner) who saved outside of the pension BUT there is no way to save enough to replace a 6 figure pension that goes away in or near retirement. By the way, those pensions were negotiated (which meant some pay or other benefits were exchanged in order to have a pension) so those pilots that lost pensions really can't recover from that termination.
By the way, do you currently save 50% or 60% of your income so you can have enough money set aside to retire on.
50% to 60%? That is alot. I figure 16% company contribution on $120,000 salary for the next 22 years at 8% int. is 2.8M (PV 300K). And that is with no raise and no employee contribution. How much do you need?
This "geezer", and many others like me put our careers on the line back in 1985, along with many other battles, to make the career of professional airline pilots better than when we arrived. I'm damn proud of what we did, even with whatever mistakes we actually made in the process.
And age 65 is going to make it even better??
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Tell, Mr. Un-grateful, what have you done to better the piloting profession?
Almost the equivilant of what you have. The Pres. nixed the last major strike before I could get my shoes on.
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There are a number of people (including some of my clients - I'm a licensed financial planner) who saved outside of the pension BUT there is no way to save enough to replace a 6 figure pension that goes away in or near retirement
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Hooey. The first thing I'm hoping you tell your clients is to have no debt at retirement. Secondly, if you've had a full career at a major, with proper financial planning........no reason why you can't be close to that.
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By the way, those pensions were negotiated
Thank you! That's exactly why they shouldn't have been relied upon as the sole source of income.
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By the way, do you currently save 50% or 60% of your income so you can have enough money set aside to retire on.
Ummm no. I married well. Seriously, with the help of a financial planner I enlisted 18 years ago, my wife and I will retire at age 60 (56 for her) . Hopefully coaching little league and fishing with the grand kids.
Amen, Fireman, Amen! The disrespect shown on threse boards is atrocious. Kind of sad to think what the selfish "youth" of this country think about those who came before them, and paved the way for them. Now it's all about "me, me, me" and to hell with everyone else...although not just in the aviation field. Just wanted to let you older guys know that some of us applaud and appreciate you.
There's no disrespect, just calling it as I see it. I do RESPECT they guys and gals who plan on leaving at sixty anyway. They had their "ducks in a row" and I applaud that......and learned from that. It's not about me. At 60, me myself and I will relinquish the seat to the next guy coming up.
I edited a previous post to elimated the word "stupid".
Last edited by Daytripper : 02-02-2007 at 05:09 PM.
Amen, Fireman, Amen! The disrespect shown on threse boards is atrocious. Kind of sad to think what the selfish "youth" of this country think about those who came before them, and paved the way for them. Now it's all about "me, me, me" and to hell with everyone else...although not just in the aviation field. Just wanted to let you older guys know that some of us applaud and appreciate you.
So, what about the orginal "Me" generation. They benifited when the guys ahead of them left at age 60. Not to mention the fact that the can of worms that is going to be opened if this rule passes.
Lets see
Possible increased medical standards for the entire pilot group
Scheduling nightmare, having to pair an over 60 Capt with and under 60 f/o
Litigation that will be involved for the over 60 crowd that has already retired and now trying to get there senority # back
What? Was that towards me? I am still 35, not that old..... I am not for raising the age. I am simply trying to figure out HOW to ENHANCE my lifestyle if i am stuck as an FO for another 5 years..
AAflyer
I didtnt mean it in a a bad way I apoligize if it came out that way, sorry
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The geezers can fly till they drop as far as I'm concerned......just don't *^%$ will my chance to get out at 60.
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