Originally Posted by Ranger
This is by far the best post that I've read on any of the age 60 threads on this forum. My wife and I have spent the past 30 years geared for an age 60 retirement for me. I just don't want the rules changed with less than 5 years to go. Grand-father those of us who were smart enough not to rely on our airlines for 100% of our retirement.
Ranger....you hit the nail on the head. Save your money like your parents taught you. If you save 20% of what you make from age 30 on as major airline pilot, you will retire with as much as you need. We are pilots gentlemen, not Sam Walton's sons. You can't AFFORD the 750,000 dollar home and the 2 brand new Mercedes Benz's. You may be able to purchase in that manner but that is not good planning. I suggest a website for all of you. It's called
www.noloadfundx.com My father in law (eye surgeon) now lives off investment income only. He has used this system for 20 years. It is based on buying no load mutual funds based on their moving averages. For you novices, that means they are rated on how much they are moving up or down and putting a value to that. Nobody's opinion of the fund, no guessing, no brains. I have used it for the past 5 years. I will retire at 55 by current plans. Good luck, be smart and don't count on the government or any god damn company to take care of you or your family when you are old. The only thing worse than being old is being old and poor.