Originally Posted by
Halon1211
do some “major” FA really make $120K/year??
Most definitely, if they choose to work hard.
In addition, many of the more senior ones are collecting Social Security, defined benefit retirement plan income (paid by PBGC), and IRA (if any) RMDs. Note: 401(k) RMDs are not required while still working, but 401(k) income may be taken without penalty at the age of our senior F/As.
Joe