Originally Posted by
rickair7777
If you look into all the math and strategy regarding retirement, two years could make all the difference, especially at major airline pay.
There are other factors, but the biggies are...
1. Two years additional savings.
2. Two FEWER years in which you need to tap your investments.
3. Delay taking SS two years from when it would otherwise be prudent.
So two years roughly = four years, plus SS impact.
Anyway you can look into the math and see for youself. I'd recommend anybody much over age 35 do that... you might find you can bang out much earlier than you thought (especially at our income levels).
How long have you had a retirement account. Unless you bought individual stocks you should be well padded for retirement at 65 if you have been contributing 20+ years. If you havent been saving an extra two more years will not fix a career of not saving. Also no one says you have to take SS at 65, you can delay. Don't buy planes, boats, vacation homes, corvettes and other things pilots think they deserve but can't afford.
The financial decisions of a few should not dictate the future and livlihoods of thousands. ESPECIALLY with the potential for a significant number of pilots becoming unemployed. That is a nighmare scenario for anyone looking for a job, to create ZERO retirments for two years.