Thread: Retirement
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Old 11-08-2006, 05:32 AM
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Velocipede
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Joined APC: Mar 2005
Position: 737NG CA
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Great Frontline. Every pilot needs to watch it. The important thing to understand is that the shift away from traditional pensions is universal in America today. Those opposed to changing the Age 60 rule because they still have a pension are whistling in the dark.

Companies have discovered that ending/freezing pensions is a windfall gain to the bottom line. Senior managers are not interested in your welfare. They're interested in "enhancing stockholder (them) value."

If you're not socking 15-18% into you're 401k AND getting a good return, you're falling behind.
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