Originally Posted by
ewrbasedpilot
What's sad though is that MANY of those who have lump sums at CAL are playing the "waiting game" because they are so damn greedy. A lot of them are so far in debt, have three ex wives, a boat, a Harley, and a girlfriend on the side. If they couldn't prepare for retirement in 35 years, then another 5 won't help them either. I'm TIRED of hearing that they can't live on a $700,000 lump sum at this stage in their lives. What the hell are they doing with all their money? I'd like to see an industry leading contract too. I hope to be gone by 58 at the latest and only have 5.5 years left make it happen. However, that DAMN age 65 rule REALLY did a number on me and I find myself making almost $2,000 a month LESS after being pushed back on reserve, thereby putting a damper on me paying off my property so I CAN leave early...............
I agree. My buddy at UPS says he heard the same thing during their negotiations. "I can't afford to retire until we get this contract." Then what happens? They still didn't retire because they couldn't afford to. He flew with a captain over 60 who had just bought a $70K car and bragged about it while at the same time saying he can't retire.
These guys never learn their lessons. They live beyond their means. I am not a financial genius, but I do feel I spend and invest wisely. Why is it on the **** wage I make as an FO I can save 30% of my gross pay each year and yet I don't live like a pauper or anything close to it?