Getting Out of the Little Jet World
08-29-2022, 07:11 PM
#11
Line Holder
Joined APC: Aug 2021
Posts: 71
Originally Posted by rickair7777
There's always something looming. The chicken littles have been calling for the "7 year" recession since 2015. If it's actually here now, it's seven years late 
Unless unemployment would be catastrophic for your family finances (or retirement planning if 50+), I wouldn't delay a career move based on "what ifs". There's still a shortage of workers in almost every field, even if you lose a pilot job.
Unless unemployment would be catastrophic for your family finances (or retirement planning if 50+), I wouldn't delay a career move based on "what ifs". There's still a shortage of workers in almost every field, even if you lose a pilot job.
08-29-2022, 08:01 PM
#12
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,273
Originally Posted by widebodywannabe
Absolutely makes sense. Since you probably have 10x the experience in this industry that I do, would you advise someone to trade part 135 Jet PIC for a seniority number at an LCC? 121 career is the goal and retiring flying a NB would be perfectly fine, despite what my username states.
Yes. I played things conservative, if I'd been more aggressive I'd be better off today, even if I had been furloughed at some point. I'm still just fine financially, did some other stuff on the side but I could have made more money, more easily with a more aggressive approach to the airlines.
Unless you're close to age 65 and the retirement's not funded. Even then, personally I'd still probably take the chance, worst case you do 91/135 past 65.
Or if you're sole breadwinner with sick or special needs family member.
08-29-2022, 09:30 PM
#13
Line Holder
Joined APC: Aug 2021
Posts: 71
Originally Posted by rickair7777
Yes. I played things conservative, if I'd been more aggressive I'd be better off today, even if I had been furloughed at some point. I'm still just fine financially, did some other stuff on the side but I could have made more money, more easily with a more aggressive approach to the airlines.
Unless you're close to age 65 and the retirement's not funded. Even then, personally I'd still probably take the chance, worst case you do 91/135 past 65.
Or if you're sole breadwinner with sick or special needs family member.
Unless you're close to age 65 and the retirement's not funded. Even then, personally I'd still probably take the chance, worst case you do 91/135 past 65.
Or if you're sole breadwinner with sick or special needs family member.
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