Airline Pilot Central Forums - Japanese Raise Retirement Age To 67

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The older i get, the OLDER i get.

And it pretty much sucks. :)

Quote:

Originally Posted by JamesBond (Post 2833129)

And then again, age 67 could give those that lost their retirement a little more time to make up the difference since many of the younger crowd doesn't give a flying **** about them and aren't willing to do anything to help them out in the upcoming negotiations.

But I agree that it ain't happening anyway so it's moot

So if we're considering the next contract, we're talking about people who would be turning 65 in CY 2020 through 2022 or 2023. How much shortage are we talking about? How much of that shortage did they already make up between 2015 and 2019, meaning what's the remaining shortfall? Figure average life expectancy is around 84 for anyone currently in their 60s.

Wher did u get that life expectancy age?

Im thinking the extra 5 years flying isnt gona help the cause much.

Quote:

Originally Posted by BobZ (Post 2833161)

The older i get, the OLDER i get.

And it pretty much sucks. :)

Agreed!.................................But it's better than the alternative!!!:)

Denny

Getting younger?

Yuk yuk.

Quote:

Originally Posted by BobZ (Post 2833169)

Wher did u get that life expectancy age?

Im thinking the extra 5 years flying isnt gona help the cause much.

Rudimentary calculator on social security website.

Quote:

Originally Posted by Denny Crane (Post 2833170)

Agreed!.................................But it's better than the alternative!!!:)

Denny

It’s better to be seen than viewed!

Quote:

Originally Posted by crewdawg (Post 2832722)

If you do nothing on the side and only receive W2 income from Delta, the likely reality is that retirement in your early/mid-50s may be tough to accomplish, especially if you have to spend a few more years in the right seat.

Says who?

Even a career legacy FO makes plenty of money. No statistics to back it up, but I’ll wager that a career FO is a top 10% earner in the country.

Sure, there are lots of variables. Kids, elderly parents, age hired at legacy, unexpected life events, health, etc. I get it. However, To say that it is tough for a Delta pilot to retire in their 50s is pure poppycock. I won’t go into pre-retirement savings or post-retirement life because there are plenty of opinions on those subjects. The overall underlying theme is 1)start putting away early and stay out of debt 2)live WELL below your means. Retiring in your mid 50s can be done with some planning.

Quote:

Originally Posted by duece12345 (Post 2833249)

This is the funniest part of the argument you are refuting. How can anyone say with a straight face that making $180,000-$250,000 as an FO PLUS 16% on top into a retirement account is not adequate money to retire on. If you upgrade to captain, it's fair to tack on an extra $100,000 a year.

What the poster was effectively saying is, "it's impossible to retire early if you're in the top 3-5% income earning."

Quote:

Originally Posted by dalad (Post 2833239)

It’s better to be seen than viewed!

“Always go to other people's funerals, otherwise they won't come to yours.” :D

—Yogi Berra