Japanese Raise Retirement Age To 67
06-06-2019, 07:23 PM
#52
Gets Weekends Off
Joined APC: Sep 2014
Posts: 4,909
Originally Posted by JamesBond
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
But I agree that it ain't happening anyway so it's moot
06-07-2019, 04:33 AM
#58
Gets Weekends Off
Joined APC: May 2010
Posts: 327
Originally Posted by crewdawg
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.
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.
06-07-2019, 05:58 AM
#59
Banned
Joined APC: Dec 2018
Posts: 648
Originally Posted by duece12345
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.
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.
What the poster was effectively saying is, "it's impossible to retire early if you're in the top 3-5% income earning."
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