FedEx Pilot Life Expectancy
#51
Gets Weekends Off
Joined APC: Jan 2018
Posts: 103
What about inflation? That check isn’t the same 20-30 years down the road assuming you retire today. Imagine when you retire in 20 - 30 years and then 20-30 more years to live on that check.
#54
To have the same purchasing power as 130,000 today that it did in 1996, we’d need to be getting 210,000 now.
I’d agree our 130,000 needs to be drastically upped (image a 30 year old kid hired today, he’s going to retire in 2048!), i’d still rather have 130,000 per year to supplement my social security and 401K rather than no fixed income. It’s basically supposed to be beer and food money at that point.
#55
Skypine27 - "i’d still rather have 130,000 per year to supplement my social security and 401K rather than no fixed income."
Skypine, I agree with you, but honestly, for those of us that are more than 5-10 years away from Social Security retirement age, I'm not sure we can count on getting a full SS check. With the coming SS crisis, I would be willing to bet that Congress will be forced to either drastically raise the SS taxes (not likely), or go to a means testing for beneficiaries.
Retired folks with income over a certain amount ($100K?) will see a greatly reduced SS monthly check, or even no check of at all. Between the A Fund, B Fund, and Military Reserve retirement giving me a $200K plus/year income, I'm certainly not counting on ever seeing a SS check show up in my banking account.
Skypine, I agree with you, but honestly, for those of us that are more than 5-10 years away from Social Security retirement age, I'm not sure we can count on getting a full SS check. With the coming SS crisis, I would be willing to bet that Congress will be forced to either drastically raise the SS taxes (not likely), or go to a means testing for beneficiaries.
Retired folks with income over a certain amount ($100K?) will see a greatly reduced SS monthly check, or even no check of at all. Between the A Fund, B Fund, and Military Reserve retirement giving me a $200K plus/year income, I'm certainly not counting on ever seeing a SS check show up in my banking account.
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