Originally Posted by DryClutch (Post 3832892)

Just curious, you think it's not a realistic option because of the current real estate market? Which I completely understand, i've got a buddy at an ACMI, 76 CA who can't afford to get into a home in ATL. We built our house new 11 years ago for $500K'ish, it would now sell for $1.3M on our street. And it's nothing insane, relatively standard 4/3 around 3,000 sq ft on a 1/3 of an acre. And people are still buying these places 2 days after going on the market, for over asking. Young couples too, I don't know where they get this money from.

Originally Posted by rickair7777 (Post 3832916)

I'll emphasize this. You can just go head down, nose to the grindstone and blindly accumulate savings and wealth when you're young.

But approaching age 50 (maybe sooner if you hit max contribution limits) you'll definitely want a professional to look at your situation holistically. Fee only, not somebody with a financial product to sell, and they need to be local in your state to address your specific tax situation.

The point of this, now that you have wealth, is to ensure that you don't waste any wealth or opportunity by mismanaging investments, taxes, social security, etc. For example you may need to reduce 401k savings late in your career, to avoid excess RMD's and associated tax in retirement.

Originally Posted by rickair7777 (Post 3832917)

Day trips generally go senior, often very senior. Nice if you live close, like them, and can hold them.

But not really a valid proposition for most pilots to tell them "just fly turns".

If the question is "how do I spend more time at home after my wife retires at age 60?", then turns might be the answer.

Originally Posted by ThumbsUp (Post 3832978)

Not to mention the products that you have available to you. Generally, qualified purchasers/accredited investors have far better options available to them that they are not able to purchase through retail brokerages directly, like hedge funds, etc. While you might pay someone to access these investments, the trade off in gains/tax-efficiency outweighs those fees.

Originally Posted by sailingfun (Post 3833378)

You don't have to be senior at a major airline to fly turns. You need to be senior in your category. The last few years that has taken place quickly.

Originally Posted by ClncClarence (Post 3833465)

I’d argue you don’t even need to be senior in your category, you just need to know how to use the system.

I’m 80% in my seat and I could fly only day turns Mon-Fri every month if I wanted.

Originally Posted by DryClutch (Post 3833504)

I'm honestly curious, since 80% isn't really that senior, what sort of system manipulation are you doing to only get day turns during the week? I'm not sure i've ever seen a junior'ish guy with only day turns on their sked

Originally Posted by NoDeskJob (Post 3833545)

if I had to guess he is NYC based at a Legacy, or works for Allegiant.

There are a lot of commuters into NYC, so at DL the day turns go more junior than at other bases

Originally Posted by DryClutch (Post 3833504)

I'm honestly curious, since 80% isn't really that senior, what sort of system manipulation are you doing to only get day turns during the week? I'm not sure i've ever seen a junior'ish guy with only day turns on their sked

Originally Posted by AF OneWire (Post 3833387)

Hedge funds almost always underperform index funds, and are less tax efficient. The only people who have any investing advantage are the spouses of Congressmen.

As a pilot at a major airline you have outstanding retirement vehicles. If you haven’t saved enough for retirement it’s a you (spending) problem.