Making the jump and the finances
05-04-2019 | 09:18 AM
#1
Thread Starter
On Reserve
Joined: Jan 2018
Posts: 15
Likes: 0
Making the jump and the finances
Hi,
I have been out of flying for years and have just been offered to start as FO with a Regional. Are there any advisors or career consolers for pilots that can help guide through the transition? I am leaving a 6 figure income in the hopes I can get back to that in a few years. I have been planning this for a bit but the initial jump is daunting. Can really use someone with sound advice. Has anyone else made the jump back in in their mid 50s also? Thanks to all
I have been out of flying for years and have just been offered to start as FO with a Regional. Are there any advisors or career consolers for pilots that can help guide through the transition? I am leaving a 6 figure income in the hopes I can get back to that in a few years. I have been planning this for a bit but the initial jump is daunting. Can really use someone with sound advice. Has anyone else made the jump back in in their mid 50s also? Thanks to all
05-04-2019 | 10:36 AM
#2
ATC retired/121 hired
Joined: Dec 2012
Posts: 164
Likes: 0
From: 121 FO / glider for fun
I made the “jump” to regionals from another sector of aviation in my mid fifties. I had a great income before, BUT I have a pension now that allowed me to not have to worry about income once I made the jump. As always, you can never count on things working out the way you think they will. There are a lot of guys known as the lost generation that will tell you that. That said, things now look very good moving forward to advance quickly in this industry. You will pay some dues for sure, but it would appear nothing like many have. Always have a back up plan. PM me if you want more info on how I have experienced things in the last few years.
05-07-2019 | 03:59 PM
#3
Line Holder
Joined: Sep 2013
Posts: 715
Likes: 8
From: Left
I think the area to cultivate is the offerings with the company 401k type program. Beyond that you have IRA options, 529 for any kids, ‘health savings accts’, then more mundane insurance & the like.
If so inclined one can dabble with individual stocks, sectors funds, whatever.
Everyone is different. I like to ‘split the baby’, so to speak. No sense saving everything for the old folks home when your 82, or dividing it up in divorce court.
If so inclined one can dabble with individual stocks, sectors funds, whatever.
Everyone is different. I like to ‘split the baby’, so to speak. No sense saving everything for the old folks home when your 82, or dividing it up in divorce court.
