regional retirement
#14

We heard you the first time.
#15
Gets Weekends Off
Joined: Apr 2012
Posts: 105
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From: seated facing forward
My sincerest apologies for the grammatical error. Apologies are apparently required for the repeated post as well. It would appear that users of this forum would rather jump on minor issues than discuss the merits of intelligent posts.
#16
Gets Weekends Off
Joined: Apr 2012
Posts: 105
Likes: 0
From: seated facing forward
My compensation, matching of 401k, vacation, sick time, and any other metric you would like to use, is more than comparable to any other "profession". The problem we have with our current "pay" is purely image imposed.
#17
Gets Weekends Off
Joined: Apr 2012
Posts: 105
Likes: 0
From: seated facing forward
Suddenly there are no more fancy graphics or grammatical proof readers. Wow, challenge the mind, (even not by that much), and suddenly there are no major combatants with truly stimulating challenges.
#18
#20
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,888
Likes: 684
From: Engines Turn or People Swim
Bull.
What happens when your company loses it's contract and liquidates or downsizes until 20-year CA's are reserve FO's?
Assume social security will provide little or nothing until you are so old that you're physically disabled.
What are you going to do about medical?
You will need at least $1.2-1.5 million in today's dollars to have anything like a comfortable retirement, and that's assuming no ex-wives are involved.
And then there's the over-inflated stock-market...which is probably going to suck for about the next 25 years as boomers retire and cash out all the equities they bought in a panic at age 55. Not to mention rising oil prices.
For most regional lifers retirement will just mean another job...at least you'll probably be home every night.
The only way I can see a retirement for a regional lifer is if he starts his own business and grows into something that can either support him with income or can be sold.
Do the math on your 401k. The try it again but don't use the "historical" market return average your brokerage suggests...use something like 4% to account for the boomers shifting out of equities over the next couple decades. Don't forget inflation!
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