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Man am I glad I am not facing that situation.Interesting factoid at CAL: I went back to the right seat and took a smaller paycut than the guys flying past 60 with frozen A Plans are now taking in their lump sums. I find myself surprised at the effect this has on the ones that aren't retiring (quite a few are). They can't quit, they can't work, and they can't get ahead. They could retire now or at 65, either way they're broke when they do. All they can do is get old. It's somewhat sad.
Interesting factoid at CAL: I went back to the right seat and took a smaller paycut than the guys flying past 60 with frozen A Plans are now taking in their lump sums. I find myself surprised at the effect this has on the ones that aren't retiring (quite a few are). They can't quit, they can't work, and they can't get ahead. They could retire now or at 65, either way they're broke when they do. All they can do is get old. It's somewhat sad.
What if they would have been responsible with their money from day one? Maxing 401k, saving for kids' college, personal savings, reasonable car, reasonable house, etc, would they have the same problems?
I think it should be called the "M.C. Hammer Syndrome." These dudes made a lot, spent a lot, and are too legit to quit!
What if they would have been responsible with their money from day one? Maxing 401k, saving for kids' college, personal savings, reasonable car, reasonable house, etc, would they have the same problems?
I think it should be called the "M.C. Hammer Syndrome." These dudes made a lot, spent a lot, and are too legit to quit!
NO! Any CAL pilot who is the least bit responsible, is now sqwaking VFR. Period.