My promised retirement funds have been pulled out from under me in the 11th hour of my career. Can I get by if forced to retire? Myself, yes. But my 15-year old is a sophomore in HS and a good student. He says the wants an education as an electrical engineer and he says he wants to attend law school to become a patent attorney. Plus, like most of the members of this Board and my family, he wants to learn to fly.[/quote]
How many airlines have you seen go under during your career? Did you not learn from ALL of those ex-Easterners on United property who lost their entire pensions? (I flew with a lot of them; I heeded their advice to not live beyond a flight engineer's salary).
Did you think that there was no possibility of meeting the same fate? I believe that it was Giulio Douhet who said: "Those that fail to learn from mistakes of the past are doomed to repeat it."
As far as your son's desire to fly ... my daughter wanted a pony when she was growing up. I guess that I was a bad parent by not buying the pony. I think that you are having a great deal of difficulty in separating luxuries from neccessities. And that's what got you into your current quandary.
UndauntedFlyer said:
Now, it has become clear that the age-60 rule is no longer about safety
You REALLY need to read this before making such a foolish statement:
http://www.faa.gov/library/reports/m...ia/age60_3.pdf
UndauntedFlyer said:
The age 60 rule will change soon because the whole world is changing to that age. And so will the United States. Everyone agrees on this point.
I don't agree, and many others do not agree. You are making a sweeping statement that cannot be backed up by facts. I think that you will find quite the opposite opinion. Most importantly, the Federal Air Surgeon disagrees with you.
UndauntedFlyer said:
Let me say this, because it is true, there is not a person on this board who if they were in my situation would not want to keep working to provide for their family and their retirement.
Let's be crystal clear on this point. You have squandered away a large salary for many years. Of course you'll want to continue to work; it sounds like you lacked the foresight to save anything. Your ignorance is no reason to dramatically lower safety standards in commercial aviation. Again, READ the FAA report.
UndauntedFlyer said:
I say this because getting rid of the age 60 rule helps every single pilot in the long term who has to save for retirement in a defined contribution (401k) type plan.
Do you really believe this, or are you again blowing smoke up the audience's a$$?
The resultant depression in pilot wages due to increased retirement age will more than offset any additional savings opportunity.
Why is 60 discriminatory, yet 65 is not discriminatory? Or do you advocate flying until you die? Wow, there's an interesting safety concept.
The next thing you know, you'll be telling me that AMEs do a great job of screening unhealthy and unsafe pilots.
Now, my story. I am almost 46 years old. I exercise ~5 times/wk. I can tell that my body is slowly dying. My eyesight is getting worse, my hearing isn't as good, my blood pressure has risen, I feel more aches and pains in the morning, and I forget more often. And I think that you've noticed the same.
I was hired at United in 2000 at the age of 39. I was furloughed in March 2002. In the last 4 1/2 years, I've been unemployed for approximately 10 months. My daughter starts freshman year at Regis University in Denver this year; tuition is $37K/yr.
I live in a crappy apartment, I drive a beater, and when I eat out it's at dive restaurants. I don't go out much.
Yet, in spite of all of my financial problems, my daughter's college is paid for (except for ~$4K in student loans), my Roth IRA is maxed, and my 401k is maxed. All because I live within a budget.
I don't know where your financial planning went awry, but I refuse to compromise airline safety just so that you can pi$$ away all of your money for another 5 years.