Everyone has their own circumstances to consider. From my perpective, it becomes harder to sypathize with those forced to retire upon reaching age 60 when the more vocal among them berate those that don't agree with them in the union fish-rap. When I started at SWA in early 03, the union web-page had a "compare your balance" feature which graphically displayed general balances based upon longevity. As the age 60 push increased, that feature disapeared. Although it may have been a legal decision vice a political one, the legal argument seems too convenient. Before it went offline, I copied down a few numbers comparing 401k and profit sharing balances. This was before the rise in the market since then, and in general, the results were as follows - 25 yrs: $2 million, 27 yrs: $2.7 million, 30 yrs: $3.3 million. Around that time I flew with a senior 4000 number Capt out of PHX (great guy by the way) that was very forthright when discussing his balance. To paraphrase "It took me 18 years to earn my first million, another 4 to earn my second, and 18 more months to earn my third." Probably a savy investor, but not uncommon based on his seniority. Again, to each his own, just throwing this out to enlighted those 1,800 guys that have joined the company behind me on what they missed.
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