Skiles and Age 65+

I would guess it’s common among former Alaska 135 trash who spent a lot of time flying where “the Alaska jet” was the only jet traffic in the area, and might have been the first and only jet they flew. Not sure how many of those guys are in the PDX/SEA bases but I bet there’s a lot that in ANC

Your guess is probably more right, but I was gonna say that calling it the "jet" and telling ops you're "on deck" could also just be a carry over from mil flying. Those are/were common words, and at least in my little corner, weren't regarded as strange. I've tried to consciously remove them from my vocabulary, since you all have informed me that it is annoying :)
 
Something I struggle with is understanding how much money we need to retire. The guy at Fidelity makes lots of predictions and shows me a speedometer looking thing that says we are on target. Meanwhile the wife and I are both squirling away as much into our 401K as we are allowed to, including catch up contributions.

Would be nice if there were a finish line so if we wanted to retire early we could.


As someone born the very last year of the baby boom, and someone who has been adversely affected by all of those in front of me for my entire career, I have been wondering how this investment thing will actually turn out. It has been the boomers who have driven up all asset prices for the last 40 years. As they drop out of the workforce and start pulling their money from 401Ks (and by default, the stock market), how is that going to affect returns going forward? Similarly, how is it going to affect other asset prices that have seen huge runups?

Just like the stagnation we saw in seniority progression caused by boomers, I expect to see a stagnation in stock market returns as a result of their reduced contributions into the various investments.

I know, it is a pretty complex set of parameters that drive all of this, but my guy tells me investment returns are going to suck for us, just like seniority progression sucked for us.

The net net is, that while I will contribute to a 401K for the tax advantages now, I do not plan for it to be a viable source of cash in retirement. Having other assets that produce income is the plan.
 
As someone born the very last year of the baby boom, and someone who has been adversely affected by all of those in front of me for my entire career, I have been wondering how this investment thing will actually turn out. It has been the boomers who have driven up all asset prices for the last 40 years. As they drop out of the workforce and start pulling their money from 401Ks (and by default, the stock market), how is that going to affect returns going forward? Similarly, how is it going to affect other asset prices that have seen huge runups?

Just like the stagnation we saw in seniority progression caused by boomers, I expect to see a stagnation in stock market returns as a result of their reduced contributions into the various investments.

I know, it is a pretty complex set of parameters that drive all of this, but my guy tells me investment returns are going to suck for us, just like seniority progression sucked for us.

The net net is, that while I will contribute to a 401K for the tax advantages now, I do not plan for it to be a viable source of cash in retirement. Having other assets that produce income is the plan.
Many in the generation have already retired and are well into their 70’s. Why are we suddenly going to destroy your investment returns? This generation began retiring quite a while ago and a very large number of holdouts retired due to the pandemic. Unlike the Great Recession, they are not returning. As of 9/2020, 40% retired. And about 1/3 have little or no retirement savings, meaning they rely on Social Security. For those with retirement accounts, the median is about $250,000. So many millions don’t have enough savings.

I don’t need to take withdrawals as long as I keep my part-time job. Even then, we don’t need all the income from RMDs no matter how many vacations I plan. So we will reinvest it.
 
Your guess is probably more right, but I was gonna say that calling it the "jet" and telling ops you're "on deck" could also just be a carry over from mil flying. Those are/were common words, and at least in my little corner, weren't regarded as strange. I've tried to consciously remove them from my vocabulary, since you all have informed me that it is annoying :)
I don’t think it’s annoying, necessarily. What it is is a tell that you might be one of “those guys” that can only talk about their time in the viper or whatever, or wears the super shiny polyester shoes.

not all guys who say “the jet” are those guys, but all of those guys say “the jet”.
 
I don’t think it’s annoying, necessarily. What it is is a tell that you might be one of “those guys” that can only talk about their time in the viper or whatever, or wears the super shiny polyester shoes.

not all guys who say “the jet” are those guys, but all of those guys say “the jet”.

haha fair enough. Love viper guys, especially retired O-6 viper guys. I think they have made a really good name for themselves :)

It is for this reason that I only talk about mil flying if specifically asked. Better for them to just think I'm an idiot, rather than to think I'm an idiot and also an a hole. Happy to talk about it if someone is interested, or has questions, but honestly, it is much more interesting hearing about the flying that I don't know about (if we're talking flying). We have some pretty interesting backgrounds at my shop. Flew not too long ago with someone who flew DC-8's.....thats really cool. Or some guys who flew as FE's in the 727. Or any number of really random types of lesser size, but more complexity of flying.
 
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I was the number 2 F/E at UPS on the 727 at one time and I'd much rather hear you talk about your military stuff. When you and Mike D get going it's pretty cool.
 
Well, there goes any respect I had for that guy. And he lived through the age 65 change too.

Really? Why? This is (or should be) objective. If medicals are honest (oh! are you assuming they're NOT?!?), anyone should be allowed to fly until s/he can no longer hold a medical. Pretty simple.

Also, I think you airline dudes (and other select few with pensions/high-grant 401Ks) are pretty narrowly biased in your assumptions about how life really is for anybody who does not possess the benefits that benefit those like you. It reminds me of listening to retired-with-full health care, full salary firefighters bitch and moan about the evils of unions. Oh! Really? Do tell.)
 
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I was the number 2 F/E at UPS on the 727 at one time and I'd much rather hear you talk about your military stuff. When you and Mike D get going it's pretty cool.

I think mike's stories are probably more entertaining than mine. There is one guy who has done flying that Mike hasn't, but he drives the Goodyear blimp :)
 
Really? Why? This is (or should be) objective. If medicals are honest (oh! are you assuming they're NOT?!?), anyone should be allowed to fly until s/he can no longer hold a medical. Pretty simple.

They aren't honest. They test for mental degradation. And until they do (and start knocking out tons of guys in their early 50s as collateral), I think I'll stick with the system we have.

Also, I think you airline dudes (and other select few with pensions/high-grant 401Ks) are pretty narrowly biased in your assumptions about how life really is for anybody who does not possess the benefits that benefit those like you. It reminds me of listening to retired-with-full health care, full salary firefighters bitch and moan about the evils of unions. Oh! Really? Do tell.)

Trust me... I do. But Skiles (and everybody else) signed up to play the game with a set of rules. You don't get to change the rules (and screw over everybody else) just because it suddenly benefits you.
 
They aren't honest. They test for mental degradation. And until they do (and start knocking out tons of guys in their early 50s as collateral), I think I'll stick with the system we have.



Trust me... I do. But Skiles (and everybody else) signed up to play the game with a set of rules. You don't get to change the rules (and screw over everybody else) just because it suddenly benefits you.
I agree that the medical tests don’t test for cognitive impairment and that the current limit should remain.

But the second statement has always irked me. Things change all the time for valid reasons. It’s life. To say that a rule or system or law or anything should remain because that’s the way we always did it is without merit to me. This excuse irks me as much as the stupid word “woke”
 
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