[flyer]

“Most workers don’t have enough money to retire
Total savings and investments, 2015

Less than $1,000 28%
$1,000 – $9,999 17%
$10,000 – $24,999 12%
$25,000 – $49,999 9%
$50,000 – $99,999 10%
$100,000 – $249,999 10%
$250,000 or more 14%

Source: Employee Benefit Research Institute”

From the horrendous stats above, apparently, most people are not placing their excess funds in retirement savings.

Unbelievable, especially when you consider it is estimated that most couples will need $250K to cover medical expenses alone between the ages of 65-85, even if you have Medicare and supplemental insurance.

[flyer]

CAr, some friends found some tables on this site when they were searching. I can’t endorse them, since we haven’t ordered from them, but you might want to take a look:

http://www.houzz.com/photos/dining-tables

http://www.houzz.com/photos/dining-tables/query/farmhouse/nqrw

[flyer]

My wife has had French Country combined with Amalfi Coast interior design in our home in RSF for years, and whether it’s en vogue now or not is not really a concern, since we like it.

As long as you like the look, it works well in your space and is aesthetically pleasing to you as well as functional, I’d say go for it–even if it is a fad.

[flyer]

joe, as a kid growing up in LJ, I was always interested in flying, and when the grandparents offered to send all of us to college, we had the opportunity to choose our field of interest, and I chose aviation.

Received my degree in Aerospace Engineering, as well as pilot training and flight hours from an Aeronautical University, Embry-Riddle, dubbed the “Harvard of the sky,” and was hired by a major carrier right out of college.

As I’ve mentioned in previous posts, I’ve really enjoyed the career, as it is one of the few that, as you achieve seniority, allows you a lot of free time to devote to the family, and to pursue other goals and interests in conjunction with flying.

Sounds like you’ve done very well for yourself with your background, and later in life, when you have more time, after your family is raised, you might want to get your private pilots license. There are lots of schools here in San Diego, so that’s something you might consider.

[flyer]

Good points gzz.

Many of us in the 50+ crowd who were lucky enough to be hired by a major carrier from day one have had a very positive experience that most of us wouldn’t change for the world, but I can’t imagine becoming a pilot today.

The cost of education and training, combined with the low pay for most who have to start with regional airlines, makes it easy to understand why there is a shortage of pilots, and, as you said, the amazing offers being made are not going to the newbies.

In my circle of pilot friends, most of us get at least two calls a week from foreign carriers looking for at least 10,000 hours on the jumbos, hoping we’ll jump ship, but none of us would ever give up our seniority which allows us to fly about 8 days a month for about the same compensation as what they’re offering. That, along with the other investments most of us have, would not make it worth it for us, and that is the problem these airlines are running into when they try to recruit experienced pilots.

It will be interesting to see how the airlines deal with this, and what the impact will be on travel going forward.

[flyer]

joe, as long as your vision can be corrected to 20/20 with glasses or contacts, you would be eligible for a 1st Class FAA Medical Certificate, which would make you eligible to fly as a civilian professional pilot.

In our case, my wife and I always wanted to be available to our kids when they were growing up, and since real estate and film investments have worked out so well, there was never a need (or any interest) in moving or commuting abroad for a flying career.

That said, I understand how the Chinese jobs would be enticing, and I hope those pilots, and everyone, for that matter, make millions in whatever career path they choose.

[flyer]

The nice thing about being an airline pilot, at least for me, is that for many years I’ve been able to bid a schedule that allows me to work only about 8 days a month at full compensation with union benefits, which has left me with a great deal of time to pursue other interests–family, real estate investment projects, film investment projects, etc.–So no complaints here.

[flyer]

Since everyone is entitled to his or her opinion, imo, both parties have nominated abominable candidates, and I know a lot of people who feel that way. That’s all I’m going to say.

[flyer]

“But, in real life, for flying people around, you’ll always need at the very least one pilot on board. When the shit hits the fan, no computer can replace the judgment of a human being. Better yet, 2 human beings.”

True. Just ask my buddy Sully.

[flyer]

Huge pilot shortage everywhere. Have friends who have been flying abroad for years and have been raking it in.

Some tried commuting, and couldn’t stand it. Others moved–some with their families–and couldn’t stand it, but stayed for the money, and still others have stayed and and really enjoy it. Never appealed to me, since we have too many other things going on here.

Income in the states varies by the carrier, whether you fly domestic or international, union contracts, etc., but $300K+ is not uncommon per the above, at certain levels of seniority.

[flyer]

Agree.

We’ve had many investment properties for years, and have never had to sell them during any downturn, or chosen to sell them, even though we got in cheaply, and appreciation has been excellent.

In addition, they will benefit our kids going forward, so we will let them decide what they want to do with them at that point in time, but those getting in now might want to give it some serious thought.

[flyer]

“Ask yourself, unless your kids are smart enough to get upper middle and above jobs, will they afford to stay in Cali? Statistically, not that likely.”

Even at that, we’ve known many, even in those categories, who have had to leave San Diego and even the state for many reasons, and, imo, even if we can improve the housing situation, it won’t be significant enough to make a measurable difference in most people’s lives.

In the final analysis, there are no entitlements guaranteeing everyone will be able to stay in CA just because they want to.

[flyer]

To your points, kev, agree.

Per the video posted, those interviewed mentioned that most mortgage loans they are seeing today are pushing the limits of DTI, so, once again, it appears many are still living beyond their means.

They also mentioned that a 17% drop could, in fact, affect many, so guess we’ll just have to see what happens. Even though we have substantial real estate holdings dating back many years, from what I’m reading, I would definitely not want to be out on a financial limb of any type going forward.

[flyer]

Congrats on your new home, sdgrll.

It’s unbelievable to me how many people live beyond their means, so It’s refreshing to read your posts and realize there are still some who live in reality.

No one ever knows what the future will bring, including many top earners who were wiped out in the last recession, and other previous busts.

Even though we’ve made many investments of many types over the years, we’ve never lived beyond our means, and it sounds like you adhere to the same philosophy, which should serve you well.

[flyer]

With less than 20% of US households making over $100K, I’d be interested in the psychology and sociology of any voter who actually believes, in reality, not in rhetoric, that any political candidate can make a difference in their lives to a life-changing degree–which is what the candidates are selling the gullible in one form or another.

Again, it will be very interesting to see if anything changes in the future for the other 80% (the majority of voters) or if income inequality simply continues to increase, as it has for decades.

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