Ouch!!! Wet rates keep going up!

Newps wrote:


Margy Natalie wrote:


And ... That's on the OLD government pension plan, not the new one :-).





I prefer the new one. The old one was a pension only, the new one has a
much smaller pension but includes a 401k.
I didn't know the old one you couldn't 401K, and the 401K is what you
put into it, not what the feds put into it. I won't work for the
government long enough for it to make a difference :-).

Margy Natalie wrote:



I prefer the new one. The old one was a pension only, the new one has
a much smaller pension but includes a 401k.

I didn't know the old one you couldn't 401K, and the 401K is what you
put into it, not what the feds put into it. I won't work for the
government long enough for it to make a difference :-).


The old system got a 401k without any match when the new system came
out. They can now put in up to the IRS max like I can. If at all
possible put in the IRS max, it reduces your income by that amount. I
am 75% International fund and 25% small cap fund(The S Fund). When
you're clipping along at well over 20% annually it will add up pretty fast.

On Sep 27, 5:45 am, Jay Honeck wrote:
I think others on this group recently established that all you need is a
minimum wage job to be able to afford to own and fly a Piper Pathfinder. You
can even fly it all across the country, covering distances as far as Iowa to
North Carolina! My guess is you make too much, that's why you're finding
rentals too expensive. Give up your current job and get one that pays less
so you can continue flying with no worries. Owning and making minimum wage
is definitely the way to go if someone earning minimum wage can afford a
nice machine like a Pathfinder!

As with most people who have never owned and operated a family
business, you forgot the caveat that states: "...And you and your wife
will have to work every waking hour in order to pull it off."

The trade-offs are stark. The rewards are many -- as are the costs.

Reminds me of a joke.
The county comes out to a small business to audit employee records.
The owner tells him there are 3. 1 guy gets $10/hr works 30 hours a
week and has benefits. The second guy gets $15/hr, works 30 hours a
week but gets no benefits. The 3rd guy works 100 hours per week,
averages $3/hr and has no benefits. The county guy said "That third
guy, that's the guy I want to talk to!". The owner responds, "Pleased
to meet you".

-Robert