Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
      • 2023
      • 2022
      • 2021
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • May 2023: “I’m Having Major Surgery Tomorrow,” He Said
    • April 2023: Will the Black Swan Usher in Digital Dollars?
    • March 2023: How Long Have You Been in the Investment Business?
    • February 2023: 4 Life Changing Words: “You Should Try This”
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

If You Can, Tell Retirement “Not Yet”

December 8, 2020 By E.J. Smith - Your Survival Guy

By 4 PM production @ Shutterstock.com

Not many industries have been devastated by COVID-19 like the airline industry. Airlines are firing personnel, including highly skilled pilots, and asking others to go into early retirement. Many older pilots, for myriad reasons, are resisting retirement. The Wall Street Journal tells the story of Garry Krasnov, who would like to tell retirement “not yet,” but in the end made the gut-wrenching decision to take an early retirement offer from Delta Air Lines.

If You’re Serious, Sign Up for My Email. But Only If You’re Serious.

With a vaccine approved in the U.K. and more approvals expected, airlines are hoping travel will begin its recovery later next year once enough people have been vaccinated. But they still believe it could take years for demand to return to the highs before the pandemic and subsequent economic fallout. Bringing all their employees back could be a long, slow process. The wait will be that much longer for pilots trying to launch their careers.

Furloughed pilots will be called back eventually, but it could take months or even years. Some may opt to find a different career. Some have retired.

Other industries are trying to lure idled pilots, though typically for much lower-skilled jobs. Schneider National Inc., a trucking firm based in Green Bay, Wis., recently ran recruiting ads aimed at ex-pilots on Facebook: “Whatever vehicle you pilot, you are the ‘captain of your ship,’ ” the ad read, featuring one pilot-turned-trucker. “Switch to a stable, growing career in trucking!” In Australia, some furloughed pilots are working on farms, operating heavy machinery to help harvest crops such as wheat.

Many pilots are drawn to the job by a lifelong love of flying and see it as a way of life. Though the romance of air travel has faded in recent years, being a pilot remains a special occupation, making it hard for some to walk away.

Gary Krasnov, 62, who had been flying jets for decades, had already cut back on his hours. But when Delta Air Lines Inc. released its early-retirement program over the summer—part of an effort to persuade senior pilots to leave voluntarily amid the Covid crisis—his chest tightened and his throat closed.

“I said, ‘I can’t believe this is happening to me.’ It was incredibly overwhelming,” he says. Nine days before he retired as a pilot, his wife asked if she could finally put away the suitcase he kept ready to go. He said, “Not yet.”

Action Line: Many of you are doing your dream job. You’re good at it, and you have a passion for your work. You owe it to yourself to continue doing what you’re good at. Tell retirement, not yet, if you can.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • Your Survival Guy in Rome 30-Years A.B. (After Babson) - May 26, 2023
  • Insurers Now Fleeing the Net Zero Insurance Alliance - May 26, 2023
  • A Three-Week International Research Trip to Paris via Rome - May 25, 2023
  • Will Biden Repeat Obama with US Debt Downgrade? - May 25, 2023
  • What Does That Have to Do with Your Dividend? - May 24, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Money 101

Trending

  • “Tell Me,” How Are You the Millionaire Next Door?
  • A Three-Week International Research Trip to Paris via Rome
  • “I Came from Nothing,” He Said. “I Mean Nothing.”
  • When Did You Become Serious about Your Money?
  • Starving for Fixed Income? How Can I Help?
  • BROKE THE BANK? Schwab Borrows $2.5 Billion
  • The Grades Are In: Schwab Scores a D
  • Two More States Nearing Passage of Permitless Carry Legislation
  • Letter to the Federal Reserve Chairman from Your Survival Guy
  • Your Survival Guy in Rome 30-Years A.B. (After Babson)

Must Reads

  • “Do We Have Anything to Watch Tonight?”
  • Americans Fleeing High Tax States for Growth Corridors
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • Why You Miss Richard C. Young’s Monster Master List
  • Slow and Steady: The Man Behind the Maps
  • Your Survival Guy at Fidelity and Your RMD Compliance
  • Your Survival Guy: Emerging Food and Energy Crisis
  • Hey, Where’s Everyone Going? Follow the Money Kid
  • Your Survival Guy: Simple Prepping for Winter Storms
  • Will the Russian-Ukrainian War Go Nuclear?

Recent Posts

  • Your Survival Guy in Rome 30-Years A.B. (After Babson)
  • Insurers Now Fleeing the Net Zero Insurance Alliance
  • A Three-Week International Research Trip to Paris via Rome
  • Will Biden Repeat Obama with US Debt Downgrade?
  • What Does That Have to Do with Your Dividend?
  • The ESG Cartel
  • Two More States Nearing Passage of Permitless Carry Legislation
  • How Activists Have Weaponized Corporate Boards
  • Letter to the Federal Reserve Chairman from Your Survival Guy
  • Big Blue Blob Cities Get Bad News from Census Report
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Key West Insider Guide
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.