Engine cleaning

[1980Mooney]

44 minutes ago, Fly Boomer said:

So, that "bull market" was pretty easy to get to based on recent performance?

Only if you had nothing invested previously -and then you invested at the recent bottom. If you were invested previously you would have lost 20% to get there (to that bottom starting point - the recent low). So in reality, for those with long term retirement funds invested in the market, all that has been accomplished is getting back what we recently lost…

Edited June 15, 2023 by 1980Mooney

[A64Pilot]

1 hour ago, 1980Mooney said:

Only if you had nothing invested previously -and then you invested at the recent bottom. If you were invested previously you would have lost 20% to get there (to that bottom starting point - the recent low). So in reality, for those with long term retirement funds invested in the market, all that has been accomplished is getting back what we recently lost…

Mine has not returned to what it was, and I do not believe it ever will.

One reason I say that is inflation has increased everything by 15% since the date we are using, so to break even you would need it to increase by 15%, so since mine dropped by about 25%, I would need the original 25% plus the additional 15% from inflation, which is of course 40%, and that’s not happening.

Inflation is of course cumulative that’s where the 15% comes from, we were running 2% yearly  prior to that date

We should be OK, depending on what’s on the horizon but only because I had planned to survive a 29 era Depression, that’s survive not thrive.

But it’s unlikely that we will buy the RV or Trawler to cruise around in this year like I had planned, I lean toward the Trawler and doing the Loop, but an RV would fit in the hangar.

I say Retire early and adjust your life style to what you have to spend, because I’ve seen way too many wait too long, sure they have the money, but don’t have the health to spend it doing what they want.

We Retired on a boat, a nice boat that was paid for, and I can attest that as long as your mechanically inclined that you can cruise paradise in a nice boat for about what it would cost to live in a Retirement trailer park and live well doing it.

You can live in some Central American Countries very well on a fraction of what it cost to live here.

But once your health is gone, I don’t care how much money you have, you’re very limited in what you can do.

[Pinecone]

22 hours ago, Fly Boomer said:

Wow!  That is outstanding.  Nice work if you can get it.  Wasn't my experience.  You planned better than I did.

Actually, I was shooting for the same, but my employer (Fed Gov) put up a new retirement page with real time numbers.  So I had retirement, checked my SSA numbers, looked at my TSP (Fed version of 401K) and the take home number was higher than my current.  A lot due to the amount I was paying into my TSP.  But take home is take home.

But I am actually working 1/2 time as a contractor to my same office, for the same hourly rate, but with not paying health care and retirement things, I net 30% more per hour than when I worked full time.

The only concern is, only part of my retirement is inflation protected (gets increases).  So, over  time, my buying power will go down.  But, that part that does get increases, typically gets higher ones that I got on my salary, so maybe it won't be a huge issue.

[Fly Boomer]

6 minutes ago, Pinecone said:

Actually, I was shooting for the same, but my employer (Fed Gov) put up a new retirement page with real time numbers.  So I had retirement, checked my SSA numbers, looked at my TSP (Fed version of 401K) and the take home number was higher than my current.  A lot due to the amount I was paying into my TSP.  But take home is take home.

But I am actually working 1/2 time as a contractor to my same office, for the same hourly rate, but with not paying health care and retirement things, I net 30% more per hour than when I worked full time.

The only concern is, only part of my retirement is inflation protected (gets increases).  So, over  time, my buying power will go down.  But, that part that does get increases, typically gets higher ones that I got on my salary, so maybe it won't be a huge issue.

I think starting out ahead of your previous take home, and working part time will carry you through in good style.

[Hank]

1 hour ago, Pinecone said:

The only concern is, only part of my retirement is inflation protected (gets increases).  So, over  time, my buying power will go down.  But, that part that does get increases, typically gets higher ones that I got on my salary, so maybe it won't be a huge issue.

Neither my 401(k) nor IRAs have any inflation protection beyond my decisions on investments. SS will have some protection, but I'm not counting on it--if it comes in, it will.be gravy.

That's why I'm still working. Thanks, Joe Biden, for keeping me in the workforce the last two years, trying to get my accounts back to the value they had before you were sworn in and attacked our economy. 

[N201MKTurbo]

I have paid off everything. My highest monthly expense is hangar rent. I will get the highest SS possible because of the merger I was involved in in 2008 when all my stock options became regular income. Joe Biden kind of money (well not quite). I had a financial planner come over last night and he said there isn't much he can do for me. So, why am I still working?

It makes me laugh, when the HR person at work mentions career development.

[1980Mooney]

Perhaps the OP should change the title of the topic or someone should start a new topic since the discussion has ABSOLUTELY NOTHING TO DO WITH ENGINE CLEANING

[Pinecone]

Welcome to the internet.  And the real world.

[Hank]

1 hour ago, 1980Mooney said:

Perhaps the OP should change the title of the topic or someone should start a new topic since the discussion has ABSOLUTELY NOTHING TO DO WITH ENGINE CLEANING

Whassa matta wid a li'l thread drift???

[N201MKTurbo]

1 hour ago, 1980Mooney said:

Perhaps the OP should change the title of the topic or someone should start a new topic since the discussion has ABSOLUTELY NOTHING TO DO WITH ENGINE CLEANING

What do you mean? If I was retired, I would have more time to wash my engine. It makes perfect sense to me!

[Hank]

2 minutes ago, N201MKTurbo said:

What do you mean? If I was retired, I would have more time to wash my engine. It makes perfect sense to me!

If I was retired, I'd have more time to USE my engine!

[redbaron1982]

1 hour ago, 1980Mooney said:

Perhaps the OP should change the title of the topic or someone should start a new topic since the discussion has ABSOLUTELY NOTHING TO DO WITH ENGINE CLEANING

My question was regarding engine cleaning... and I did get some information regarding that, like which types of sprayer to use, or if it was ok to use a sprayer at all, etc.

[1980Mooney]

3 minutes ago, Hank said:

If I was retired, I'd have more time to USE my engine!

Many times (most?) retirement just means trading one boss for another "boss"....

And the new "boss" is less likely to cut you any slack.  Plus no days off and on call 24/7....

And don't even think of asking for a vacation to "get away from it all for a while".or to "recharge your batteries"...

[Fly Boomer]

Just now, 1980Mooney said:

Many times (most?) retirement just means trading one boss for another "boss"....

And the new "boss" is less likely to cut you any slack.  Plus no days off and on call 24/7....

And don't even think of asking for a vacation to "get away from it all for a while".or to "recharge your batteries"...

Leave of absence, maybe?

[1980Mooney]

Just now, Fly Boomer said:

Leave of absence, maybe?

Generally if you ask it becomes permanent. And accompanied with the response "just leave 1/2 of all the assets at the door as it hits you in ass when you leave"

[Fly Boomer]

1 minute ago, 1980Mooney said:

Generally if you ask it becomes permanent. And accompanied with the response "just leave 1/2 of all the assets at the door as it hits you in ass when you leave"

Somebody once told me "If you have to ask, you can't afford it."

[Hank]

11 minutes ago, 1980Mooney said:

Many times (most?) retirement just means trading one boss for another "boss"....

And the new "boss" is less likely to cut you any slack.  Plus no days off and on call 24/7....

And don't even think of asking for a vacation to "get away from it all for a while".or to "recharge your batteries"...

I've been on call 24/7 for most of my career anyway, that's no change. And she won't be my "new" boss, but will transition into being my "only" boss, a nice reprieve for me.  

[Aerodon]

On 6/13/2023 at 7:01 AM, 1980Mooney said:

@redbaron1982.  The ears of the KSGR Airport Managment must have been burning - They just sent out a new T-Hangar Handbook with rules and regulations yesterday. You should have an email from them. 

Technically you cannot do any of the things that you are considering.  You cannot change your oil or put it up on jacks.(they consider that "major" work).  They want you to use the " - Work that is major, such as changing oil or replacing a door, is conducted at the Tenant Maintenance Hangar, and not inside the T-Hangar".  

They are happy to let you work "under the supervision of a licensed mechanic" as long as you do it in the "Tenant Maintenance Hangar" which is on the other side of the airport and not easy to get to.

"MAINTENANCE

No maintenance or hazardous activities are to be conducted inside a T-Hangar.

Small maintenance items are permitted in the T-Hangar, as long as they are minor

in nature and are required to get the aircraft flying. Some examples are listed

below:

·        Adding oil

·        Adding other fluids

·        Changing a light bulb

Major maintenance or repairs are not permitted within the T-Hangar Facilities or

the T-Hangars themselves. Some examples are listed below:

·        Oil change

·        Avionics panel swap out

·        Propeller Replacement

·        Door Replacement

·        Engine Overhaul

·        Landing Gear maintenance or replacement

·        The use of aircraft jacks"

 

As a hangar developer, owner, lessor, seller, operator etc. (hangar pimp?) I have some sympathy for the City.  I have had incidents - fire, runaway planes, flipped plane, fuel spill and more.  I have tenants with $$$million dollar airplanes and they do not take kindly to some of the things that others get up to putting their plane at risk.

When I insure the buildings and liability, I get asked to declare the use.  Lowest cost is 'storage', and then it starts going up.  It really is not very feasible to have a maintenance shop in one row of hangars and then try to keep the insurance premiums down for all the others.  So I have 'private storage hangars' and 'commercial hangars' in different buildings, and I expect people to FIFO.

We've seen the u-tube video of the mechanic without insurance starting the plane that runs away into another plane.  Who do you think that insurance company sues?  So I am having to get pretty hard-assed about it to protect my butt.  A little bit of maintenance leads to a lot of maintenance, and next think you have a fire, insurance claim, and a counter claim.  

So my rules are 'allowable owner maintenance in the hangar', no refuelling, no lithium batteries, no welding, no spray painting etc.  Then yes, you can get your annual inspection done, proving the service provider has a business license to operate at our airport and has $2m liability insurance.

 

Aerodon

 

 

 

 

 

 

 

 

 

 

 

 

[A64Pilot]

On 6/16/2023 at 11:40 AM, 1980Mooney said:

Perhaps the OP should change the title of the topic or someone should start a new topic since the discussion has ABSOLUTELY NOTHING TO DO WITH ENGINE CLEANING

I used to Moderate the largest cruising boat forum, so I’ve seen some forum use.

What happens with a thread that asks a pretty simple question is that it gets answered, sometimes with differing opinions, maybe an argument, and either the thread drift, or it does.

When it drifts it keeps getting bumped to the top, people see it and sometimes, just like what has happened here someone sees it and posts are rather informative post just like @Aerodon just did.

But if the post died it gets further from the top and maybe Aerodon wouldn’t have seen it.

So sometimes by keeping the thread alive more helpful information is forthcoming.

On that forum I helped moderate, we had several rules, but only one really important one and we just called it the “be nice” rule, you could disagree rather strongly, that was fine, just don’t get nasty. 

On edit, and this isn’t really pointed at you, but for some reason people who start a thread seem to think they own the thread, but they don’t. Actually the owner of the forum does

[Pinecone]

Internet forums are like real life.  You go to an event.  Someone starts talking about something.  Others join in, then the conversation starts drifting.

It happens.