<VV> Dir`s Com - now "Fixed Incomes" - NO CORVAIR

[Bruce Schug]

On Dec 4, 2009, at 9:07 AM, al hilderbrand wrote:

> Just to clarify Chucks comment on Corvair Atlanta (CAI), as you can  
> see
> his Proposal was not agreed with by 5 other members and agreed with by
> just 2, him being 1 of them. His proposal was that ALL new members
> must join Corsa and continue membership as long as they were CAI
> members. Current  CAI members who were NOT members of Corsa
> would not be required to join Corsa. Current members who were also
> Corsa Members would be REQUIRED to be Corsa members as
> long as they stayed CAI members. They would be required to drop
> out of CAI if they failed to maintain Corsa membership.
>
> I'm an officer of CAI,  Corsa member and 1 of the 5 that voted  
> against it.
> If this would have passed, I think I would have canceled my Corsa  
> membership
> before the first of the year. I have my own idea's about why Americans
> should not Require people to join a club. My vote on Chucks proposal  
> and
> CAI's position on the proposal was, Corvair people are for the most  
> part
> on fixed incomes,

*SNIP*

Every time I hear someone moaning about being on a "fixed income" I  
want to scream.

I realize many of you are retired, as I am. If those of you who are  
retired were able to do some retirement planning you should have  
planned for inflation. If you didn't, you're in a lot of trouble.


Most retired people live on some or all of the following:

Social Security - a guaranteed income which gives guaranteed annual  
cost of living increases.

Pensions - guaranteed income which pay in various ways, sometimes  
fixed, which really mean they decline with inflation. If you were able  
to invest your pension in something that will appreciate, it should  
keep up with inflation. If not, you should have invested other money  
in something that will fill the void of your declining pension.

Investments - Again, I hope you have your money invested wisely to  
handle inflation. If so, this too is guaranteed income.


Now, let's see what working people live on, the lucky working people  
that don't have to worry about money because they aren't on this  
"fixed income":

Salary - may or may not get a raise or promotion or cost of living  
adjustment. Not guaranteed because they may get laid off or fired at  
any moment.

Unemployment - if you've lost your job, you'll probably get guaranteed  
unemployment compensation for a while. Then you may be living in your  
Corvair or will have to spend what you had set aside for your  
retirement "fixed income".

Social Security - if you have lost your spouse or are disabled or  
something you may get a small Social Security check. This will go a  
long way toward funding your collector car hobby.

Profit - you may own a company or work for yourself or something and  
get to give yourself a nice fat salary or just pocket the profit your  
company makes. Then again, somebody may put you out of business or  
you'll go broke and have too file for bankruptcy.

Commission, royalties, etc. - you may be in sales or freelance or  
something similar and get a small salary plus commission or even just  
commission. You may freelance or create things for royalties. You  
never know how much you'll make. Feast or famine. Hope it's mostly  
feast.

Now, does being retired and living on a fixed, essentially guaranteed  
income sound so bad?

Your mileage may vary.

Bruce

Bruce W. Schug
Treasurer, Membership Chairman
CORSA South Carolina
CORSA member since 1980
Performance Corvair Group
Stock Corvair Group
VirtualVairs
FastVairs
'67 Monza, "67AC140"
bwschug at att.net