We have been up in Alaska for 17+ years and we have always looked at the PFD as a windfall for our 3 kids. We have stuffed every PFD we have ever received into 529 accounts and they have provided a nice nest egg for each of the kids to use for college. I think this is not the norm because none of the guys I work with do this and see the PFD as part of their income.
If we were to stop the PFD today I would miss it but I see it as a gift or really as a form of welfare. Most whom I work with see it as theirs. Not sure how I feel about it but if it goes it goes. Our greedy politicians have been chomping at the Bit for years trying to get it and now they just may have found a way to do it!
Lets just kill the Mega Projects, kill the travel and get rid of the LAO and start living closer to our means??? Na......
