Pilot Planning
Pilot Planning Blog

Are You Saving Enough For Retirement? There’s More than One Flight Path to Reach Your Financial Goals

Here’s good news for pilots who are retired or near retirement: we’re living longer and are staying healthier than previous generations. Life expectancy for those now age 65 is 86 for men and 88 for women, and a 2013 study by researchers at Harvard University found that as life expectancy increa[...]

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Avoid the Flutter in Your Financial Flight Path: Don’t let emotional behavior lead to investment mistakes

Flutter: an unstable, sometimes violent, oscillation that can lead to destruction. Flutter can occur on fixed surfaces, such as the wing or the stabilizer, as well as on control surfaces such as the aileron or the elevator, for instance. Investors, including pilots, would do well to avoid “flu[...]

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Love and Money and the Second Time Around: Communication and advance planning help avoid conflict

It’s well known that money is the most frequent source of conflict among couples, a fact especially significant for those who are contemplating a second marriage.  Having been married before does not immunize you from fighting about money and finances the second time around. In fact, the complexi[...]

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What If You Are Forced To Retire Early? Retirement Readiness: It’s All in Your Approach

As a group, pilots are more likely to plan well for retirement, at least in part because they have a mandated retirement age of 65. A 2014 survey of pilotsi found that more than half contributed more than 10 percent annually to their retirement plans, and 41 percent contributed between 11 and 20 pe[...]

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Fighting Words: Couples and Money – But it Doesn’t Have to Mean Love vs. Dollars

Numerous studies over the years have shown that money is the top reason why couples argue. Money will create conflict in a relationship. The key is to find ways to resolve differences. Even couples who communicate well with each other in most circumstances can find themselves bickering when one s[...]

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Thinking of Tapping Your Roth IRA? Strategy Matters

Some investors may be considering tapping their Roth IRAs this year because 2015 marks the end of the five-year waiting period since the IRS removed income caps for investors converting money from a traditional IRA into a Roth. Pilots and other higher-income individuals benefited from the 2010 rule [...]

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Saving Strategies in Your Final Approach to Retirement

Being aggressive with your savings as you approach retirement is one of the most effective ways to catch up or compensate for times when you weren’t able to save as much as you would have liked to. Like many other well-compensated and savvy professionals, pilots are generally aggressive savers. B[...]

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Planning Your Retirement Spending? Take a Layered Approach

You’ve reached your goal: after years of flying, you are ready to retire. Your retirement party is looming, friends and colleagues are wishing you well. And then the uncertainty hits you. You’re off the payroll. I often am asked about the best strategy to generate income from retirement sa[...]

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Are You Financially Literate?

A recent study for the New York Life Center for Retirement Income at The American College has some disconcerting news about investors approaching or recently entering retirement. The survey was conducted by Greenwald and Associates who interviewed 1,019 Americans between the ages of 60 and 75 with a[...]

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Airline Pilot Retirement Success Tips

Over the years, I’ve seen many pilots transition to retirement successfully while others struggle. What is the difference between those who succeed and those who don’t? Those who have a difficult time are often those who aren’t emotionally prepared for retirement. While the first step for a[...]

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