Best Advice Podcast Guys

This episode breaks down  dollar cost averaging and ranks the four worst single-day percentage declines in S&P history—Black Monday (1987), the Great Crash and Black Tuesday (1929), and the COVID-19 crash (2020)—and explains what happened during those days.

Hosts Rob and Wealth Advisor, Abby Lovaglio, discuss margin calls, the market’s bouncebacks, emotional investing, and practical strategies like dollar-cost averaging to stay invested for long-term growth.

Retired Lockheed director Mark Hatter, shares his journey from a demanding aerospace career to a vibrant retirement focused on health, photography and travel. He explains how careful financial planning, prioritizing work-life balance, and choosing to leave before 60 gave him years of active, fulfilling life.

Mark describes mentoring at Lockheed, the challenges of supply chain and program obsolescence, and the importance of saving early. He also discusses his second career teaching underwater photography, donating his artwork to charity, and urges employees to cultivate passions and plan so retirement becomes a new chapter, not an empty void.

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Should Aerospace Employees Retire at 55, 60 or 65—and what could those extra working years mean for you? On BA Podcast Guys, host Rob sits down with senior advisors Steve Young and Michael Allen, CFP, to discuss the choices behind that decision.

They cover early retirement, healthcare costs before Medicare, retirement savings, taxes, Social Security and pension considerations.

Beyond the numbers, they ask something worth thinking about: what do you actually want your days to look like when work becomes optional?

Whether you’re counting down or exploring your options, join this honest conversation about retirement planning for Lockheed Martin/Aerospace  employees. What age are you aiming for? Tell us below and subscribe for more conversations.

This episode walks aerospace employees through a simple, stage-based retirement checklist, divided into ages 55–59, 60–64, and 65+.

They cover practical steps for designing and stress-testing income strategies, when to request retirement packages, handling unused PTO, and executing the plan so you can retire with confidence.

Advisors Michael Allen and Stephen Young share memorable advice from a retired Lockheed VP.

This episode uncovers the non-market dangers that can quietly derail retirement plans—longevity, inflation, healthcare and long-term care costs, insurance gaps, estate mistakes, and behavior-driven decisions—highlighted for Lockheed and aerospace employees.

Senior advisors Michael Allen,CFP® and Steve Young explain sequence-of-returns risk, beneficiary and estate planning, liability and umbrella coverage, and the need to protect income with disability insurance.

They stress stress-testing plans, pre-planned behavior during market swings, and practical steps to keep your retirement resilient so you don’t outlive your savings.

The Biggest Financial Mistakes Young Professionals Should Avoid Starting your financial journey early can make a real difference—but knowing where to begin isn’t always easy.

In this episode of BA Podcast Guys, Rob sits down with Senior Advisors Mitch Allen, CFP®, and Steve Young to share practical financial planning advice for young professionals.

They discuss how to maximize workplace benefits, employer 401(k) matching and Health Savings Accounts while protecting your income through appropriate insurance. The conversation also explores estate planning, marriage, divorce, managing old retirement accounts and building a tax-efficient strategy for the future.

Whether you’re receiving your first paycheck or preparing to accelerate your retirement savings, this episode offers straightforward guidance to help you organize your finances and move forward with confidence. Subscribe to BA Podcast Guys for more honest, practical conversations about money and your financial future.

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Timestamps:

00:00 – Taking Advantage of Great Benefits

00:09 – Welcome to Best Advice Podcast

00:22 – Financial Planning for Young Professionals

01:20 – Protecting Income and Future Earnings

02:06 – Advice for New Lockheed Employees

03:05 – Marriage as a Planning Event

04:10 – Financial Planning After Divorce

04:51 – Turbocharging Savings Before Retirement

06:03 – Start Early and Simplify Accounts

07:04 – Final Advice and Closing

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📈 Welcome to Best Advice Podcast Guys! We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Rob Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom.

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📅 Want to build your own plan? Talk to Mitch & Steve

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A CPA, estate-planning attorney, insurance professional, and financial advisor may all be working for you—but are they actually talking to one another?

In this episode, Michael Allen, CFP®, and Mitchell Allen, CFP®, explain why professional coordination is critical for aerospace employees and their families.

Using real client examples, they show what can happen when financial professionals fail to communicate—and how proper coordination can connect your:

• Estate plan and trusts

For Lockheed Martin and other aerospace employees, having multiple specialists is not enough. They must understand the complete financial picture and work together before a major life event occurs.

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📈 Welcome to Best Advice Podcast Guys!

We bring you expert financial advice, success stories, and insights from top industry leaders. Hosted by Rob Lovaglio and a panel of experienced financial professionals—including Frank Lovaglio, RFC®, David Allen, CFP®, Mitchell Walk, AAMS®, Austen Jacks, CFP®, and Mitch Allen, CFP®—we break down the strategies that drive wealth, success, and financial freedom.

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🎧 Listen & Subscribe:

🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast/best-advice-podcast-guys/id1729063229

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🤝 Get Personalized Financial Guidance:

📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/

🔔 Subscribe for More Expert Insights:

#AerospaceEmployees #EstatePlanning #FinancialPlanning #LockheedMartin #RetirementPlanning

Certified Financial Planners® Michael Allen and Mitchell Allen walk through 12 common retirement challenges faced by Lockheed Martin and aerospace employees, including too many choices, overreliance on company stock, tax surprises, Social Security timing, healthcare costs, asset allocation, withdrawal strategies, and estate planning.

The episode delivers concise, practical advice and actionable steps to simplify decisions, protect savings, coordinate benefits, and build a tax-efficient, long-term retirement strategy so listeners can retire with clarity and confidence.

🎧 Listen & Subscribe:

🔹 Apple Podcasts: https://podcasts.apple.com/us/podcast/best-advice-podcast-guys/id1729063229

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🤝 Get Personalized Financial Guidance:

📌 Learn about the SFM process: https://www.sfmadvisorgroup.com/

🔔 Subscribe for More Expert Insights: https://www.youtube.com/@BApodRob

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