The Pilot’s Advisor Podcast

As a pilot, you've spent countless hours navigating the skies, managing complex flight systems, and ensuring the safety of your passengers. But when it comes to navigating your retirement, there’s often more questions than answers. In this episode, Ryan answers a critical question from a listener about flying until 65 or whether there is flexibility to retire earlier?

Here’s what we cover in this episode:

0:00 - Intro

0:28 – Practice retirement.

2:21 – Social Security.

4:13 – Planning for the unexpected.

5:31 – Taking the first step.

Get your FREE Retirement Toolkit - https://d74164fb.pages.infusionsoft.net/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

As a pilot, you've spent years mastering the complexities of flight. But when it comes to planning for retirement, do you find yourself asking, "How do I know?" Understanding the right questions to ask and finding the answers is crucial for securing your financial future. In this episode, we dive deep into the essential retirement planning questions every pilot should be asking.

Here’s what we cover in this episode:

0:00 - Intro

6:49 – Figuring out how much income you’ll need for retirement.

9:17 – How much should you have in savings?

12:40 – Determining your risk tolerance.

15:28 – Fees.

17:35 – Finding the right advisor.

19:53 – What is Ryan looking for in a client?

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit -  https://d74164fb.pages.infusionsoft.net/ 

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Today we have a special edition of the show where we’re going to share Ryan’s recent appearance on the Wealth Warehouse show with David Befort and Paul Fugere. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism.

Here’s what we cover in this episode:

0:00 - Intro

2:37 – Your 401k custodian

5:23 – What drew Ryan to infinite banking?

9:32 – Life insurance considerations

14:13 – Planning for retirement

18:32 – The retirement toolkit

22:15 – Setting up your children for financial success

27:53 – Getting the government out of your finances when possible.

Check out the Wealth Warehouse YouTube channel: https://www.youtube.com/@Thewealthwarehousepodcast

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Pilots are always looking for investing strategies that can help them grow their money and we’ve introduced quite a few people to Howard Capital Management. Today we are going to share our experience with their investments and why it might be worth considering if you want something a little different than the traditional funds.  

Here’s what we cover in this episode:

0:00 – Intro

1:35 – Howard Capital

4:17 – A different approach

7:59 – Managing expectations

15:11 – Equities vs real estate

17:11 – Embracing volatility

Connect with Lee: https://www.leehyder.com/ 

Learn more about Howard Capital: https://howardcmfunds.com/ 

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

As we move past Memorial Day and into the summer, we’re excited to welcome back Lee Hyder of Lee Hyder & Associates today to reflect on where the market currently stands and the investing strategies pilots should be focused on for long-term success.

We always appreciate the perspective Lee brings to the show and wanted to get his deep thoughts on a few different topics. During this episode, he shares his insights on diversification, the importance of staying in the market, and the pitfalls of emotional investing. Plus, we dive into some amusing personal anecdotes and Lee's take on Bitcoin.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:17 – Memorial Day recap

7:41 – What’s going on with the market

11:17 – Investing inefficiencies

15:13 – Recent flight experience

19:13 – Secrets to building long-term wealth

27:26 – What makes investors unhappy?

31:40 – Bitcoin

Connect with Lee: https://www.leehyder.com/

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Retirement planning doesn’t have to be overwhelmingly complicated. In fact, it doesn’t have to be as complicated as most people tend to make it. In this episode, we’re going to unravel some of the unnecessary complexities that are often woven into the fabric of retirement advice.

Ryan will debunk some of the myths, simplify some strategies for us, and uncover the beauty of simplicity and straightforward planning. Pilots need to create redundant systems in retirement planning like they do when flying, and that's what we want to highlight today. 

Here’s what we cover in this episode:

0:00 - Intro

0:55 – Update on Ryan’s mom

2:57 – Who is responsible for complicating things?

6:54 – Traits that pilots possess

8:50 – Where pilots trip up the most

14:55 – Steps to simplify things

20:32 – How we help pilots simplify

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Some people just need a reality check when it comes to understanding their retirement. Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial.

We’ll take a look at four different examples of times when expectations don’t match up with reality for pilots, and Ryan will share his expertise to help you get a better understanding of the complexities that we address in planning.

Here’s what we cover in this episode:

0:00 – Intro and personal up

2:06 – Manage your expectations

6:02 – Changing expenses

12:05 – Making adjustments

14:04 – Don’t be too proud to get help

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.

Here’s what we cover in this episode:

0:00 – Intro

2:21 – Change from generation to generation

3:30 – Company loyalty

4:51 – Housing market

6:30 – Reliance on personal savings

8:58 – Investment options

10:07 – Interest rates

15:03 – Healthcare costs

18:00 – Sandwich generation

24:11 – Education

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Are you planning for your retirement with the confidence that you're making all the right moves? In today's episode, we'll unveil the crucial income planning mistakes that could jeopardize your retirement. Tune in to ensure your retirement strategy is foolproof against common pitfalls and ready to secure your financial future.

Here’s what we cover in this episode:

0:00 – Intro

4:38 – Planning to be retired for years instead of decades

6:39 – Starting Social Security too early

11:59 – Assuming bonds will be your main source of income

14:06 – Ignoring the impact of inflation

17:19 – Forgetting to create lifetime income streams outside of Social Security

17:19 – Failing to review and adjust your plan regularly

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Being a better investor doesn’t require you to spend hours and hours researching the latest trends and market data. The most important change people can make is taking emotions out of their decision-making. It’s much easier said than done, which is why we see people make these same emotional mistakes time and time again.

We’re excited to bring on Lee Hyder of Lee Hyder & Associates today to discuss this common challenge that pilots and other investors face when managing their finances. Why do we repeat these mistakes and what can we do to remove emotions from our investing? We’ll explore that in this video and provide you with some guidance on how to overcome this emotional pitfall.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:22 – Emotional investing

2:32 – Being active doesn’t mean more success

6:30 – Advice for pilots

9:00 – Watching someone make mistakes

Retire Pilots - https://retirepilots.com

Get your FREE Retirement Toolkit - https://bit.ly/3ZmZsaX

Pilot Tax - https://pilot-tax.com/

The Pilot's Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2