Join Timothy P. Pope, CFP®, as he delves into an intriguing financial analysis in this solo episode of the Pilot Money Podcast. Drawing from the energetic discussions with Jason DePew on achieving early financial independence, Tim pivots to a scenario that many pilots might ponder: Can relying solely on company contributions suffice for a comfortable retirement? This episode unpacks the realities of pilot contracts, company contributions, and the lifestyle choices that affect financial planning for retirement.

Tim breaks down the specifics of retirement contributions among major carriers, exploring whether pilots can safely depend on these contributions to sail smoothly into retirement without additional savings. With detailed assumptions and a step-by-step analysis, Tim aims to answer a question that challenges conventional retirement planning wisdom.

What You'll learn from this episode:

• Understanding Retirement Contributions: Insights into how major airlines structure their retirement contributions and what that means for you.
• Analyzing Financial Independence: A critical look at the feasibility of relying solely on employer contributions for retirement, considering different career lengths and lifestyle choices.
• Strategic Financial Planning: Learn about the impact of early savings versus relying on late career “catch up contribution” and how compounding plays a crucial role over time.
• Real-Life Financial Modeling: Tim shares his process for modeling retirement scenarios, providing listeners with a framework to apply to their own financial planning.
• The Importance of Personal Contributions: A discussion on when it may be necessary to go beyond company contributions to ensure financial stability in retirement.

Join Tim as he navigates through financial models and provides pilots with the tools and insights needed to make informed decisions about their retirement planning. Whether you're early in your career or nearing retirement, this episode offers valuable lessons on preparing for your financial future.

Resources:
Schedule An Appointment
Our Practice’s Website
Email: pilotmoneypodcast@ceterainvestors.com

Disclosure:
Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim’s Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900.

The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.

This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.

Join Timothy P. Pope, CFP®, a financial planner who specializes in the planning needs of professional pilots, as he welcomes Captain Jason DePew to the Pilot Money Podcast. Jason DePew, a captain at a major airline and personal finance enthusiast, shares his journey towards financial independence.

This discussion is not just about numbers; it's a deep dive into the disciplined financial strategies and mindset that have shaped Jason’s approach, reflecting on the parallels between piloting and financial planning.

In this episode, Jason discusses the importance of knowing your retirement number—the amount you need to sustain your lifestyle once you step away from the flightdeck. He breaks down how to calculate this figure and adjust your savings strategy whether you're decades away from retirement or just rounding the corner.

What You'll Learn from This Episode:

• Calculating Your Retirement Number: Jason explains how he determined the amount of money he would need to maintain his lifestyle if he never flew another flight.
• Embracing Simplicity in Financial Planning: Discover why a simple, disciplined approach to investing can be incredibly effective without introducing complexity in your financial position.
• Building and Maintaining Good Savings Habits: Learn the importance of starting early with robust savings habits, particularly for those pilots 25 to 30 years from retirement.
• Reflect on Financial Decisions: Gain insight into the value of disciplined financial planning and how it can prevent common pitfalls such as lifestyle creep and speculative investing.
• Adapting Financial Strategies Over Time: Explore how your financial needs change during your working years and during retirement: affectionately called the "go-go," "slow-go," and "no-go" years. of retirement and how to plan for these shifts.

Join Tim and Jason for a conversation that blends personal anecdotes with professional advice, illustrating how understanding the fundamentals of finance can lead to financial independence long before retirement!

Resources:
Jason’s Linked In Page
Pilot Math Treasure Bath
Schedule An Appointment
Our Practice’s Website
Email: pilotmoneypodcast@ceterainvestors.com

Disclosure:
Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim’s Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900.

The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.

This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.

Join Timothy P. Pope, CFP® in this relatable solo episode of the Pilot Money Podcast. Tim shares a personal story about his recent close-call with impulse buying. Tim explores the triggers and tactics he used to maintain financial discipline. This episode also touches on Tim’s passion for aviation and his recent flights with his family.

Listen as Tim recounts back-to-back moments of resisting the temptation to clean out the shelves at a local hardware store and avoiding making a fun but untimely large purchase. He shares his strategies for staying true to his financial goals despite strong impulses to buy. This episode is packed with insights on recognizing and managing emotional spending triggers, practical advice on maintaining financial health, and how to involve family in financial decisions to create accountability and support.

What You'll learn from this episode:

• Understanding emotional spending: Learn about the psychological triggers of impulse buying and how to identify your own.
• Strategies to combat impulse purchases: Tim shares effective techniques for resisting the urge to make unplanned purchases, including practical tips like discussing potential buys with family or using financial planning tools.
• The role of communication in financial health: gain insights into how open conversations about finances with family members can help manage spending impulses.
• Reflections on financial decision-making: Tim reflects on how revisiting financial plans and goals can help steer clear of detrimental financial decisions and provides a framework for listeners to apply in their own lives.

This episode not only offers personal stories but also equips you with the tools to navigate your financial journey with more confidence and control.

Resources:
Schedule An Appointment
Our Practice’s Website
Email: pilotmoneypodcast@ceterainvestors.com

Disclosure:
Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim’s Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900.

The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.

This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.