One of the most common questions we hear from pilots as they reach the end of their career flying the line is: Am I ready to retire?
The answer to this question of retirement readiness is different for everyone. We’ve been in this business long enough to know that the only way to truly determine if you are ready is to have a plan in place that looks at all the variables involved in your upcoming life in retirement, including your expenses, income, plan for your estate, and your overall goals and dreams.
Our team of retirement planning experts will help you evaluate each of these factors and paint a clear picture of where you are in terms of your retirement plan, as well as provide strategies for how to make your goals for your golden years a reality.
How Much Is Enough?
Many soon-to-be retirees worry that they haven’t saved enough. Whether you are working toward an early retirement or plan to fly until age 65, your savings are a key factor in understanding whether you can expect to live a comfortable lifestyle once you are no longer working.
We will complete an in-depth analysis and provide you with detailed information about how much your retirement will cost and how that compares to the income potential from your investment accounts, assets, and benefits. This will leave you with a clear understanding of your situation and knowing that when you are ready to retire, you can do so with confidence. Rather than worrying if you have saved enough, you’ll be able to focus on building your dream home, traveling with your spouse, or spending time with friends and family.
Required Minimum Distributions
Several retirement accounts require you to take a portion of your savings out each year once you reach a certain age. These required minimum distributions, also known as RMDs, are an often-overlooked part of retirement planning.
Our team pays close attention to these yearly distributions to ensure you remain in compliance with regulations without compromising your savings or plans for the future.
Request a Pilot Retirement Planning Guide
This guide is designed to help you understand the decisions you will need to make as you approach retirement and the factors that go into a comprehensive retirement plan. It includes:
- A checklist for transitioning into retirement
- Common investor pitfalls
- An outline of your retirement benefits
- A retirement timeline to help you know what to expect
- Key topics to consider in your estate plan
- The importance of survivor assistance
Request the guide to find out how prepared you are for retirement.