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.


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More About This Episode:

All too often, people think they can just do the same thing their parents did and be able to enjoy a smooth retirement, but so much has changed that doesn’t really allow for the same approach to retirement. Let’s talk about some of the areas we’ve seen the most change and how it impacts your bottom line when it comes to financial 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



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Episode Transcription:

(Note, this is an automated transcription. Please forgive any errors.)

Walter Storholt  00:00

You know, every generation likes to talk about how much harder things used to be back when they were kids like all the people who used to have to walk five miles to school in the snow uphill both ways. We’ve all heard those stories before. But they had at least one thing that was easier in prior generations. And that was retirement planning. We’re gonna talk about why, why it’s harder today, and what you can do about it on today’s episode, stay tuned. On other pilots advisor episode is upon us, Walter Storholt. Here alongside Ryan Fleming and Ryan, you are the pilots advisor, my friend, we talked on the previous episode about your new background so pretty, I’m curious, I see the FedEx plane, I see. I’m guessing the True Blue is your time at Air Force. And back when you play football, since there’s a football player on the image there, but over your left shoulder to the right, where the audience is looking. Is that just a picture of an airport? Or what’s the significance? Good?


Ryan Fleming  00:55

I guess I gotta turn around and kind of work with you here. Yeah, so


Walter Storholt  00:58

you can see. Yes, that one that is


Ryan Fleming  01:01

actually a picture of the Air Force Academy with the cadet chapel. And there’s Okay, one be Lancer flying over it. So that was a picture from my graduation year that we have. Nice. Good to see 17 here.


Walter Storholt  01:17

That’s just a cool photo there. Yeah, the one with the airplane coming straight at you. That’s just tough.


Ryan Fleming  01:22

And then the funny part is the true blue poster back here. That’s actually me. I was. Of course, I got made fun of by all my teammates that year, because I was going into our senior year, and I was an all American candidate. So I was the they normally don’t put a person on the poster that has the schedule. And they decided to put me on the poster that year. So it’s cool that I have it now. But yes, I got a lot a lot of slack. From all my all my teammates


Walter Storholt  01:50

paid for it. What are they doing put in a tight end on the poster? Well, to make


Ryan Fleming  01:55

matters worse, I’m sure if you know a lot of a lot of teammates have had are now airline pilots. So they’ll get to see this and like oh, look at Fleming.


Walter Storholt  02:01

But yeah, it’s fantastic. Well, for our audio listeners, they’re not getting anything out of this conversation. Sorry, guys, you gotta go to YouTube, if you want to see the visuals of of Ryan’s new background and the pictures and the planes that we’re talking about. But anyway, I was just curious what that one was over that one shoulder. So neat shot of the Air Force Academy in the chapel there like that. That’s very cool. Well, hey, let’s talk about retirement planning harder than it used to be Ryan. And this is a big one, because some people actually will just sort of plan their retirement based on what they’ve seen maybe family members go through in the past, and then they’ll kind of plan off of that experience. But that’s kind of a fool’s errand, isn’t it? It


Ryan Fleming  02:37

really is. And this environment has changed so much. I mean, if you look at, you know, our grandmas and grandpas are, you know, we’re always going to talk about the airline industry, it used to be very, very easy. I mean, you went and worked for that same company for 30 years, you got your pension, the pension was set up to not have to really change your lifestyle much at all into those retirement years. And it was gonna be there until the day you passed. But so many things have changed. I mean, pensions are basically going away. They’re gone from all the airline, airlines, except for the cargo carriers, FedEx and UPS, but job stability, company loyalty, so many more things are getting outsourced now, you know, it’s all about cheaper, better or more, more stock, you know, for the excuse me, the stockholders it’s all about the stockholders. Well, that’s


Walter Storholt  03:30

a great place to begin, Ryan, because I mean, people used to take a job and work it for, you know, 30 years, 40 years, and they were done. And that was it. And now people bounce around even I imagined pilots might bounce around a different airlines, different companies. Some are split career between military and then maybe a post military career with an airline. So even in the airline industry, I would think that that job stability in that company loyalty is not there like it used to be. Yeah,


Ryan Fleming  03:56

and it’s kind of an interesting dynamic right now, because as far as being a career field pilots are in high demand, we’re getting paid pretty well. When you look at inflation, though, it’s still much less than the airline industry of the 80s and 90s. That was like the good time to be a pilot, where you’re, what you were getting paid, and you looked at how much things cost. You were you’re probably in a much better situation. However, with cost cutting, and everything that’s going on, a lot more jobs are being outsourced. So when airlines are negotiating these contracts a big thing in today’s world scope, you know, haven’t scoped to make sure you have a job, because hey, Delta Airlines, hey, Southwest, whatever it might be, how can we make sure that delta pilots are going to fly those routes, and it’s not going to be outsourced to some other company that they can do it cheaper. It’s a big thing. Housing market stability, I mean, look at interest rates right now. You might have to move but what people lost half of their buying power just in the past year and a half. his interest rates are so much higher. I mean, you want to talk about a big player, because people aren’t selling their houses right now. I’m sure you’ve probably gotten a little of that with your recent move. Sure.


Walter Storholt  05:09

We saw the increase in we traded in our two point 2.7 or 2.6% 15 year mortgage, and unfortunately, had to trade that in for something in the fives. We luckily made that change before then things popped into the sevens and eights. But yeah, we definitely went through that.


Ryan Fleming  05:27

Yeah, absolutely. And, you know, like, 1020 years ago, God 5% would have been amazing. And now people are like, barely, you know, got in. Yeah.


Walter Storholt  05:36

And to but to be fair, like, yeah, we have lived in a time before where 1314 15% On Homes was a thing. But their total cost was also quite a bit less than what we’re seeing. Yeah, Sue. And so that percentage on a half a million dollar home rings very differently, I think, than it did probably back in the 80s. Yeah,


Ryan Fleming  05:55

13 to 14%. When you’re buying a house, it’s 130 grand is a totally different aspect than what we’re dealing with now. And


Walter Storholt  06:02

even with maybe higher salaries and whatnot. Now, it’s still different. And they’ve


Ryan Fleming  06:05

actually done a lot of studies on that recently, where the idea of homeownership is becoming less and less of a thing now, where it used to be the American dream, hey, I’m in my 20s, or 30s. And I’m going to finally go ahead and buy my first house, with interest rates, where they are and how expensive real estate is. It’s getting harder and harder to actually do that.


Walter Storholt  06:26

Yep, absolutely. That could be a whole podcast on its own. I’m sure. It’s something else I think about a lot to Ryan about how maybe the past is a little bit different from our current years would be, you know, in the past, and you alluded to this with the pensions, but it’s this broader concept that we just didn’t have to rely on our personal savings. So much a lot of the saving was taken care of, for previous generations with those pensions and your personal savings were a little bit of an afterthought, where now it’s really that’s the bulk of what you’re going to live on.


Ryan Fleming  06:54

Well, and sadly, that is the reality. And we don’t have a lot of personal education on how this has happened. So what has happened in the industry is pensions went away. And you know, they’ve they’ve put up these 401k is that we don’t have a lot of generations that have gone through this. And so a lot of the airline employees out there, a lot of our pilots, they don’t really know what they’re doing. And when I start telling people how much you have to save for that income replacement at a safe withdrawal rate, it blows their mind. For every million dollars that you have saved, it’s only going to spit out about 40 or 50 grand a year. I mean, that is insane. And when it when people hear that, that that fact they go, Wow. And without a pension, you realize you got a lot of saving to do if you don’t want your quality of life to diminish or go down in retirement.


Walter Storholt  07:46

Okay, so the people that are starting to save in that million plus world are not going to typically be spending only $40,000 a year on their lifestyle, they’re probably going to be used to living on a lot more than that. So that is a big eye opener.


Ryan Fleming  07:59

Let’s do the math, Walter, and I’m gonna put you on the spot to do some math, you want to get your calculator out, or you think you got this. I’ve already clicked on it. I’m ready. So I do I talk about this. I go okay, well, great. Your family is living a lifestyle right now. And let’s say this particular airline pilots making $300,000 a year, okay, I’ll take it. And we’re not even taking into account taxes and inflation for later on, because we don’t know what those are gonna be. All right. But just at a $300,000 level, how many millions do they have to save to try to keep that same lifestyle in retirement?


Walter Storholt  08:30

Like, like, I’m trying to replace $300,000 a year?


Ryan Fleming  08:34

Yeah. So a million dollars up for grabs? $6 million


Walter Storholt  08:40

or more? That is? That is a lot, Ryan, that’s hard to wrap your brain around. That’s the reality. Yeah, it’s a lot of money to be prepared for to handle and to save up on the front end and not be spending it enjoying your life along the way. So that’s got to be a tough landscape for people to be in. Speaking of landscapes, there’s also this thought, and I’m curious to know, if you think this is true, that the investment landscape, just the options that were available to people of previous generations, it was a lot simpler, and that that was a good thing. What do you think about that? Was it simpler? And is that a good thing that it was simpler? If so,


Ryan Fleming  09:16

well, this is where there’s there’s some good and some bad, I feel like there’s a lot more investment options out there. Technology is allowing us to do a lot more a lot of different things within portfolios to take advantage of the markets and how quick paced things are. But the problem is, because there’s so many more things out there. I think that investors get overwhelmed, they get confused, they get taken advantage of and it’s really hard to not notice that squirrel of Bitcoin or whatever it might be that they want to speculate and gamble their money over there. So it’s good and bad. I think having a lot of options has brought down expense ratios on what you can invest in, there’s easier access to the markets, but it’s a lot easier for you to throw Retirement away, making mistakes trying to do it on your own as well. Yeah,


Walter Storholt  10:03

it’s a good point. All right. What about, we talked about this a little bit with the higher interest rates on a previous episode. In terms of an income planning mistake, we’ve covered that before. But that’s definitely a way that things have been a little bit different in the past. But we’ve also seen this be up and down, we were just talking about mortgage rates, specifically, how that’s changed over the decades. Well, I


Ryan Fleming  10:24

think the biggest problem I see with this right now like today, is I hear high interest savings account all the time. Okay. And what it is people are very content, putting their cash or putting their money in a high high yielding savings account, because it’s giving them 5%. Okay, and


Walter Storholt  10:43

comparing compared to the points, point, one we were getting there. The problem with


Ryan Fleming  10:48

that is that it’s still a broke mindset. And what I mean by that is, you are still going broke very safely, because the cost of capital is that 5%, banks have to give you that much just to hold your money, because that is the cost of capital. Now as interest rates go up, the expected return within the markets go up as well. So by you putting your money in at 5%, you’re still holding that same baseline. And it’s based off prime and adjustments where interest rates are, banks are only paying that to you because they have to, okay, but you are still going broke very, very safely. And so when we think about long term investing, you have to let your money work for you, you have to get that long term growth to get that $6 million that we’re talking about, if that’s your if that’s your number. Now, for airline pilots, it’s a little bit better, because they have these companies that are putting in 17 18% of whatever you make, okay, so they’re really helping you to get to that number because they took away your pension. Imagine the guy off the street that has his own 401k Or is having to save for himself. When you don’t have any company matching. That’s a big number to get to. It


Walter Storholt  11:59

is hard, hard to pile it up. Hey, real quick break from the podcast, we want to talk to you about the retirement toolkit. If you have not gotten your copy yet have the toolkit. Listen up closely because Ryan is gonna give us the details of what’s in the toolkit. You even have one on hand Ryan that we can show people and some of the things that are inside of it, and what kind of information can people learn?


Ryan Fleming  12:18

Yeah, absolutely. If you go to retire, you can get a free retirement toolkit and will actually give you a free analysis of your portfolio so you can really see what’s going on. But as you can see, we got some air mail here. Nice. That’s what the toolkit looks like some of the things that are in there. There’s a couple of tax planning strategies with Zack Smith, the pilot tax, we look at long term records where we’ve got a 21 year track record of outperforming the s&p 500 get certified, we can show you that. And of course, I write these with big Kranz, big fat France for pilots. I mean, there’s some Marines and army aviators out there. But I got a couple of books, a couple of books I’ve written that you’re gonna get to talk about retirement planning how you shouldn’t plan for your retirement, talking about taxes and tax planning, some other goodies, other goodies, advice matters, how to let an adviser help you out some of the data behind how much more you will have in retirement, if you hire a professional, what we try to do is to try to get pilots not to speculate and gamble their money. And what I want to give you all the tools, you need to not do that. Look at the data. It’s completely free. We’re here to help you out. Very cool.


Walter Storholt  13:31

So this is a free toolkit that you’re going to get. And I don’t want to gloss over that fact that you mentioned at the beginning. It also comes with a free portfolio analysis that you’ll do after people get the toolkit. Yeah,


Ryan Fleming  13:41

absolutely. I mean, if you have no interest in doing anything else, and you just want the freedom materials, I’ll put your name right here, we’ll send it out to you. But yes, you do get a free portfolio analysis, I think most of the people after they see the content that’s in there and read the book, they want to they want to talk to us, and we can analyze your portfolio. See if we can add any value, the numbers don’t lie. I mean, we’re gonna find out if we can add value. And we’ll get on a zoom call with you. We’ll go through it, we’ll teach you we’ll show you the numbers. And I like to call that the IQ test. At some point, the numbers don’t lie and you look at and go, Hey, if we can help you out, you know, and do something better if there’s a better way. Well, let’s help you implement that strategy.


Walter Storholt  14:20

Very good. So no obligation to work together. But you definitely get the free toolkit, great resource information. And then if you want to take next steps for that portfolio analysis, you get that as well. So a lot of great freebies there, Ryan, we appreciate you offering those to folks in the first place. I know a lot of people throughout the existence of this show have ordered them over the years, but we’ve still got a good chunk of folks that probably are new to the show, or haven’t gotten their copy of the retirement toolkit, so be sure to get yours again. The way to get it is to go to retire That’s retire And right there on the homepage, you’re gonna see an opportunity to get that toolkit. We’ll also link to it directly in the description of today’s episode. So look for it there as well. That’s your Retirement toolkit here on the pilots advisor. Thanks, Ryan. We’re talking about past generations how it compares to planning for retirement nowadays, the big differences, are they good bad? What about lower health care costs certainly was a lot less expensive. When prior generations were going through retirement one just cumulatively, they weren’t living as long. So it just wasn’t expensive to live that extra 30 years from a healthcare standpoint, and I guess the cost of procedures maybe was less back then as well. Well,


Ryan Fleming  15:26

we’ve we’ve beat up inflation and interest rates, we beat that up, but let’s talk about that. Health care costs are skyrocketing. Okay, so not only is the cost of care getting so out of control, but what’s what’s in, our health care systems gotten better, and people are living longer, which all sounds great, except for now, you have to plan for that 30 or 40 year retirement or you have to have enough money to live off for 30 or 40 years before you pass. In previous generations, you had a much shorter life expectancy, which, you know, is why pensions probably worked out, okay, you you retired and you maybe live for 10 or 20 years, well, that’s changed. And so not running out of money in retirement is a huge thing. And it’s just an even steeper hill to climb in today’s generation. And, you know, I’ll throw in Social Security there as well. Social Security used to be a thing that worked out well. And it was a big income replacement vehicle, because people weren’t living that long. But now people are living longer and longer. So they’re drawn off Social Security, More and more. And the baby boomer generation, they’re not paying into Social Security anymore. They’re retiring 10,000 Baby Boomers, I think it’s like a day or so there’s some crazy, yeah, it’s crazy. And they’re all pulling from Social Security. So we have a big, big problem where not only is Social Security going to get reduced, it’s going to have less and less of an income replacement ratio that we were hoping for.


Walter Storholt  16:59

Think about that. It’s a great point, I think about my my wife does not contribute to social security. In her job, they have separate I guess, what a 401, a plant that they use. So just a totally different design and structure. And yeah, it’s hard to think of the ramifications. Well, maybe it’s not that hard to think of the ramifications of all of that in the future physicians and I hate writing’s on the wall a little bit. I


Ryan Fleming  17:21

hate to say it, but if I had the option to not pay Social Security, I would be better off saving my money and doing it on my own and hoping I get some of it later on.


Walter Storholt  17:29

Absolutely. And yeah, who wouldn’t make that trade. And I don’t


Ryan Fleming  17:32

like to talk about politics. But when we look at legislators and what’s going on in the in the direction of our country, I really think not only is it going to be reduced, but it’ll probably be means tested at some point. You know, Walter, you’ve done a great job of saving and doing all this stuff, you don’t really need that Social Security you paid into and got taxed twice on already. You don’t need that. Let’s give it to the Joe over there. He hasn’t worked a day in his life, he needs it


Walter Storholt  17:55

tax it again. All right, or something. Yeah, I like that. One other little element I can think of here too. I’m curious Ryan, since you work with pilots everyday, if you’re seeing that in the pilot community. And it’s this concept of sandwich generations. So where the parents are moving back in with the children, while the children are also maybe still taking care of their children and have them on the payroll. So the the three generations living together, or even if they’re not living together, maybe that middle parent could be a young baby boomer or somebody in that middle range, still taking care of both generations on either side of them. There’s


Ryan Fleming  18:29

some scary stuff going on in the world, it really is I sees the family dynamic right now. You know, we talked about sometimes how it skips a generation, I think I see a lot of successful airline pilots where they’re, they paid for the kids to go to school, go to college, they’ve graduated, and suddenly they’re living in the basement back at home. You know, and there’s, and there’s lots of reasons for that. I mean, interest rates are really high, it’s harder to buy your own house or you know, rent rental costs are high in this environment. You know, you can get a job, but that job is still not going to be paying a lot more like it used to were, you know, now on top of that you might have student loan debt that you’re dealing with. So I’m not saying it’s, uh, you know, it might be a harder situation for individuals growing up right now. But you can’t sacrifice your own retirement to continue to take care of your children. And that’s what I worry about what I see with a lot of a lot of my clients where they are, they’re bringing their kids back in, they’re still paying for their kids, they’re still paying for their cell phone bills, insurance, you know, and they’re not able to save for themselves to make sure that they’re going to be okay in retirement with the hope or understood conversation that their kid or their kids will take care of them. Once they get, you know, where they need that long term care. Well guess what can I get that writing? Because


Walter Storholt  19:49

and then many people are still also taking care of the adults in their life, their their grandparents, their parents? Absolutely. And so you’re also trying to help out that generation that took care of you helped you out. But yeah, when you’re reaching both directions, that’s got to be really taxing on folks. Yeah,


Ryan Fleming  20:05

for sure. And I mean, it’s it’s it’s definitely scary times and we haven’t even talked about our national debt and how that could affect things going forward.


Walter Storholt  20:14

Yeah, yeah, go go kind of point back to that same conversation with Social Security and how that plays into it, and taxes and all those kinds of things. Definitely didn’t have the debt where we have it now. Yeah. For some of those prior retirement,


Ryan Fleming  20:26

I still think about tough love. Because I talked about that a lot. My job is to be honest with my clients or prospects and say, Hey, you’re behind your head, you know, whatever it might be. And I still remember what my dad said to me when, you know, I was had graduated from school and everything else. And he said, Yeah, son, you can come home, you can live in the basement. And I was like, Well, Dad, we don’t have a basement. He goes exactly. And so I got, I got it early on, I go, Okay, I’m on my own now. So I love


Walter Storholt  20:55

  1. Yeah, I got the message to when I moved to college. And then when I came back home, for the first time from college, I had like Thanksgiving that year, my room had been turned into the guest room, like it didn’t have any person out any of my personality left on it, it was totally, totally


Ryan Fleming  21:09

changed back then we had keys to our house, and suddenly the locks are changed. You know, there


Walter Storholt  21:14

you go. Yeah, I got the message pretty loud and clear. So which is probably the best thing they did for you. Oh, absolutely. No doubt about it. And it was really cool to be able to then like, I mean, I took a lot of pride. And then eventually, I’m sure you had the same thing you come home visit and data, subsea 20, or something out the door, you know, a or some gas might take care of this. And I took a lot of pride. And when on the day when he went to hit me up when I finally said, I’m good, you keep it that you keep it for gas, you know? Absolutely. That’s, that was a badge of honor to be able to do that. Yeah,


Ryan Fleming  21:47

before my dad passed, when we went out, I bought, like, I took him to lunch, I took him to dinner, because you know, it’s given back for all those years that, you know, they teach you to be a contributing members to society. And, and I do think there’s pride in that, where, hey, now now it’s switched. And I’m gonna take care of


Walter Storholt  22:03

Yeah, it’s funny that you say that. And this could lead us down a whole nother tangent, but I just feel like I have to strike on it. And then we don’t have to belabor the point. But it’s just really funny that you use that verbiage. You know, growing up, my mom would always say we, you know, like, what do you what do you want from me? Or what do you want out of being a parent, and she’s like, my job is to make you a contributing member to society. So it wasn’t, I want you to be happy. It wasn’t any of that she now she’s HR, and she was very matter of fact, about a love those kinds of things. But I thought it was I think that’s important. Like, first, I want you to be a contributing member to society, you know, well,


Ryan Fleming  22:37

and we’ve changed what you put us, you know, now it’s so gray, I want you to be happy, I want you to feel, you know, whatever chase your dream might be, I never got that it was you know, I want you to stand on your own two feet, I want you to have it better than I have it. And I want you to be a contributing member to society. And there was a lot more of that, you know, kick kick me out of the nest, and I eventually figured out how to fly versus the little bit of the mentality of the failure to launch now like, oh, you can stay here. It’ll be fun.


Walter Storholt  23:08

Yeah, it’s got to be tough. I mean, I’m not a parent yet. And maybe you’ve dealt with these challenges, Ryan, but it’s, it can be tough to see, I would imagine your kids go through pain. And I think you don’t want them to have to experience that. But then when you have so much pain avoidance, you’re just you’ll learn so much through pain and discomfort and unfortunate circumstances and things not going right. So but when you eliminate all of that pain, and all of that bad stuff from life, that makes it even tougher to deal with it, when reality still hits you. Exactly


Ryan Fleming  23:37

right. And if you truly love them, you want to have them go through that pain, where you’re still there watching, you know, you still got the kind of the bumpers on the bowling, you know, laying there to make sure they don’t don’t go sideways and off off on the edge. But I mean, learning how to deal with difficult circumstances. And I mean, that’s that’s a huge part of learning how to deal with life, because you got to get knocked down and get back up. And, and I would encourage anybody out there to be tough on their kids, because if you’re tough on them, they’re actually going to deal with life a lot better. All right. Well, that’s


Walter Storholt  24:11

a perfect segue into our final point, Ryan, as we’ve been talking about how previous generations had retirement planning a bit easier than we do today. And this last one is about education and financial literacy. And there’s a school of thought that it was easier to achieve financial literacy for prior generations. Would you agree with that? And what do you think about that goal of someone to achieve literacy these days in retirement planning? Seems like you talked about all these other options and moving parts out there. It is probably a little tougher to do well,


Ryan Fleming  24:39

that’s why it’s so important for me to educate my my clients, my prospects, because you can’t turn on the news. You can’t turn on Fox Business or you know, whatever the show is and get facts. It’s all fear and greed. You need to go to the academics and the books of how things work and we don’t do a good job of teaching them personal finance and schools. I think it goes all the way back to that. I mean, you look at all these junk classes that we have kids take. And really personal finance is probably one of the most important things. So we got to get a lot better at educating our youth on finances, financial issues. And there’s so much data out there now online, that you don’t know what’s right and what’s wrong. I mean, you can look up anything and find 100 points for it, and 100 points against it. And so it’s really hard to navigate nowadays, I think it’s with the influx of information, it’s much, much more difficult. Yeah,


Walter Storholt  25:32

I would agree with that. It was kind of nice when our options were limited a little bit. In some of these ways. Like you said early in the episode. There’s trade offs to all of these things. But that’s one area where I definitely see that trade off in a big way. Absolutely. Well, if you need help with financial literacy, Ryan provides a lot of different ways that you can get that financial education. We talked about the retirement toolkit a little bit earlier on in the show. But don’t forget to get your copy of that if you’ve never ordered one. It’s got books, it’s got special reports, lots of great information in there as well. We’ve got past episodes of this podcast that you can watch or listen to, and learn lots of great different elements of the retirement financial planning world from all sorts of different angles. If you want to learn about taxes, Ryan’s done a couple of great series with Zack Smith of pilot tax, talk a little bit of that angle. Just a couple of examples of the educational resources that Ryan offers. There’s more at retire So go poke around there, check out some other great things that you can learn about and add to your own financial knowledge. And you can always get in touch with Ryan directly by calling or texting him and asking your personal financial and retirement questions at 843-475-3038. That’s 843-475-3038 And again, retire all the contact information is in the description of today’s show. So whether you’re watching on YouTube or listening on your favorite podcasting app, you can find those resources there. Ryan, you are the pilots advisor. Thanks for the great advice today and the advice and I’ll talk to you soon my friend. It was


Ryan Fleming  26:58

good talking to you, Walter. I hope we didn’t sound too much like the old, bitter old man. But I think it is good to talk about how things have changed. Instead


Walter Storholt  27:06

of back in our day. It was in our day right now we have these problems. Yeah, we might have been a little complaining today, but that’s alright. I think other people will will jump on board with us on that good combo. Awesome. Thanks, my friend. We’ll talk soon this has been the pilots advisor. Thanks for listening and watching and we’ll see you next time.