294. What Flying a Plane Teaches Us About Financial Risk

In this episode of the A Wiser Retirement® Podcast, we cover how principles from aviation, like threat and error management, proactive and reactive planning, and strong team communication, can be applied to personal financial planning. Casey Smith is joined by airline Captain Evan Bogan to explore how pilots handle unexpected challenges and how families can do the same with their finances. From building a rainy day fund to managing opportunity money and avoiding unnecessary fees, they offer valuable insights for anyone looking to strengthen their financial flight plan.

Related Podcast Episodes:
- Ep 253: Navigating the Future of the Airline Industry
- Ep 264: Shaping the Future of Aviation: Key Leadership Skills for Pilots
- Ep 194: Delta, American & United: Who's Got the Best Pilot Retirement Offering?

Related YouTube Videos:
- New Delta Airlines Nonqualified Deferred Compensation (NQDC) Plan for Pilots
- Pilots: Roth or No Roth... That's the Question
- Why Financial Planning is Different for Pilots

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- About Wiser Wealth Management
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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Chapters

• 0:00 Having a Plan B Ready
• 0:42 Introduction with Airline Captain
• 1:39 Aviation Safety and Boeing Crash Discussion
• 7:59 Threat and Error Management Concepts
• 14:09 Proactive Financial Planning Strategies
• 16:33 Reactive Planning for Unexpected Events
• 20:24 Five Core Skills for Decision-Making
• 34:19 Pilot Career and Retirement Planning
• 44:10 Episode Wrap-up and Resources