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Resources for Our Retirement Flightplan


One can hardly miss the fact that there are a great many folks in the financial services industry who are anxious to help us retiring "baby boomers" with our retirement planning.  Prudential, Lincoln Financial, and other large firms are saturating the media with ads offering to help us achieve the good life.  Of course as a by-product of that we will also help them achieve their own good life.  I suspect that all of those firms can offer good advice to retirees, but we can probably achieve our goals for less if we are willing to do a little research of our own.  I would encourage you to consult a Certified Financial Planner if you want some help; I have.  There are plenty out there who will work with you with your well-being foremost in mind.  Here are some other resources that I am finding useful as I develop my flight plan for retirement.

  1. Type retirement planning into Google's search window and you will get about 15,300,000 hits!  To say that the web has a few resources is a gross understatement.  I want to discuss a few of these sites in a later post; today I will mention only two.  One of my favorites is Yahoo finance.  Its section on mutual funds is particularly noteworthy, and its guest commentators offer lots of free advice.  I particularly like Ben Stein.  He is obviously very sharp because I agree with almost all of his ideas (however, be careful when he begins talking about variable annuities.) is another web resource worth perusing.  Go to the Money section and click on Planning where you will find an entire section devoted to retirement planning.
  2. Scott Burns is a financial columnist with The Dallas Morning News whom I enjoy reading.  His column is syndicated to my local newspaper, and I have saved many of his articles.  He is extremely well versed in all things financial.  His usual format is Q&A where he answers readers' questions, and I always find his answers accurate, to the point, and laden with common sense.  You can profit by reading anything by Scott Burns.  Check out his web site at
  3. Here are a few books that I can recommend:  You Can Do It!: The Boomers' Guide to a Great Retirement, by Jonathan D. Pond; The Wall Street Journal, Complete Retirement Guidebook: How to Plan It, Live It and Enjoy It, by Glenn Ruffenach and Kelly Greene; and The New Rules of Retirement: Strategies for a Secure Future, by Robert C. Carlson.  There are many, many others, but I guarantee that you will find these three very readable and informative.
  4. Over the years I have subscribed to a number of newsletters that have proven worthwhile.  My favorite by far is Richard C. Young's Intelligence Report.  I have been a subscriber to Mr Young's newsletter for over 20 years and most of my investments come from his recommendations.  Since I have a 20+ year track record with Mr. Young, I know that he knows whereof he speaks.  He is a conservative investor and believes strongly in the power of compounding through dividend paying investments.  I also subscribe to Morningstar's Practical Finance, edited by Sue Stevens, and to Kiplinger's Retirement Report.  Both of these newsletters focus on retirement planning and are well worth their subscription cost.
  5. No list such as this would be complete without mentioning The Wall Street Journal.  The Personal Journal section in the Saturday edition will often have articles on retirement related issues.
  6. CNBC should be viewed purely for entertainment.  I know, their ladies are easy on the eyes, but their guests have about as much insight into short term market movements as do you.  And almost anyone can point out that long term, the market goes up.
  7. I also subscribe to all of the usual financial magazines: Money, Kiplinger's, Smart Money, etc.  From time to time one can find a gem of an article in one of these magazines.


These sources have proven a good place for me to start as I have been researching retirement issues.  If you have neither the time nor the inclination to do all of the work for yourself, there are any number of good firms who will do it for you, for a fee of course.  Let me emphasize this point; if you do not want to take the time necessary to educate yourself, you would be well served by turning this responsibility over to someone who is qualified to do it for you.  One such firm with which I am familiar is TrustCore, located near Nashville in Brentwood, Tennessee.  Though I have no affiliation with this firm whatsoever, I do know that they are highly qualified, ethical folks who will look out for your interests.  I also know that some of their clients are pilots.  Check out their web site.

I hope all had a Thanksgiving filled with family, friends, and good food.  I was on the third day of a three-day trip.  My day began early in Kansas City, Missouri with a great crew and ended about 9:00 PM with cold turkey and hugs from my wife and daughter.  All things considered it was a great day.

Fly/Drive safe.  Coming soon, "What is my number, and how do I find it?"

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Reader Comments (1)

Hi Mike, I too have been very concerned about retirement my whole career. As a new airline pilot I remember one of the senior guys on the negotiating committee tell me "nothing is forever", when I asked him why we don't make a long-term contract. It was then I began saving for my own retirement. Nearly four years ago, when my carrier was on the ropes, I elected to leave the states and fly overseas. Since then my savings rate has tripled, and when I choose to retire, will retire on a pay raise. I have the opportunity to fly with young men from all over the world and after we talk about family and home life, I always ask them what they are doing about retirement. Most of them have no idea on where to begin or how to acquire wealth. For those of you in the states getting close to 60, there are a multitude of flying opportunities around the world that might be a neat two or three year adventure with your partner....and the pay outside of the US is very attractive. My wife and I are on a 3 1/2 year countdown to returning home and starting a new adventure. I'll be 58 and looking forward to coming back to the greatest country on earth. Cheers! Brian.

November 24, 2007 | Unregistered CommenterBrian Murray

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