Financial Planning for Firefighters: Insights from Chris Bauchle

Episode Title: 

Hosts: Tyler Thrush and Mike Webb

Guest: Chris Bauchle, Firefighter and Certified Financial Planner

Summary: In this episode, Tyler Thrush and Mike Webb sit down with Chris Bauchle, a firefighter in Indianapolis and a Certified Financial Planner (CFP). Chris combines his unique background in both firefighting and finance to provide specialized retirement planning for first responders. This episode explores changes in 457 plans for 2024 and offers valuable financial insights for firefighters and police officers.

Key Points:

1. Introduction to Chris Bauchle:

   • Chris is a firefighter in Indianapolis with a decade of service, following ten years as an Air Force firefighter.
   • He holds a master’s degree in finance and is a Certified Financial Planner (CFP), specializing in retirement planning for first responders.

2. Financial Planning Background:

   • Chris shares his journey into financial planning, highlighting the lack of tailored financial advice for firefighters and police officers.
   • He explains the importance of specialized financial planning for those in public safety roles.

3. Changes in 457 Plans for 2024:

   • The discussion includes an overview of the 457 plans and upcoming changes in 2024.
   • Chris provides insights into how these changes will impact retirement planning for firefighters.

4. Unique Financial Challenges for First Responders:

   • Chris talks about the unique financial challenges faced by first responders.
   • He emphasizes the need for comprehensive financial education and planning tailored to their specific needs.

5. Insights and Reflections:

   • Chris offers practical advice for first responders on managing their finances and planning for retirement.
   • He reflects on his dual career and how it has equipped him to serve his community better.

Conclusion: Chris Bauchle’s dual expertise in firefighting and financial planning provides a valuable perspective on the unique financial needs of first responders. His insights into changes in 457 plans and tailored financial advice offer critical information for those in public safety roles.