The Pilot Money Guys

Why do airlines struggle to make money even when planes are full? In this episode, we unpack the surprising economics behind one of the world’s most essential yet fragile industries. From razor-thin profit margins to the ripple effects of global shocks like COVID-19, you’ll learn why airlines operate on such precarious financial ground and what it takes for them to stay in the air.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/ypwpywzf

What do the new Secure Act 2.0 rules mean for Roth contributions and retirement planning in 2025? In this episode, we explore what pilots and high-income earners need to know about Roth catch-up contributions, required Roth designations, and the risks of in-plan Roth conversions. You’ll also learn how these changes may impact your taxes, your long-term retirement savings, and the best ways to prepare now. 

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/2f6srj8e 

What actually makes for a happy, fulfilling retirement? Is it all about the numbers, or is there more to the story? In this episode, Dr. Michael Finke—professor, researcher, and one of the most respected voices in retirement planning—shares his groundbreaking research on what truly drives satisfaction in retirement. Drawing from decades of data, interviews, and insights from retirees themselves, Dr. Finke uncovers the three essential pillars of a rewarding life after work.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and...

What exactly is private equity, and why is it suddenly being linked to your 401(k)? In this episode, we break down the recent executive order that directs the Department of Labor to explore ways of including private equity in retirement plans. You’ll learn what sets private equity apart from the public markets you’re familiar with, why it excites some investors, and why others aren’t as enthusiastic. 

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/39x...

How can you avoid running out of money in retirement and still live the life you want? In this episode, we break down the most important strategies for sustainable retirement spending. You’ll learn how retirement spending actually works in real life and why your financial plan needs to adjust as your lifestyle and health change over time. Whether you’re a do-it-yourself planner or prefer to delegate, you’ll walk away with practical steps for knowing your expenses, stress-testing your plan, and creating a retirement strategy that helps you spend confidently without fear of running out.

Take T...

Is Social Security really running out of money, or is that just a headline meant to scare you? In this episode, we cut through the noise to uncover the truth about its future, its viability, and how it actually works. You’ll learn how to separate political fear tactics from the facts, why the “trust fund bankruptcy” story isn’t the whole picture, and how your claiming strategy could mean hundreds of thousands of dollars gained or lost over your lifetime.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You c...

Are you wondering what the sweeping changes brought by the recently passed "One Big Beautiful Bill Act" (OBBBA) are? In this episode, we break down the new legislation, providing a clear overview of how it impacts individual income taxes, business provisions, and specific deductions. We'll explain the intricacies of standard deductions, the nuances of phase-outs (and why they're usually bad news!), and the critical updates to the State and Local Tax (SALT) deduction.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more...

What do you do when your aging parent needs care, but you live across the country and don’t know where to start? In this episode, Casey Rausin, RN, CCM, and CEO of HOMECAREceo Forum, joins the show to help answer that question. With decades of experience in advanced aging and lifecare planning, Casey breaks down how her team acts like a “healthcare advisor,” helping families proactively manage aging-related care before it becomes a crisis. You’ll learn why executive functioning is often the first red flag in elderly decline, why it's critical to know your parents’ care team (just like...

Is Medicare more confusing than it should be? If you're nearing retirement or thinking about leaving your job early, the healthcare piece can feel overwhelming and expensive. In this episode, we sit down with Cole Craven, co-founder of Move Health, to demystify the complexities of Medicare, healthcare costs, and early retirement planning. Listen in to learn how to time your enrollment correctly, what your healthcare options are if you want to retire before 65. and more. 

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, r...

Does the phrase “long-term care” make you cringe? If so, you’re not alone, but it’s something we all need to think about eventually. In this episode, we sit down with Amy Arnett, VP of Insurance Solutions at DPL Financial Partners, who brings 36 years of experience in the insurance world to help us understand the evolving landscape of long-term care options. Listen in to learn why insurance isn’t all or nothing anymore and how you can now tailor coverage to your needs and budget.

Take The Pilot Wealth Index to find out if you are on track f...

What is a Market-Based Cash Balance Plan (MBCBP), and why is it becoming the go-to retirement vehicle for pilots at major airlines like Delta? In this episode, we explain what an MBCBP actually is, how it's different from a pension or 401(k), how the investments work, and why pilots need to understand this model to make smart retirement decisions. You’ll hear how funds are pooled, what kind of returns to expect and why the guarantee provided by the airline makes this a powerful planning tool.

Take The Pilot Wealth Index to find out if you are on...

Can a mindset of gratitude really change your financial life? In this episode, we explore how the power of gratitude directly influences your outlook, your decisions, and ultimately, your financial success. You'll learn why slowing down to reflect on what you’re thankful for can actually sharpen your focus and guide you toward a more meaningful retirement. Gratitude isn't just a feeling; it’s a practice that creates clarity, helps you define what really matters, and strengthens your ability to handle life’s challenges with resilience.

Take The Pilot Wealth Index to find out if you are on tra...

What if you're about to retire—and the market takes a nosedive? For those in their 60s, looking toward retirement at 65, market volatility can feel like a punch to the gut. In this episode, we dive into how to confidently retire into a turbulent market, what lessons we’ve learned from past downturns, and why market dips aren’t as rare—or as disastrous—as they seem. You'll learn why diversification matters, how to assess your true financial risk, and what practical steps you can take right now to protect your retirement plans.

Take The Pilot Wealth Index to fi...

What do you do when the world feels unpredictable—and your financial future even more so? In this episode, we’re diving into how pilots can mentally and financially prepare for uncertain times. From industry shake-ups to unexpected announcements from new governments, uncertainty is the only constant. But it's not the events themselves that rattle the market—it’s the surprise factor. Listen in to learn why mindset matters just as much as money, and how to develop habits that help you thrive—not just survive—when markets get shaky.

Take The Pilot Wealth Index to find out if you a...

What good is wealth if you don’t feel good? For busy professionals—especially pilots—maintaining health and nutrition while constantly on the go is a major challenge. In this episode, financial planner Mark Covell and his wife Adriana Covell, NBC-HWC, break down how small, intentional choices can lead to long-term health without feeling deprived. Adriana discusses the emotional connection we have with food, how to break unhealthy habits, and why understanding what your body actually needs is key to achieving both quality of life and longevity. 

Take The Pilot Wealth Index to find out if you are on...

Is direct indexing the right investment strategy for you? In this episode, Shawn Jaberzadeh, Co-Head of Enterprise Group at Dimensional Fund Advisors, breaks down how direct indexing works and when it might be a better fit than off-the-shelf investment options. We explore the key differences between standard and aggressive tax management, the role of separately managed accounts (SMAs), and how tax loss harvesting can impact your portfolio.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/y62...

How can you teach your kids smart money habits without creating entitlement? In this episode, we dive into the essential lessons of raising financially responsible children. We explore the challenges first-generation wealth builders face, the guilt that often comes with financial success, and why many families lose their wealth by the third generation. You’ll learn why discussing money early and intentionally is key to long-term financial success.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/5dm...

What does it take to transition from a TOPGUN fighter pilot to a bestselling author? Jack Stewart, a former U.S. Navy fighter pilot with 23 years of service, joins the show to share his fascinating journey from flying combat missions to writing gripping novels. With five books under his belt, Jack dives into how he develops his stories, navigates classified information, and handles rejection in the publishing world.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/4...

What does it take to redefine success and find joy in the journey, not just the results? In this episode, we’re joined by Anthony Thompson, CEO of Thompson Consulting & Advising, a mindset and performance coach, and author of The Unhurried Life: Discovering Peace and Purpose through Faith-Filled Living. With over 20 years of experience driving growth for Fortune 500 companies and non-profits, Anthony shares his proven strategies for achieving clarity, aligning your values with your goals, and transforming your life from the inside out.

Take The Pilot Wealth Index to find out if you are on track for ret...

Are you a young professional pilot looking to build a solid financial foundation? In this episode, we sit down with Lisa Rosenthal, COO, Nolan Clark, Associate Financial Planner, and Jon Schultz, Paraplanner, to discuss strategies tailored for young professionals aiming for long-term success. From understanding your unique financial behaviors to establishing savings priorities, you'll learn about the steps you need to take to secure your future.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/btpycmpt 

Is the market overvalued and on the brink of an implosion? Join us as we dive into the intricacies of market valuation and investment strategies. In this replay episode, we’re tackling some of the pressing questions about whether the market is currently overvalued, what market valuation metrics mean, and how investors can navigate these uncertain times.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/ytbnkpss 

Are you contemplating whether to enlist the expertise of a financial advisor as your income rises? In this replay episode, we dive into the pivotal question: Should you hire a financial advisor? We discuss how to evaluate and question potential advisors, shedding light on the crucial questions you must ask before making a decision. 

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/39cpj3s4 

What truly makes for a fulfilling and happy retirement? In this episode, we explore the key pillars of health, relationships, and finances to help you create a retirement plan that aligns with your values. From understanding how deliberate planning impacts retirement satisfaction to practical tips on managing health, maintaining relationships, and navigating retirement finances, this discussion offers a comprehensive roadmap to prepare for a purposeful and joyful retirement.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/55...

Have you received an inheritance recently? Or have you been thinking about how to leave one? In this episode, Kevin and Charlie tackle key questions about inheritance, covering everything you need to know—whether you're inheriting or passing on assets. From new legislation to strategies that help both you and your beneficiaries maximize your wealth, this episode will give you a powerful roadmap for navigating the process today and in the future.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at...

Curious about strategies pilots can use to maximize tax efficiency? In this episode, we’re tackling hard-hitting tax numbers, future-focused savings strategies, and essential tax changes on the horizon, especially for those over 60. You’ll learn the ins and outs of tax deductions, even on W-2 income, and tips for maximizing tax-efficient retirement income. We’ll also cover the benefits of backdoor Roth contributions, health savings accounts (HSAs), and charitable donations to reduce taxable income.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resour...

Should you get into real estate investing? In this episode, we sit down with former Top Gun Navy and Air Force fighter pilot—and current UPS pilot—Micah Porter, aka Peachez. He joins us today to discuss his transition into real estate investing, sharing his motivation for entering the real estate market and why real estate became his side gig.

Take The Pilot Wealth Index to find out if you are on track for retirement!

You can find show notes, resources and more at: https://tinyurl.com/uv43zupa 

What does it really take to be successful with money? In this episode, we dive into key insights from The Psychology of Money by Morgan Housel, discussing principles that can help transform your relationship with money. Whether you're preparing for retirement or simply trying to make smarter financial decisions, these lessons apply to everyone. You'll learn why discipline is crucial, how to face the reality of your financial choices, and why success can sometimes be your worst teacher.

You can find show notes, resources and more at: https://tinyurl.com/y5besksw 

How much influence does a president truly have over the stock market? In this episode, we dive deep into the relationship between presidential powers and market performance, examining how different administrations impact the economy. While many believe the president has significant control over the markets, we explore whether the data backs that up, and how much external factors really shape the financial landscape.

You can find show notes, resources and more at: https://tinyurl.com/3ehxpejd 

How does the Federal Reserve shape the economy, and what should you really know about its role? In this episode, Seema Sheth, Senior Vice President and Regional Executive of the Federal Reserve Bank of St. Louis, joins the conversation to share insights on how the Fed looks beyond the data to understand the bigger picture. She discusses her unique path to success and the importance of focusing on what you truly want to achieve rather than conforming to others' expectations.

You can find show notes, resources and more at: https://tinyurl.com/2vn2t69b 

How can you become the multi-millionaire pilot next door? In this episode, we  discuss the principles of wealth building, inspired by the timeless lessons from the book The Millionaire Next Door. We’ll explore how pilots, with our unique income trajectories and financial challenges, can apply these principles to build substantial wealth over time.

You can find show notes, resources and more at: https://tinyurl.com/bdzxpwwd

Is the market overvalued and on the brink of an implosion? Join us as we dive into the intricacies of market valuation and investment strategies. In this episode, we’re tackling some of the pressing questions about whether the market is currently overvalued, what market valuation metrics mean, and how investors can navigate these uncertain times.

You can find show notes, resources and more at: https://tinyurl.com/96s6cshy

As the sun sets on the Tax Cuts and Jobs Act, the financial landscape for many, including our pilot community, is poised for significant changes. Join us as we dive into the upcoming tax reforms set for 2026 and how they may impact your finances. 

You can find show notes, resources and more at: https://tinyurl.com/5bd9ndjm

What exactly is an activist investor, and how do they influence the companies they invest in? In this episode, we are joined by Andy Christopher, CFA, Lead Financial Planner, to explore the world of activist investors. You'll learn about their roles, the impact they have on companies, and whether they typically boost returns or create concerns. 

You can find show notes, resources and more at: https://tinyurl.com/2kztm2be  

Are you chasing the right goals and prioritizing what truly makes you happy? In this episode, we discuss the importance of setting goals that align with your joy and fulfillment. Often, we achieve goals only to find that they don't bring the happiness we expected. It's essential to consciously identify what brings you joy rather than blindly following the paths others are on. We'll explore how to avoid the pitfalls of setting the wrong goals and the impact it can have on your overall well-being.

You can find show notes, resources and more at: https://tinyurl.com/5...

How can aviation play a pivotal role in combating human trafficking? In this episode, Jared Miller, CEO and Co-Founder of Freedom Aviation Network (FAN), joins us to share the mission and impact of his organization. FAN is pioneering efforts to transport survivors of human trafficking and their advocates, offering their services completely free of charge. Listen in to learn how pilots volunteer their time and skills, and aircraft owners contribute their resources, to provide essential support for counter-human trafficking efforts, ensuring survivors reach safe shelters.

You can find show notes, resources and more at: https://tinyurl.com...

Are you struggling to gain control of your spending and align it with your true values? In this episode, we explore a complete mindset shift to improve how you think about money. Lisa Rosenthal, Chief Operating Officer at Leading Edge Financial Planning, joins us to discuss how spending can impact marriages, lead to mistakes, and incur opportunity costs—both financial and emotional. Listen in to learn five strategies to align your spending with your mindset, how to align your money with your goals, and more.

You can find show notes, resources and more at: https://tinyurl.com/5n8...

Have you ever considered buying a plane? In this episode, we dive into the complexities of such a decision and why it can't just be about saving on taxes. Contrary to popular belief, setting up an LLC or another corporation may not provide the tax benefits you expect. We explore the criteria for tax deductions and why expenses must be reasonable and directly related to business purposes. Additionally, we discuss the importance of evaluating your plans for using the plane, frequency of use, and geographical considerations to determine if buying is the best option. 

You can find s...

How do you navigate the complexities of the economy and stock market? Andy Christopher, CFA, joins the show to shed light on the relationship between the two and provide insights into predicting market entry points with precision. In this episode, we aim to dispel common myths surrounding market dynamics to help you to protect your investments. From clarifying the role of the Fed to debunking misconceptions about presidential influence on markets, Andy offers practical advice on understanding and preparing for market fluctuations.

You can find show notes, resources and more at: https://tinyurl.com/3zbbpas3 

Are you contemplating whether to enlist the expertise of a financial advisor as your income rises? In this episode, we dive into the pivotal question: Should you hire a financial advisor? We discuss how to evaluate and question potential advisors, shedding light on the crucial questions you must ask before making a decision. 

You can find show notes, resources and more at: https://tinyurl.com/bd22j86d 

Today we're diving deep into credit card points, sharing highlights for both seasoned collectors and newcomers alike. Joining us is Mary Graves, who shares her journey into the world of point collection and how it can pave the way for a fulfilling retirement. Discover the strategic moves necessary to accumulate points without depleting your savings, and learn how to leverage them effectively for travel experiences.

You can find full show notes, resources and more at: https://tinyurl.com/3rr3hjsm 

1 - Sign up bonus – Frequent Miler. Greg the Frequent Miler has a blog, a podcast, and...

With airlines finalizing new contracts and increased 401(k) contributions, the question of whether to invest in a Roth IRA has become a hot topic among pilots. In this episode, we aim to provide clarity on this complex decision and offer guidance tailored to various scenarios and limitations. From understanding who can contribute to a Roth IRA to delving into the concept of Roths, we explore considerations for first officers.

You can find show notes, resources and more at: https://tinyurl.com/38ywhkfd 

Did you know that you're leaving a legacy, whether you realize it or not? Join us for an eye-opening discussion on legacy planning with Jon Cremer, Financial Advisor. In this episode, we dive into the impact of intentional legacy planning and why it's crucial to start thinking about it sooner rather than later. 

You can find show notes, resources and more at: http://tinyurl.com/mryv6ysa 

Are you ready to explore the dynamic world of Real Estate Investment Trusts (REITs)? Dr. John Worth is an expert in economics and the Executive Vice President of Research and Investment Outreach in a REIT, and he joins us to share his deep understanding of REITs, their crucial role in a diversified portfolio, and how they perform in today's economic environment.

You can find show notes, resources and more at: http://tinyurl.com/mzw84wsh

Tune in as The PMG's discuss the following financial aspects of the SWA 2020 Contract:

Market-Based Cash Balance Plan, Tax withholdings for the Ratification Bonus Pay (RBP), New Life Insurance benefits, One-time SWA Profit Sharing rollover opportunity, and more!

Tune in as The PMG's talk about the following financial aspects of the SWA 2020 Contract: 

And more!

Join us for a deep dive into the complex world of taxes, where we'll dissect the mysteries of what's fraudulent, what's a gray area, and what's not only legal, but also incredibly smart. Discover why the allure of complexity may not be in your best interest and why trying to outsmart the tax man is a risky game. 

You can find show notes, resources and more at: http://tinyurl.com/y74d8at9 

Kevin Gormley, CFP, CPA, PFS, and Lead Financial Planner at Leading Edge Financial Planning LLC., joins the show to help us explain the seven critical lessons learned in the tumultuous financial landscape of the past year. Brace yourself for a journey through bank failures, crypto turmoil, and market fluctuations that led to the collapse of major financial institutions, sending shockwaves through the industry.

You can find show notes, resources and more at: http://tinyurl.com/5f9s9zux 

Unlock the secrets of successful investing as we pay tribute to the legendary Charlie Munger. A titan in the business world, Munger's principles for both investing and life are timeless lessons that can shape your journey to prosperity. Delve into the wisdom of a man who, alongside Warren Buffett, navigated the complex world of finance with hunger, humility and unmatched intellect.

You can find show notes, resources and more at: http://tinyurl.com/u4dzk9be 

Explore the world of bonds with Jim Jackson, Co-Chief Investment Officer at Victory Capital. In this episode, Jim delves into the role bonds play in a diverse portfolio and the predictability of their performance compared to stocks. He also simplifies the complexities of bonds, emphasizing their mathematical nature in contrast to stocks, and challenges the financial industry's predictive shortcomings by opting instead for planning.

You can find show notes, resources and more at: https://tinyurl.com/36upwv67 

When it comes to creating a positive environment for success, it's not just about investment returns—it's about your mental framework and decision-making. In today’s episode, we explore how to identify whether you have a wealthy mindset, as well as what it means to embrace the KISS principle. You’ll find out why being a lifelong learner is crucial and how treating all aspects of your life as investments can lead to both financial prosperity and happiness with a sense of abundance. 

You can find show notes, resources and more at: https://tinyurl.com/5n94n9vc 

What should you do with unexpected financial windfalls, such as a bonus check or unforeseen extra income? Today we answer this question and address the essential balance between celebrating your financial wins and planning for the future, sharing valuable tips to avoid financial pitfalls and the importance of building a robust emergency fund. Listen in to learn how to make the most of unexpected financial gains and more.

You can find show notes, resources and more at: https://bit.ly/3QGFghf 

Discover the secrets to a harmonious marriage and a prosperous financial life in this engaging panel discussion. Join us as we sit down with our team members at Leading Edge Planning, including Betsy Wheeler, Paraplanner, Kevin Gormley, Principal, Jon Cremer, Financial Advisor, and Nolan Clark, Paraplanner, to explore the intricate relationship between marriage and money. 

You can find show notes, resources and more at: https://tinyurl.com/mwjvtm5p 

In this episode, we have the privilege of hearing the remarkable aviation journey of Roger Lance, a retired Air Force officer and Vietnam War veteran. Roger takes us on a captivating flight through his experiences, from his early days in aviation to the intense moments in the war. He provides a glimpse into the different aircraft he piloted and shares his favorites, shedding light on the competitive yet camaraderie-filled world of flying.

You can find show notes, resources and more at: https://tinyurl.com/3hcuyejp 

Today we're joined by investment expert Andy Christopher, a Naval Academy graduate and F-35 Contract Instructor Pilot, and Sunil Wahal, a Professor at Arizona State University and Consultant to Avantis Investors. Together, they shed light on the intricacies of investing, emphasizing its profound connection to life itself, and the importance of self-awareness, helping you calibrate your risk tolerance and assess potential risks in your investment portfolio.

You can find show notes, resources and more at: https://tinyurl.com/nk7yz5sk 

Meat of the Mission – Five Ways to Avoid Getting Hacked with Cyber Hunter Akiva Clark 

Always use Multi Factor Authentication. (MFA) 

Use different emails for more or less security sensitive accounts.  

Password strength is critically important.    

Use password manager. 

Freeze your credit – Click here to see specific instructions from Nerd Wallet to freeze/lock your credit at all FOUR credit reporting agencies.   

Flight #63 - Dumb Things Smart People Do with Money

Questions from the flight deck:

·        Next year all 401k catch up contributions will be Roth.  How will this affect your taxes?

·        https://www.kiplinger.com/taxes/the-problem-with-401k-catch-up-contributions

o   Under SECURE 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make catch-up contributions to your employer-sponsored 401(k) account.

o   But there’s a catch. You would have to make those extra contributions on a Roth basis, using after-tax money.

o   You wouldn’t be able to g...

Airline/Aviation News: 

United AIP, American, FedEx AIP segway 

Questions From The Flight Deck: 

What if age 67 passes? What is Hybrid retirement? 

https://www.nbcnews.com/news/amp/rcna95349 

The Senate still needs to pass its own version of the bill before the current authorization expires on Sept. 30.

Make an intentional decision - I.e., plan.

Questions From the Flight Deck:

Meat of the Mission:

Questions From The Flight Deck:

Introducing: Andy Christopher – F18 Navy Fighter Pilot and Investment Advisor

Meat of the Mission – 529s

Common Questions:

Airline News:

Airline News:

How To Think About Your Health And Improve Your Quality Of Life Now And In Retirement

Sources:  

Questions From The Flight Deck: 

What the heck is ChatGPT, and what jobs will most be impacted?

AI in the Cockpit? https://theaircurrent.com/technology/natural-language-processing-aviation-atccockpit/

Optimism – It's NOT cool!

Have we always been pessimistic? Or is it a new phenomenon?

“The preacher man says it’s the end of time...

Special Test Flight Edition – The Banking System: How Do Banks Operate And What Happens When They Take On Too Much Risk – Silicon Valley Bank?  ~Exclusive Captain Rob “Rubber Mallet” Eklund

Where is the best cup of cappuccino in New York City, according to Rob’s new friend Luciano Pavarotti?!?

How do banking systems work? How do they benefit the consumer and make our money safer?

Aviation News:

Questions From The Flight Deck:

Questions from the Flight Deck:

What if the US Dollar is not the dominant world currency?

Part 1:

How to know how much FDIC insurance you have?

Should we be nervous about the banking system?

How much can I actually hold in my bank account, FDIC insured? See FCIC calculator.

Why are banks and brokerage firms different?

Banks accept deposits onto their balance sheet. When you de...

Craig Pieper Publisher & Founder of Aero Crew News 

Scott Rehn CEO of Aero Crew Solutions & Co-Founder of Aero Crew News 

Craig Pieper’s Linkedin 

Scott Rehn’s Linkedin 

Pilot News

https://www.reuters.com/business/aerospace-defense/european-regulator-rules-out-single-pilot-flying-by-2030-2023-02-06/

Question From The Flight Deck:

Q: Are all annuities Crap?

A:  Annuities are NOT investments; they are Insurance income products, and most of them are sold as something they are not - again, not investments! People that hate annuities compare them to investments - life insurance is used when people die. Annuities can help people that live too long or need mortality credits to decrease anxiety or smooth out the journey.

LEFP is not licensed, nor makes c...

How to Be a Real Estate Professional & Save on Taxes with Gina Roth  

(4:30) How do you recommend selling your primary residence and ensure you don't pay taxes? 

You have to live in it as your primary residence for two out of the trailing five years 

Once you complete this, it is free capital gains 

Married: $500,000 exclusion 

Single: $250,000 exclusion 

Quote: Nelson Mandela once said: “I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.”

Kim "KC" Campbell - "Fear can prevent us from achieving success or it can lead us to a greater path of growth and change if we harness it effectively."

Your story:

Dave Goetsch shares his fascinating story about his investing experience and journey. He started as an investor that was emotionally tied to every up and down the stock market experienced. He was known  as the “Chief Worrier.”  

Through his own studies and the counsel of his financial advisor, he’s more at peace with the short-term craziness of the stock markets, and continuous news headlines of impending doom we all seem to hear daily. In many ways, Dave’s journey is very similar to all of ours. However, he’s better at telling the story since he’s a Hollywood w...

Airline News

Being a Father: 

People have memories – markets do not.  

“One of the best things about markets is that they don’t have memor...

Flight #48: New 401k, IRA Limits New SECURE ACT 2.0 A

Airline News:

New IRA, 401k 401(a)17 and 415 Limits

Secure Act 2.0

Highlights:

Setting Every Community Up for Retirement Enhancement (SECURE) Act...originally passed in December 2019.

Q&A: Most common client questions lately:

The whole world is going into a recession!

What is a recession? Schwab “dominoes” diagram...there’s only a few things missing to be in a recession – Labor market weakness, EPS growth falls, NBER (Nat’l Bureau of Economic Research) recession declared.

See Flight #33 for “Inverted Yield Curve – Canary in the Coal Mine.”

So, what does this mean...mild recession. Already priced in?

Why should we stay in the market? Why wo...

Resources:

The Narrative There’s a lot going on...in the past few years; Covid, Stock Market stress, impending recession, inflation, politics...crypto collapse???

Our audience is especially vulnerable to information (news) overload: Traveling; downtime pick up the phone and review news, talk about it during the 3-hour flight, TV on in the hotel room, gym, etc.

Where is the balance?

What is the truth?

Why does this matter – Why does the news and/or even...

Q&A: Most common client questions lately:

Election Lessons Learned:

“Vote with your ballot not yourlife savings.”

~Dimensional founder David Booth

https://my.dimensional.com/elect-to-leave-your-portfolio-alone

Will the stock market do worse now that xxx party has won and the election is over?

What do the numbers show? Does the stock market do better or worse when “X” party is in office, power?  

Lessons learned – do not anticipate or try to outguess the markets. Maintain discipline. Lots of advisors said: After the mid-terms, the markets will “pop.”...

Q&A: Most common client questions lately:

Will I have to change my retirement goals or retirement income due to the down market?

Article: “Six Good Things to Tell Clients About This Horrible Market” by Allan Roth, 10/17/2022.

Four Options Plus Combo Option for Preparing for Potential Airline Disability

Information about today’s podcast:

Dimensional Fund Advisors (DFA) - https://us.dimensional.com/

“The assets we(DFA)manage represent more than shares in a portfolio.  That money represents the savings, sacrifice, and dreams that investors have entrusted to us. We take this responsibility seriously. Founded in 1981, Dimensional has a long history of applying academic research to practical investing. We offer a full range of equity and fixed income strategies designed to target higher expected returns.”

Apollo Lupescu, PhD, Vice President, Dimensional Fund Advisors:

Apollo Lupescu is vice president at Dimen...

Q&A: Most common client questions lately: Headline of the day! (See slide...)

https://www.jpmorgan.com/wealth-management/wealth-partners/insights/the-case-for-always-staying-invested#infographic-text-version-uniqId1663780633203

This chart shows the annualized performance of a $10,000 investment made between January 2002 and January 2022. A fully invested investment returned 9.4% or $60,253. When the investor missed the 10 best days, the return is 5.21% or $27,604. When the investor missed the 20 best days, the return is 2.51% or $16,414. Finally, when the investor missed the 30 best days, the return is 0.32% or $10,651. An added fact is that seven of the 10 best days occurred within 15 days of the 10 w...

15 Lessons Aviation Can Teach You About Life:
1. You are responsible.
2. Attention is life. Inattention will be at least minimally harmful if not deadly.
3. There is always a curriculum. Preparation is advised.
4. A well-lived life, like flying, requires constant adjustments.
5. Think before you speak or key the mic.
.... Listen for more.

Q&A: Most common client questions lately:
o Headlines – Beware!
▪ See housing market headline from Redfin
o Headlines are meant to make you fearful. They have about three seconds to grab your attention in the world of fast-paced news. You...

Financial Q&A: Most common client questions lately:

1. How to get some sort of return/interest for short-term goals? 1-5 years?  

a. I-Bonds: Currently paying an annualized 9.62% for the next six months.

https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#:~:text=The%20composite%20rate%20for%20I,October%202022%20is%209.62%20percent.

b. Treasury Bills: Payingabout 2.8%-3.4% depending on the term.

https://ycharts.com/indicators/3_month_t_bill

https://ycharts.com/indicators/1_year_treasury_rate

c. Treasury Bonds:

https://ycharts.com/indicators/2_y...

The Basics of Roth Conversions

1. In General, young, lower income (e.g., new First Officer) expect a higher tax bracket in retirement...Roth can be a no-brainer.

a. But there are other very important considerations that may go against this rule of thumb.

2. Important to know – Everyone, regardless of income, can contribute to an after-tax or nondeductible IRA.

3. What are my options if I only have pre-tax IRAs?

a. Convert the pre-tax IRA to a Roth IRA, and you will be taxed at your marginal income tax rate. Or...

In this podcast, we discuss steps to maintain a high-performance, high-energy lifestyle as we get older. More specifically, creating a life where you feel great, more fulfilled, and more joyful as well as creating a legacy with not just your wealth but your health and outlook on life for generations to come.   Our audience is high-performing professionals and pilots, BUT we all go through times where we are not performing at our peak; mentally, spiritually, physically. Especially as we age...   Now is a unique and stressful time for airline pilots, corporate, cargo, and commercial pilots. Most major airlines are under co...

Leading Edge’s own, co-founder and CFO, Kevin “The Professor” Gormley, CPA, PFS, CFP® is our special guest today. 

We think of a 5-year runway to take off for retirement.  It can take that long to mentally prepare for the end of your career.  It also may be enough time until retirement to make significant course corrections if necessary.  At a minimum, this is the time to make sure you run that last Before Takeoff (retirement) checklist, and you are ready for a great retirement!

A quick peek into the discussion with the Pilot Money Guys and “T...

In this episode, the Pilot Money Guys are talking about Value investing. We describe what value investing is, and talk about lessons learned as investors in value companies.

Value Investing and Lessons Learned  

In this episode of the Pilot Money Guys we sit down with Peachez, aka Micah Porter. Micah is a former Top Gun Navy fighter pilot turned Air Force fighter pilot and current UPS pilot who sheds light on what its really like in Top Gun and how he rates Tom Cruise's performance in the new movie. We hope you enjoy a break from the financial topics - this is a fun one!

We'll be back next time talking Value Investing on the next episode.

Thanks for listening!

The Pilot Money Guys

We’re calling this episode of the pilot money guys “Forever in Blue Jeans” because as the famous song goes:  

“Money talks 
But it don't sing and dance and it don't walk 
And long as I can have you here with me 
I'd much rather be forever in blue jeans” 

In this episode we discuss the Florida man who lands a plane with no experience, we have a Q&A segment, and we have a heart felt discussion about creating lasting and fulfilling success with finances. 

Thank you for listening!

In this episode of the pilot money guys, we are talking about the yield curve inversion that has been the topic of many new articles recently. If you’re unfamiliar, an inverted yield curve is supposed to be the magic predictor of a looming recession. Recently the yield curve inverted, so is a recession on the horizon?

Charlie and Rob dive into the yield curve topic and cover in this discussion:

Are...

We’re all going to die... Someday.

Yes, this is not a fun topic to cover, but unfortunately we’ve dealt with a few deaths over the last 12 months and we want to talk about the lessons we’ve learned. We get philosophical in this one, but we think it’s extremely important!

Top 5 things to do to make sure you take care of loved ones when you’ve gone:

The majority of 401(k) plans are invested in Target Date funds. These funds give diverse exposure in stocks and bonds, and as we get closer to the target retirement date, the fund automatically adjusts as to be more conservative. This has helped many people to avoid the stress of picking funds in their retirement plan, as well as helping to protect the funds as retirement gets closer. Many times, these funds has low expenses, and they often get close to market returns.

So, are these funds right for you? In this episode, we are diving into target...

In this episode of the Pilot Money Guys, we discuss the Frontier - Spirit Airlines merger, where investment returns come from, and why Cowbell should permanently replace Rubber Mallet. (Ok maybe not this...). 

In this podcast, we are joined by Carson McLean, CFP®. Carson is a regional director with Dimensional Fund Advisors, and a true expert in the industry. We're so excited to share our conversation and want to give a big thank you to Carson for joining us. 

We cover everything from callsigns to the history of index funds, so sit down, buckle up, and...

In this episode, we are joined by The Professor aka Kevin Gormley CPA, CERTIFIED FINANCIAL PLANNER®. Where we discuss:

The airline news segment for this podcast is on China’s Eastern Airline flight 5735, where we break down what we know so far.

When rising inflation is coupled with slow economic growth and increased joblessness, that is known as Stagflation. Just recently the billionaire investor Ray Dalio said that we he believes we will have a period of Stagflation. So, is stagflation looming on the horizon? We share our thoughts and look at economic data to try...

We’re back in action with a new episode (recorded 3/11) of the Pilot Money Guys. In this episode Rubber Mallet is replaced by Cow Bell, the topic is the news of the markets: Russian’s Invasion of Ukraine, and Charlie tells us about getting chased by a lion, a water buffalo, and a hippo.

On Ukraine and Russia:

A special episode of The Pilot Money Guys featuring an interview with Amelie Riendl:

Amelie is a Financial Coach at Mil Money Coach and has spent years studying the best methods for budgeting. She graduated from Michigan Technological University, where she gives back to every year. She has a Master of Engineering in Chemical Engineering from Princeton University.

She's worked for Johnson and Johnson as a Senior Scientist and Quality Engineer where she won multiple awards. She is a Project Management Professional® and worked as a Project Manager for FMC corporation and at Integrated Project M...

We often have clients contact us with unique investment ideas. We will evaluate them and give out honest thoughts and concerns. One of the more popular ‘investments’ that we have seen lately is insurance products that are pitched as investments. So, is it possible to use insurance as an investment? That would be the best of both worlds, right?

Today, the Pilot Money Guys are joined by Kevin Gormley, aka the Professor, to discuss the idea that you can use insurance as an investment. We talk about how these products are pitched, sold, and the risks that come...

Why are the markets down year to date and what can we do about it?

In this episode, the Pilot Money Guys reflect on the volatility that has been going on in the markets this year. We discuss the craziness with the ongoing situation in Ukraine, the Fed’s new changes, and inflation and how those are affecting the market.

We are talking about 7 action items that you can do to in a market downturn.

Over the years, Charlie has tracked and compiled financial news headlines that made bold predictions. Looking back on them is comical - only in hindsight - the predictions were ridiculous. However, at the time of the articles were published, these headlines were straight-up scary.   In this podcast we are talking: How do people get their news - specifically financial news? CNBC, FoxBusiness, Twitter? What are the biases? What about the Confirmation Bias? How can this biased information be a detriment to your financial plan - hint: fear, emotions, etc. How do news algorithms work? They feed you what you want t...

Happy New Year! It’s time to review our mission!

Our mission is,

“To help our clients build and protect wealth to achieve their dreams and goals.”

Building wealth may actually be the easier part of that equation. Of course, it may not be easy but saving for the future is often started by default. 401(k)s are automatically set up with companies from the get-go and investing is automated. Social security is automatically deducted from your pay checks and will be paid to you in retirement. Most of our clients were savers from t...

We're back with another checklist! But first, we honor the women listeners of the Pilot Money Guys podcast with a call sign reveal for a special listener Dr. Jane, aka call sign Arc!   Since you loved the Quick Reaction Checklist so much, we thought we'd keep with the trend and bring you a podcast on the End-of-year Financial Checklist. Every year there are things you should consider doing before the end of the year, here's what we think you should review before the end of 2021!   1. Max contributions to your tax deferred accounts. 2. For 2021, consider buying I-Bonds. 3. Tax loss harvesting - mo...

Emergency Fund - 1 months savings in the bank, cd, money market etc. (FDIC insured) Contribute to matching 401k Set aside savings for Health Deductibles and perhaps max out of pocket if a lot of healthcare needs. If you are in an HSA plan, contribute. $3,600, $7,200 per couple, if over 55, $1,000 catchup contribution. Set aside savings for Life Insurance Premiums (10x Income per year) and Disability Insurance Payoff all credit card and high interest debt. Emergency Fund (6 months to a year) If in a high furlough or layoff industry consider longer Emergency Fund. Also consider I-Bonds for the more sophisticated investor (very flexible 1...

Thanksgiving is right around the corner it’s a great time to evaluate what is truly important to you. For us, we want you to understand what is important about money to you.

In this podcast we discuss how you can think about money to use it to accomplish the things that are important to you.

We are talking about: