The podcast about financial planning for professional pilots! Get answers to your most pressing personal finance questions. Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim’s Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. Branch phone number 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this focused solo episode, Timothy P. Pope, CFP®, breaks down what happens if an American Airlines pilot loses their medical and becomes unable to fly. Tim reviews the employer-provided long-term disability plan, the union-sponsored POD and PMA supplements, and how pilots can combine these for up to 90% of pre-disability income. From elimination periods to taxation choices and income offsets, this episode equips you with the knowledge to protect your financial stability if your career hits unexpected turbulence.What You'll Learn from This Episode:How the American Airlines Disability Plan Works: Understand the 50% income replacement structure and how it's calculated.Pre-Tax vs After-Tax Election: Learn how this annual choice impacts your benefits and tax burden.No Offsets for Outside Income: Discover why this is a major advantage in the AA disability plan.Union Benefits Breakdown: Get clarity on the Pilot Occupational Disability (POD) and Pilot Mutual Aid (PMA) supplements.Financial Planning Around Disability: Tips on aligning emergency funds, taxable income, and long-term strategies based on your earnings level.Resources:Pilot Occupational Disability Plan (POD) ChartSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: tim@360aviationadvisors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot's Portfolio, in its separate and individual capacity. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements. Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites' privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information. Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer.
In this episode of Pilot's Portfolio, Timothy P. Pope, CFP® shares practical strategies for building financial resilience in volatile times. Drawing parallels between aviation safety and financial planning, Tim explains how pilots can strengthen their financial "redundancy" to absorb unexpected challenges like airline slowdowns, downgrades, or health setbacks. Whether you're buying a home, saving for retirement, or thinking about Roth conversions during market pullbacks, this episode is packed with actionable tips to help pilots stay financially stable and confident through every phase of their career.What You'll Learn from This Episode:Building Financial Redundancy: Why having multiple layers of financial security is crucial for pilots.Home Buying and Vehicle Financing Tips: How to stay financially flexible by avoiding the upper limit of your purchasing power.Timing Major Financial Moves: Why it's important to match financial decisions to your career "altitude."Access to Liquidity: The role of cash and brokerage assets in navigating downturns and opportunities.Roth Conversions and IRA Strategies: How down markets could create potential opportunities for smarter tax planning moves.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your QuestionsThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot's Portfolio, in its separate and individual capacity. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements. Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites' privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information. Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer.
Join Timothy P. Pope, CFP®, and John Engel, COO of Gulf Coast Western, as they discuss strategic investment opportunities in the oil and gas sector that could help high-earning pilots. This episode offers an insider look into tax benefits and how to leverage investments to offset high W2 incomes and to secure tax advantaged future income. Dive deep into the mechanics of oil investments and learn how to navigate this market with industry insights.What You'll Learn from This Episode:Tax Incentives Explained: Discover how pilots can utilize specific tax breaks offered within the oil and gas industry to lower taxable income.Understanding Oil Investments: Gain insights into the types of drilling and partnerships that minimize risks while offering substantial tax advantages.Strategic Financial Benefits: Learn how investing in oil and gas can fit into a pilot's broader financial strategy, including retirement planning.Navigating Risks and Returns: Understand the risk profile of oil and gas investments and how to mitigate them through strategic planning and partnerships.Long-term Financial Planning: Learn how these investments can provide sustained income and tax benefits over the long term, aligning with retirement goals.Resources:Gulf Coast WesternSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Timothy Pope is a Certified Financial Planner™. Cetera Investors is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, in a profoundly important episode of Pilot's Portfolio, where he tackles the uncomfortable yet crucial topic of estate and financial planning for pilots. With a recent tragic aviation incident as a backdrop, Tim highlights the necessity of being prepared for unforeseen events. This discussion is not just about planning for growth and success but ensuring stability and security for your loved ones.What You'll Learn from This Episode:Understanding Estate Planning: The critical importance of having a comprehensive and up-to-date estate plan as a pilot.Financial Organization: Tips on organizing your finances so that you or your loved ones can easily access important information when needed.Life Insurance Essentials: The role of life insurance in providing for your family's future and how to ensure your policies are aligned with your current life stage.Navigating Discussions on Tough Topics: Strategies for having those tough but necessary financial planning conversations with your spouse or family.Actionable Steps for Preparedness: Practical advice on setting up beneficiaries, understanding the implications of property titles, and ensuring all financial documents are in order.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Timothy Pope is a Certified Financial Planner™. Cetera Investors is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this insightful solo episode, Timothy P. Pope, CFP®, explores how pilots can maintain command over their personal finances amidst market turbulence and external economic factors. Tim emphasizes the importance of focusing on what pilots can control in their financial planning, from responding to market conditions to proactive financial strategies. Join Tim as he guides you through managing the uncertainties of the financial world with confidence and clarity.What You'll Learn from This Episode:Control Your Financial Inputs: How pilots can effectively manage their reaction to economic changes and market conditions.Strategic Financial Planning: Tim discusses the importance of proactive financial planning and adapting strategies based on current economic landscapes.Navigating Economic Policies and Market Reactions: Insights into dealing with uncontrollable economic factors and their impacts on personal finances.The Importance of Staying Invested: Why staying in the market and regular contributions and rebalancing beats trying to time the market, especially in volatile times.Long-term Financial Goals and Retirement Planning: Strategies for securing financial stability as pilots approach retirement, including considerations for asset allocation and retirement income planning.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Timothy Pope is a Certified Financial Planner™. Cetera Investors is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, and Kevin Walker, CEO of Beacon Relocation as they discuss real estate benefits specifically tailored for pilots and air traffic controllers. Recorded shortly after the PSA and army helicopter crash, this episode acknowledges the recent tragedy. This episode focuses on financial savings in real estate transactions for pilots and air traffic controllers. Kevin shares his decades of experience in real estate and how his company has grown from serving Air Traffic Controllers to include professional pilots through Beacon Relocation's specialized services.What You'll learn from this episode:Specialized Real Estate Services: Learn how Beacon Relocation offers significant rebates and services tailored for pilots engaging in real estate transactions.Current Market Insights: An update on the real estate market trends in major Airline hubs. Recent Changes In Regulations: Learn how recent changes in real estate regulations has given buyers more control over their transaction.Community Support: Reflections on the impact of recent aviation incidents on the community and the role of solidarity and support among aviation professionals.Resources:Schedule An AppointmentOur Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more.Timothy Pope is a Certified Financial Planner™. Cetera Investors is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, in this informative episode of Pilot's Portfolio as he discusses the latest updates and changes in retirement contributions for pilots. Tim discusses the implications of increased contribution limits and how these adjustments can impact your financial planning. Additionally, he shares an IRS provision that bugs him concerning retirement savings. Tim invites listeners to share their feedback, what do you think about the new IRS savings rules?What You'll learn from this episode:Updates to 401k Contributions: Learn about the increased elective deferral limits for 2025, rising to $23,500, and what it means for your retirement planning.Non-Elective Contributions Update: Get the latest on non-elective contributions from major carriers like American, Delta, Southwest and United which are set to increase in 2026.IRA and Roth IRA Insights: Understand the unchanged contribution limits for IRAs and why many pilots might not benefit from traditional IRA deductions.Debating the IRS Provisions: Tim discusses the nuances of the IRS's retirement saving provisions, including the 'super catch-up' contributions for those aged 60-63.Health Savings Accounts (HSA) Tips: Updates on HSA contribution limits for 2025 and strategies to maximize the growth of these funds for healthcare expenses.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more.Timothy Pope is a Certified Financial Planner™. Cetera Investors is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Welcome to "Pilot's Portfolio" formerly known as the Pilot Money Podcast. In our inaugural episode of the new season and under a new banner, Timothy P. Pope, CFP®, reintroduces the show with fresh insights and a renewed focus. As we begin a new year of financial planning for professional pilots, Tim discusses the recent market results, the implications for your investments, and strategies to ensure you're not "falling asleep at the yoke."What You'll learn from this episode:A New Season for Pilot's Portfolio: Discover what's changed and what remains the same in our approach to your financial education.Last Year's Market Overview: Analysis of recent market performances and their implications for your investment strategy.Navigating Upcoming Financial Challenges: Practical advice on maintaining vigilance with your investment portfolio in changing economic conditions.Season Outlook: Preview of what to expect in terms of content, focus areas, and guest appearances throughout the season.Engagement and Feedback: How your input shapes our content and the new interactive opportunities this season offers.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more. Disclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers. This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as we soar through the most impactful moments of our inaugural season on the Pilot Money Podcast. This special episode compiles the best insights, advice, and discussions from the past year, featuring key financial strategies, listener favorites, and expert tips tailored for pilots. From navigating investments to planning for retirement and beyond, relive the highlights that have equipped our community to tackle their financial challenges with confidence.Listen again to your favorite episodes:Apple Podcast: https://podcasts.apple.com/us/podcast/pilot-money-podcast/id1718915375Spotify: https://open.spotify.com/show/5p2Tkf16Q9lV693lHV4Zo9This episode is not just a look back but a springboard into the next season, promising even more valuable content and expert financial guidance for pilots everywhere.Resources:Schedule An AppointmentOur Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he dives into crucial year-end financial strategies that can significantly impact your financial health. As 2024 draws to a close, Tim emphasizes the importance of making timely decisions that utilize year-end financial opportunities like Roth conversions, tax loss harvesting, and charitable giving. Each of these strategies has specific deadlines and benefits, making them essential considerations for effective tax planning and long-term financial stability.What You'll learn from this episode:Roth Conversions: Understand the urgency in meeting the December 31st deadline if you're planning to convert for the 2024 tax year. Tax Loss and Gain Harvesting: Learn how to adjust your portfolio to optimize your tax situation, taking advantage of lower income years or offsetting gains with losses.Charitable Contributions: Explore how to maximize your charitable giving impact while benefiting from potential tax deductions, including the use of donor-advised funds for those who haven't yet decided on specific charities.End-of-Year Tax Planning: Tips on how to use the remaining time in the year to adjust your financial strategies to lower your tax bill and prepare for the upcoming year.Reflecting on Financial Progress: Tim encourages listeners to reflect on their financial achievements and setups for the next year, ensuring readiness for new opportunities and challenges.This episode is packed with actionable advice that can help you navigate the complexities of financial planning as the year ends, ensuring you're positioned for success in the coming year.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he welcomes Bobby Baker, an experienced aviator and mortgage specialist with Trident Home Loans, to the Pilot Money Podcast. In this episode Bobby shares his dual expertise in aviation and home financing, offering tailored mortgage solutions for pilots. Drawing from his unique background in both the military and commercial aviation, Bobby discusses how pilots can navigate the often-complex landscape of home loans, emphasizing options like VA loans and conventional financing.What You'll learn from this episode:Specialized Home Financing for Pilots: Explore how understanding pilot pay structures and career transitions are crucial in securing the right mortgage.VA Loans Explained: Bobby breaks down the benefits of VA loans for qualifying pilots, including no down payment and no private mortgage insurance requirements.Investment and Second Home Strategies: Insights into managing property investments, particularly for pilots interested in acquiring second homes or rental properties.Navigating Credit and Loans as a Pilot: How pilots can best prepare for mortgage applications and what unique considerations they should be aware of.Real Estate as a Long-term Investment: Bobby shares his perspective on the real estate market for pilots, offering advice on buying, selling, and renting properties.Resources:Trident Home LoansBobby Bake LinkedInSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he explores what to expect during open enrollment, a key time for pilots to reassess and select their benefits for the upcoming year. As we approach the end of 2024, it's essential to make informed decisions that align with both your immediate needs and long-term financial goals. This episode provides a thorough breakdown of the various benefits available—from health insurance to legal benefits—and how to choose well based on your personal circumstances.What You'll Learn from This Episode:Strategies for Open Enrollment: Tim discusses how to evaluate and select health insurance plans, including the pros and cons of HSAs and FSAs.Maximizing Your Benefits: Insights into leveraging employer and union benefits including life insurance and legal aid.Special Considerations for Pilots: Specific advice for pilots dealing with unique employment structures and how to optimize benefits accordingly.Planning for Life Changes: How to adjust your benefits in response to major life events like marriage, children, divorce or changes in employment.Financial Planning Integration: Tips on integrating your benefit choices into your broader financial strategy to enhance security and reduce taxes.This episode is packed with actionable advice to help pilots navigate open enrollment and make choices that suit their financial needs.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, in a special crossover episode from his appearance on the "Ready 4 Pushback" podcast, hosted by Nik Fialka, recorded on March 18, 2024. In this episode, Tim shares financial advice for pilots, particularly focusing on veterans transitioning to civilian aviation careers. Tim delves into the nuances of managing finances in such transitions, emphasizing the importance of understanding and maximizing military benefits for a secure financial future.What You'll learn from this episode:Securing Financial Stability in Transition: Strategies for maintaining financial health during the shift from a military to a civilian flying career.Maximizing Military Benefits: How to leverage benefits like the Thrift Savings Plan and military pensions to secure your financial future.Home Buying Advice for Pilots: Considerations for pilots looking to purchase their next home, taking into account year 1 pay, military retirement, interest rates and VA loan benefits. Healthcare Planning Across Airlines: Tips for navigating healthcare options and planning for varying coverage for your post military career.Financial Planning Tools: Introduction to financial planning tools that can aid pilots in making informed financial decisions throughout their careers.This episode provides a rich discussion that blends expert financial planning advice with practical tips tailored specifically for pilots at various stages of their careers, from active military service to commercial aviation.Resources:Ready for Pushback - Spotify | Apple PodcastsSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this special episode of the Pilot Money Podcast, Timothy P. Pope, CFP®, focuses on the remarkable efforts of pilots providing disaster relief following Hurricane Helene. As the storm wreaked havoc from Florida to Virginia, causing unprecedented damage and displacement, the pilot community, led by Operation Airdrop, rallied to deliver essential aid to those hardest hit, particularly in Western North Carolina.Timothy discusses the urgent logistical challenges faced by affected areas, where roads were rendered impassable, leaving many reliant on aerial support. With the help of Operation Airdrop's Executive Director, Alex Clark, and numerous volunteer pilots, essential supplies were flown into isolated communities, demonstrating the critical role of aviation in disaster response.What You'll learn from this episode:Rapid Response Flying: Insights into how pilots can mobilize quickly to provide aid following natural disasters.Logistical Coordination in Crisis: The role of planning and coordination in executing effective airdrop operations.Impact of Community Effort: Stories of how pilot volunteers are making a tangible difference in the lives of disaster victims.Safety and Efficiency in Airdrops: Best practices for pilots involved in disaster relief to ensure safe and efficient delivery of aid.How You Can Help: Ways the aviation community and others can contribute to ongoing relief efforts, whether through flying, on-ground support, or donations.This episode not only highlights the heroism of pilots and volunteers but also underscores the importance of community and skill in times of need.Resources:Operation Airdrop: Website | LinkedInSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he sits down with David Hampson, partner at Schrager Hampson Aviation Insurance Group, to explore the critical aspects of aviation insurance. This episode helps pilot owners understand the nuances of insuring aircraft. From pleasure use to business use corporate jets, and the importance of having the right coverage cannot be overstated. David shares his journey from a young aviation enthusiast to a key figure in aviation insurance, merging his passion with professional expertise. The conversation covers a wide range of topics, including the different types of insurance coverage available, the process of securing insurance, and tips for both new and seasoned aircraft owners.What You'll learn from this episode:The Basics of Aviation Insurance: Understanding what coverage suits different types of aircraft operations.Choosing the Right Insurance Broker: Insights into selecting a broker who specializes in aviation and why it matters.The Role of an Insurance Broker in Aviation: How brokers help navigate the relationship between insurance companies, underwriters and the aircraft owner.Common Misconceptions in Aviation Insurance: David dispels myths and offers clarity on what pilots and owners often misunderstand about their policies.Insurance Tips for Aircraft Owners: Practical advice on what to consider when insuring an aircraft and why it's important to track your airplane's hull value.Deductible Plus: Why you may have to cough up some money if you have an insurance claim on your aircraft. This episode is packed with valuable information for anyone involved in aviation, from those looking to purchase their first aircraft to seasoned pilots and owners who want to better understand their insurance needs.Resources:Schrager Hampson Aviation Insurance AgencySchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this timely episode of the Pilot Money Podcast, Timothy P. Pope, CFP®, delves into the often-asked question about whether investment strategies should change during an election year. With the U.S. presidential election looming, Tim explores the potential impacts of election outcomes on the financial markets and what investors—particularly pilots—should consider.Tim addresses common concerns about market uncertainty in election seasons and provides a well-rounded view on why maintaining a steady investment approach might be more beneficial than trying to time the market based on election cycles. The discussion is backed by research and data, aiming to debunk myths and offer clarity to investors feeling uneasy about the electoral influence on their portfolios.What You'll learn from this episode:Election Year Market Myths: Understand common misconceptions about the stock market's behavior during election years and why they might be misguided.Strategic Investment Decisions: Insights into how to make informed investment choices without swaying with political changes.The Efficiency of Markets: A deeper look at how markets absorb and reflect available information, including election-related developments.Historical Market Performance: Reviewing data from past election cycles to gauge the real impact of elections on market performance.Practical Steps for Investors: Regardless of the election outcome, learn actionable steps every investor can take to fortify their investment strategy.Join Tim as he navigates these complex questions, providing listeners with the knowledge to make confident investment decisions during politically charged times.Resources:How US Stock Have Behaved in an Election MonthHow Much Impact Does the President Have on StocksSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he welcomes Kevin Walker to the Pilot Money Podcast for an enlightening conversation about aircraft ownership. Kevin, with his extensive experience as an air traffic controller and a general aviation pilot, shares his perspective on owning various types of aircraft over the years.In this episode, Kevin describes his personal journey in aviation, from the early influence of his father to his multiple aircraft ownership experiences. He discusses the practical aspects of owning and operating different aircraft and provides valuable insights on the financial, operational, and emotional facets of ownership.What You'll learn from this episode:Journey Through Aviation: Hear how Kevin's background and family ties to aviation shaped his path and led him to own multiple aircraft.Ownership Realities: Learn about the financial realities of aircraft ownership, including unexpected costs and budgeting for maintenance.Co-ownership vs. singular ownership: Kevin reflects on the benefits and challenges of sharing aircraft ownership versus having one all to yourself.Practical Tips for Buyers: Gain tips on selecting the right aircraft for your needs, considering mission, budget, and future goals.Emotional Rewards of Flying: Despite the costs, Kevin shares why the freedom and joy of flying make ownership worth it.Join Tim and Kevin as they explore these topics, offering both seasoned and aspiring pilots a comprehensive look at what it really means to own an aircraft.Resources:Kevin Walker LinkedInBeacon RelocationSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join host Timothy P. Pope, CFP®, for this episode of the Pilot Money Podcast as he addresses financial questions from two military aviators. Tim provides detailed, actionable insights tailored to the financial questions these pilots have, from optimizing tax free retirement income to timing decisions of major purchases.This Q&A session features questions from an active-duty Navy aviator planning his transition to civilian aviation and contemplating a major real estate purchase, and another pilot seeking insights on the tax free nature of permanent life insurance within the context of comprehensive financial planning.What You'll learn from this episode:Optimizing Finances in the Military: Discover strategies for military aviators to enhance their financial stability and seamlessly transition to civilian careers.Smart Home Buying Tactics: Analyze how timing impacts your decision to purchase a home outright.Retirement Planning for Pilots: Learn about the intricacies of managing transitions between military and civilian flying.Investment Strategies: Understand which investment strategies provide the most efficient long-term tax free retirement income.Maintaining Financial Flexibility: Gain tips on keeping financial options open to adapt to unexpected life changes.Tim's insights underscore the importance of planning, saving, and investing wisely, with a focus on long-term financial health and stability in the aviation industry.Resources:Schedule An Appointment Our Practice's WebsiteSend Us Your Question: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this episode of the Pilot Money Podcast, Timothy P. Pope, CFP® sits down with Preston Holland, Chief Commercial Officer at Firecrown who oversees the Aviation Finance Division. Preston shares the influence aviation had in his early life and how he's become a key player in the aviation media and finance.The discussion highlights the nuts and bolts of aircraft financing and explores how Preston's team, armed with industry knowledge, make the purchasing process easy for pilots. Preston outlines the financing process and tools that empower buyers to make informed decisions.What You'll learn from this episode:Aircraft Financing Simplified: Understand the essentials of financing GA aircraft.Navigating Media and Aviation: Learn about the synergy between aviation media and finance, and how the aviation consumer is benefitting.Financing Tips: Preston offers practical tips on managing the aviation financing process, including how his team's industry knowledge influences the client experience, interest rate and terms. Insider Insights: Gain insights on the “new normal” of pricing in the single/multi engine piston marketFinancial Planning Impact: Tim explores what future aircraft owners should consider when building their portfolios to be ready for an airplane purchase.Join Tim and Preston for an exciting conversation into the GA acquisition experience, where they review the state of the market and provide listeners with the knowledge to purchase their dream aircraft.Resources:Flying FinanceSchedule An Appointment Our Practice's WebsiteSend Us Your Questions: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he continues to unravel the complexities of retirement planning based on airline direct contributions in Part II of this pivotal series. Building on the insights from Episode 13, this episode dives deeper into whether pilots can and should rely only on their company's contributions to secure a comfortable retirement.Timothy breaks down different scenarios based on career length. Using Delta's 2026 pay rates and projections, Timothy discusses the practicality of expecting retirement funds to sustain lifestyle needs post-career. This episode provides an analytical look at investment strategies, potential market behaviors, and how pilots can proactively manage their retirement planning regardless of external economic conditions.What You'll learn from this episode:Why an Early Start is Important: How different career lengths impact your retirement cash flow success rate.Investment Strategy Adjustments: The importance of adjusting your contributions to match market conditions and career timeline.Realistic Financial Planning: Understanding the implications of relying solely on company contributions and the risks involved.Market Variability and Retirement Planning: How to plan for potential market downturns during critical retirement years.Contributing Beyond the NEC: Why it's crucial to consider additional personal contributions to ensure financial flexibility in your working years and financial stability in retirement.This episode builds on previous discussions by equipping pilots with the knowledge to make informed decisions about their financial future, emphasizing the need for comprehensive planning and personal involvement in retirement strategies.Resources:Pilot Money Podcast Ep 13: Apple | SpotifyPilot Money Podcast Ep 2: Apple | SpotifyKitdarby.com Schedule An Appointment Our Practice's WebsiteEmail: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope on this episode of the Pilot Money Podcast as he delves into the intriguing world of real estate investment with Tait Duryea, an airline pilot and real estate entrepreneur. Tait shares his career journey, starting as a passionate aviator influenced by a family legacy at Hawaiian Airlines, to becoming a savvy real estate investor and the CEO of Turbine Capital.In this conversation, Tait explains his initial foray into real estate several years after the Great Recession, his strategic moves through the real estate market, and how he leverages syndications to create passive income streams. The episode also touches on the recent Hawaiian and Alaskan airline merger and its implications, blending industry insights with personal investment strategies.What You'll learn from this episode:Making Real Estate Investments as a Pilot: How Tait balanced his career as a pilot with his ambitions in real estate investing.Navigating Economic Cycles: Strategies for investing in real estate through different economic conditions, including recessions and booms.Syndications and Passive Income: An introduction to real estate syndications and how they can serve as a viable passive income source for busy professionals.A story of Family Legacy: Tait's journey as a 3rd generation professional pilot who carved his own path as a real estate investor.Adapting to Industry Changes: Insights into the airline merger and what it means for pilot careers and opportunities.Tait's story is more than about flying high; it's about staying grounded in sound financial strategies that pilots can adapt to elevate their investment portfolios and secure their financial future.Resources:Tait DuryeaTurbine CapitalSchedule An AppointmentOur Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this Q&A episode of the Pilot Money Podcast, host Timothy P. Pope, CFP® tackles retirement planning questions from listeners. This episode is a Q&A session where Tim addresses questions about optimizing retirement contributions across multiple employer plans and how to best handle bonuses. Join Tim as he explores the intricacies of managing 401(k) contributions and TSP accounts simultaneously, illustrating how pilots can effectively strategize their retirement savings to maximize benefits. The discussions provide clarity on contribution limits, the impact of dual employment on retirement strategies, and the advantages of understanding the IRS guidelines on combined contribution limits.What You'll learn from this episode:How one pilot may maximize bonuses to help with financial flexibility. Understanding Dual Employer Contribution Limits: Tim explains the annual additions limit and how it applies across multiple employment scenarios, including airline and military flying.Strategic Contribution Planning: Insights into balancing contributions between airline 401(k)s and TSP to fully leverage matching benefits.Navigating Complex IRS Rules: A breakdown of how contribution limits work when dealing with multiple retirement accounts to avoid costly penalties and maximize growth.Making the Most of Employer Contributions: Learn how to ensure you're getting the most out of employer matches and non-elective contributions.Planning for Future Flexibility: Discussion on using brokerage accounts and other financial vehicles to provide flexibility in an unpredictable aviation career.The episode concludes with actionable tips and detailed examples to help pilots think about their retirement contributions effectively. Resources:Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he explores the intersection of behavioral finance and personal decision-making with Jennifer Bower, a seasoned financial coach with roots in the aviation community. With her unique blend of intelligence background and financial acumen, Jennifer offers a fresh perspective on tackling financial challenges and behavioral patterns that impact financial health.In this episode, Jennifer shares her transformative insights from a fraud investigator to a financial coach, emphasizing proactive financial management to prevent crises. The discussion revolves around practical strategies for navigating life's major transitions financially, whether it's marriage, divorce, or unexpected life events.What You'll learn from this episode:The Realities of Debt and Financial Mismanagement: Insights into common pitfalls that lead to financial distress and how to avoid them, drawn from Jennifer's firsthand experiences as a fraud investigator at a major financial institution.Applying Behavioral Science to Finance: Learn how behavioral finance can help you understand and modify your financial habits for better outcomes.Financial Coaching Explained: An in-depth look at how financial coaching differs from traditional financial advising, focusing on hands-on, empathetic guidance through personal finance.Navigating Life's Financial Transitions: Strategies for managing financial decisions during major life changes such as moves, marriage or divorce.Building a Values-Aligned Financial Plan: Discover how to align your financial actions with your personal values and goals, reducing stress and increasing satisfaction with your financial decisions.Planning with Margin of Safety: Tim discusses the importance of building financial plans that allow for unexpected events, emphasizing the need for a margin of safety in personal finance.Join Tim and Jennifer for a conversation that dives into strategic financial planning while addressing the emotional and psychological aspects of managing money. This episode is crucial for anyone looking to enhance their financial well-being through informed, empathetic approaches to personal finance management.Resources:Jennifer BowerFortuna MoneySchedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, as he delves into an intriguing financial analysis in this solo episode of the Pilot Money Podcast. Drawing from the energetic discussions with Jason DePew on achieving early financial independence, Tim pivots to a scenario that many pilots might ponder: Can relying solely on company contributions suffice for a comfortable retirement? This episode unpacks the realities of pilot contracts, company contributions, and the lifestyle choices that affect financial planning for retirement.Tim breaks down the specifics of retirement contributions among major carriers, exploring whether pilots can safely depend on these contributions to sail smoothly into retirement without additional savings. With detailed assumptions and a step-by-step analysis, Tim aims to answer a question that challenges conventional retirement planning wisdom.What You'll learn from this episode:Understanding Retirement Contributions: Insights into how major airlines structure their retirement contributions and what that means for you.Analyzing Financial Independence: A critical look at the feasibility of relying solely on employer contributions for retirement, considering different career lengths and lifestyle choices.Strategic Financial Planning: Learn about the impact of early savings versus relying on late career “catch up contribution” and how compounding plays a crucial role over time.Real-Life Financial Modeling: Tim shares his process for modeling retirement scenarios, providing listeners with a framework to apply to their own financial planning.The Importance of Personal Contributions: A discussion on when it may be necessary to go beyond company contributions to ensure financial stability in retirement.Join Tim as he navigates through financial models and provides pilots with the tools and insights needed to make informed decisions about their retirement planning. Whether you're early in your career or nearing retirement, this episode offers valuable lessons on preparing for your financial future.Resources:Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP®, a financial planner who specializes in the planning needs of professional pilots, as he welcomes Captain Jason DePew to the Pilot Money Podcast. Jason DePew, a captain at a major airline and personal finance enthusiast, shares his journey towards financial independence. This discussion is not just about numbers; it's a deep dive into the disciplined financial strategies and mindset that have shaped Jason's approach, reflecting on the parallels between piloting and financial planning.In this episode, Jason discusses the importance of knowing your retirement number—the amount you need to sustain your lifestyle once you step away from the flightdeck. He breaks down how to calculate this figure and adjust your savings strategy whether you're decades away from retirement or just rounding the corner.What You'll Learn from This Episode:Calculating Your Retirement Number: Jason explains how he determined the amount of money he would need to maintain his lifestyle if he never flew another flight. Embracing Simplicity in Financial Planning: Discover why a simple, disciplined approach to investing can be incredibly effective without introducing complexity in your financial position.Building and Maintaining Good Savings Habits: Learn the importance of starting early with robust savings habits, particularly for those pilots 25 to 30 years from retirement.Reflect on Financial Decisions: Gain insight into the value of disciplined financial planning and how it can prevent common pitfalls such as lifestyle creep and speculative investing.Adapting Financial Strategies Over Time: Explore how your financial needs change during your working years and during retirement: affectionately called the "go-go," "slow-go," and "no-go" years. of retirement and how to plan for these shifts.Join Tim and Jason for a conversation that blends personal anecdotes with professional advice, illustrating how understanding the fundamentals of finance can lead to financial independence long before retirement!Resources:Jason's Linked In PagePilot Math Treasure BathSchedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP® in this relatable solo episode of the Pilot Money Podcast. Tim shares a personal story about his recent close-call with impulse buying. Tim explores the triggers and tactics he used to maintain financial discipline. This episode also touches on Tim's passion for aviation and his recent flights with his family. Listen as Tim recounts back-to-back moments of resisting the temptation to clean out the shelves at a local hardware store and avoiding making a fun but untimely large purchase. He shares his strategies for staying true to his financial goals despite strong impulses to buy. This episode is packed with insights on recognizing and managing emotional spending triggers, practical advice on maintaining financial health, and how to involve family in financial decisions to create accountability and support.What You'll learn from this episode:Understanding emotional spending: Learn about the psychological triggers of impulse buying and how to identify your own.Strategies to combat impulse purchases: Tim shares effective techniques for resisting the urge to make unplanned purchases, including practical tips like discussing potential buys with family or using financial planning tools.The role of communication in financial health: gain insights into how open conversations about finances with family members can help manage spending impulses.Reflections on financial decision-making: Tim reflects on how revisiting financial plans and goals can help steer clear of detrimental financial decisions and provides a framework for listeners to apply in their own lives.This episode not only offers personal stories but also equips you with the tools to navigate your financial journey with more confidence and control.Resources:Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this eye-opening episode of the Pilot Money Podcast, Timothy P. Pope, CFP® sits down with Nik and Anna Fialka for a deeply personal and insightful conversation about the financial challenges and triumphs of a pilot's family. Nik, the host of "Ready for Pushback," and Anna, the unsung hero managing the behind-the-scenes dynamics of the Fialka household, share their unique perspectives on navigating the unpredictable financial landscape of the aviation industry. From enduring years of income uncertainty and making tough sacrifices to finally achieving financial stability and planning for the future, this episode is a candid exploration of the highs and lows of a pilot family's journey. Listeners will learn valuable lessons on saving, budgeting, investing and the importance of resilience and teamwork in facing financial challenges head-on.What You'll learn from this episode:The importance of saving and financial planning for families in the aviation industry with an emphasis on the unpredictability of income amid career transitions.Practical strategies for managing finances during periods of low income, including prioritizing needs, making difficult sacrifices, and the value of perseverance and resilience.Insights into the challenges of adjusting to a higher income, the temptations of increased spending, and the discipline required to build savings and invest in the future.The significance of making financial decisions as a couple, including budget meetings, prioritizing spending, and the impact of financial choices on relationships and family dynamics.Reflections on the value of experiences over material possessions, teaching children about money management, and the importance of living within one's means to ensure long-term financial security and happiness.Nik and Anna's story is a testament to the strength and determination required to navigate the financial turbulence often encountered in the aviation industry. Their experiences offer valuable lessons on the importance of saving, the challenges of financial management at different income levels, and the critical role of communication and shared goals in achieving financial stability.Resources:Ready For Pushback 21.FIVE - Professional Pilots Podcast - Ep. 71. "What's it like to be married to a pilot and raise a family?"Schedule An AppointmentOur Practice Website Disclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this light but insightful episode, Timothy P. Pope, a CERTIFIED FINANCIAL PLANNER™ who specializes in the planning needs of professional pilots, draws parallels between the game of Monopoly and real-world financial planning. After delving into technical topics in previous episodes, Tim decides to share a more relaxed conversation about five crucial financial planning lessons he observed while playing Monopoly with his children. Through the lens of Monopoly, Tim discusses the importance of income-producing assets over mere cash holdings, the critical role of timing in financial decisions, the necessity of understanding and optimizing your investment portfolio, the impact of emotions on financial strategies, and the process-oriented nature of successful financial planning. This episode not only promises a fun listening experience but also delivers practical financial insights that listeners can apply to their own lives.What You'll learn from this episode:The importance of Income-Producing Assets: Why relying solely on cash might not be the best strategy for long-term financial success.Timing is Everything: How the timing of financial decisions can significantly impact your financial health.Optimizing Your Portfolio: The importance of understanding how your assets work together to achieve your financial goals.Emotions and Financial Decisions: The dangers of letting emotions drive your investment strategies.Financial Planning as a Process: The journey from relying on a paycheck to generating significant returns from your investments.Resources:Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
As tax season is in full swing, now is the perfect time for pilots to begin thinking about the next year. What went well last year and what do you want to change for next year's tax season? In this episode we explore real estate investment opportunities with an emphasis on proactive tax planning strategies. Whether actively managing properties or investing passively, real estate offers unique tax advantages for pilots seeking to diversify their portfolio, generate cash flow, build wealth and potentially off-set W-2 income. As founder of Summit ATS (advanced tax strategies) Billy Withers joins us to share valuable insights on how pilots can use real estate investments to minimize tax liabilities. For pilots with an interest in real estate, there are many on-ramps that may suit your lifestyle and financial goals. What You'll learn from this episode:Several real estate investment strategies tailored to pilots' financial situations, from passive investing to active management.When tax planning is done properly, you eliminate last minute surprises and tax season becomes a formality, not a fire drill.The requirements for achieving real estate professional status and how pilots can participate by leveraging their time effectively.By self-managing short-term rentals like vacation properties, crash pads, etc. pilots can utilize depreciation and other tax benefits to reduce high W-2 tax liabilities.The tax characteristics of passive investments, including deferred taxation and strategic reinvestment strategies.Resources:Billy's LinkedIn ProfileSummit ATSSchedule An AppointmentPractice Websitepilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this episode, CERTIFIED FINANCIAL PLANNER™ Timothy P. Pope delves into the intricacies of the backdoor Roth IRA strategy. He explains how this method allows high income earning pilots to bypass income limits and contribute indirectly to a Roth IRA, providing valuable insights and considerations for implementation. Tim explains how modified adjusted gross income (MAGI) affects eligibility for Roth IRA contributions and why it's important to track your compensation growth.Tim outlines common scenarios where pilots may inadvertently contribute more than allowed to a Roth IRA. He also discusses two primary methods to fix these excess contributions: removal and recharacterization. Tim explains the process for each method, highlighting considerations such as tax implications and timing requirements. Lastly, Tim emphasizes the importance of assessing existing IRA accounts and potential tax implications before executing a backdoor Roth IRA strategy.What You'll learn from this episode:Roth IRAs offer tax-free growth potential, but eligibility is subject to income limits based on Modified Adjusted Gross Income (MAGI)Making contributions to a Roth IRA while exceeding income thresholds may necessitate corrective action, such as excess contribution removal or recharacterization. The pro-rata rule: What is it? How it's enforced by the IRS and how it affects individuals with pre-tax IRA balances. Why consideration of pre-tax IRA balances and potential tax implications is crucial before executing a backdoor Roth IRA conversion.Why pilots need to assess their current financial circumstances and tax planning needs before executing on these strategies.Resources:IRS Form 8606 - Instructions Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Tim hosts Dylan and Max from the 21. Five Show in this episode. Dylan and Max reflect on their experiences during various aviation downturns, spanning their 20-year careers. Max shares his proactive approach to mitigating career risks by diversifying his skill sets. Dylan talks about getting laid off right before his wedding and emphasizes the necessity of maintaining an emergency fund to weather unforeseen challenges. They caution against making long-term financial commitments at the peak of prosperity, urging newcomers to exercise restraint and avoid overextension. Dylan highlights the value of networking and building relationships within the aviation community, emphasizing its role as a safety net during career turbulence.What You'll learn from this episode:Why an emergency fund is an important foundation to your financial planWhat should your emergency fund target be based on your family's income and industry factsCan you have too much or too little cash and how to reconcile your risk tolerance and your risk capacityHow networking can have a direct impact on your financialsWhy diversifying beyond retirement accounts can help stabilize your finances during a down-turn Resources21.Five Podcast21.Five Show LinkedIn PageSchedule An Appointment Our Practice's WebsiteEmail: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this episode, Tim tackles some burning questions from an enterprising business aviation airman. Due to the airlines sucking a lot of talent from business aviation, this airmen is flying high but grappling with a looming tax bill from his side hustle.While business is good, this airman also acknowledges it's hard to ignore major airline pay with recent contract improvements and record retirement contributions. He wants to know how to survive the financial turbulence of reduced pay in the first year of airline flying. Lastly this airman inquires about a way to view side by side retirement projections if he stays in his current gig or takes the leap to 121 flying. What You'll learn from this episode:How to make the retirement account limits work for youWhat else to think about beyond having your business run through an LLC or other entity structureWhy keeping proper accounting records matter when you're self employedHow to survive first year pay at the airlines.How we approach retirement projections for pilots changing careersResourcesSchedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.comDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this episode, Dr. Christopher Broyhill takes us on a journey through the intricacies of business aviation compensation. Buckle up as we explore the world of pilot salaries, organizational cultures, and a new tool that keeps business aviation pilots informed.If you've ever wondered if you're soaring at the right altitude in terms of compensation as a business aviation pilot, your questions now have answers. The Air Comp Calculator is a tool designed to help aviation professionals assess their pay against market rates. Dr. Broyhill discusses how this calculator gives individuals the power to make informed decisions about their careers.What You'll learn from this episode:Factors influencing business aviation compensation today Why you shoulder more responsibility when it comes to retirement savingsHow to assess if you're being paid the market rate as a business aviatorHow to navigate “tight” payband issues in corporate flight departmentsThe relationship between organizational culture, quality of life and compensationResourcesSchedule An Appointment Our Practice's Website AirComp CalculatorDr. Christopher Broyhill's LinkedIn PageDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Join Timothy P. Pope, CFP® as he discusses three key strategies for pilots to maximize their career opportunities. With airline career values easily surpassing the 10 million dollar mark, pilots owe it to themselves to be an active participant in their financial success. Tim points out the importance of tracking your cash and while acknowledging there's a point in your financial journey where that becomes less important. HINT: That's the goal for everyone! Tim then discusses why different systems of budgeting work for different people. Everyone is different and the most important thing is that you use a system that works for you. Lastly, Tim provides an update on the 2024 contribution limits of qualified accounts. Just by stringing a few of these accounts together, you can save quite a bit in a tax advantaged way. Learn which accounts you might have access to and how you can make maximum contributions.What You'll learn from this episode:Why and when it's important to track your cashWhat can you learn from your budget and what to do with that informationWhat's the best way for YOU to keep a budget?What are the 2024 contribution limits?What to watch out for before you maximize your Roth IRA and HSA accountsWant to know what we think? Send your questions to info@pilotmoneypodcast.com ResourcesSchedule An Appointment Our Practice's Website Disclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
It's a fantastic time to be a professional pilot. Timothy P. Pope, CFP® and Kit Darby jump into the current trends and drivers of airline compensation in this last round of contract negotiations. Kit brings his extensive aviation experiences to the table. Kit discusses the wild fluctuations in aviation compensation, detailing the impact of shortages, recessions, and COVID-19 on pilot wages. Kit Compares compensation across the regional carriers and major airlines and highlights the significant shifts in pay scales and retirement benefits. Tim and Kit also discuss recent developments in the cargo sector, including early retirement bonuses and FedEx's offer to its pilot group. Kit shares why forecasting the future of aviation growth is so difficult but points out that half of the equation still looks strong for the next 4 or 5 years. Tim and Kit discuss Kit's services for individual pilots, covering resume review, application guidance, interview preparation, and Expert Witness Services for career value assessments in case of injury or loss.What You'll Learn in This Episode:What's impacting airline compensation right nowWhy you should plan for an economic down-turn in your careerWhy US airlines are in a position strongly compete in a global market2 ways you can make an economic down-turn a personal non-eventWhat are Expert Witness Services and why they should be on your radarResourcesSchedule An AppointmentOur Practice's WebsiteKitdarby.com 2023 Major Airline Salary SurveyDisclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
In this episode, Timothy P. Pope, CFP® welcomes you to the Pilot Money Podcast. He shares his background in financial planning and discusses merging his experience as a CERTIFIED FINANCIAL PLANNER™ with his passion for aviation. Tim outlines how listening to this show is going to help you, the professional pilot, level up your financial planning and provides you a roadmap of what to expect in each episode. Tim finishes the episode challenging you to make sure your money is helping you make the most out of life. Answer the three questions at the end to do a quick self-diagnosis on the health of your financial planning.What you'll learn from this Episode:Who is Timothy P. Pope, CFP®?What is financial planning and why it's important to work with someone who understands the professional pilot?Three questions to ask yourself to determine if you're on track with your financial planning.How to engage with the Pilot Money PodcastResourcesSchedule an appointment Our Practice's Website Disclosure:Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim's Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900. The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
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