The Pilot Money Guys

Airline News: Pilot retirement age 67!!! Maybe... https://www.usnews.com/news/us/articles/2023-06-14/u-s-house-panel-votes-to-raise-commercial-pilot-retirement-age-to-67#:~:text=%22While%20commercial%20airline%20pilots%20are,help%20address%20a%20pilot%20shortage The pilot age proposal faces opposition from unions and an uncertain fate by a U.S. Senate committee, which will consider its version of...

Airline News: American Airlines, FedEx Agreements in Principle: AIP...    How To Think About Your Health And Improve Your Quality Of Life Now And In Retirement Sources:   Financial wellness can increase the quality of your physical health. High levels of financial stress manifest through physical symptoms like sleep loss, anxiety, headaches/migraines, compromised immune systems, digestive issues,...

Questions From The Flight Deck :  What the heck is ChatGPT, and what jobs will most be impacted? What is it...? https://en.wikipedia.org/wiki/ChatGPT What jobs are at risk...?  https://www.visualcapitalist.com/cp/which-jobs-artificial-intelligence-gptimpact/ What about ChatGPT from an investing perspective? ETFs: AIQ, BOTZ, ROBT, AIEQ – see Kwanti. https://www.visualcapitalist.com/how-smart-is-cha...

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?!? Actually, a friend of a friend of Pavarotti... Samir Sanbar . Previously served at the United Nations as...

Aviation News: Age 67 retirement? - https://www.lgraham.senate.gov/public/index.cfm/2023/3/graham-senators-reintroduce-bill-to-address-pilot-shortage#:~:text=The%20legislation%3A,be%20renewed%20every%20six%20months Bill reintroduces Let Experienced Pilots Fly Act…. Pilot Incapacitation recent events, Southwest, Envoy, and others https://www.youtube.com/watch?v=hPUbr6SPcy8     Questions From The Fl...

Questions from the Flight Deck: What if the US Dollar is not the dominant world currency? https://www.visualcapitalist.com/cp/how-reserve-currencies-evolved-over-120-years/   Part 1 : How to know how much FDIC insurance you have? https://edie.fdic.gov/calculator.html ?  Should we be nervous about the banking system? There is no safer place... How much can I actually hold in my bank account, FDIC i...

Craig Piepe r Publisher & Founder of Aero Crew News   Scott Rehn CEO of Aero Crew Solution s & Co-Founder of Aero Crew N ews   Craig Pieper's Linkedin   Scott Rehn's Link e din   Make sure to follow Aero Crew News on Facebook , Instagram , & Twitter   Aero Crew Solutions Phone Number: 484-NEW-NEWS    

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...

How to Be a Real Estate Professional & Save on Taxes   with Gina Roth   (4:30) H ow do you recommend selling your primary residence and ensure you don't pay taxes?   Y ou have to live in it as your primary residence for two out of the trail ing five years   Once you complete this, it is free capital gains   Married: $500,000 exclusion   Single: $250,000 exclusion   These can include any improvemen...

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: Mother and father...encouraging You develop...

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 i...

Airline News Delta Airline Pilot Contract Updates: https://www.cnbc.com/2022/12/03/delta-pilots-would-get-more-than-30percent-in-pay-raises-under-new-contract-deal.html The agreement includes an 18% increase on the day the contract is signed, then a 5%  increase one year later and two 4% raises in each of the following years. It also includes  a one-time payment of 4% of 2020 and 2021 pay each, pl...

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. December 23, 2022, passed the Consolidated Appropriations Act of 2023, an omnibus spending bill that includes the much anticipated and long-awaited retirement bil...

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 Bur e au of Economic Research ) recession declared. See Flight #33 for "Inverted Yield Curve – Canary in the Coal Mine ." https://podcasts.apple.com/us/podc...

Resources: https://awealthofcommonsense.com/2013/08/ignore-noise/ https://podcasts.apple.com/us/podcast/stay-wealthy-retirement- show/id1260181429?i=1000470057040 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; down...

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?   L...

Q&A: Most common client questions lately: Will I have to change my retirement goals or retirement income due to the down market? Short-term risk versus long-term risk, taxes, inflation, overspending Sequence of return risk... https://www.schwab.com/learn/story/timing-matters-understanding-sequence-returns-risk  Worst year ever for bonds? https://www.advisorperspectives.com/articles/2022/10/17/six-...

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...

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...

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 fo r more. Q&A: Most common client questions lately: o Headlines –...

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: Paying...

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...

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 wh...

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 la...

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   Even though past returns are not indicative of future performance, Value investing has shown to do well during periods of higher inflation.    The recent poor performance of Value investin...