Pilot Money Podcast

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: 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 Page Pilot Math Treasure Bath Schedule An Appointment Our Practice’s Website Email: pilotmoneypodcast@ceterainvestors.com 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® 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: 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.com 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 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: 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 Appointment Our 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: Resources: Schedule An Appointment Our Practice’s Website Email: pilotmoneypodcast@ceterainvestors.com 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.

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: Resources: Billy’s LinkedIn Profile Summit ATS Schedule An Appointment Practice Website pilotmoneypodcast@ceterainvestors.com 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 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: Resources: IRS Form 8606 - Instructions Schedule An Appointment Our Practice’s Website Email: pilotmoneypodcast@ceterainvestors.com 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.

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: Resources 21.Five Podcast 21.Five Show LinkedIn Page Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.com 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 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: Resources Schedule An Appointment Our Practice's Website Email: pilotmoneypodcast@ceterainvestors.com 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 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: Resources Schedule An Appointment Our Practice's Website AirComp Calculator Dr. Christopher Broyhill's LinkedIn Page 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 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: Resources Schedule 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: Resources Schedule An Appointment Our Practice's Website Kitdarby.com 2023 Major Airline Salary Survey 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 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: Want to know what we think? Send your questions to info@pilotmoneypodcast.com Resources Schedule 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.