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 market
• Financial 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 Finance
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: 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®, 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 | Spotify
Pilot Money Podcast Ep 2: Apple | Spotify
Kitdarby.com
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: 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 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 Duryea
Turbine Capital
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: 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 Q&A episode of the Pilot Money Podcast, host Timothy P. Pope, CFP® tackles retirement planning questions from pilot 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
Send Us Your Questions: 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®, 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 Bower
Fortuna Money
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: 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®, 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
Send Us Your Questions: 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®, 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 Page
Pilot Math Treasure Bath
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: 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:

• 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
Send Us Your Questions: 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.