Pilot Planning
Pilot Planning Blog

Inherited IRAs Not Protected From Bankruptcy

In a previous blog post, Family Wealth Creation & Preservation: Multi-Generational IRA, I discussed the opportunity many pilots have in enhancing their legacy by turning their IRA savings into a multi-generational tax shelter for their families. However, a recent Supreme Court ruling (Clark v. Ramek[...]

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New After-Tax Rollover Rules: Helpful and Tax Payer Friendly

While not widely used or known, some employer sponsored retirement plans, including pilot 401(k) plans, allow you to put after-tax money into the account. This is different from a Roth 401(k), which is also after-tax but subject to salary deferral contribution limits. These after-tax contributions m[...]

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Survivorship Guidance Planning

Just like a pilot’s responsibility extends well beyond the Flight Plan, wealth management means more than just having an investment plan. We view wealth management as managing all aspects of a family’s financial life. As a family, how do you prepare for the unexpected -- such as the loss of a lo[...]

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Family Wealth Creation & Preservation: Multi-Generational IRA

Did you know that you might already have a multi-generational tax shelter that can multiply your family wealth? It’s your IRA! For the pilots I work with, their IRA is typically their single largest asset. They worked hard accumulating those assets and want to make sure they are sufficient for [...]

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The Art of Retirement Income: Making the Most of Your Savings

When I work with pilots to create a retirement income stream, I liken it to mountain climbing. If you ask most people what the goal of mountain climbing is, they often say “to get to the top”. The real goal is to not only make the climb up, but to get back down the mountain safely. In fact, more[...]

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What is a Financial Plan?

The financial landscape for pilots has changed since 2008, requiring a new and focused process for you to meet your retirement planning goals. Pilots have to realize that they need to take a more active role in their financial planning, but it requires time, knowledge, expertise and confidence. Many[...]

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Market Timing vs. Retirement Planning… Do You Know The Difference?

Can a market timing newsletter help you arrive safely at your retirement destination? A recent CNN Money article, “American Airlines employees locked out of 401(k) funds,” reported on pilots who had been banned for a year from trading in their T. Rowe Price 401(k) plans because they had been[...]

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Investment Basics: Rebalancing

When we work with our pilot clients, we follow a disciplined process to make the most of their retirement plan over time. We follow a number of steps to develop a customized financial plan, and then build a portfolio that we believe will accomplish that plan. One important step in our work with [...]

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Medicare 101

You have enough to worry about in coordinating all of your airline benefits paperwork as your mandatory retirement date begins to approach: retirement benefits, health benefits, annuity elections, and of course your last flight details. So when you turn 65 you go on Medicare, right? If it were only [...]

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How to Maximize Your Pension Plan Payments in Retirement

Your airlines pension plan, or defined benefit plan (A Plan/PBGC), is designed to provide you with a lifetime of income in retirement ? your retirement “paycheck”. The income you receive from your pension plan is determined by a formula based on years of service, your earnings and age. When the [...]

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