About Walter Storholt

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So far Walter Storholt has created 28 blog entries.

Need Cash Fast? The Best & Worst Ways for Pilots to Borrow Money

Whether it's for a home remodel, a major purchase, or just to cover unexpected expenses, where should you turn for cash when you need it? In today’s episode, Scott breaks down the three primary avenues for obtaining cash: 401(k) loans, Home Equity Lines of Credit (HELOCs), and personal loans.

By |2025-02-06T19:53:42+00:00February 6, 2025|Podcast|0 Comments

Should You Own Airline Stock?

Should you own airline stock? With the airline industry experiencing a rollercoaster of performance this past year alone, it’s an interesting question to discuss. In this week’s episode, Scott and Marc explore the complexities of investing in airline stocks and how emotional biases can influence investment decisions.

By |2025-01-30T12:01:20+00:00January 30, 2025|Podcast|Comments Off on Should You Own Airline Stock?

What Pilots Should Do With Their Profit-Sharing Bonus

Delta’s record-breaking $1.4 billion profit-sharing payout for 2024 has employees buzzing, with many set to receive an average of five weeks’ pay as their share. If you’re a pilot benefiting from this bonus, what’s the best way to put it to good use?

By |2025-01-23T13:32:41+00:00January 23, 2025|Podcast|Comments Off on What Pilots Should Do With Their Profit-Sharing Bonus

Fiduciary Failure? Lessons From the American Airlines ESG Lawsuit

In this episode, Scott and Marc chat about a recent lawsuit filed by an American Airlines pilot, which challenged the integration of ESG criteria into the company’s 401k plans. This opens up a wider discussion about the importance of transparency and fiduciary responsibility in retirement planning.

By |2025-01-16T21:26:13+00:00January 16, 2025|Podcast|Comments Off on Fiduciary Failure? Lessons From the American Airlines ESG Lawsuit

Additional Places to Save Beyond Your 401(k) in 2025

We’ve all heard about the importance of contributing to a 401(k) for retirement. But is it really enough on its own? For some, maybe it is, but it’s always wise to explore other options and keep an open mind. In this episode, Scott dives into a range of strategies that could help you build wealth for retirement, from Roth IRAs and the "backdoor" Roth to life insurance, real estate investments, and tax loss harvesting.

By |2025-01-06T21:28:17+00:00January 9, 2025|Podcast|Comments Off on Additional Places to Save Beyond Your 401(k) in 2025

Where Pilots Should Contribute Their Earnings In 2025

In this episode of the Wealthy Pilots Podcast, Scott Osborn breaks down where to contribute your money in 2025. Learn why diversifying your savings across Roth, tax-deferred, and taxable accounts can help you retire with more flexibility and fewer tax headaches. Discover simple tweaks that can make a big difference for your future—whether you’re just starting or already maxing out your 401(k).

By |2025-01-02T13:42:42+00:00January 2, 2025|Podcast|Comments Off on Where Pilots Should Contribute Their Earnings In 2025

United Airlines Pilots Reject Their 2024 Contract?

In this episode of The Wealthy Pilot’s Podcast, we discuss recent developments in market-based cash balance plans within the airline industry, focusing on United Airlines pilots’ rejection of their proposed 2024 contract. Scott and Marc break down how these unique retirement plans work and why pilots are concerned about their long-term financial benefits.

By |2024-12-23T20:20:06+00:00December 26, 2024|Podcast|Comments Off on United Airlines Pilots Reject Their 2024 Contract?

What Fed Rate Cuts Could Mean for Your Finances in 2025

In this episode of The Wealthy Pilot’s Podcast, Scott and Marc break down the latest Federal Reserve rate cuts and explore what they mean for the economy, businesses, and financial planning. With interest rates on the decline, they discuss how this could impact mortgage affordability in 2025 and why large companies are likely to make more aggressive investments. They also dive into the potential opportunities these rate cuts present for investors.

By |2024-12-19T21:24:56+00:00December 19, 2024|Podcast|Comments Off on What Fed Rate Cuts Could Mean for Your Finances in 2025

End of Year Financial Planning for Airline Pilots

As the year draws to a close, it's the perfect time to take a step back and review your financial planning. In this episode, Scott discusses important year-end strategies to help you optimize your finances before December 31. He covers key topics like Roth conversions, tax loss harvesting, HSA contributions, and other essential tasks that could make a big impact on your financial situation.

By |2024-12-12T14:09:39+00:00December 12, 2024|Podcast|Comments Off on End of Year Financial Planning for Airline Pilots

Protecting Your Finances During Airline Turmoil

In this episode of The Wealthy Pilots Podcast, Marc and Scott dive into the current state of the airline industry and chat about both the challenges and successes some airlines are facing. From record travel numbers to struggling airlines like JetBlue and Spirit, they discuss how rising fuel costs and labor issues are affecting profitability.

By |2024-12-04T21:02:37+00:00December 5, 2024|Podcast|Comments Off on Protecting Your Finances During Airline Turmoil
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