Tax planning might not be the most exciting topic, but it's certainly an important one. In this week’s episode, Scott and Marc chat about the differences between traditional 401ks and the increasingly popular Roth 401k when it comes to taxes. For pilots, the 401k is often the largest wealth-building tool, so it’s very important to understand how to navigate them and how they could affect your taxes now and in the future.
This week on the Wealthy Pilot’s Podcast, we’re focusing on interest rates and their impact on the stock and bond market. With recent fluctuations in the market and potential rate changes on the horizon, it's crucial to understand how these factors can affect your financial strategy, especially for those nearing retirement.
Election years can stir up uncertainty, especially in the financial markets. But how should pilots, with their unique financial situations, navigate this turbulence? Stay tuned as Scott and Marc dive into the effects of election cycles on investing, finance, and retirement planning.
Many people default to Traditional IRAs or 401(k) plans simply because it's the path of least resistance. Employers often enroll new hires in these plans automatically, and many financial advisors and CPAs recommend them for immediate tax benefits. But is this always the best strategy for your long-term financial picture?
Have you ever heard of the financial red zone? This is the crucial window spanning the last ten years before retirement and the first five years after. Mistakes made during this period can have long-lasting repercussions, potentially derailing your retirement plans.
The Airline Advisor
Phone: (419) 314-4139
Email: scott@patriotwealthplanners.com
Address: 1700 Woodlands Dr, Maumee, OH 43537
