Pilot’s Portfolio

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:

• How to make the retirement account limits work for you
• What else to think about beyond having your business run through an LLC or other entity structure
• Why keeping proper accounting records matter when you're self employed
• How to survive first year pay at the airlines.
• How we approach retirement projections for pilots changing careers

Resources
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [email protected]

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.

Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.

Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

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:

• Factors influencing business aviation compensation today 
• Why you shoulder more responsibility when it comes to retirement savings
• How to assess if you’re being paid the market rate as a business aviator
• How to navigate “tight” payband issues in corporate flight departments
• The relationship between organizational culture, quality of life and compensation

Resources
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [email protected]
AirComp Calculator
Dr. Christopher Broyhill's LinkedIn Page

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.

Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.

Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

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:

• Why and when it's important to track your cash
• What can you learn from your budget and what to do with that information
• What's the best way for YOU to keep a budget?
• What are the 2024 contribution limits?
• What to watch out for before you maximize your Roth IRA and HSA accounts

Resources
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [email protected]

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.

Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.

Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

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:

• What's impacting airline compensation right now
• Why you should plan for an economic down-turn in your career
• Why US airlines are in a position strongly compete in a global market
• 2 ways you can make an economic down-turn a personal non-event
• What are Expert Witness Services and why they should be on your radar

Resources
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [email protected]
Kitdarby.com 
2023 Major Airline Salary Survey

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.

Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.

Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

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:

• Who is Timothy P. Pope, CFP®?
• What is financial planning and why it's important to work with someone who understands the professional pilot?
• Three questions to ask yourself to determine if you're on track with your financial planning.
• How to engage with the Pilot Money Podcast

Resources
Schedule An Appointment
Our Practice’s Website
Send Us Your Questions: [email protected]

Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot’s Portfolio, in its separate and individual capacity.

We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.

Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.

Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer.