Oct 22, 2021
Pilot Money Guys: Kids and Money! Welcome to Flight #18, where we are discussing kids and money!This podcast is all about helping your kids take the first steps to financial freedom and independence. We discuss some of the steps we all wish we would have taken when we were first starting out as new savers […]
Oct 18, 2021
Pilot Money Guys: New Tax Changes In this episode of the Pilot Money Guys, we are joined by the Professor, Kevin Gormley CPA & CERTIFIED FINANCIAL PLANNER, to discuss the latest proposed tax changes.Although these are subject to change, there are things that you need to know to be prepared. Some changes we discuss:1. Capital […]
Oct 7, 2021
Pilot Money Guys: The 4% Rule Welcome to Flight #16! On this podcast, we are talking about a commonly used rule-of-thumb for taking retirement income distributions. The 4% rule is meant to help you easily determine how much you can withdrawal from your retirement accounts each year, without running out of money in retirement. The […]
Sep 30, 2021
Pilot Money Guys: Changing Your Domicile to Avoid State Taxes! Your domicile is defined as your permanent home where you pay your state income taxes. For most people, your domicile is straightforward, however, for those with multiple residences domicile can be hard to establish. And maybe even a little tempting to lean toward the lower tax […]
Aug 3, 2021
Typically, taxpayers with income under $400,000 MAGI, married filing jointly, received a $2,000 tax credit per child under the age of 17 to offset your tax bill. This year, instead of getting the credit on your taxes, a portion of the credit will be paid out in advance over the next 6 months. If you count on the tax credit to offset your tax bill, you could be in for a big surprise!
Jun 24, 2021
In this episode, we are taking on the hot topic of Options Trading. We’ve had a few pilots come to us with questions about Option Trading after hearing about them on trips. We are here to address these questions and give our thoughts!
Jun 16, 2021
Taxes are a very emotional issue, and this can affect our behaviors. Sometimes we let our emotions make decisions for us, such as the example where I’m not going to pay taxes no matter what or as little as possible no matter what. Just be aware that even though its painful, sometimes it might be smarter to just pay that tax.