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.

Plus, Scott offers a look ahead to 2025, with insights into changes in tax brackets, contribution limits, and how strategic adjustments today can set you up for a more secure financial future. Tune in for some great insights before the year wraps up!

Here’s some of what we discuss in this episode:

0:00 – Intro

1:40 – When you need to get contributions in

3:54 – Tax loss harvesting

6:20 – Considerations for business owners

8:21 – Contribution limits

10:11 – HSAs

13:51 – Federal tax brackets

15:50 – The power of small adjustments

Resources:

Schedule A Call with Scott: http://callosborn.com/

Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii

The Pilot's Planner Website: https://thepilotsplanner.com/

Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner