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Leading Edge Financial Planning
United States
Приєднався 4 сер 2015
At Leading Edge Financial Planning, we believe in a better approach to objective financial advice. Using a fee-only, no-commission business model focused specifically on meeting your goals, we provide unbiased fiduciary advice that is at all times in your best interest. We specialize in working with airline pilots and high income families across the country, fusing wealth management, retirement planning, and tax strategies. For more information about our services visit our website www.leadingedgeplanning.com
United Airlines LOA November, 2024
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If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available.
Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, leadingedgeplanning.com/
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Leading Edge Financial Planning LLC (“LEFP”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where LEFP and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.leadingedgeplanning.com.
The information provided is for educational and informational purposes only and does not constitute investment advice, and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status, or investment horizon. You should consult your attorney or tax advisor.
The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance, and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability, or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.
If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available.
Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, leadingedgeplanning.com/
____________
Leading Edge Financial Planning LLC (“LEFP”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where LEFP and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.leadingedgeplanning.com.
The information provided is for educational and informational purposes only and does not constitute investment advice, and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status, or investment horizon. You should consult your attorney or tax advisor.
The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance, and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability, or completeness of, nor liability for, decisions based on such information, and it should not be relied on as such.
Переглядів: 14
Відео
Inheriting Money: IRS Rules You Need to Know
Переглядів 9516 годин тому
In this video, Kevin Gormley and Travis Reader, both CERTIFIED FINANCIAL PLANNERs® from Leading Edge Financial Planning, dive into what you need to consider when you inherit money. Whether it's a taxable brokerage, IRA, or Roth IRA, understanding the tax implications and required distributions is crucial. Kevin and Travis explain the three most common types of accounts you may inherit and walk ...
Flight #92: Tax Strategies, Future Savings, and Retirement Efficiency
Переглядів 2614 днів тому
DESCRIPTION Curious about strategies pilots can use to maximize tax efficiency? In this episode, we’re tackling hard-hitting tax numbers, future-focused savings strategies, and essential tax changes on the horizon, especially for those over 60. You’ll learn the ins and outs of tax deductions, even on W-2 income, and tips for maximizing tax-efficient retirement income. We’ll also cover the benef...
Flight #91: Real Estate Investing with Micah Porter
Переглядів 714 днів тому
DESCRIPTION Should you get into real estate investing? In this episode, we sit down with former Top Gun Navy and Air Force fighter pilot-and current UPS pilot-Micah Porter, aka Peachez. He joins us today to discuss his transition into real estate investing, sharing his motivation for entering the real estate market and why real estate became his side gig. Listen in as Micah talks about strategi...
The Three Bucket Approach: Securing Your Retirement Income
Переглядів 5221 день тому
In this video, Kevin from Leading Edge Financial Planning breaks down the Three Bucket Approach - a retirement portfolio strategy as vital as oxygen for financial peace in retirement. He explains the importance of each bucket: a cash bucket for immediate expenses, a conservative bucket for steady income in the medium-term, and a growth bucket to guard against inflation and maintain purchasing p...
Flight #90: The Psychology of Money
Переглядів 1321 день тому
DESCRIPTION What does it really take to be successful with money? In this episode, we dive into key insights from The Psychology of Money by Morgan Housel, discussing principles that can help transform your relationship with money. Whether you're preparing for retirement or simply trying to make smarter financial decisions, these lessons apply to everyone. You'll learn why discipline is crucial...
American Airlines 2024 Benefits Video
Переглядів 3021 день тому
If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available. Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, leadingedgeplanning.com/ Please remember that past performance may not be indicative of future results. Different types of investments involve vary...
Beneficial Ownership Fincen Reporting
Переглядів 5528 днів тому
Fincen Links: Beneficial Ownership Info Reporting: www.fincen.gov/boi FAQ: www.fincen.gov/boi-faqs#C_1 If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available. Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, leadingedgeplanning.com/ Please remember tha...
The Pilot's Guide to Passive Real Estate Investing: What "Passive" Really Means
Переглядів 52Місяць тому
In this video, Kevin Gormley from Leading Edge Financial Planning dives into the concept of "passive" real estate investing, breaking down the realities behind the word "passive" in different scenarios. We'll cover what passive income truly means, particularly in rental real estate. Kevin examines the distinctions in "passive" effort between three real estate approaches: hands-off investments, ...
Leading Edge 2024 Q3 Quarterly Market Update Video
Переглядів 32Місяць тому
Leading Edge 2024 Q3 Quarterly Market Update Video If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available. Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, leadingedgeplanning.com/ Please remember that past performance may not be indicative of future r...
Flight #89: Presidential Powers and the Stock Market: What Really Drives Economic Change?
Переглядів 13Місяць тому
DESCRIPTION How much influence does a president truly have over the stock market? In this episode, we dive deep into the relationship between presidential powers and market performance, examining how different administrations impact the economy. While many believe the president has significant control over the markets, we explore whether the data backs that up, and how much external factors rea...
United Airlines Benefits Open Enrollment: Key Health Insurance Options Explained
Переглядів 148Місяць тому
Join Kevin Gormley, CFP®, CPA and Andy Christopher, CFA from Leading Edge Financial Planning as they explore the upcoming open enrollment period for health insurance. The fall season means it’s time for United pilots to review their health plans for the upcoming year. Many individuals stick to last year’s choices without reevaluating their options, but this discussion aims to encourage informed...
Pilot's Guide to Real Estate Investing: Tax Benefits & Wealth Building
Переглядів 972 місяці тому
Kevin Gormley, CFP®, CPA presents a comprehensive overview of Real Estate Investing specifically tailored for pilots and their families. Discover why many pilots are drawn to real estate, including the potential for tax savings, passive income, and long-term wealth generation. Kevin discusses the risks and rewards of real estate investing, providing valuable insights into expected returns, mark...
Flight #87: The Multi-Millionaire Pilot Next Door
Переглядів 822 місяці тому
Flight #87: The Multi-Millionaire Pilot Next Door How can you become the multi-millionaire pilot next door? In this episode, we discuss the principles of wealth building, inspired by the timeless lessons from the book The Millionaire Next Door. We’ll explore how pilots, with our unique income trajectories and financial challenges, can apply these principles to build substantial wealth over time...
Tax Changes Ahead: Why Invest in a Roth IRA Now
Переглядів 632 місяці тому
Kevin Gormley, CFP®, CPA discusses upcoming changes in tax policy that may affect your retirement investment strategy. With the expiration of the Tax Cuts and Jobs Act on January 1, 2026, the tax landscape is set to shift significantly, potentially resulting in higher taxes for many individuals. Kevin outlines key strategies for investing in Roth IRAs, Roth 401(k)s, and utilizing “Backdoor” Rot...
Understanding Long-Term Care Costs: New Insurance Options
Переглядів 823 місяці тому
Understanding Long-Term Care Costs: New Insurance Options
United Pilots: RHA & Healthy Fear of Healthcare Costs
Переглядів 583 місяці тому
United Pilots: RHA & Healthy Fear of Healthcare Costs
Live like a Multi-Millionaire Pilot: 7 Action Steps for Success
Переглядів 3854 місяці тому
Live like a Multi-Millionaire Pilot: 7 Action Steps for Success
Flight #79: How Predictable Are Financial Markets?
Переглядів 416 місяців тому
Flight #79: How Predictable Are Financial Markets?
United long-term disability - very important but never want to use
Переглядів 986 місяців тому
United long-term disability - very important but never want to use
Flight #78: Should You Hire a Financial Advisor?
Переглядів 476 місяців тому
Flight #78: Should You Hire a Financial Advisor?
SWA Market-Based Cash Balance Pension Plan (MBCBP) Tips and Techniques
Переглядів 3286 місяців тому
SWA Market-Based Cash Balance Pension Plan (MBCBP) Tips and Techniques
2024 SWA Disability Planning: STD/LOL/LTD/TFP...
Переглядів 1,3 тис.8 місяців тому
2024 SWA Disability Planning: STD/LOL/LTD/TFP...
New $800K SWA Life Insurance - What to do?
Переглядів 1,9 тис.8 місяців тому
New $800K SWA Life Insurance - What to do?
2024 PRAP First Officer: 4 different scenarios & what to do now!
Переглядів 708 місяців тому
2024 PRAP First Officer: 4 different scenarios & what to do now!
First
A fool and his money are soon parted!
Ok, I understand the points made about spending... Also, the ideas related to keeping things as quiet as possible... still though, could a person have a family trust or LLC claim the lottery money... and file a personal bankruptcy... just to be able to say that you no longer have any money... though it's simply in a trust account instead? Why? So a person can live without fear of kidnappings especially when traveling abroad.
please Check your mail
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Gregor Masini Andrade
This is correct, Gregor strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals
I am a schlub.Same car 20 years later. Same house 44 years later. 1. the all new house two doors down is under contract. The listing price was $6,230,000! My house? Move in condition. No maintenance needs to be done for 5 years. Constructed in 1950. 2. I walk through the neighborhood - Rivan car, Teslas, BMWs, Range Rovers. I had the driver's seat and the headliner redone on my car last month. Ordering new struts tomorrow. The car is absolutely clean. Charlie Munger lived 99 years. He lived in the house he bought in 1958. My uncle died in Los Angeles at age 97 years. He lived in the same house he built in 1928! He added on when he had two kids.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Mrs Nancy Williams Laplace
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Good idea, just way to high level.
Thank you so much 🙏
Are you located in the US?
The Millionaire Next Door was written by a PhD and published in 1995. It's not an academic paper but if you were a kid then, wow you've aged fast!
Great Commentary Andy!
Every time a lottery winner spends $1 of their winnings their winnings go down by $1.
It's sad when people don't know how to handle their blessings. They live way outside their means from a long distance standpoint. Having goals to maintain the new lifestyle is important for longevity. If I had this blessing arrive, I wouldn't publicize it. Then all these "friends" and long lost "relatives" will stroll in with their hands out and a big eager smile. I'd find a reputable financial advisor to give me a class on how to manage everything intelligently. Money can disappear so fast! Just look at the broke a55es who won it and squandered it. I don't understand how in tf people spend over a 100 million bucks and wind up penniless 5 years later! 😮 It's flabbergasting! It pisses me off that people could waste such blessings in the most moronic ways!
Why do people keep talking about taxes they don't owe
Good messages there. I particularly like the comment about how it should be boring. Each situation is different. If its a sizeable amount, I would just accept that I am not an investment shark, have no interest in being one and that financial services salespeople would view me as prey to be feasted on. greed and envy is the enemy here. If you're made, then growing your wealth from there is just an ego trip. Bank it across a number of banks and live off the interest. Keep anonymous (outside the US, winnings are both tax free and anonymous) so have things running through a trust. Try and donate anonymously as much as you can without tapping into your capital. Anyone you let know about your winnings - pay them some stfu money with legal ramifications via an NDA if they don't stfu. If your cover is blown, change names, move towns/country and start over -at the leakers personal expense. I can think of nothing worse than being a target by opportunistic parasites mixed with people who genuinely need help and having to sift through who's just being a parasite and who actually needs something. Now it's just a matter of picking the obscenely unlikely numbers....
I got a question how much does American airline match ? Also how many years you have to stay to get their match money ? If you resign
I was fortunate enough to be lucky in the lottery but have not changed my lifestyle with fancy cars i invested wisely live of the returns and still shop at walmart and dollar tree and invest in my health and gratitude and all the blessings
What does this have to do with Roth?
Title doesn’t match content .. more self help than Roth
Thanks for your awesome video
How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Mary Gail Benner
Interesting, please how can I get more information? I don't want to remain out of ignorance
She's mostly on Telegram, using the username.
Benner10 👈 That's her username.
Awesome video and information Charlie! Thank you for taking the time to keep us informed, it really helps!
The description of the ADD portion of this video was still confusing to me. I’ve always understood that dismemberment meant something like losing a hand, leg etc. such that I could no longer work as a pilot.
@edlesage4370 Yes, it is confusing, and Charlie and I had to dust off the insurance books. This quote helps illuminate it in my mind, but every policy is unique how they work, and I cannot give specifics of SWA on UA-cam: AD&D insurance combines two types of coverage: an accidental death policy that pays out if you die in an accident, and a dismemberment policy that pays out if you have a serious injury such as losing a limb or becoming paralyzed because of an accident. The beneficiary of your AD&D policy (such as your spouse) collects the money in the case of an accidental death, and you collect it if you suffer one of the injuries outlined in the policy. Here’s the catch: The death or injury must be the direct result of an accident. So, for example, if you have a heart attack while you’re driving and get into a fatal car crash, your beneficiaries probably won’t receive any money. www.nerdwallet.com/article/insurance/what-is-accidental-death-and-dismemberment-insurance
Listen, when you’re struggling or just have a normal life and suddenly you come into wealth, you don’t have a clue what to do. Most people don’t understand how quickly even $10 million can be blown. What they see is a large sum of cash and what they think is that they’re going to be able to spend and they’re gonna know when they’ve spent too much and when they should stop. But most don’t. Because they don’t have a clue on how to manage that kind of cash. And there’s no shame in it, but it is about being smart. It’s about not giving a crap who bags and pleads and what subs story they give you, because 99% of people will bleed you dry If you give him a chance. And the fact of the matter is, there’s no such thing as a lottery curse. Just financial irresponsibility. All they see is those big numbers in their bank account and start envisioning every toy they’ve ever wanted. I think most of these people have bad impulse control.
How many of the winners know how to bank the money? What bank to deposit it, how many different accounts to set up, what kind of insurance to buy to protect the winnings against loss?
Where is your company located, and how long have you been in business?
Merry Christmas and Happy New Year, y'all!
all lottery winners do not go broke please stop believing this garbage, everyone isn’t as stupid as you think
The video was fine, except for the last minute when you listed the shortcomings Are use this extensively and it has everything that the average upper middle-class person would need Remember, it’s retirement software And then, finally, you didn’t mention that if you click on full view, then it will show all your individual investments with the best graphics by far to include pie charts, percentages, things of that nature Fidelity has their act together and it’s free The other thing you didn’t mention is that you can make an appointment to talk to a financial planner with Fidelity and then also is free So don’t cut them short Fidelity has been awesome for me and my family for sure
I wouldnt do anything with my lottery winnings for at least three years. I would put it in a low risk government bond. I have been driving a beater car for years and I have no desire to drive a brand new vehicle. I dont care what ppl think. I have learned to live off my VA so I have learned to budget and I think I could make it grow no prob. Just act poor. I never trust a smooth talking cause I know better they are the best liars.
But you still didn't tell me what to do with my money ! Poor video
Can you change whether you pay imputed income in the future?
I understand the imputed income option to remain for each annual enrollment. We should be able to change during future enrollment periods, however tax implications will be determined when a pilot is determined disabled. Meaning if I elect IC for 2024 and go on disability in December 2023, I will not receive tax free benefits since the election was only for going on disability in 2024. Hope this helps.
@Shadow4_13 Please see Mark’s reply. KG
Your assumptions for LTD is for a 40 something year old Captain. What are your thoughts/facts for a 36 year Captain that has 2 to 3 years left until retirement. Doesn’t seem to be worth paying the imputed income tax amounts for tax free LTD payouts that end at retirement.
@DavidHirsch-xy3cv Thanks for your comment. We do not know your actual situation, but for a 36-year captain it may make sense NOT to have imputed income now -if you have enough financial assets. A pilot that is 10 years away from retirement has an LTD benefit for a decade but a pilot that has 2 years left only has a two-year benefit. The cost/benefit changes as one gets closer to retirement. In other words, you are insuring less years.
Thanks for the video. I had to watch it to figure out why you were talking about sexually transmitted diseases (STDs) and sick time. I see I was way off!
Thanks for the advice.🙌🏾
Neat! Thanks for the interview and for your service Roger Lance. Great stuff!
Thou shalt not covet thy neighbor's new car, house, or apparel etc...
I respect the honesty in this video. You’ve gained a subscriber in me.
New money could learn a few lessons from old money.
Thanks for your advice 🎉
🙏🏽
I don’t care what other people have or keeping up with the Jones’s 🤦♂️ this is weak way of thinking my focus is to win and make my life and family life little better that’s all.
I’d definitely get professional help and be on a budget. Invest, diversify, untaxed accounts and taxed. Trusts for the kids. An LLC? I’m not worried, I have access to trustworthy help. My dream is to get small apartments in a few places. Travel. I don’t care about a house. I’m going to all the places I can. I love the Earth and it’s awesome beautiful beings.
Hey guys! Thanks for the tips! Is this only for mainline? I’m at a wholly owned and don’t think they give us the 16% like mainline does. Thanks for the help!
Thank you