Tax Strategies and Financial Planning for Pilots with Mike Rey

In this episode, Adam is joined by CPA Mike Rey from Jetstream to discuss essential end-of-year tax strategies tailored for pilots. They dive into the intricacies of tax preparation, including retirement accounts and the legality of backdoor Roth IRAs. The conversation highlights specific tax strategies for new airline pilots, financial transitions in aviation, and the benefits of Health Savings Accounts (HSAs). They also explore tax planning for pilots with real estate interests, considerations for short-term rentals, and the implications of state and federal taxes. The episode emphasizes the importance of professional financial advice and introduces the Jetstream Alpha community as a resource for pilots. www.jetstream.cpa