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About elite

Glenn Nevola, Flight Line’s founder, is a United Airlines B737 Captain based in Newark. His flying career began with People Express Airlines in 1986: he then flew for Continental Airlines for over 25 years until their recent merger with United. He holds Series 7 and Series 66 licenses, and has intimate knowledge of pilot retirement options (Schwab platform, among others) and all facets of the frozen A-Plan, B-Plan and recent addition of the pilot’s Retirement Health Account and how that affects the funding of a pilot’s 401(k).

The Importance of Asset Allocation & Diversification

Welcome to the first blog of Flight Line Financial. Some visitors to this blog will already know me, while many others will not. As a brief introduction to those unfamiliar with me, I am a commercial airline captain with United Airlines. I started my flying career approximately 28 years ago with People Express then […]

By |October 4th, 2014|blog|0 Comments

DADR & the Benefits of Diversification

Pilots live in a world of acronyms, so I have a new one for the world of investing: DADR. That stands for:
D – Diversification
A – Asset allocation
D – Dollar cost averaging
R – Rebalancing
Last month’s blog I explained the basics and benefits of diversification. This month I will discuss the other 3 concepts above.
Asset allocation […]

By |October 4th, 2014|blog|0 Comments

Strategies for Mortgages

This month I would like to discuss mortgages and the benefit of extra principle payments – especially at the front end of the loan. As a bit of a personal background, I operated a real estate company for over 12 years that encompassed purchasing distressed properties then renovating them. After renovation the properties were […]

By |October 4th, 2014|blog|0 Comments

401(k) and RHA

This post is mostly applicable to former Continental pilots and current United pilots, but the information is somewhat universal:
I’ve enclosed a chart with 2014’s max contribution limits for your reference below. I wanted to touch on maxing out your side of the 401(k) before reaching the 415(c) limits of either $52,000 or $57,500 (over […]

By |October 4th, 2014|blog|0 Comments