Originally Posted by
captkdobbs
I'm for increasing the DC up to the point where the company almost maxes it out for me and I'd love to see the HSA company contributions increased as well.
The problem is that the IRS determines the maximum we can put into these two tax advantaged account types. Is there any way to lobby to get these limits increased? Or are there other POST-TAX (but tax advantaged) vehicles that are not limited by 415(c) that can be our money, in our name?
I'm already doing as well as I can with the HSA, 401(k) and 401(k)ROTH accounts, protecting my earnings from taxes either now or later. I'm just thinking of options for MY money.
Good post. Lobbying to change the rules ( limits and sources) costs us zero Delta negotiating capital. But getting rules changed just for us unlikely. Max out the available vehicles then do something in addition. Gunfighter's post is excellent. I turned 52 the month they terminated the old pension plan. Every time the company website brags how they are funding/pre-funding pension plans I am offended. Every time they buy back stock, increase dividends or make an equity investment in another company (someone to fly large jets cheaper than us) I am offended. DAL isn't going to start a new DB nor "do the right thing" re: the retired folks who got crushed. That should be obvious.They are just making business decisions, but it reinforces the truth that you need to take care of your own retirement. At 65 they want you off the books permanently. At that point we will all need an income stream from some source. We all have different circumstances and the only thing that benefits us equally is more $. Including a low cost annuity product in our retirement mix may be appropriate, but participation should be your choice. Shouldn't cost squat to include that item. The R&I letter is just letting you know what is possible. Let them know what you want and as always, DYODD. OFG