Originally Posted by
Gunfighter
Bumping up the DC and putting the DPSP CASH into income producing real estate will do that for you. It becomes a tax favored asset that doesn't expose you to Delta's financial risk like many of the proposed plans do. My money in my name, no promises of a future payment that may be at risk. If you are close to retirement a NQDC plan with a short term time horizon may be a risk worth taking, but anything that is longer than a few years is too risky for a majority of the pilots.
I have passed the time where I want to be messing around with real estate. I'm just not interested in the hassles of renters, maintenance and all that stuff. If I had it to do over again, I would have bought a rental property with my ROTH IRA and had all that profit go in to my retirement account tax free (dyodd btw on that).
I don't have anywhere near enough information on these various proposals so I am not committed to any of them. I do know that my tax bill when I retire will not be significantly less than it is now, so adding to my current tax bill
might not be the best plan for
me. What I hope the MEC comes up with are options and not an all or nothing plan that incorporates either all of us or none of us. That would truly suck.