Originally Posted by
notEnuf
The ALPA R&I working group isn’t trying to reinvent the wheel. They are looking to other high income earners for ideas because of the limits for tax advantaged savings.
I’m just not sure if giving up control is worth having a tax break.
This pretty much sums up the whole retirement conversation. Using the Doctor / Attorney examples is a good comparison. There are those within the professions who are great income earners, but disinterested money managers and prefer to outsource that responsibility. Also among the professions are those who prefer managing their own money. There are even profession specific investment sites like
www.whitecoatinvestor.com and
www.biglawinvestor.com. Maybe it's time to develop
Wingsinvestor.com for the aviation profession.
The answer regarding tax savings vs control is an individual decision that depends on personal views regarding investing. For that reason I prefer the optional plans vs the mandatory ones.