Originally Posted by
Gunfighter
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.
This is something I’ve actually been considering. An aviation profession retirement directed website of sorts, perhaps with plain language breakdowns of each of the airlines retirement plans and some scenarios. But, it involves time I don’t feel like investing. Also, it will probably only serve those that already care about investing and money management and would only serve a very small percentage of those who don’t currently care. It’s on the list of things to do, but pretty low.