Originally Posted by Trip7

This has been an EXCELLENT discussion and BobZ in particular has provided fantastic info. I've started researching MBCBP and so far I've found in theory it is a good idea if you are high income, close to retirement, you have a certain degree of control over your business and selecting the plan administrator/investor.

DALPA Reps have stated that MBCBPs are common amongst high income earners. What they failed to mention were those high income earners were Owner Operators of a business such as Doctors with a Practice or Lawyers with a firm. They have direct control over the performance of their business and direct control over the selection of the plan administrator. They also get significant tax discounts for the money they AND their employees contribute.

The issue I see with MBCBP and Delta Pilots is we have no control the direction of the business(Delta Management) and no control over selection of the Plan Administrator(DALPA and/or Management). Hate to say it but after attending the DALPA R&I Roadshow I wouldn't trust the current DALPA Admin to manage a Dairy Queen much less select a reputable Plan Administrator. I was very happy to see they are pursing the MBCBP as optional only. It will be interesting to see what further details come out if this moves forward during negotiations.

Even if this is executed perfectly I can only see me self contributing to a MBCBP with 10 years or less to go. Anything earlier I'll take the DPSP Cash and RUN.