Originally Posted by
Tailhookah
True. I was talking about in years when the S&P is in the red. Misunderstood that I meant long term average.
If if there’s a better alternative to it let’s hear about it.
What I don’t understand the pushback to a plan that will essentially give us a 9% raise (in addition to a raise in pay rates) but masked in a retirement vehicle that is in addition to our 401k. While our 401k is maxed, anymore DC is fruitless, so we need something additional. While not as good as 401k rules, I’ve not seen where there is something that not only is available but what can be negotiated due to tax write offs for Delta on the MBCBP.
We are are at the limits. The MBCBP May be all we have available that works for both sides and is negotiable.
Your premise of “we need something additional” is false. Just because we max out our 401k, doesn’t mean you need some other tax vehicle. Whole life insurance is another vehicle but most people don’t use it because it’s a terribly inefficient way of saving your money. The MBCBP is better than whole life but still has a lot of inherent drawbacks and inefficiencies. Putting money in it just because you want some other place is foolish. ALPA still has yet to put out a correct, objective analysis of the MBCBP vs after tax investments. I wonder why?