Originally Posted by
Tailhookah
MBCBP is separate from Min Balance some of you speak of. The min balance is an augment to the MBCBP or seed money to add to it. The MBCBP is a good secondary tax shelter that everyone will benefit from.
Everyone can benefit from an
optional plan.
Originally Posted by
notEnuf
That’s all fine but it has nothing to do with the employment I chose and the retirement that employment provides. All the things you do outside of your Delta employment has nothing to do with our PWA retirement. This is about THIS job.
Depending on when you were hired this is the second, third or maybe even fourth iteration of the retirement plan provided by your employer. My opinions are about how to create a retirement with the income provided by THIS chosen profession. An optional MBCBP plan is good for short term tactical use near retirement. A mandatory MBCBP plan erodes the long term value of earnings from THIS profession by making them unavailable for other investments outside of a market lagging return in the name of tax savings. Owning dividend paying stocks, limited partnership interests or real estate with income from THIS career is what I am advocating for.