Originally Posted by
Trip7
Do you know why it's popular with those groups? Because it's a SMALL group of folks pooling their money together and they have a heck of a lot more control over what the plan is invested in, and I guarantee it's not aimed to get a 5% return. On the other hand, forcing spillover from 14,000+ pilots to pool together and then aiming for a 5% return and telling us it's a good deal to save on taxes is an insult to the collective intelligence of Delta Pilots.
I just checked with my doctor friend who has this type of plan as an extra tool to allocate retirement. Their plan guarantees.. 5% - oh, and remember, if it doesn't generate 5%, he would have to contribute additional dollars to get the return to 5%. Hasn't happened yet, but it could. I believe our plan would have the same issue.