Originally Posted by
Bottlen0se
Yes, this.
I’m not a one issue voter, but if the MBCBP is not optional I’m not for it. I’d still rather pay the income tax on the excess and do what I wish. I can back door it for now into Roth IRAs for spouse and myself. Put it in my kids 529 plans. Or buy high dividend paying investments in a normal brokerage. Or even buy real estate, pay off debt, etc. The point is, why lock ourselves into something that in the end is very mediocre.
Simple
Because it is negotiated as part of our Retirement. It is not extra pay. So all of that retirement should be qualified as retirement. Don’t like it? Push for higher pay rates and less retirement.