Originally Posted by
m3113n1a1
This is what the MBCBP is:
Hey, how about we lock your 401k excess cash in a vehicle that underperforms the s&p for the next 30 years so you can defer your taxes until retirement? Sound like a good deal to you?
Oh, you wanted to invest the excess into your Roth IRA, real estate, businesses, or your personal brokerage account? Nope! Not allowed.
I've been begging people to understand this. The bottom line is some guys are so hellbent on pensions (BB on FB) that they literally fail to see if they could hold onto their money, taxes aside, they could perform far better.