Originally Posted by
notEnuf
Our retirement funds provided by Delta which are intended to be tax free (or prepaid with growth not taxed) are losing earnings potential due to taxation. I want another vehicle to shelter those funds because the current one has become inadequate. If you are the next Elon Musk or Steven Winn great, but those of us (the majority by far) that aren't want more efficiency in building our nest egg. Take all of your earnings and invest in anything you like but the retirement funds from the PWA are for retirement investing within the retirement plan(s) provided by the PWA. We have no argument for additional DC contributions without a place to put it. If you don't want to be a typical pilot, fine. Those of us that are want efficient and reliable savings growth that aren't taxed until we choose. Perhaps you need to write a letter to your representatives to start polling on a venture capital allocation as part of our PWA. I can see it now section 275.203 of the PWA. Just set up a self directed IRA and let us have our 30% savings and additional capital growth. Are you overfunding just to get the roth benefit? If so how much of your income are trying to roth?
We get it. You want the mbcbp. I want you to have it too. I haven’t seen anyone on this site, or FB, or talked to anyone in person who doesn’t want that to be an option for you. The concern is that if the IRS doesn’t allow it to be optional, everyone could be forced into the plan. Is that what you want? Do you support the plan for yourself at the expense of everyone else who might want a different option? Clearly nobody here will convince you of the shortcomings of the MBCBP, can you at least admit that there is validity to some pilots wanting to do something else with their 401k excess?