Originally Posted by
Gunfighter
Trip, myself and others have laid out multiple options to shelter funds while outperforming the 5% return. The only argument against MBCBP is the potential mandatory aspect of the plan.
Owning LP interests in cash flowing businesses, rental real estate and dividend stocks will pave the way to financial security. The biggest financial risk you face in retirement is loss of purchasing power due to inflation. Earning a fixed rate of return that barely outpaces inflation over the long term is a recipe for disaster. Trip is not bragging about what he has, he is showing you the path to financial security. Retreating to the "safety" of a tax deferred 5% return won't make a significant difference. In less time that we spend on CQ each year, pilots can learn how to properly manage finances and own assets that produce cash flow. Retiring with a stream of cash flow is much safer than retiring with a pile of cash and guessing when it will run out.
Why are you opposed to it then? It's overages of a few thousand per year right?
Your hobby has nothing to do with my retirement.
You can preach all you want. I was in real-estate and got out (except for a few REITs) because I didn't want the exposure and my time was more valuable to me. I hope everyone takes your and trips advice, just do it with your own earnings. You are costing us all capital appreciation and tax efficiency. I'm not interested in your situation. I'm interested in the PWA and the tax efficiency that every pilot who doesn't choose to take your advice deserves.