Originally Posted by
notEnuf
Your hobby, yes that's an intentional term to show everything you espouse is outside the retirement section of our PWA. Your success is great and you have plastered these boards with your success for others to follow but that's not what we as Delta pilots have and continue to negotiate in our PWA. If I was on here advising powerball as a retirement plan it would be no different. Your advice and example is great for people, SHOULD THEY CHOOSE TO PURSUE IT. That outside investing should be done with outside fund or wages, not with retirement defined contributions provided by Delta.
If building financial security is viewed as a hobby, I'll take the jab. It allows me to pursue my other hobby of crossing oceans if I feel like working that month.
If you had decades of data to back up powerball, I'd listen. If federal monetary policy favored powerball, I'd listen. If simple math calculations favored powerball I'd listen. The MBCBP is a great for pilots SHOULD THEY CHOOSE TO PURSUE IT. The difference in our opinions is you want to mandate participation in your plan, whereas myself and others are proposing an optional path to financial security.
All PWA money and company provided benefits fall into the bucket of pilot compensation. Mandatory direction of DC excess into MBCBP is equivalent to requiring all per diem must be spent on layover meals and only at company approved restaurants.