Originally Posted by
Gunfighter
Good for some, bad for others, glad it's optional.
The best use case I can argue for is short term income tax arbitrage. Using it to defer income in expectation of a lower tax rate in a couple years could be a benefit to some older pilots.
A younger pilot using it for a long term retirement savings could do much better.
Does that take into account the tax-advantaged nature (deferred taxation)? You mention the lower tax rate expectation; what about avoiding current-year taxation on growth until withdrawal (at that expected lower tax rate)? I'm a big believer in maxing out tax-advantaged accounts....
I don't know anything (yet) about this investment vehicle (LIRKX--thanks to the OP for looking up the code), but, assuming it's at least middle-of-the-road, I suspect the tax treatment could make this more valuable than some critics would have us believe.