Originally Posted by
crazyjaydawg
In the MBCBP poll thread, there are at least 8 that mentioned not paying dues was a huge benefit. While not their sole rationale, I have a hard time believing that the sub-par returns are the driving rationale.
If you are 55+, the MBCBP is a way to have a small cash allocation heading into retirement. The amount accumulated before 59.5 represents what should be a small portion of an overall retirement accumulation. At 59.5 there is the added option of in service withdrawal which facilitates rebalancing. Based on forecast age 65 retirements, this represents about 1/3 of the list. For them the guaranteed additional 1.85% return on a cash balance is a worthy consideration.