Originally Posted by Denny Crane (Post 2820278)

Prove to me that this is Ponzi scheme. Why are there sooooo many of these plans out there?

Maybe you should take your own advice and read up on what a Ponzi scheme is.....

Denny

Originally Posted by Hank Kingsley (Post 2820284)

Save your breath, unless the Iranians shoot a missile at the Abe Lincoln, oil hits $200, unity will be all the rage. These guys haven't seen tough times.

Originally Posted by Denny Crane (Post 2820289)

It just seems to me there is a lot of bloviating and very little actual knowledge of what the a MBCBP is all about. I understand concerns such as "Is it optional." and the like but gain a bit of knowledge on the topic before calling it a Ponzi scheme. I really don't think a company like PWC would knowingly participate in such a scheme. And ya, save me the references to ENRON etc. Last sentence not meant for you Hank.

Denny

Originally Posted by BobZ (Post 2820288)

So your answer is its your money and its alwsys gona be there no matter what.

Pretty much, yeah. Is your 401k gonna be there no matter what?

So why do such plans require insurance from the pbgc.

I don't know, why don't you tell me?

And your expert opinion is in the event of death, or plan withdrawl there will be full value return to the plan participant or their designated beneficiary.

We all know what opinions are like.....yours as well. Upon retirement or withdrawal of the money, you will know down to the penny how much you will get. If you (or your heirs) don't think it's right, then dispute it.

Great. Lets go for it.....now how about posting the comparative analysis spreadsheet for the individuals net end position in a cbdb vs after tax investment account.

I'm not the one looking for something like this, lets see your numbers.

Iv heard all this before. No worries. Its secure. Yada. Yada. Yada.

Ahhh, I see, can't teach an old dog new tricks.

Here is the truth. The older more senior a pilot is...the more likely to have a cbdp plan work out great.

The more junior and younger a pilot is...the higher the risk and probability its not gona be all rainbows and lollypops.

Originally Posted by GoneSailing (Post 2820292)

Lehman Brothers?

Originally Posted by BobZ (Post 2820304)

Are you under the impression you will individually direct the investments in your cbdb plan?

Originally Posted by Denny Crane (Post 2820298)

By the way, did you read my second to last sentence?

Denny