Market Based Cash Balance Plan
05-14-2019, 05:57 PM
#21
Gets Weekends Off
Joined APC: May 2015
Position: Power top
Posts: 2,959
Originally Posted by Denny Crane
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
Maybe you should take your own advice and read up on what a Ponzi scheme is.....
Denny
05-14-2019, 06:06 PM
#22
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
So your answer is its your money and its alwsys gona be there no matter what.
So why do such plans require insurance from the pbgc.
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.
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.
Iv heard all this before. No worries. Its secure. Yada. Yada. Yada.
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.
So why do such plans require insurance from the pbgc.
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.
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.
Iv heard all this before. No worries. Its secure. Yada. Yada. Yada.
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.
Last edited by BobZ; 05-14-2019 at 06:27 PM.
05-14-2019, 06:08 PM
#23
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by Hank Kingsley
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.
Denny
05-14-2019, 06:12 PM
#24
Line Holder
Joined APC: May 2019
Position: 320A
Posts: 90
Originally Posted by Denny Crane
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
Denny
05-14-2019, 06:13 PM
#25
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Naa that would NEVER happen.
Next time you are riding in back....may i suggest viewing 'The big short'....the book is even better.
Anyone using terms like 'Never' in terms of investments and returns is even less credible than those 'bloviating' about the dangers and history of failure of 'secure' pension plans.
Next time you are riding in back....may i suggest viewing 'The big short'....the book is even better.
Anyone using terms like 'Never' in terms of investments and returns is even less credible than those 'bloviating' about the dangers and history of failure of 'secure' pension plans.
05-14-2019, 06:17 PM
#26
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by BobZ
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.
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.
Denny
05-14-2019, 06:20 PM
#27
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by GoneSailing
Lehman Brothers?
By the way, did you read my second to last sentence?
Denny
05-14-2019, 06:29 PM
#29
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by BobZ
Are you under the impression you will individually direct the investments in your cbdb plan?
Denny
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