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Old 01-25-2020 | 03:19 PM
  #61  
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Originally Posted by MJP27
You sure about that? Thanks for your sound financial advice, but I’ll take the money and invest it myself as I see fit......and I’ll beat a paltry 5% return, taxes or not.
If you can beat a paltry 5% long term, even in slump years you’d surly not be flying airplanes. You’d be a billionaire.
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Old 01-25-2020 | 03:25 PM
  #62  
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Originally Posted by notEnuf
The liberal hate makes me pass right over your posts. As for fiscal responsibility... the "conservatives", that's an oxymoron, shout about us not being able to pay our debt and then increase it. already, [MOD EDIT]your politics don't belong here.
Sorry. It’s true. [MOD EDIT]. Can you spell that out for me?
Last edited by Scoop; 01-25-2020 at 08:09 PM.
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Old 01-25-2020 | 03:28 PM
  #63  
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Originally Posted by Denny Crane
Ahhhhhh, the "we know what can happen to a DB type plan" argument. Yes, the MBCBP is a DB type plan but.......it will not be lost in tough times or a bankruptcy like the old DB. My understanding is it's your money in an account in your name. You just cannot control what it is invested in.

There is nothing wrong with that. Only now you are dictating how I (and many others close to retirement) are paid their money. Maybe they want something different. This is why the optional part is so critical. Then everyone can choose what's best for themselves.

Denny
Yes. According to the DTW rep I’ve engaged it’s in our name. Control over investment is not controlled. But if there’s a better plan I’ve not seen a single post recommending it, in fact the posts are all deconstructive towards the MBCBP or just want the extra money outright which isn’t going to happen.
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Old 01-25-2020 | 04:20 PM
  #64  
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Originally Posted by Tailhookah
If you can beat a paltry 5% long term, even in slump years you’d surly not be flying airplanes. You’d be a billionaire.
What are you talking about? The s&p historical return is about 10% per year on average long term.
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Old 01-25-2020 | 04:22 PM
  #65  
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Originally Posted by m3113n1a1
What are you talking about? The s&p historical return is about 10% per year on average long term.
That poster has lost all credibility with that statement.

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Old 01-25-2020 | 04:40 PM
  #66  
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Originally Posted by Denny Crane
Well it's good you are advocating what's mine is mine and what yours is yours. That's a given and irrelevant. What is relevant is how we receive what is ours. Your opinion is different than mine. Not right or wrong just different. If, as you say, the plan is not optional (which I'd argue it has yet to be determined) then you are dictating how I receive my money just as much as I'm dictating it to you. You do not have the high ground here......we are on level footing with differing opinions.

You are also making this personal by saying it's for me for a year or two. The tax deferral is not just for a couple of years, it's for the life of the plan and affects everyone, not just me.

Denny
I'll buy the equal footing argument, but the truth is your next few years of tax advantages will lock away my money for a much longer period of time at a rate of return that is far inferior to any investment I can make with it. With a spouse, age 50, HSA and a backdoor roth, anyone over 50 can put away $84,600 into tax sheltered accounts this year. That's every year of your last 15 if you work until 65 and it has increased each year. I'm not willing to accept optional as TBD.
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Old 01-25-2020 | 04:54 PM
  #67  
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Originally Posted by m3113n1a1
What are you talking about? The s&p historical return is about 10% per year on average long term.
And yet when I’ve brought that up in the past in regards to how that 10% average affects 9% more in a DC over the course of 20/30 years, I’m poo pooed out the door by the younger generation.

That average is also why I want to know what percentage should be added to that 5% because of the tax deferral implication. Is it 3% for a total of 8%?

Denny
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Old 01-25-2020 | 04:59 PM
  #68  
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Originally Posted by notEnuf
I'll buy the equal footing argument, but the truth is your next few years of tax advantages will lock away my money for a much longer period of time at a rate of return that is far inferior to any investment I can make with it. With a spouse, age 50, HSA and a backdoor roth, anyone over 50 can put away $84,600 into tax sheltered accounts this year. That's every year of your last 15 if you work until 65 and it has increased each year. I'm not willing to accept optional as TBD.
Soooo, are you gonna vote down a contract that meets your standard except for this?

Denny
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Old 01-25-2020 | 05:05 PM
  #69  
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Originally Posted by Denny Crane
And yet when I’ve brought that up in the past in regards to how that 10% average affects 9% more in a DC over the course of 20/30 years, I’m poo pooed out the door by the younger generation.



That average is also why I want to know what percentage should be added to that 5% because of the tax deferral implication. Is it 3% for a total of 8%?



Denny
It depends on an individual's tax situation. The value of your tax deferral is determined by your tax bracket


For most people I'd say the difference is 1% or less

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Old 01-25-2020 | 05:22 PM
  #70  
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Originally Posted by Trip7
It depends on an individual's tax situation. The value of your tax deferral is determined by your tax bracket


For most people I'd say the difference is 1% or less

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By tax situation I assume you mean what tax bracket they are in. I would be interested to know what impact it has on the 24% bracket and above.

Denny
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