Originally Posted by Trip7

You can believe what you want to believe, but this plan is not coming to Delta if it's not optional. My money, my control. End of Story

Go take your excess DC and buy Municipal bonds since you're all about chasing tax shelters

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Originally Posted by Gunfighter

Never once did I mention mountain bikes, hiking or sports cars.

I'm not sure what exposure or workload you were concerned about that drove you out of real estate. If you ask for advice vs making assumptions you would be surprised to learn how little time is spent on a properly structured portfolio. Landlording single family value add is for people with more time than money, but that is the assumption people make when they don't know the options. Owning apartments, self storage, NNN or pooling funds to be a hard money lender are what people with pilot sized income/assets do.

Originally Posted by notEnuf

That outside investing should be done with outside fund or wages, not with retirement defined contributions provided by Delta.

Originally Posted by Gunfighter

Minor math correction.
Assuming $10,000 annually is contributed by 401k excess in equal monthly increments (it will actually be back loaded reducing accumulation), it takes 220 months (18+ years) at 5% projected rate of return to reach $300,000.

Originally Posted by Nov1 update

Originally Posted by notEnuf

Your hobby, yes that's an intentional term to show everything you espouse is outside the retirement section of our PWA. Your success is great and you have plastered these boards with your success for others to follow but that's not what we as Delta pilots have and continue to negotiate in our PWA. If I was on here advising powerball as a retirement plan it would be no different. Your advice and example is great for people, SHOULD THEY CHOOSE TO PURSUE IT. That outside investing should be done with outside fund or wages, not with retirement defined contributions provided by Delta.

Originally Posted by notEnuf

I get it, you don't want anymore DC.

This is completely false. You already have optionality by the amount of funding you choose. The company can contribute up to 20% of $330,000 without any excess. If you choose to cause excess that's on you. I'm all for optionality but the reality is going to come out soon that the IRS is not on board with it. Then what? Is a "mandatory" deposit of overages you can determine really a bad thing. Most of us will find ways. I can save $81,000 in sheltered vehicles next year. And an unlimited amount if it goes into 529s. Some of that will be in conservative diversified income yielding assets. Does it matter if that small portion is in a MBCBP or another account? If you make $400K we are taking about $11,200 or 16% of 70,000 over the earnings cap. At 20% there no need to contribute anything and it's fully funded. If you're making $330,000+ then you are probably closers to retirement anyway and need to taper risk. Or you have already built your empire and a few thousand dollars a year isn't moving the needle.

Originally Posted by Trip7

This is utterly rediculous. Delta DC Contributions are my money and I'll invest it as I see fit. Hate to break it to you, but you're going to be in the very small minority of folks that are supportive of a mandatory MBCBP

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Originally Posted by notEnuf

Hate to break it to you but your entire 401k is already "locked up" and nope your DC contributions are not spendable cash other than the overage you cherish.

Originally Posted by notEnuf

Hate to break it to you but your entire 401k is already "locked up" and nope your DC contributions are not spendable cash other than the overage you cherish.

Originally Posted by m3113n1a1

Well then, in that case we shouldn't even be paid a salary. We should all live in Delta housing and be provided meals in the Delta cafeteria. You want your own house? Pursue it with outside funds!