Minimum Balance Plan
11-16-2022, 08:18 AM
#301
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Joined APC: Oct 2014
Posts: 895
Originally Posted by notEnuf
Why you don't want to increase the DC benefit for all and shelter those funds as intended is incomprehensible.
11-16-2022, 08:19 AM
#302
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,057
Originally Posted by bugman61
Again, you are saying everyone should stop working once we hit the irs compensation limit?
11-16-2022, 08:19 AM
#303
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by notEnuf
Why you don't want to increase the DC benefit for all and shelter those funds as intended is incomprehensible.
11-16-2022, 08:20 AM
#304
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Joined APC: Jul 2013
Posts: 10,116
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.
it's not locked up at all. It's very much accessible through a variety of mechanisms. And I, me get to decide if I put it in highly aggressive funds or bonds. No one else makes that decision for me.
11-16-2022, 08:20 AM
#305
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by notEnuf
Not at all, I am saying there should be a tax sheltered vehicle for our much needed increase in DC funds. How much you choose to work is up to you.
11-16-2022, 08:23 AM
#306
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Joined APC: Oct 2014
Posts: 895
Originally Posted by notEnuf
Not at all, I am saying there should be a tax sheltered vehicle for our much needed increase in DC funds. How much you choose to work is up to you.
11-16-2022, 08:23 AM
#307
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Position: stake holder ir.delta.com
Posts: 10,057
Originally Posted by bugman61
Literally nobody except you has said they don’t want to increase DC funds. And wanting to put the money someplace besides the mbcbp is apparently only incomprehensible to you.
11-16-2022, 08:25 AM
#308
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by notEnuf
Explain to me what the effective difference is between increasing DC to increase taxable wages and increasing pay rates. If we fail to get more DC then we are keeping your hourly rate bound to "reasonableness" with no real increase for retirement. the only way we justify more DC is to have a place to put it that isn't regular income.
11-16-2022, 08:26 AM
#309
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,057
Originally Posted by OOfff
there should be a tax-sheltered vehicle for you to use. It should be optional, because I have literally zero desire to use that same vehicle
11-16-2022, 08:27 AM
#310
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by notEnuf
I agree completely but optionality lives in fantasy land so we will have to face this decision as a group.
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