Minimum Balance Plan
11-16-2022, 01:36 PM
#361
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Joined APC: Dec 2007
Posts: 5,414
Originally Posted by notEnuf
Low ceilings today so no VFR fun. I'm saying what is true regarding the MBCBP. You seem to want everyone to trust the force and buy China tech. Talk about obsessions. 
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11-16-2022, 01:47 PM
#362
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,033
Originally Posted by Trip7
China Tech? Energy stocks are my largest holdings and what I've been pushing the most. China Tech is about 20% of my retirement portfolio
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11-16-2022, 02:17 PM
#363
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Joined APC: Dec 2007
Posts: 5,414
Originally Posted by notEnuf
NRG and NEE were my picks early this year. They are down YTD, but comparatively that's a win against SPX. I would sure like to be making 5% guaranteed this year. I know, just me.
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11-16-2022, 05:44 PM
#364
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Joined APC: Nov 2022
Posts: 146
Originally Posted by notEnuf
Yes, but you won't get there without significantly more risk. And even if you do it won't be consistent like a guaranteed return.
I hate this concept a lot. The more I read the more I hate it.
It’s my money. It belongs to me and my family. I will absolutely vote no if this is in there.
11-16-2022, 06:04 PM
#365
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,033
Originally Posted by Trip7
Nice. BTU, EGY and CRK are my Generals. I'm up 19% YTD in my 401k
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11-16-2022, 06:22 PM
#366
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Joined APC: Jun 2016
Position: Not an RJ driver anymore
Posts: 1,033
Originally Posted by scrmhalf
Because the excess money that is slated for retirement is not qualified. It is negotiated as retirement and there should be a vehicle to have that excess qualified. This is why pilots are dumb. Do you see Ed or any high income earner taking all their money as a paycheck? No, they try and get as much deffered income as possible.
Here's a fact - that's MY money. What I choose to do with it is 100% my choice. And I want it, in cash, so I can do with it what I want. End of story. Call me dumb - pretty sure I'm doing fine on investing, thank you.
11-16-2022, 06:26 PM
#367
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Joined APC: Apr 2007
Posts: 4,459
Originally Posted by bugman61
At the end of the day, the goal is to have the most money possible saved. You do this by maximizing growth rate and minimizing tax exposure. Sometimes that means deferring taxes, sometimes that means paying them. You are suggesting deferring is always better, and that’s as wrong as those on here who say that Roth is always better. Everyone’s individual situation, risk tolerance, and financial goals are different. Right now we have a setup that allows us to taylor our savings plan how we want. More options are better, eliminating options would be a step backwards. You are alone on an island here saying that the mbcbp should still be implemented if mandatory, and your refusal to see the validity of other strategies, or even acknowledge that what you want might not be best for everyone is absurd.
11-16-2022, 06:30 PM
#368
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Joined APC: Apr 2007
Posts: 4,459
Originally Posted by Forgotmyhat
“Whoever retires with the least number of hours wins” —An old wise airline pilot
I’ll take it one step further, if the goal of this job is to maximize pay for time worked, do what ever it takes to just barely hang on to the job in order to maximize vacation and sick leave. 19+ years is roughly 400 hours. Drop everything else, stay out of the chief pilot’s office, do something else with your time. This is how you squeeze every drop out of the turnip. If you are worried about excess cash (415c) you’re spending too much of your time working for someone else and not maximizing your worth. Seriously, 400 hours of pay without turning a wheel is the goal.
I’ll take it one step further, if the goal of this job is to maximize pay for time worked, do what ever it takes to just barely hang on to the job in order to maximize vacation and sick leave. 19+ years is roughly 400 hours. Drop everything else, stay out of the chief pilot’s office, do something else with your time. This is how you squeeze every drop out of the turnip. If you are worried about excess cash (415c) you’re spending too much of your time working for someone else and not maximizing your worth. Seriously, 400 hours of pay without turning a wheel is the goal.
11-16-2022, 06:42 PM
#369
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Joined APC: Apr 2007
Posts: 4,459
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.
If you had decades of data to back up powerball, I'd listen. If federal monetary policy favored powerball, I'd listen. If simple math calculations favored powerball I'd listen. The MBCBP is a great for pilots SHOULD THEY CHOOSE TO PURSUE IT. The difference in our opinions is you want to mandate participation in your plan, whereas myself and others are proposing an optional path to financial security.
All PWA money and company provided benefits fall into the bucket of pilot compensation. Mandatory direction of DC excess into MBCBP is equivalent to requiring all per diem must be spent on layover meals and only at company approved restaurants.
11-16-2022, 06:52 PM
#370
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,033
Originally Posted by Gunfighter
Close. Retirement is better with a stream of cash flow than a pile of money.
Last edited by notEnuf; 11-16-2022 at 07:02 PM.
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