Minimum Balance Plan
11-16-2022 | 07:07 PM
#371
Gets Weekends Off
Joined: Apr 2007
Posts: 5,529
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That pile of cash buys the income stream. I dream of owning a lemonade stand on the moon. I haven’t found on for sale yet so more cash on the pole for now. Just in case I’ll live off the pile when I shift to income from growth. We get what you are saying but I cashed out for peace of mind and time recovery. I’ll be fine but I won’t be doing pouring over financials or syndicated deals or trying to raise financing anymore. I’d rather spend my time studying the feeding habits of trout and getting my A&P.
Typos aside we're heading for similar goals. We just have differing approaches to reach them. I have years of turning wrenches, but never went the extra distance for my A&P. I'm all for allowing you the choice for MBCBP, but won't support mandatory MBCBP. Those taking a different path also deserve a choice.
11-16-2022 | 07:19 PM
#372
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
I just threw up a little. If you stay off the pole I'll vote for the MBCBP and Min Balance.
Typos aside we're heading for similar goals. We just have differing approaches to reach them. I have years of turning wrenches, but never went the extra distance for my A&P. I'm all for allowing you the choice for MBCBP, but won't support mandatory MBCBP. Those taking a different path also deserve a choice.
Typos aside we're heading for similar goals. We just have differing approaches to reach them. I have years of turning wrenches, but never went the extra distance for my A&P. I'm all for allowing you the choice for MBCBP, but won't support mandatory MBCBP. Those taking a different path also deserve a choice.
I edited it too late. I’m going to threaten my Speedo pics if you don’t vote for MY (really our) plan.
11-17-2022 | 08:29 AM
#374
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
With the mortgage interest deduction effectively gone, it doesn't matter. I don't know the details, 5% was thrown out as a minimum. There will be some market float but it will track closer to interest rates than equities.
11-17-2022 | 12:00 PM
#375
On Reserve
Joined: Aug 2013
Posts: 197
Likes: 23
Question for clarification…if/when one reaches the 415c limit of $66,000 (2023) before the end of year, any company contributions are also then dispersed as DPSP excess cash, correct? So there are two limits to reference wrt DPSP excess, the 415c limit and the income limit of $330,000.
11-17-2022 | 12:20 PM
#376
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
Question for clarification…if/when one reaches the 415c limit of $66,000 (2023) before the end of year, any company contributions are also then dispersed as DPSP excess cash, correct? So there are two limits to reference wrt DPSP excess, the 415c limit and the income limit of $330,000.
11-17-2022 | 12:29 PM
#377
Moderator
Joined: Jul 2006
Posts: 7,420
Likes: 423
Question for clarification…if/when one reaches the 415c limit of $66,000 (2023) before the end of year, any company contributions are also then dispersed as DPSP excess cash, correct? So there are two limits to reference wrt DPSP excess, the 415c limit and the income limit of $330,000.
11-17-2022 | 12:31 PM
#378
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Joined: Oct 2014
Posts: 1,015
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16% of $330,000 is $52,800. 20% of $330,000 is $66,000 should we get that as a DC. You will not exceed the limit unless you make individual contributions that exceed the difference. Some people front load the 401k to force excess cash. There’s an ALPA R&I email out that explains it. I got it today.
11-17-2022 | 01:59 PM
#379
Gets Weekends Off
Joined: Mar 2014
Posts: 224
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From: Cirrus CA
Anybody else goal is to have more liquid money/assets than you have in retirement accounts? Overall I think too many people focus on retirement in 50s and 60s and not enough on Financial Freedom in the near future. Keep working hard, fill up that 401k but you can't touch it in large amounts until 59 1/2 without massive penalties. It's almost as if it's a vehicle built to shackle folks into working til their old.
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You get it.
This is why I like my excess coming to me and not the MBCP. I invest it in my own brokerage account.
So that I can live off that $$$ and work less for DL until I start drawing from my 401k at 59.5 yo.
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11-17-2022 | 02:10 PM
#380
Gets Weekends Off
Joined: Mar 2014
Posts: 224
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From: Cirrus CA
Really? When I was an FO I had many CA’s claim to be DZ’ers that had exactly that… or more. And they proudly showed me the photos of their toys and 401k balances.
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