If it’s not optional then I’d advocate that it’s not a good idea. I’d feel better off having that money and doing what I wish, even if it’s taxable income.

In most states, "taxable income" for the final $ of yearly earnings is ~ 40%. The way it works out with the extra Net Investment Income Tax of 3.8% is going to be 35+7+3.8 for our family in 2022. ... 45.8%. The Paul Ryan/Trump plan moved the threshold for itemization. As a result, most people are taking their standard deductions.

Tax Rate Taxable Income
(Single) Taxable Income (Married Filing Jointly)
10% Up to $10,275 Up to $20,550
12% $10,276 to $41,775 $20,551 to $83,550
22% $41,776 to $89,075 $83,551 to $178,150
24% $89,076 to $170,050 $178,151 to $340,100
32% $170,051 to $215,950 $340,101 to $431,900
35% $215,951 to $539,900 $431,901 to $647,850
37% Over $539,900 Over $647,850
--
Plus state. Georgia is 7%
----

I am FOR the MBCBP.

historical s+p returns would pay for that tax multiple times with money left over vs the MBCBP’s 5% “target” and not be locked up until retirement.

I am for an optional plan that doesn’t and won’t exist

Would returns not float with the market? Agreed, a 5% "target" trails the market by >6%. I do not understand why the optionality is hard for the IRS.

I like having different pots of money to pull from at various stages of my life. Outside of my 401k and Roth IRA, I keep a brokerage account. I’d rather load up my brokerage and generate dividend income. So what if it’s taxable. I can use that money to work less perhaps later in my career.

There is much that is not known by line pilots about the actual plan at this time. They started with a conservative 3-5% growth, which was rightly criticized. The beginning of the year update mentioned individualizing the rate of return in a target date style option. They did not mention what that would do to the risk of underfunding.

The IRS simply has not responded to any requests from us. Optionality is likely hard because no plan like this exists anywhere.

No Min Balance, No just No.

The balance has shifted on the voting blocks. We need a deal that looks forward. We should not be negotiating for the past.

Agreed. Also no MBCMP. Tax-deferral doesn't magically make a bad investment worth it.

I recall reading somewhere that the $$$ deposited in the MBCBP did NOT have survivorship benefits…ie…your DPSP excess is deposited for X amount of years and then you stroke out at 64….and that money that you put in…stays in the pot and your surviving spouse gets the shaft.

Truth??? Honest question. I do seem to remember there was angst about this 4’ish years ago when it was being designed.

Also, I do not believe for a nano second the the IRS is going to change the rules just for Delta Pilots. It will be an all in or nothing plan. If implemented…you will not have s choice. You will be enrolled, your DPSP cash will be deposited and you’ll have no say over the investment vehicle or returns.

Solid NO on the MBCBP…and the ship has sailed on the MBP/Lump Sum Plus up money grab.