MBCBP implementation announced…
#22
Gets Weekends Off
Joined APC: Jan 2020
Position: 330B
Posts: 118
same. I can definitely see the benefits for those close to retirement. But with 20, 30, or more years to go this is a tough sell. It’s too bad I can’t opt out now and opt back in when I’m in my early 50s.
based off what has been published I think I’ll be better off with the cash.
based off what has been published I think I’ll be better off with the cash.
#23
Gets Weekends Off
Joined APC: Apr 2018
Posts: 2,987
Will they be forced into it, or will they be given a chance to opt out in indoc?
#24
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Joined APC: May 2022
Posts: 325
#25
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
totally understand you not wanting to use it though. It’s a guaranteed low return.
#26
Gets Weekends Off
Joined APC: May 2022
Posts: 183
This thread is proof positive that you should never take financial advice from pilots. There are numerous issues with the conclusions that most of the opt out folks are making.
It’s not worth debating people on the internet who insist on making big life decisions with an incredible lack of due diligence, but anyone on the fence on this decision should seek the advice of a financial advisor. There is a reason that the highest income earners all gravitate toward these plans, and it has nothing to do with their inability to beat the expected returns of this plan in their brokerage account.
DYODD and don’t let an anonymous web board talk you into a very costly irreversible decision.
I’ll also add that there are no doubt pilots who have legitimate reasons to opt out and will be better off by doing so, but I’ve yet to see a single example discussed in this thread.
It’s not worth debating people on the internet who insist on making big life decisions with an incredible lack of due diligence, but anyone on the fence on this decision should seek the advice of a financial advisor. There is a reason that the highest income earners all gravitate toward these plans, and it has nothing to do with their inability to beat the expected returns of this plan in their brokerage account.
DYODD and don’t let an anonymous web board talk you into a very costly irreversible decision.
I’ll also add that there are no doubt pilots who have legitimate reasons to opt out and will be better off by doing so, but I’ve yet to see a single example discussed in this thread.
#27
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
I'm curious, if the opt out rate is well over 50% for those hired in the last 10 years if the union will find a way to make it optional for new hires.
#28
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
This thread is proof positive that you should never take financial advice from pilots. There are numerous issues with the conclusions that most of the opt out folks are making.
It’s not worth debating people on the internet who insist on making big life decisions with an incredible lack of due diligence, but anyone on the fence on this decision should seek the advice of a financial advisor. There is a reason that the highest income earners all gravitate toward these plans, and it has nothing to do with their inability to beat the expected returns of this plan in their brokerage account.
DYODD and don’t let an anonymous web board talk you into a very costly irreversible decision.
I’ll also add that there are no doubt pilots who have legitimate reasons to opt out and will be better off by doing so, but I’ve yet to see a single example discussed in this thread.
It’s not worth debating people on the internet who insist on making big life decisions with an incredible lack of due diligence, but anyone on the fence on this decision should seek the advice of a financial advisor. There is a reason that the highest income earners all gravitate toward these plans, and it has nothing to do with their inability to beat the expected returns of this plan in their brokerage account.
DYODD and don’t let an anonymous web board talk you into a very costly irreversible decision.
I’ll also add that there are no doubt pilots who have legitimate reasons to opt out and will be better off by doing so, but I’ve yet to see a single example discussed in this thread.
#29
I bet if the opt out rate is high enough ALPA will miraculously come up with another opt in period. They probably got a portion of the management fees based on a predicted amount that would be going into the Blackrock account.
#30
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,716
you have any evidence of this corruption or just throwing accusations out for the fun of it?
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