Originally Posted by Bo Darville (Post 3642054)

You are correct. Those are the individual contribution limits. However, the combined employee and employer limit for 2023 is $66,000.

-Bo

Originally Posted by formerdal (Post 3642085)

You are correct the OP thought the individual was 19...

Originally Posted by BusDrvr (Post 3642071)

Talk about being locked-in to a poor investment vehicle. A million in life insurance with Delta not enough?

Originally Posted by PilotJ3 (Post 3642094)

First, you’re locked in. Second, you definitely don’t know what you’re talking about. The idea is not using the life insurance part, is everything else.

Which again, you clearly don’t understand.

Originally Posted by Trip7 (Post 3641858)

Not sure why you believe 12% is some sort of unachievable return for pilots. To be in the realm of Warren Buffett a pilot will need to average well in excess of 20% returns over a career. Please don't quote Berkshire Hathaway recent returns from their multi billion dollar operation that has far less options with that sum of money vs a small individual investor.

Warren Buffett as a small individual investor achieved 50% IRR. Peter Lynch achieved 29% IRR over 10 years managing the Fidelity Magellan Fund. Joe Greenblatt averaged 49% returns managing the Gotham Partnership. Lynch and Greenblatt both retired when their funds grew to big to generate excess return from the S&P 500. All of them have wrote books detailing their investment process in a simple, easy to understand format. All say the same thing, investing is not difficult, does not require some sort of high IQ, just basic math and emotional stability.


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Originally Posted by Gunfighter (Post 3642102)

There can be a place for high cash value participating life insurance with a mutual insurance company. Not everyone reading this board is a student of Nelson Nash. Doug Andrew also has some interesting content. I liked the book Entitlement Abolition. Are there any pointers for someone just beginning the search?

Originally Posted by Planetrain (Post 3642103)

-I dropped my 401k contributions to 0% last night. That will force only company contributions to fill the 401k from here out and will buy some time on hitting “401k Cash” to figure out how the MBCBP will work. I can raise the contributions when we know more info.

-The ERISA protection has some value. It can’t be pierced by creditors ie OJ Simpson NFL retirement. Can’t same the same about real estate or brokerage accounts.

Originally Posted by Planetrain (Post 3642107)

https://media.tenor.com/3LFtAl3BnVYA...namite-ugh.gif

I know trip, why can’t more people make 20-50% returns EVERY year? So easy! Step 1 read the books, step 2 profits!