|
Originally Posted by Gunfighter
(Post 3642063)
*for me DYODD, YMMV, BWYWWWYB, |
Originally Posted by Trip7
(Post 3642113)
Because most people don't understand basic financial let alone investing. Financial Literacy needs to be implemented in high schools. Moreover, most people are emotional rather than analytical towards investing, led to believe by Wall Street that investing is difficult and best left to the professionals, for a hefty fee while still under performing indexes.
Widespread financial literacy is a double edged sword. It makes outsized returns more difficult if everyone knows what to do. You are absolutely right about the emotional quotient, even among wealthy people. I'm amazed how dumb rich people get with a minor investment setback. |
Originally Posted by Gunfighter
(Post 3642137)
Beating the market with 100K is child's play. Beating the market with a million is easy. Beating it with $10 million actually takes some work. $100 million limits your options for niche investments that outperform. At a billion you are even more limited. When you are talking about $10+ billion Wall Street funds, you are the market. It is nearly impossible at those levels. My best % returns were when I was working with six figures.
Widespread financial literacy is a double edged sword. It makes outsized returns more difficult if everyone knows what to do. You are absolutely right about the emotional quotient, even among wealthy people. I'm amazed how dumb rich people get with a minor investment setback. |
Originally Posted by hockeypilot44
(Post 3642112)
I’m opting out. Why don’t we just change the ALPA by-laws to stop taking dues out the retirement money. Didn’t it used to be that way? Isn’t Ambrosi national presidenf? This seems like a lot of work to avoid dues. I want my money. I don’t trust anything not in my name.
A5S |
Originally Posted by Gunfighter
(Post 3642110)
Just a reminder that 330k income also triggers DC excess, it isn't just the contribution limit.
|
Originally Posted by m3113n1a1
(Post 3641979)
The way I read the email we only get one chance to opt out..if we don't do it now, we're in it forever. Correct me if I'm wrong.
|
Originally Posted by Jughead135
(Post 3642155)
Well.... "Triggers"? That's a strange way of looking at it, IMO--sort of a reverse cause & effect. $330K doesn't "trigger" the DC excess; reaching the contribution limit (which is $330K for 2023) means the company cannot put any more into your 401(k), and the PWA provides for it to come to you as taxable income (i.e., DC excess).
|
Originally Posted by Go Cards go
(Post 3642173)
Opting out later doesn’t appear to be an option, but you can withdraw your balance once a year over 59.5 years old.
|
Is it just me or is the MBCBP a huge fail? After all this effort negotiating this plan and from the sounds of it most pilots are going to be opting out.
The concept of the plan itself seems great, the only issue is the actual investment choice. Is this something the union can change? Can ALPA pivot quickly and adjust the equity/bond ratio? It seems like this is the main drawback….nobody wants 60% bonds. Why didn’t the union negotiate a more aggressive equity holding? |
Originally Posted by TurbineDriver
(Post 3642194)
Is it just me or is the MBCBP a huge fail? After all this effort negotiating this plan and from the sounds of it most pilots are going to be opting out.
The concept of the plan itself seems great, the only issue is the actual investment choice. Is this something the union can change? Can ALPA pivot quickly and adjust the equity/bond ratio? It seems like this is the main drawback….nobody wants 60% bonds. Why didn’t the union negotiate a more aggressive equity holding? my guess, and I know nothing, is that it’s because the company guarantees a balance. (Also surprised no one is talking about this)
|
| All times are GMT -8. The time now is 10:45 PM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands