View Poll Results: MBCBP poll. Are you in or out?
In
140
61.95%
Out
86
38.05%
Voters: 226. You may not vote on this poll
MBCBP poll. You in or out?
07-31-2023 | 12:40 PM
#11
Gets Weekends Off
Joined: Jul 2008
Posts: 5,575
Likes: 316
I知 in. I thought for sure I was going to opt out initially. I even have the final form in my email, but I never signed it. Not sure if I知 making right move, but I think I知 going to lower my contributions and try to sharp shoot the max 401k to have as little excess as possible going into this account. This forum convinced me to stay in it.
07-31-2023 | 01:01 PM
#12
Gets Holidays Off
Joined: Sep 2021
Posts: 420
Likes: 3
I'm in. 25ish years left. I just view it as already designated retirement money, and it is going to be in a safe spot in a pension-like account. I'll be making over 300k a year (at some point) and have been living comfortably on less than half that at a previous life. Plus, how many Miatas does one need?
07-31-2023 | 01:08 PM
#13
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
I知 in. I also thought I was going to opt out, but the more I looked at it, the more I realized that it痴 extremely unlikely that I値l diligently invest my excess anyway. Psychologically, this works for me and I値l just adjust the rest of my portfolio to make a good risk profile.
what made this so hard was that I realized we have enough income and enough retirement savings that neither way is a clear winner in improving our lives.
what made this so hard was that I realized we have enough income and enough retirement savings that neither way is a clear winner in improving our lives.
07-31-2023 | 02:26 PM
#16
Gets Weekends Off
Joined: Apr 2007
Posts: 5,529
Likes: 495
I知 in. I thought for sure I was going to opt out initially. I even have the final form in my email, but I never signed it. Not sure if I知 making right move, but I think I知 going to lower my contributions and try to sharp shoot the max 401k to have as little excess as possible going into this account. This forum convinced me to stay in it.
-Next year we get 17% DC, so your 3% will max the contribution limit which is 20% of the income limit.
-You can select the optional catch up contribution if you are over 50. I set mine at 10% and just let it run until full.
-If you are over 50, and over the income limit, you could consider the MBCBP as your "catch up" and not make the 401k catch up contribution from earnings.
07-31-2023 | 02:30 PM
#17
Gets Weekends Off
Joined: Jul 2013
Posts: 12,480
Likes: 1,051
I opted in. I was going to opt out but the more I thought about it, the less it mattered that it was lower risk. I'll just adjust my other investments if I start getting spill. I view it in the same lens as automatic step increases to 401k investments. For the casual investor, you aren't even going to know it's missing as your rate increases.
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