26 left…out. If $66,000 per year (2023 dollars) compounded for a couple decades can’t set me up for a comfortable retirement, then we are all screwed anyway. I have some other retirement vessels as well. I’d rather have the extra for kid’s college, property investment, or spare Miata parts.

In.

“Give me this!!”

(Given exactly that)

“Wait, not that!!!”

———-

Forced savings for the vast majority of us a good thing. Your experience may differ.

Glad current pilots may elect out, sorry new pilots can’t opt out ala basic indoc DPMA.

25+ years left and I’m in. I just figured as an old 85 year old Delta pilot or AI plane supervisor, I’d be better off with the forced savings.

Very interesting to see how much the poll differs from the one two months ago when first announced.

Is the union going to publish the final numbers?

36 left and I’m out. Pretty much exactly what you said. I feel I could get a better return for my retirement with my money than that fund, even with the loss of dues. To each their own.

Maxing everything out in all my accounts will be enough. CBP would undoubtedly add to the comfort level in retirement but also take away from the fun level throughout the next several decades where it really matters to me and my young children.

I'm OUT for the CBP even though I know it's a good tool.

It seems the MBCBP may be a better retirement vehicle than catch up contributions 2024+ that have to be put into a Roth. Anyone else come to that conclusion or run numbers on tax implications?

17% DC on $44k earnings over the IRS 415c income threshold would cover the catch up contribution amount for those who want a traditional account. I wouldn't say the MBCBP is a better retirement vehicle than a Roth catch up, but is a good way to minimize the negative impact of spill cash for those over 50 who plan on catch up contributions. There are still plenty of reasons for using Roth over traditional if your goal is maximizing retirement funding.

Lost in all of the Roth, traditional, 415C, MBCBP, catchup, back door math is the real question. I think sometimes we are overly focused on maximizing vs optimizing the tax and growth equation. What is your goal for retirement funding?

You may end up with millions, but not be able to spend it. I'm in the process of segmenting my bucket list into age categories. For example I doubt I'll be up for rafting through the Grand Canyon when I'm 70, so it's better for me to skip the catch up this year and do the rafting trip. If the goal is a two week European river cruise, save away and cruise at 70.

I have said it from the beginning - if this was mandated in the contract, I would have voted no.

I will keep my money, even at a tax hit and dues hit. I get to decide. Yay