- - MBCBP poll. You in or out?
(https://www.airlinepilotforums.com/delta/143962-mbcbp-poll-you-out.html)
tennisguru
08-01-2023 02:52 PM
Originally Posted by Planetrain
(Post 3676343)
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?
Just note that currently, do to a "technical error" in the writing of the bill, any catchup contributions for 2024 are illegal until Congress passes a bill that fixes the error. There is also debate whether the Roth requirement will actually be delayed beyond 2024 or dropped entirely.
I’m in. I also thought I was going to opt out, but the more I looked at it, the more I realized that it’s extremely unlikely that I’ll diligently invest my excess anyway. Psychologically, this works for me and I’ll 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.
