United MBCBP details
07-04-2023 | 11:55 AM
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United MBCBP details
I’m somewhat familiar with how DAL’s is setup, and I’m getting up to speed on the newly offered FX one, does anyone have the details of the United Market Based Cash Balance Plan referenced in the NC notes?
This could be a very nice and lucrative addition for us to shield some money from taxes, or it could be a flop. Either way, I’m guessing due to RLA provisions and Treasury rules each of us will need to make a one-time choice to either participate or never be allowed to again, so we definitely need to understand it.
This could be a very nice and lucrative addition for us to shield some money from taxes, or it could be a flop. Either way, I’m guessing due to RLA provisions and Treasury rules each of us will need to make a one-time choice to either participate or never be allowed to again, so we definitely need to understand it.
07-04-2023 | 12:03 PM
#2
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From: Gear slinger
I’m somewhat familiar with how DAL’s is setup, and I’m getting up to speed on the newly offered FX one, does anyone have the details of the United Market Based Cash Balance Plan referenced in the NC notes?
This could be a very nice and lucrative addition for us to shield some money from taxes, or it could be a flop. Either way, I’m guessing due to RLA provisions and Treasury rules each of us will need to make a one-time choice to either participate or never be allowed to again, so we definitely need to understand it.
This could be a very nice and lucrative addition for us to shield some money from taxes, or it could be a flop. Either way, I’m guessing due to RLA provisions and Treasury rules each of us will need to make a one-time choice to either participate or never be allowed to again, so we definitely need to understand it.
07-04-2023 | 12:19 PM
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It’ll be a flop return wise, like the Retiree Health Account, but unlike the Retiree Health Account, the dollar value of credit will be the pilots can be inherited instead of forfeited to the administrative entity upon the death of the pilot (and spouse where applicable)
07-04-2023 | 12:28 PM
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It’ll be a flop return wise, like the Retiree Health Account, but unlike the Retiree Health Account, the dollar value of credit will be the pilots can be inherited instead of forfeited to the administrative entity upon the death of the pilot (and spouse where applicable)
If you look at an entire investment portfolio holistically, a MBCBP with a relatively conservative strategy can be balanced with a 401k or IRA with a more aggressive one, with big tax savings. It’s all getting rolled into an IRA anyway.
As far as the RHA goes, each of us has a different opinion on that. Personally I know I’ll have probably $100k+ of medical expenses for myself and my wife, even with Tricare, so it’s part of my long term financial plan.
07-04-2023 | 12:37 PM
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I need the data to determine whether it’s a flop.
If you look at an entire investment portfolio holistically, a MBCBP with a relatively conservative strategy can be balanced with a 401k or IRA with a more aggressive one, with big tax savings. It’s all getting rolled into an IRA anyway.
As far as the RHA goes, each of us has a different opinion on that. Personally I know I’ll have probably $100k+ of medical expenses for myself and my wife, even with Tricare, so it’s part of my long term financial plan.
If you look at an entire investment portfolio holistically, a MBCBP with a relatively conservative strategy can be balanced with a 401k or IRA with a more aggressive one, with big tax savings. It’s all getting rolled into an IRA anyway.
As far as the RHA goes, each of us has a different opinion on that. Personally I know I’ll have probably $100k+ of medical expenses for myself and my wife, even with Tricare, so it’s part of my long term financial plan.
It's good that you are taking into account the RHA... a lot people seem to think that the RHA is useless for Tricare recipients. It's a great deal and all will get spent, particularly if you retired from AD.
07-04-2023 | 02:35 PM
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From: 767/757 CA
We’ve pretty much run out of places to shelter our hard earned $$$… this is an attempt to give you more $ without it causing you to go into a higher tax bracket… I’ll take it over Uncle Sam sucking away the alternative.
07-05-2023 | 12:24 PM
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Absolutely. I can find other ways to balance as needed, I just want it tax sheltered.
09-03-2023 | 07:34 PM
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Not quite, some pretty big differences, one in particular.
Recommend reading this article, Jason usually does a fine job on money analysis and this one meets his standard:
https://pilotmathtreasurebath.com/2023/09/03/united-pilots-mbcbp-important-differences/amp/
The United MBCBP will give us lots of new and better options to shelter money on our own terms, and keep it within our families estate. It’s been a bit overshadowed by other parts of the TA but is actually a really nice addition that should be very lucrative for most of us.
Recommend reading this article, Jason usually does a fine job on money analysis and this one meets his standard:
https://pilotmathtreasurebath.com/2023/09/03/united-pilots-mbcbp-important-differences/amp/
The United MBCBP will give us lots of new and better options to shelter money on our own terms, and keep it within our families estate. It’s been a bit overshadowed by other parts of the TA but is actually a really nice addition that should be very lucrative for most of us.
09-04-2023 | 05:24 AM
#10
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Not quite, some pretty big differences, one in particular.
Recommend reading this article, Jason usually does a fine job on money analysis and this one meets his standard:
https://pilotmathtreasurebath.com/2023/09/03/united-pilots-mbcbp-important-differences/amp/
The United MBCBP will give us lots of new and better options to shelter money on our own terms, and keep it within our families estate. It’s been a bit overshadowed by other parts of the TA but is actually a really nice addition that should be very lucrative for most of us.
Recommend reading this article, Jason usually does a fine job on money analysis and this one meets his standard:
https://pilotmathtreasurebath.com/2023/09/03/united-pilots-mbcbp-important-differences/amp/
The United MBCBP will give us lots of new and better options to shelter money on our own terms, and keep it within our families estate. It’s been a bit overshadowed by other parts of the TA but is actually a really nice addition that should be very lucrative for most of us.
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