MBCBP implementation announced…
07-07-2023, 09:49 AM
#342
Moderator
Joined APC: Sep 2011
Posts: 4,812
I think Gunfighter's point was that if you can decide how to vote on a much more major/consequential decision like the PWA in 30 days, you can gather and evaluate the MBCBP in the same amount of time. But I get your point.
07-07-2023, 11:15 AM
#344
Gets Weekends Off
Joined APC: Jan 2020
Position: 330B
Posts: 130
Knowing me, that I would probably invest 75% of the excess, on a good day, and would likely buy a dirtbike, go to a MXGP race in Europe, etc with the rest, I've opted in. The advantage of the way I invest (just park it in an index fund, or a lifecycle fund) over the MBCP just isn't that much and would be nullified by how I would LIKELY spend the money.
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07-07-2023, 11:18 AM
#345
Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,991
I too have a problem with indecision. Wait maybe it’s more of a procrastination problem. On second thought I’m not really sure - I will figure it out tomorrow.
Scoop
07-07-2023, 12:04 PM
#346
Gets Weekends Off
Joined APC: Jul 2010
Posts: 3,371
But for several years, they’ve been saying you can opt out and opt in every contract cycle. This one time irrevocable opt in or opt out FOR LIFE, was announced in may.
So no…I want the original deal, not something they’ve been changing constantly. It’s just a 24yr gamble for me, because we can take it out at 59 1/2.
Last edited by PilotJ3; 07-07-2023 at 12:16 PM.
07-07-2023, 12:17 PM
#347
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
The two step workaround looks like making the election for a Traditional IRA rollover and then taking a taxable withdrawal later in the year if desired from the IRA.
Thanks for the correction about the contract.
07-07-2023, 12:18 PM
#348
Roll’n Thunder
Joined APC: Oct 2009
Position: Pilot
Posts: 3,836
Talking about this plan for several years…
But for several years, they’ve been saying you can opt out and opt in every contract cycle. This one time irrevocable opt in or opt out FOR LIFE, was announced in may.
So no…I want the original deal, not something they’ve been changing constantly. It’s just a 24yr gamble for me, because we can take it out at 59 1/2.
But for several years, they’ve been saying you can opt out and opt in every contract cycle. This one time irrevocable opt in or opt out FOR LIFE, was announced in may.
So no…I want the original deal, not something they’ve been changing constantly. It’s just a 24yr gamble for me, because we can take it out at 59 1/2.
07-07-2023, 12:33 PM
#349
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
Talking about this plan for several years…
But for several years, they’ve been saying you can opt out and opt in every contract cycle. This one time irrevocable opt in or opt out FOR LIFE, was announced in may.
So no…I want the original deal, not something they’ve been changing constantly. It’s just a 24yr gamble for me, because we can take it out at 59 1/2.
But for several years, they’ve been saying you can opt out and opt in every contract cycle. This one time irrevocable opt in or opt out FOR LIFE, was announced in may.
So no…I want the original deal, not something they’ve been changing constantly. It’s just a 24yr gamble for me, because we can take it out at 59 1/2.
Your option for lowest likelihood of sub optimal outcomes is opt out and put spill cash in VOO or equivalent. Opting in over 24 years is a LONG time to lose control of your money. If you are earning over $330,000 from Delta with 24 years til the in service withdrawal option, there are many options for the money.
You may want to save up that spill cash for a PLOA and take a round the world sailing trip while you are still young enough to do it.
*My judgement is skewed by a decade of taxable investments that have outpaced the after tax (and even pretax) returns of every one of my retirement savings accounts.
DYODD YMMV
Other than buying a Miata with spill cash, there are no bad decisions on the MBCBP.
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