SWA Market-Based Cash Balance Pension Plan (MBCBP) скачать в хорошем качестве

SWA Market-Based Cash Balance Pension Plan (MBCBP)

In this video, Andrew Christopher, CFA®, MSF and Charlie Mattingly, CFP®, MBA break down the Southwest Airlines Market-Based Cash Balance Plan (MBCBP) and why it may be an important retirement savings option for Southwest pilots. The session explains how the MBCBP works as another retirement savings mechanism, who is eligible, and how it may support tax efficiency and downside protection. Real-world scenarios for Junior FOs, Senior FOs, and Captains highlight practical strategies and common considerations. Designed for pilots thinking strategically about retirement, this discussion provides clear, actionable insights to help optimize benefits as a Southwest Airlines pilot. NOTE: Numbers are based on 2024 IRS limits and pay scales Key Topics Covered: -Market Based Cash Balance Plan Overview -Description and Features of the MBCBP -Eligibility and Contribution Mechanisms -Tax Benefits and Strategies -Scenario Analysis: Junior FO, Senior FO, and Captain -Final Takeaways and Contact Information Actionable Takeaways: -If your income is between $270k-345k and you want to take advantage of the MBCBP, you need to put money into your 401(k) [NOTE: Numbers are based on 2024 IRS limits and pay scales]. -If you will receive spill cash into your paycheck, you may consider changing some of your 401(k) contributions to go to the Roth 401(k) to avoid paying taxes at your marginal tax rate. This plan may not grab headlines when markets are strong, but over time, its protections and tax advantages may help your overall financial plan. As always, understanding how the pieces fit together is what allows you to make confident, intentional decisions about your career and your money. #PilotMoneyGuys #LeadingEdgePlanning #SouthwestPilots #MBCBP #PilotFamily #PilotFinance #PilotLife #SouthwestPilots Timestamps: 00:00 Introduction 01:35 What is MBCPB? 05:07 How can you fund it? 07:30 Why do we love it? 09:48 Should you fund the MBCBP? 11:37 How does it work? 13:50 Junior FO Example 15:46 Senior FO Example 18:18 Captain Example 22:23 Other option for high income individuals 24:39 Key takeaways and disclaimers ____________ If you find our videos helpful please give us a "Thumbs Up" and be sure to SUBSCRIBE to our channel to be notified as more videos become available. Contact us at 865-240-2292, or visit our website to learn more about our financial planning services, https://leadingedgeplanning.com/ ____________ Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning and guests, and are subject to change at any time due to the changes in market or economic conditions.