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Message
re: Indexed Universal Life policy. Who has done it?
Posted on 7/28/23 at 8:59 am to Shepherd88
Posted on 7/28/23 at 8:59 am to Shepherd88
quote:
How much are you putting in and how long have you been doing it? Let’s run the numbers for you.
Why do you need this information? You should be able to prove it with out it.
2
Posted on 7/28/23 at 9:24 am to La Place Mike
quote:
Why do you need this information? You should be able to prove it with out it.
Then you are an idiot and I can see why you got suckered into a product like those
Posted on 7/28/23 at 9:32 am to La Place Mike
Completely agree. Impossible to "prove" without knowing the number going in.
For me personally, the whole life would underperform by about 40% compared to expected return in S&P stocks. Even factoring in a 15% tax rate long term cap gains, I would be leaving signicant money on the table. For inheritance reasons, it could close that margin some, but that's projecting policy potentially 50 years down the road.
This doesn't even factor in tax harvesting, etc. that I can do to try to minimize this tax burden further.
For me personally, the whole life would underperform by about 40% compared to expected return in S&P stocks. Even factoring in a 15% tax rate long term cap gains, I would be leaving signicant money on the table. For inheritance reasons, it could close that margin some, but that's projecting policy potentially 50 years down the road.
This doesn't even factor in tax harvesting, etc. that I can do to try to minimize this tax burden further.
This post was edited on 7/28/23 at 9:34 am
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