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Posted on 4/2/13 at 10:43 am to Broke
ok...switch gears then since I don't understand most of what you guys are talking about.
If you had $15K-$30K/year to invest yearly for the next 20 years, what vehicle would you use?
Looking to spit off retirement income at year 20.
If you had $15K-$30K/year to invest yearly for the next 20 years, what vehicle would you use?
Looking to spit off retirement income at year 20.
Posted on 4/2/13 at 10:46 am to Broke
quote:
Isn't it against the rules to pitch these things as investments anyway?
Not sure, I haven't sold life insurance in years except for little term policies for friends and family.
Posted on 4/2/13 at 10:49 am to Broke
The indexed universal life products get dicey on that, since they sort of are an investment. Traditional WL you cannot sell as purely an investment (though many terrible agents do).
To the OP's question. You will get a ton of different answers because there is no "correct answer" per say. The most important thing is that you invest in something. If it was me, I would make sure I have the right death benefit for the life side. Use some traditional WL from one of the best companies (NML, NYL, or Mass), as well as an investment account ("love vanguard retirement funds). That way you capture everything. Retirement accounts capture the real upswings in the market, WL protects during the down swings, and you have diversity with regards to taxes and distributions during retirement. (Pull from insurance if income tax is really high, investments when it is not).
The best thing you can do is give yourself multiple buckets to pull from in retirement so that you have flexibility with regards to liquidity, taxes, market exposure, etc.
To the OP's question. You will get a ton of different answers because there is no "correct answer" per say. The most important thing is that you invest in something. If it was me, I would make sure I have the right death benefit for the life side. Use some traditional WL from one of the best companies (NML, NYL, or Mass), as well as an investment account ("love vanguard retirement funds). That way you capture everything. Retirement accounts capture the real upswings in the market, WL protects during the down swings, and you have diversity with regards to taxes and distributions during retirement. (Pull from insurance if income tax is really high, investments when it is not).
The best thing you can do is give yourself multiple buckets to pull from in retirement so that you have flexibility with regards to liquidity, taxes, market exposure, etc.
This post was edited on 4/2/13 at 10:52 am
Posted on 4/2/13 at 1:10 pm to Broke
quote:
Isn't it against the rules to pitch these things as investments anyway?
I believe so.
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