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re: The debate about universal life insurance
Posted on 8/10/20 at 10:21 pm to meansonny
Posted on 8/10/20 at 10:21 pm to meansonny
quote:
But I'd rather maximize my growth and deal with the taxes than put a hard cap on my return with a 30 year timetable
It is a psychological factor, and there is no set amount, but there seems to be a level of net worth that once you reach it you become more interested in preserving your wealth than future returns. But I agree, investing in the market long term rather than insurance would usually be the best way to build wealth.
This post was edited on 8/10/20 at 10:25 pm
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