Quote:
Originally posted by Atticus Grinch
Oh, snap!
Because my retirement is effectively fully funded, and people in my line of work are at risk of being poor as churchmice during their working years and having an embarassment of riches in retirement, those other investment vehicles are not as attractive, with the possible exception of the 529 plan.
When I called it a narrow gate, I was talking about the fact that the tax benefits are lost if you spend the cash on anything other than education. A VUL has the advantage of the feds not caring what you spend it on, if you need to access the cash. But my mind isn't made up, which is why I've asked y'all.
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If you are sure you're going to hold it for at least 15 or 20 years, and you carefully review the costs and fees, a policy from a good company will let you have considerable choice in investments. If you're maxed out on other tax-deferred products, what you need to do is compare the cost of taxable investements plus term life against the premiums on the VUL. Bear in mind that your entire first year premium is commission to the agent.
