Hi all - any of you considered a life insurance policy outside of what has been offered through work? If so, how did you go about making this decision and who did you go with. For context, we are in our late thirties with children under 5.

like
Posting as :
works at
You are currently posting as works at

Went to policygenuis. 20 year term for $55 a month.

likehelpful

Stick with a term policy and calculate for 8-10x net income (since you will already be taxed on the premiums, no taxes will be assessed on the payout) BETWEEN the group life policies you get at work and the new policies. Check the Dave Ramsey site, they do a pretty decent job of identifying affordable carriers. But there’s nothing wrong with using another search engine.

Term policies are much more affordable than whole policies, and the ‘equity’ you have in a whole policy is just your principle (as defined by the policy) without interest (the carrier is keeping all of that). Take the difference in premiums between the term and whole policy and put it in your 401k or a Roth, and make 8-10% on it.

like

We have a whole life policy that also offers a long term care benefit (10k/month) that we purchased through a financial planner. It’s Prudential, was probably $150/months for me, about $170 for my husband. I’m also able to buy up from work - 11x my salary for me and a max of 500k for my husband- for less than $100. We’re in our 40’s, no kids, and I’m the primary breadwinner.

Related Posts

Hi Guys
I will be joining IBM next week in Bangalore ( physical onboarding ) and my hometown is in West bengal , My father is having health problems , mother won't be able to handle everything and no such person we can rely on . Also I am getting married in January . Hence If i stay in Bangalore there will be no one to take responsibility for my marriage prep also . If i convey to my ibm manager will they consider for 4months of WFH?Any documents may have to show?
Need your suggestion please

like

Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

like

I am a Nurse Practitioner, with experience in primary care and oncology. I am looking to leave direct patient care and hoping to find a role either in administration, as a health ethnographer or maybe even in education (with a pharmaceutical company). Anyone know of any job openings like this? Any leads would be greatly appreciated!

like

Kpi reply krta b h is group me
Techm need NPS account from kotak only
How to open a new one.

What was your 30 day PNL %? Gaging where my 187.8% stands as I’ve been hit and miss on buying weekly dips.

like

I currently work in Healthcare as a respiratory therapist for 10 years. I have been at my job, currently, for a little over 5 years. Alongside my bachelors degree I also have a masters degree in healthcare administration. Although, I am happy with my current position as a respiratory therapist, there seems to be not a lot career growth with where the department I currently work in within my healthcare system. I am wondering what doors/opportunities I have if I were to utilize my masters degree?

like

Hey Team

I'm on a H1B so I am supposed to pay Medicare and SS taxes, but my employer has not withheld anything- my hnr block advisor caught that but she just completed my returns assuming I don't have to pay those taxes

What is the right protocol in this case? Do I owe SS and fica taxes?

like

Hi! Asking for someone who’s getting laid off at the end of the year — know it’s not advertising, but anyone have or know of any openings for occupational health and safety or environmental health and safety managers? Super experienced candidate with a wide range of experience. Please comment or DM me if so and I’ll get you in contact! 🙏🏻

like

Who would be interested in providing a referral for Travelers Insurance? I will speak to a recruiter next week and appreciate your help. TIA

like

When a private equity firm invests in your company, they do expect to exit their investment within the next five to seven years.

like

Can anyone share amex Bangalore location?

like

Laaa laaaaaaa lala wait till i get my money right (just accepted a PE offer woo)

likefunnyuplifting

FYI Amex offer for Allen Edmonds. Spend $300 get $90

like

Marriott or SPG credit card (for the sign on bonus)?

like

If I received 2019 income in 2020, do I need to amend my return? I just received a K-1 for a few thousands that is for income earned in 2019. Not sure if I need to amend or if I can just put it in my

likehelpful

For a 2-year associate now tasked with senior-like roles such as reviewing and training, does anyone have advice on how to review individual hnw tax returns?

like

How do you effectively plan for retirement?

like
like

Big4 Partners: could you provide some insights into how the Big4 pensions work. Assume one becomes partner at 40, and then retires at 50 after full vesting, how much annual $$ you get after retirement?

like

More Posts

Today is national coming out day.

What's been your journey as an LGBT professional?

like

I have 10 years of experience. Mostly in Unix, C++ and Visual C++ and MS SQL. I developed interest in cloud computing as like many others and was able to clear AWS Cloud Practitioner, AWS Solution Architect Associate and Professional, AWS Security. Along with these I was able to clear 8 Azure certifications as well: 3 fundamentals, Azure Security, Azure Developer, Azure DevOps and Azure Architect.
Now my main question, can I try to switch on Cloud Architect or some other similar cloud roles?

How to politely reject a job offer after going through interview process? I don't want to burn bridges but I got the position I wanted elsewhere. Thoughts?

like

Going to Charlioftsville next weekend, any wineries, restaurants, breweries, hiking etc...to do there during COVID. Appreciate your insight!!!!

like

Hey guys,
Could you please help me with likes since it would help me interact and probably get more referrals and opportunities.

Thank you!!!

like

Hi all! I was curious if anyone had any connections to someone Grammarly inc. I have admired their work and would love to sit down with someone and chat.

helpful

found a role i’m really interested in and came across a post about it from hiring manager with a “reach out if you’re interested”. I’ve got a few connections to the company - is it better to try to go through someone I’m connected with in a different department and try to get referred, or just jump on the hiring manager’s post and reach out to them cold?

like

Hi Fishes,

I've been on career break for 7 months now and willing to restart my career. Having 2.7 YOE and actively looking for UiPath jobs. Any referrals or suggestions would be much appreciated. Thanks!

Hi
Can any one refer me for .net developer
having yoe-2yrs

like

Jr. Associate at an AmLaw 100 firm in Central Florida. Good credentials; top 10% at T14, law review. Sick of private practice bc of hours and pressure. Also, not enjoying the work that Central Florida offers, but want to live here.

I want to one day have my own firm. Trying to think outside the box on how to get the experience w/o being in big law for ten years.

Thinking of applying to be an ASA and to the FL AGO. Would like trial experience or civil rights/con law work.

Thoughts appreciated!

like

How saturated is the Medicaid planning / elder law area in Florida? Looking to branch into this area as I find it really interesting.

like

Currently preparing for a final round case interview at the director level for a CVS Health graduate summer internship. Any tips or things I should look out for/emphasize? First time making a final round. Thanks in advance.

like

Deloitte 🐠, How much revenue do you have to win and manage to make partner?

likesmart
like

What is your definition of “underwater”? As in number of hours

like

Thoughts about the MINI Countryman SE? Thinking of buying used 2019 model

Ultimate simp move 😂😂

Post Photo
funnylike

Any good business/consulting books on amazon kindle that y’all have read that has helped you in your job?

like

Guys please help. Trying to decide Breitling vs Omega. The models I am looking are the two below. Cost about the same.

like

Additional Posts in Personal Finance Bowl

How to choose which financial advisor to work with.
I have no financial experience and an advisor reached out from equitable.

What's a good percentage (they're offering 2% as a fee)

like

Best ETF to invest in? I’m 24 looking to invest about $50k and don’t know where to put it. Nothing that’s super high cost or risky please

like

My dad stole my identity a couple
years back and tanked my credit score
- brought it down to like 400. I've
been working towards fixing it so that
my boyfriend and I can buy a house in
the next year or so. This morning, I
checked my score after not looking at
it for a while and I'm in the mid 600s!
Y'all don't know how happy I am
about this lol

uplifting

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

Have about 5k to invest - should I do FXAIX or FSKAX?

like

Keen to buy first home in Dubai but skeptical given the uncertainty around the global economy albeit high oil prices which is a positive for the region. What are people thinking? Anyone here from middle east?

like

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

like

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

like

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

like

Has anyone asked for a refund for payments made towards student loans during the pandemic and actually received it yet?

For those of you that currently pay 30% of gross income towards rent, do you still have money to save? I’m moving to NYC and am used to paying only 15%. Pay is now 125k base so I’m looking for apartments around 2800-3k

like

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

like

I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage.

I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest.

Anything wrong with this thinking or anything else I should consider?

Google stock to buy now or after the split?

like

I’ve always been a big saver minimum 15% to maxing out my 401k since I graduated college. I’m married to someone who thinks 6% is enough and likes $$$ cars. Other than the cars, they dont really spend money. For the married 🐠, how do you have the conversation with them that what they are doing isn’t enough? I try to guide them and say you want the $$$ cars but the salary you have won’t get there and you’re going to have to find a job that gets them the salary…. Then the fight starts.

like

Tips for refinancing a car I’ve had for 6 months. I’ve paid on time for every month but I’m paying $600/mo on a loan with 15% interest? I owe $25K. Will the original bank, Chrysler Capital, consider it or do I need to find another organization?

like

Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

like

Seeking feedback on GAP insurance. I had a family member who purchased a car in June or July. They were in an accident last week and it sounds like the car will be declared a total loss. Never dealt with this before, so wanted to ask if anyone has ever had an instance where the insurance didn't cover the outstanding balance of the loan and the insured then owed money? Car was $35k, $7k down, finance $28k. Gap insurance is through lender, not auto insurer.

Any good wedding ring sources aside from Blue Nile?

What's the best 529plan? Heard Vanguard Nevada plan is popular due to low fee, or NY state one gives tax benefits upto $10k (but not sure if it matters for NJ residents working in NYC). What's the criteria for deciding 529?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal