{ "media_type": "text", "post_content": "Whole life insurance. Broke or Woke when it comes to financial investing?", "post_id": "6104e9c95cbb83002a630ab0", "reply_count": 16, "vote_count": 2, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law" }

Whole life insurance. Broke or Woke when it comes to financial investing?

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

Run away.

like

Suzy Orman pounds the table as a HECK NO! whenever this comes up. Term only.

like

Stay away from NWM and whole life insurance. In that order will serve you quite well too!

like

Okay so it sounds like this is hella broke. Is NWM that bad of a company? I have disability insurance and a Backdoor Roth IRA with them. Should I just decline the whole life insurance and keep the other investments?

like

It’s not that NWM is per se bad. It’s just that whole life insurance is a bad product. As long as the disability insurance is priced at market and is arraign insurance and not some weird investment vehicle, that’s fine. And the wisdom of the ROth is, as FA says, entirely dependent on what the fees you’re being charged. nWM tends to charge high fees and commissions.

They can have some tax advantages for ultra high net worth people, but I’d run away.

like

? Your firm doesn't already have life insurance? Think mine is 3x yearly salary included upgradable to 6x if you want to pay.

Southern manners really are a burden. I've gotten better at getting to the point, apparently, because last time my mom heard me take a business call she mentioned how "brusque" I sounded. I'm making deals here, not having tea at the club.

like

Broke. Buy VTSAX or something similar and leave it alone.

Related Posts

Can anyone from big 4 comment on your healthcare practices

like

Has anyone ever had services done at Planned Parenthood? I need to get a pelvic ultrasound (not pregnancy related) that isn’t covered by my insurance so would be $500 at my current OB... (continued)

like

I graduated in May 2020 and found myself excepting a Junior Art Director position in Healthcare. I never saw myself in health but with many agencies having hiring freezes I decided to get some experience and save up some money in the meantime. Fast forward one year; I’ve added a new campaign to my website and I’m starting to apply to consumer agencies again.  Any tips to help me make the transition? Any place to avoid? Who have you noticed is hiring again? Thanks in advance :)

like

How much did your company pay to opt-out from the health insurance program?

like

Hello Everyone! I am an ETL Developer with 9+ YOE. I have job offers from the below companies with almost same compensation. Can you suggest which is a good option to join if job security and work life balance is of priority? 1. Luxoft India LLP (A DXC acquired company) 2. HCL Technologies 3. Legato Health Technologies 4. Cognizant Technology Solutions Looking forward for your feedback and suggestions. Thank you in advance.

like

What's better: senior product manager at Amazon, or Director at a large pharma company? Long term goals are fuzzy, but would like to stick in the health-tech space Comp is about the same

likefunny

Is it normal for a Partner to tell me “you know this will delay your promotion by 6 months” a day before my STD for mental health reasons? (P.S. He assumed I took the leave for mental health reasons although I never mentioned that to him). He also said “people like you leave and never come back so make sure you talk to your sponsors before making any decision, there are people who are excited to work with you”.. the conversation is on replay in my head

like

Has anyone here dealt with adult ADHD? I have a few coping mechanisms that allow me to be high functioning but def deal with insecurities seeing my peerset so on the ball. Curious if any of us have dealt with mental health issues.

likehelpful

Sources or references available on operating model/business processes specific to health plans (for example: sales and marketing, provider management)?

like

Any suggested readings on health plan operation and performance?

like

For people managers, will you choose to downgrade to individual contributors at FAANG or continue being a people manager in traditional industries (e.g., finance, healthcare)?

like

Is a mental health sabbatical a thing ?

like

Props to BCG for taking a firm stance for public health

Post Photo
likefunnyupliftinghelpful

FCB Health vs Havas Health? (NY)

like

I have some shoulder pain and it’s affected my ability to workout for a while. That is starting to affect my work, health, etc. Any suggestions for a good way to exercise w/pain like this? Cont.

like

Freelance to full time in NYC. Should annual match (or be within a few thousand) of what hourly works out to be? Yes they cover health etc but seems like more responsibilities. Hourly was mid market rate.

like

Do most MBA program fees cover mental health services through the university such as counseling?

like

Hello Everyone! I am an ETL Developer with 9+ YOE. I have job offers from the below companies with almost same compensation. Can you suggest which is a good option to join if job security and work life balance is of priority? 1. Luxoft India LLP (A DXC acquired company) 2. HCL Technologies 3. Legato Health Technologies 4. Cognizant Technology Solutions Looking forward for your feedback and suggestions. Thank you in advance.

A&M folks, how good (or not) are your health / dental/ vision benefits ? How much are out-of-pocket expenses for families? Also how is the 401(k) match?

like

Finding it hard to continue as an attorney after 10 years as a very happy litigator doing insurance defense work including trials. Courts have been closed for over a year (I practice in NYC) and it does not look like I’ll ever have the lifestyle I once had and loved, going to court and depositions every day. Billable hours seem impossible without court and life has just gotten so gravely boring. Anyone else feeling lost? I’ve spent the entire last year trying to figure out where to go from here

like

Additional Posts

Has anyone seen the changes to United’s loyalty program? Any thoughts on the PlusPoints or new qualifying rules?

How is B4 life when you have small kids and a nonworking spouse?

Has anyone used their MBA to break out of agency roles into a client side position, marketing or elsewhere ? If so, how did it go?

likefunny

Just wanted to S/O to Accenture Strategy for raising base comp. Forcing our leadership to say “if ACN is doing it, we gotta do something!” You are the real MVP!

like

Any delays getting out once landing at ORD today? Hoping to get downtown somewhat quickly.

like

What are some scenarios that would cause the USCIS to deny someone’s H1B after being selected in the lottery?

like

If I reimburse $X and the company adds $X to my paycheck I’m losing money right? Since I get taxed on the $X in the paycheck and end up with less then I spent

like

Compensation range for Corporate VC Senior Associate, and at Greylock? Applying with 2 years of VC at a Midcap, and 2 years of MBB under my belt.

like

Really sad knowing that it will be hard to celebrate Thanksgiving and Christmas this year due to COVID19...

like

This “always on” slack/teams culture needs to end. Timestamped emails after and before work hours should be penalised as signs of poor time management skills and project management efficiencies. I hope we do like germans and labor laws are made for after work hour messaging.

likesmart

I've seen folks around here ask for referrals to companies. I'm looking for a referral to KPMG's Data & Analytics practice at an equivalent level to EY manager (currently S3 here on track for promotion this upcoming year). How does that process usually work on this app? I'm open to other consulting firms as well but already have referrals for most of my targets. I specialize in AI & ML and my differentiator is being able to effectively translate between executives and data scientists.

like

Anyone at EY got selected in second round H1B lottery?

like

Can anyone from big 4 comment on your healthcare practices

like

O&M Creative: more shuffling still to come? And by shuffling, I mean layoffs too.

like

Has anyone ever had services done at Planned Parenthood? I need to get a pelvic ultrasound (not pregnancy related) that isn’t covered by my insurance so would be $500 at my current OB... (continued)

like

Can someone pls suggest good resources/yt videos for preparing for microservices scenario based interview questions. Tech is java.

like

How much do you value pay vs. experience? Been with the firm for a few years now and severely underpaid, but working on interesting projects and good people. Can probably get a 50% raise if I jump.

like

What's the best course of action when your airline gate agent or flight attendant is a total POS?

like

Sometimes I feel like my boss takes "coaching" a little too far. He's all about "breaking me down" in order to "build me up". He's told me things like my voice is too boring when I present, or that I didn't do enough in my last role, suggesting that I wouldn't be in his team if it weren't for him in team meetings. Yesterday he asked me to call someone (on a non-urgent topic) who was on DND, and when I told them I'd call them later, he mimicked me. Am I being too sensitive?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal