Why invest in your 401K when you can invest in an Index Universal Life Insurance Policy?

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

Stop

like

Cause these policies are ripoffs

likefunny

D1 the silence leads me to believe you were correct.

Cuz 401k’s have fund matching from a lot of employers and way lower fees

like

Free money + growth from pretax $$. And you know you can do both right?

like

Employer matching.

like

At LEAST put up to your employer match in the 401K. After that, do what you want, it’s your retirement.

like

Only makes sense if you've literally maxed everything else out ( HSA, 401k, IRA, debt service, emergency fund) and still want to put more money away. Even then I'm not sure as you have to factor in the cost of the policy which will increase with age.

Related Posts

Let’s talk finances. How are you all paying for this? Loans, I assume, but any strategies?
In early 2021, better to try to max out retirement accounts to maximize financial aid or to just start saving?
200k is so much.

like

I have 15+ years of US and international healthcare YOE (clinical ops, mgmt, prod imp, apms), 10+ of which have been in non-trad consulting roles. I don’t have a masters but am applying now. I’ve been contracting on a number of fed projects for BAH with VA, HHS, etc for 5 years as SME/imp spec.
I’ve was offered a fed healthcare ops specialist role at boozallen at associate level $140K. I was originally told that the role was a lead. Growth and title are imp. to me. Is this salary low?

like

3 hour maintenance delay this morning on American. Checked my account and they deposited 5k points without me even contacting them. Has anyone had this happen before? I am PP status

likeuplifting

Does anyone here work at Cover Whale Insurance? They are a wholesale company and I’m wondering what the culture is like since it is a fairly new but quickly growing company.

like

How much will I get from 1.5L benefits provided in CTC from Thoughtworks if I don’t reimburse anything?
Liked fixed in a year?

like

Anyone have feedback on in house attorney positions with Mercury Insurance?

like

Tips on discussing reimbursement for travel expenses during the “interview” process? I was invited to travel to a different state to discuss joining a firm. Should I even bring up the topic of expenses , or just pay my own way?

like

Hello, looking for supervisor positions in healthcare within NYC, I am looking to start ASAP. I have my Bachelors in Health Services Admin and Economics, 5 years of experience in the industry and I am currently working towards my PMP certification, as well as going for my MBA or MHA, depending on what program I can afford. I am currently located in Queens. Thank you!

My husband and I have saved up about $80K and it’s just sitting in our bank account. We thought we were going to buy a townhome but with the crazy inflated prices we decided not to since we like where we live currently (location could not be better and rent is crazy cheap at only $700 a month). How should we invest our money in the meantime while we save up for a house?

like

Is this the end of days for our love affair with cryptocurrencies?

like

Morning all. I am looking for a favour/solid advice. I've been in the interview process for a dream role over the past month or so and just found out I didn't get the job after final round 🙃.

Unfortunately this isn't the first time this has happened during the past year searching. Looking for a SC level role within healthcare/public sector consulting firm. I know the job scene is a bit miserable currently but if anyone in the bowl is aware of a role I would love to have a chat.

Thanks all

like

Booyahh, landed hedge fund number 2 for IPOs.

like

Bucks County, PA. Depending on size of book can purchase immediately or being a longer term succession plan.

anyone gonna buy any calls before market close?

like

Why are some people saying that they (regulators or the govt) need to stop GME trading? Isn’t this a free market?

like

Does anyone have any experience with B2B buy now pay later? While I understand number of SMEs and volume of online transactions are important drivers, keen to hear different perspectives incase I’ve missed anything vital.

like

Monday Wordle :

Wordle 401 5/6

⬛🟨⬛⬛🟩
⬛🟨⬛🟨🟩
⬛🟩🟩⬛🟩
⬛🟩🟩🟩🟩
🟩🟩🟩🟩🟩

like

Hi Fishes, I wanted to know more about Hitachi vantara as a company. I have cleared all rounds and awaiting offer, want to know how is the compensation, work culture, insurance benefits, growth like ?
Kindly help , stay safe everyone

likesmart

What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

like

More Posts

I have a partner who routinely ignores emails or responds to them several weeks later. He has to approve every single document sent to the client or the court, which means you have a physically go to his office to ask him to review something. Half of the time you go to meet with him in person, he’s either on a call or otherwise busy. I find that this basically creates more work and makes meeting deadlines extremely difficult. Is this normal?

like

Just took delivery, and I’m already looking with pity at the rest of my pieces that don’t have a unique use or complication. Extremely comfortable everyday watch.

Post Photo
like

Any LGBTQ+ individuals in Sarasota area??

like
like

Taking FAR soon! Currently reviewing the book and wanted to see if y’all had any advice on what modules/sections to cover more then others? Been hearing Gov/NFP is a big one. Anyone care to share what the exam was like for them and what it mainly covered?

like
like

Kevin McCarthy should strip Marjorie Taylor Greene of her committee assignments like he did with Steve King. Nancy Pelosi should do it with Ilhan Omar too. No place for anti-Semitic bs in Congress

like

Is Hollywood out of creativity nowadays? Every film seems to be similar to a pre-existing one and don't even get me started on all the remakes.

like

McK AMA. On PTO this week and next. What do you want to know?

like

The past two days I’ve spent to my entire day doing things that really can be done by a paralegal. So I hired a freelance para. Any tips to make this a success? What’s your tips to train and get your para up to speed?

like

Any ideas of the expected comp range for a strategy manager role in industry?

like

Does anyone have experience travelling in or out of Heathrow over the last month? Got a trip booked and wondering what the border restrictions are like/ what documentation is needed for showing reason for travel (if any)

like

How to get out of the project facing difficulties in coding no work am doing as even there is no back fill resources , tasks are delaying and piling and even it's affecting my mental health can't able to focus on work as well as my personal life any suggestions much appreciated

Disparately need release from this project to my base location
I am in client location

How to get out of this project immediately

like

One of our older advisors is about to retire so his book will be split amongst us junior advisors. What can I do to pitch myself to him and to management to earn the bigger accounts?

like

Hello everyone! I got a screening phone call with HR for a staff accountant role. Any ideas on any questions I can ask that an HR person would know? Thanks!

like
like

Anyone here in large Automotive Tier 1 sales? What’s your position, sales/yr, base and bonus?

like

Best dating app for india.?. Sick of being single in wfh

like

Does anyone else feel like their social skills went down during the pandemic? My new anxiety makes retail so hard.

like

Inebriated thought...What if rhinos are simply unicorns that let themselves go?

likefunny

Additional Posts in Advertising

Kudos to the man on the train next to me who has his ticket around his neck, his glasses in his hand and a full sleeping mask on. 😴

like

Can community managers call themselves copywriters?

like

Wavemaker Any insights on wavemaker canada team. In the interview phase but want to know is it worth switching from a small agency to here. How is the Loreal team bdw. How is the overall culture and work life balance.

like

If you do something on the side for extra cash (like drive for Uber) then lose your agency job in a layoff, does your little side gig disqualify you from collecting unemployment?

like

Friday morning hangovers in the office - who's with me? (but not so loud pls)

like

Are CPGs pushing more faux-health benefits than before?
Or is society catching up to the bs?

Post Photo
like

I hate that I feel sad I’ve never had my work enter for awards. My feed is flooded with everyone’s success. Should this define me? Why do I care so much when there are bigger problems in the world?

like

I think I’m finally burnt out on agency life. What’s a logical next step? Freelance? In-house? A new career all together?

like

Hey guys! Working on an interesting personal project and would like to know who you guys would suggest as having the freshest haircut in the ad game! Their names, portfolio and agency would be great.

like

What’s the email format for le truc? The recruiter there shares a job on LinkedIn yet doesn’t respond there, NOR provide a way to get in touch. The worst.

like

Has anyone received a job offer after being initially ghosted by recruiter? How long did you not hear from them? Feeling down after not hearing anything for 2 weeks after a round of seemingly promising interviews.

like

Is it normal for every single call (client or internal) everyone dials in from their desks at an open format office? Everyone avoids takings calls together/conference rooms like the plague.

like

Thoughts on having PMs manage media teams?

like

New place I’m at is complete anarchy. Only here for a month. One of the account managers is working 14 hour days and is a bout to crack ... so I mention it to my “manager” or na

like

What health/pharma agencies are in SF?

like

Does the infamous side hustle really just mean a hobby?

like

Does anyone feel weird in the DEI space for all the identity politics of representation (which I understand progress is progress!) but it’s still within the system of capitalism because this is still... advertising? - coming from a BIPOC

like

When is it OK to ask for a partner swap? I've been working with a super fun Jr. AD for four months, but I feel like I'm pulling most of the weight + that we aren't bringing out the best in each other.

like

Looking for senior designers that knows shopper marketing. Please DM with books!

Finally wrote the 3 social scripts 2 hours before they were due when I was briefed over 2 weeks ago, what are you doing?

likefunnyuplifting

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