Search found 188 matches

by fyre4ce
Mon Jul 15, 2019 7:54 pm
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 41
Views: 2960

Re: E-Trade and mega backdoor Roth

All the responses have been helpful, thanks. Just had another conversation with ETrade customer service retirement specialists. New information: -They do (claim to) have other customers who do MBR and have set their plan up to accept nondeductible employee contributions. -Their plan application has ...
by fyre4ce
Mon Jul 15, 2019 5:10 pm
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 41
Views: 2960

Re: E-Trade and mega backdoor Roth

Etrade does support an In-Plan Roth Rollover (IRR) option, but that or in-services rollovers is only 1/2 of a Mega Backdoor Roth. The plan must support employee after-tax contributions. However, here is the relevant section from the Etrade one-participant 401k plan document. "Nondeductible Employee...
by fyre4ce
Sun Jul 14, 2019 8:03 pm
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 41
Views: 2960

Re: E-Trade and mega backdoor Roth

Bringing this thread back from the dead... I'm interested in doing a $10k Mega Backdoor Roth contribution this year with my wife's Solo 401k with E*Trade. I called their customer service and the guy I spoke with said they have customers who do the Mega Backdoor Roth with their Solo 401k. He said tha...
by fyre4ce
Sat Jun 15, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Compound interest for 10% interest rate?
Replies: 29
Views: 3758

Re: Compound interest for 10% interest rate?

Assuming a 365 day year, your daily interest rate is 0.027397260273973%/day. If the investment compounds every 32 days, then this is 0.876712328767123%/period. Note that one year is not evenly divisible by 32 days. So for the first 11 periods, the investment grows by a factor of 1.10077895200742. Du...
by fyre4ce
Fri Jun 14, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

OK, got partway through a major scrub of Marginal Tax Rates. I rearranged the top section to try to make the definitions more clear. I really tried to write a description that fairly reflects all the opinions expressed here. Based on some PMs I added some content about payroll tax rates. I also adde...
by fyre4ce
Thu Jun 13, 2019 6:51 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Kevin M wrote:
Thu Jun 13, 2019 1:41 pm
<snip>

Kevin
Thanks, again, for the ton of info. I don't want to hijack this thread and turn it into a discussion of checking alternatives. I may post something else in the Personal Finance forum, after I've had a chance to read the other threads you mentioned.
by fyre4ce
Thu Jun 13, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 29
Views: 2662

Re: Which car to buy?

I agree that you should put more miles on the car you have. There are no problems with it, and it's just transportation. Think of it like an ATM with wheels that spits out 800 bucks tax-free every month. Dave Ramsey says that everything you own with a motor should cost less than 50% of your annual g...
by fyre4ce
Wed Jun 12, 2019 10:54 pm
Forum: Personal Investments
Topic: Roth IRA or no?
Replies: 18
Views: 1536

Re: Roth IRA or no?

Thanks for all the info here. Yes, my wife does fully contribute to her 403K. Most likely we will be “pooling” our excess funds to fund either the Roth or traditional IRA (depending on which one is better for us) You're welcome; glad you found it helpful. Be advised, though, that neither of you are...
by fyre4ce
Wed Jun 12, 2019 8:12 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

I have two bank accounts with an APY of 2.50%, at least one guaranteed through the end of the year. A quick peek at DepositAccounts.com shows other savings accounts at 2.50% APY (or even a smidge more). So even if you want the FDIC insurance, you can do much better than 2.0%. Even Ally pays 2.2%. I...
by fyre4ce
Wed Jun 12, 2019 7:31 pm
Forum: Personal Investments
Topic: Roth IRA or no?
Replies: 18
Views: 1536

Re: Roth IRA or no?

In general, you should figure out whether you prefer Traditional or Roth investments. Traditional means you defer taxes until retirement, Roth means you pay taxes now, and never again. Which one is better is almost entirely based on whether you'll pay a higher tax rate now or in retirement. We have ...
by fyre4ce
Wed Jun 12, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Thanks to all for the edits. It will probably be this weekend before I can do a thorough scrub of both these pages.
by fyre4ce
Wed Jun 12, 2019 4:42 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Thanks Kevin for the great info. I've been keeping part of our emergency fund (currently $13k) in a CapitalOne 360 Money Market, paying 2.0%. My spouse and I keep healthy buffers (~$50k total) in our checking accounts, and I think of the EF as a tiered structure between checking, the MMA, muni bonds...
by fyre4ce
Wed Jun 12, 2019 12:13 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

None of these funds pay "dividends". Dividends are paid by stocks; these funds don't contain stocks. These funds pay interest. Yes, they do pay dividends, and the dividends are reported on 1099-DIV. Interest is reported on 1099-INT. The underlying securities pay interest, but the mutual fund, a reg...
by fyre4ce
Tue Jun 11, 2019 11:38 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Going back to the topic of the thread, according to this list of funds by Vanguard: https://investor.vanguard.com/mutual-funds/list#/mutual-funds/asset-class/month-end-returns If I filter by tax exempt only, and decide to go Money Market only for safety, I get: VCTXX VMSXX VNJXX VYFXX VPTXX VMSXX i...
by fyre4ce
Tue Jun 11, 2019 8:20 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Assuming this is correct, then we could say that $10k of business expenses in this case is at a discount of about 44.32%... which is quite interesting. People in this range must be taking advantage of this right? As in, once they see their business profit in that range (entering the QBI phase out),...
by fyre4ce
Tue Jun 11, 2019 8:00 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Wow, I see what you mean about some worst case scenarios. Complicated and bad. Yes, we are married and filing jointly so those bands would be correct for us. I'm guessing that business expenses for a sole proprietor are deducted before QBI as well, like the standard deduction? If so, then I can see...
by fyre4ce
Tue Jun 11, 2019 7:05 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Ah ok, thanks. Yea I wasn't exactly sure how this works. The 199A deduction is phased out for us but this year it probably won't be as far as I can tell, so we'll get the full deduction. Doesn't that effectively reduce our overall tax rate? For the allowances, I only meant deducting business expens...
by fyre4ce
Tue Jun 11, 2019 5:39 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

Thank you also. I think for our tax-adjusted best CD rate for 3 years, we could take e.g. 2.7%, of which we lose about 40% (32% + 9.3% minus some allowances?) so about 1.62% tax-adjusted. Worse than inflation! Your marginal tax rate on investment income is probably 45.1% (32% federal + 9.3% CA + 3....
by fyre4ce
Tue Jun 11, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I agree that "difference" is not the same as "derivative," but by defining marginal as a difference instead of a derivative seems to adequately address that point. Even if we go with your proposal, we still need a term for (what I prefer to call) the marginal rate within an interval, if we're using...
by fyre4ce
Tue Jun 11, 2019 4:40 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 4017

Re: Good Investments for 2-5 Years in Taxable

I use VCADX, Vanguard tax-exempt intermediate term CA muni bond fund. That's the Admiral shares version with a $50k minimum and a 0.09% ER. VCAIX is the investor shares version with a $3k minimum and a 0.17% ER. The 30 day yields are 1.74% and 1.66% respectively. Duration is 5 years, so wouldn't com...
by fyre4ce
Tue Jun 11, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

How do you suggest we move forward? Taking the draft versions as of this date and time and moving them to the public wiki would work. The problem is that I, and the majority of other contributors in this thread, disagree with the way it's written now. I've tried to avoid an "edit wars" situation an...
by fyre4ce
Tue Jun 11, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Real-world marginal rate > 100% MFJ no children, AGI $38,000 reflects $2000 contribution to IRA. Tax before credit is $1403 per tax table. Couple receives savers credit of $1000. Tax = $403. MFJ no children, AGI $38,001 reflects $2000 contribution to IRA. Tax before credit is still $1403. Couple re...
by fyre4ce
Tue Jun 11, 2019 2:58 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13586

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Youtube is filled with boneheads driving cars they are not able to control (lots of mustangs) - don't be that guy. Auto Addiction on youtube has lots of Nurburgring footage from the sidelines with numerous crashes. As an instructor, I shake my head with 75% of the crashes where the driver didn't ob...
by fyre4ce
Tue Jun 11, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

When the personal finance community switches from using "marginal" to using "average marginal" to describe what tax rates should be compared on the contribution and withdrawal ends, then we can revert to using the calculus-based definition of marginal. Until then we should help people by explaining...
by fyre4ce
Tue Jun 11, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2636

Re: Efficiently giving to an individual

Can any tax experts shed light on whether it would be possible to structure this as a tax-deductible charitable donation? The gift has the same spirit as charity. Is it possible to set up a 501c3 primarily for the benefit of an individual or their family? Would it be legal to, for instance, give the...
by fyre4ce
Tue Jun 11, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Trying to keep the ball moving forward with the edits. We still do not have unanimous agreement on the appropriate definition of marginal rate. I still feel, strongly, that we should stick to the commonly used "small" definition as opposed to coming up with our own. I think the "no original research...
by fyre4ce
Tue Jun 11, 2019 12:54 am
Forum: Personal Investments
Topic: 401k / IRA / Roth Ira/ tax bracket
Replies: 2
Views: 358

Re: 401k / IRA / Roth Ira/ tax bracket

You can look up your tax bracket here: https://taxfoundation.org/2019-tax-brackets/ There are a lot of other online sources as well. It's important that you calculate your taxable income properly. The tax bracket is based on your income after deductions. So take your gross income (including investme...
by fyre4ce
Mon Jun 10, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13586

Re: I'm thinking about buying a supercar anyone here done this and feedback?

I don't have nearly your income, so unfortunately those types of cars will most likely be always out of my reach. But, here are a few points to consider. Hate to be a downer, but how secure is your income? $5M per year for 30 years is massively different than $5M for the next couple years, after tha...
by fyre4ce
Mon Jun 10, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Household income doubling to $500K, seeking advice
Replies: 9
Views: 1918

Re: Household income doubling to $500K, seeking advice

Extremely thoughtful reply, thank you. This is why I love this forum. Noted on the Traditional; while it's tempting to think that 2019 will be our "least-making-year", it's refreshing to hear the "make hay while the sun shines". We'll plan to keep maxing it. Fortunately I heard about the backdoor R...
by fyre4ce
Mon Jun 10, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Household income doubling to $500K, seeking advice
Replies: 9
Views: 1918

Re: Household income doubling to $500K, seeking advice

It looks to me like you're doing all the right things. I'm in a similar situation actually, similar income, saving %, similar HCOL area in CA, DINK, although a bit older and with a bit more saved. A few specific notes: I'm a fan of the philosophy of "make hay while the sun shines." I don't think the...
by fyre4ce
Thu Jun 06, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Future Value Calculation vs. Cash Flow Calculating
Replies: 16
Views: 1071

Re: Future Value Calculation vs. Cash Flow Calculating

Thank you, fyre4ce, for this post and your previous one explaining the difference between steps and continuous. I have to say that all of this math has me leaning towards Option A given its flexibility... Glad you found my posts helpful. But I want to make sure a key point came across. The mathemat...
by fyre4ce
Thu Jun 06, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Future Value Calculation vs. Cash Flow Calculating
Replies: 16
Views: 1071

Re: Future Value Calculation vs. Cash Flow Calculating

If the underlying investment is truly annual compounding, then Option A is correct. "Annual compounding" means that the investment pays simple interest (linear) during the year. Nice post, fyre4ce! However, I have a minor bone to pick. I'd say that Option B is also compounded annually. The differen...
by fyre4ce
Thu Jun 06, 2019 4:00 pm
Forum: Personal Investments
Topic: How to invest $250K ESOP Payout?
Replies: 7
Views: 624

Re: How to invest $250K ESOP Payout?

You guys make some good points. I forgot to disclose one important point. I have not been working and will be not working the whole of 2019 and first few months of 2020. So basically, my only earnings would be my rental property income which is around $25k after deducting interest and taxes. My wif...
by fyre4ce
Thu Jun 06, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Future Value Calculation vs. Cash Flow Calculating
Replies: 16
Views: 1071

Re: Future Value Calculation vs. Cash Flow Calculating

If the underlying investment is truly annual compounding, then Option A is correct. "Annual compounding" means that the investment pays simple interest (linear) during the year. At the end of the year, the year's interest is added to the principal, and it starts paying simple interest again. If you...
by fyre4ce
Wed Jun 05, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Future Value Calculation vs. Cash Flow Calculating
Replies: 16
Views: 1071

Re: Future Value Calculation vs. Cash Flow Calculating

If the underlying investment is truly annual compounding, then Option A is correct. "Annual compounding" means that the investment pays simple interest (linear) during the year. At the end of the year, the year's interest is added to the principal, and it starts paying simple interest again. If you ...
by fyre4ce
Wed Jun 05, 2019 6:00 pm
Forum: Personal Investments
Topic: How to invest $250K ESOP Payout?
Replies: 7
Views: 624

Re: How to invest $250K ESOP Payout?

I would encourage you to rethink your aversion to use of retirement accounts (401k, IRA, etc.). Many people on this forum, including me, are big proponents of using them, and we regularly contribute the maximum to our own retirement accounts and would contribute more if we could. The reason is that,...
by fyre4ce
Wed Jun 05, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

The first thing I notice is that the page is very long. Consider that a large portion of wiki readers are using a cellphone or tablet. They'll lose interest before hitting the end of the page, which can be counterproductive. The next thing is that the math equations (which are actually images) are ...
by fyre4ce
Tue Jun 04, 2019 8:46 pm
Forum: Investing - Theory, News & General
Topic: Why put money in a Tax deferred 401k if Taxes will be higher in the future?
Replies: 25
Views: 2171

Re: Why put money in a Tax deferred 401k if Taxes will be higher in the future?

Does it make sense to put money in a tax deferred account as compared to paying the Taxes now and getting the taxes over with? Assume you're in the highest tax bracket with a 7 figure income. Your question doesn't quite match the content of the post, without additional assumptions. If you're in the...
by fyre4ce
Tue Jun 04, 2019 2:32 pm
Forum: Personal Investments
Topic: What is the tax rate on a tax deferred 401k account?
Replies: 12
Views: 682

Re: What is the tax rate on a tax deferred 401k account?

How do you pay taxes on a tax deferred 401k account? Let's say you're in the highest tax bracket at retirement and continue to be there in retirement. What would the tax rate be for your 401k account (Assume current tax rates)? Would both the principal and the capital-gain be taxed at the highest t...
by fyre4ce
Tue Jun 04, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I plugged in some simple numbers with a 22% marginal rate today and a 10% saver's credit that applies to both Roth and Traditional contributions. If the saver's credit didn't exist, normal advice would be to contribute Roth if future tax rates were >22%, Traditional if they were <22%, and a tie if ...
by fyre4ce
Tue Jun 04, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

You have a T^2 or R^2 terms and that doesn't look right. Yup, two typos when I transcribed my scratch notes. ;) Thanks! Fortunately everything past those two typos was done on the correct equations - I think. Ah yes, ha, I was in too much of a hurry to notice the end results were mathematically ide...
by fyre4ce
Mon Jun 03, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I'm definitely willing to consider including it, but I think it needs some more words for context, and preferably the math should be converted to "pretty print" <math></math> display. Good to know that you are willing to consider including it. Yes, if others see no errors then it's worth taking the...
by fyre4ce
Mon Jun 03, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

LadyGeek wrote:
Mon Jun 03, 2019 6:01 pm
Bear in mind that the wiki supports mobile devices. I generally keep tables to 600px max.
For this article, what would be the method for limiting the width?
by fyre4ce
Mon Jun 03, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I'm definitely willing to consider including it, but I think it needs some more words for context, and preferably the math should be converted to "pretty print" <math></math> display. Good to know that you are willing to consider including it. Yes, if others see no errors then it's worth taking the...
by fyre4ce
Mon Jun 03, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I did not see any changes I would suggest regarding conversions in the draft article. As it stands, my biggest criticism is the length. It's very long and a tough slog for an average or even educated person to get through. I'm not sure how to fix it per se other than having a hundred hyperlinks to ...
by fyre4ce
Mon Jun 03, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

I personally feel that conversions are best addressed in a separate article. In practicality, whether the income made is going into a Roth or Trad is inconsequential. The end result will be X in Roth (either through conversions or direct contributions) at the end of the year anyway. The way it's cu...
by fyre4ce
Sun Jun 02, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 387
Views: 15322

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

Your example has no basis in actual brackets other than the one off cliffs, which are taken care of once per year by deducting the correct amount of trad. There is a fairly common actual situation with brackets out of order. If you earn enough in Social Security, you may still be in the phase-in of...
by fyre4ce
Sat Jun 01, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: What Specifically is a Taxable Account?
Replies: 17
Views: 1129

Re: What Specifically is a Taxable Account?

Check out the wiki post a few other bh’s and I wrote recently: https://www.bogleheads.org/wiki/Taxable_account
by fyre4ce
Fri May 31, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2315

Re: Should my wife and I cancel our Whole Life Insurance policies?

I'm surprised no one has recommended a 1035 exchange to a Vanguard VA. Is that just because with the surrender value being so low (10% of the premiums), it would take too long for the balance to grow 10x back to basis?