Search found 22 matches

by fiddlestyx
Mon Jan 18, 2010 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

To paraphrase a great American, "whole life insurance ain't got no mortality charges, Lieutenant Dan." This is another example of a Boglehead forum denizen (whose posts I've actually admired and respected for about five years now on another forum) not grasping the difference between WL and...
by fiddlestyx
Mon Jan 18, 2010 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

Mortality charges? Inwhole life?!?!?!

ROFL!!!!!
by fiddlestyx
Mon Jan 18, 2010 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

Maybe. I'm open to ideas. I know there are some very good products available in the brokerage channel. My answers aren't out of sales material though. I never read that stuff. I hate our sales material, because it's so lawyered up and vague as to be useless. I've never seen material pass compliance ...
by fiddlestyx
Mon Jan 18, 2010 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

I think the life insurance on children question would be a good subject, but better dealt with in a separate thread.
by fiddlestyx
Mon Jan 18, 2010 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

Pinnacle Point, You are confusing variable life with whole life. Your investments within the VL policy didn't pan out. If you were a better investor, then your results would have been much better. At any rate, BTID would not have saved you, because your investments would have performed poorly during...
by fiddlestyx
Mon Jan 18, 2010 11:15 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 125
Views: 50863

[misleading "information" from banned insurance agent removed by admin alex]
by fiddlestyx
Mon Jan 18, 2010 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

[ inflammatory remarks removed ] In the right circumstances, there's nothing wrong with using LI as a college accumulation vehicle on a young child. I can think of two reasons off the top of my head: self completion in the case of disability of the breadwinner, and the noncountability of assets for ...
by fiddlestyx
Mon Jan 18, 2010 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

red Very few of us have a need for permanent insurance. In the event that we don't, then BTID will almost always beat WL In other words, if there is no need for permanent insurance, then other strategies will beat permanent insurance. Oooh, there's an insight! The need for permanent insurance, thou...
by fiddlestyx
Mon Jan 18, 2010 12:21 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 125
Views: 50863

[misleading "information" from banned insurance agent removed by admin alex]
by fiddlestyx
Sun Jan 17, 2010 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

You can get a better death benefit for much less money with term life . I still don't see a crystal ball. Depending on when the insured dies, you may be able to get the same death benefit for much less money, or even have it net out for free, with a whole life policy. Depending on when the insured ...
by fiddlestyx
Sun Jan 17, 2010 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

If the point is tax-advantaged college investment, 529 plans and series I savings bonds are tools that are intended to do that job. Not if the payor is disabled. They are not intended to do so. DI insurance is not neccessarily more cost-effective. A big chunk of that depends on the insured's occupa...
by fiddlestyx
Sun Jan 17, 2010 2:19 pm
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 125
Views: 50863

Good post! I'd add that once you separate, if you are in good health, VGLI isn't necessarily a good deal. It will pay to shop around for your life insurance. You can get VGLI rates at VGLI.gov and compare them to others. [comments aimed at trying to get career service members to buy long term care i...
by fiddlestyx
Sun Jan 17, 2010 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

Re - Whole life: It's a fixed product with a lower payout on account of the expenses. Oh? You know what the payout is going to be? I guess you have a contract out on the OP's life or something? No? Then you have no idea what the payout is going to be. Furthermore, there is no such thing as a guarant...
by fiddlestyx
Sun Jan 17, 2010 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

disagree that they compare favorably to CDs. CDs are easy to understand. WL is not. That gives CDs a huge advantage right there.


[Inflammatory remark removed]

I don't think the OP is a qualified investor, in that regard.
by fiddlestyx
Sun Jan 17, 2010 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Whole life Insurance as an investment for High Income Family
Replies: 73
Views: 9921

1.) Do you need or want life insurance? 2.) What's the mix of whole life/dividend option term the NY Life rep suggested? Do you understand how that works, and why? 3.) Do you believe income tax rates will be higher in your retirement years or lower? 4.) Is the total death benefit sufficient to keep ...
by fiddlestyx
Sat Jan 16, 2010 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed annuity in place of Short Term Bonds?
Replies: 12
Views: 2385

Some single-premium hybrid life insurance/LTC policies are crediting well over 3%. Same with single-premium life insurance policies. Yeah, they're MECs by definition, but that just means they're treated like annuities, anyway.

Have you looked into anything like that?
by fiddlestyx
Sat Jan 16, 2010 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: anybody had experience with AXA Advisors aka AXA Equitable?
Replies: 53
Views: 28227

You mean just charge by the hour like other honest services? I'm not a huge fan of AXA (though the AXA agent who serviced my former employer was terrific). But this notion that anything in financial services must be charged 'by the hour' is just ridiculous. Ever bought a decent suit? Do you buy a s...
by fiddlestyx
Sat Jan 16, 2010 9:35 am
Forum: Investing - Help with Personal Investments
Topic: I want to contribute $15,000 to my Roth IRA
Replies: 31
Views: 4088

Edited to eliminate a double post.
by fiddlestyx
Sat Jan 16, 2010 9:35 am
Forum: Investing - Help with Personal Investments
Topic: I want to contribute $15,000 to my Roth IRA
Replies: 31
Views: 4088

If you want to avoid being penalized by the financial aid system for being a diligent saver, it's easy. The FAFSA folks divide all assets into two categories: Countable and noncountable. There are two kinds of countable assets: Parental and nonparental assets, or child-owned assets. The latter are w...
by fiddlestyx
Sat Jan 16, 2010 9:07 am
Forum: Investing - Help with Personal Investments
Topic: anybody had experience with AXA Advisors aka AXA Equitable?
Replies: 53
Views: 28227

You can't be an advisor and be registered with FINRA?

That's a new one.


:roll:
by fiddlestyx
Sat Jan 16, 2010 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Fixed annuity in place of Short Term Bonds?
Replies: 12
Views: 2385

Is this for a lump sum? Or are you dumping money into it on a regular basis?
by fiddlestyx
Fri Jan 15, 2010 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help Needed -- very worried
Replies: 18
Views: 2844

If you are banking 3.5k/month in SAVINGS, you might not be eligible for the full IRA contribution, because you're making more than the income limits. Look before you leap. Don't know for sure because you haven't mentioned your income - deductions yet. If you like having a nice cash cushion, and you ...