I am not wealthy and I have an IUL, you don’t need to be wealthy or pay super high premium to get an IUL. And an IUL is a better option to get in before you take risk in 401k and IRA.
@missdesireindependance5194
Жыл бұрын
What company are you with?
@TheOpinionSports
Жыл бұрын
@@missdesireindependance5194 WFG
@MamoruX
8 ай бұрын
@@missdesireindependance5194F&G
@BillyTimes-dw7vs
8 ай бұрын
I made thousands in a 401k and IUL both are components.
@TheOpinionSports
8 ай бұрын
@@missdesireindependance5194Nationwide
@ravbarring
5 ай бұрын
I wouldn’t have used the word ‘better’ at the end…. It would be ‘other’ options. Your agenda in this post seems to disparage IUL’s.
@CarsWithClassy
7 ай бұрын
I just opened an IUL and I’m not rich whatsoever. I plan to broaden my horizons
@gloomsdoom649
6 ай бұрын
The agent probably did not correctly structure it
@CarsWithClassy
6 ай бұрын
@@gloomsdoom649 haha I think I worded that a little weird. I meant to say you don’t need to be rich and wealthy to own a IUL, I own one now and I’m not rich. I plan to invest in several types of exponential growth accounts
@edgarmendoza2727
3 ай бұрын
@@gloomsdoom649that bullshit brotha that’s what they all say “ structure wrong” they just sued a company for 1.1 million for an IUL
@kkawa6533
Ай бұрын
you could have just bought spy lol
@CarsWithClassy
Ай бұрын
@@kkawa6533 spy won’t pay out $500k when I die lol
@DavidAllen-dk1ib
4 ай бұрын
Check out the cost on the policy, fees can be really high.
@MarriageKidsandMoney
4 ай бұрын
Great point!
@kealiimanner5943
4 ай бұрын
Money well spent… cash value grows for future use and the family is protected financially if the insured passes away… money in a savings account won’t grow as fast. And there are fees u less you follow certain requirements for the interest bearing accounts plus it’s taxed. Money in a CD is untouchable unless a fee for early withdrawal is paid. You can’t add more to it and it’s taxed. Money in the stocks is highly volatile. And it’s taxed….. IUL is not taxed, averaged 5% growth , you can add money at anytime, take loan at anytime, and protect your family the whole time… that’s worth the fees.
@Kentuckybrothershooting
3 ай бұрын
David Check out fees on mutual funds ,401Ks and IRAs you are paying that advisor 1.5 annually and the brokerage 1.5 annually please do some research before you spread misinformation. You will pay less than 1% in a properly fund IUL
@SDhillon831
2 ай бұрын
Not even close to as high as taxes would be in a tax deferred account…
@dtrich9059
4 ай бұрын
You Need Financial Discipline & Literacy Before Copying The Wealthy . Got It 😅
@SoundOfPage
Ай бұрын
The question is What are the better options?
@MarriageKidsandMoney
Ай бұрын
Great question! Here's Tyler Gardner's response (I've timestamped it for you): kzitem.info/news/bejne/o6GqtJd3pV-XY4Ysi=xS6OxATm9QQJ_QIu&t=1010
@jameswright44
5 ай бұрын
Yes def worth it when you have the money to pay for it…… As for structured finances, I would go 401k, then life insurance and IRA, term before IRA and IUL after the IRA .
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