@clearwealthsolutions: Traditional 401(k) vs. indexed universal life insurance (IUL): What’s the difference when you need to access your money? With a traditional 401(k), withdrawals of pre-tax contributions and their growth are generally taxable. With an IUL, you may be able to borrow against the policy’s cash value. Those loans accrue interest, and an unpaid balance can reduce what your beneficiaries receive. Before you compare the two, ask: Am I looking to save for retirement, get life insurance coverage, or do both? What would you like me to break down next: 401(k) withdrawal taxes or how IUL policy loans work? #401k #IndexedUniversalLife #IUL #RetirementPlanning #LifeInsurance

urban_hippo :

So glad I came across this advice. I’ve been searching for inefficient options for my money

latino.ramsey.official :

Interesting… how much taxes are you going to pay on withdrawals?

JB - Life Insurance Education :

Woof

mr_t.brown :

Ms. Wendy🌸 :

To be honest, I think 401K is the most perfect scam, and there is a government endorsement behind it

Bo Martin :

This is just bad advice without understanding how the withdrawals are taxed.

JT :

Fuck…can I withdraw my 401k and get an IUL?

KoquitoMosquito :

shit