Money Matters
irishfemme
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Explain to me why this is a bad investment...
I am an avid Suze Orman viewer and feel pretty good about our overall financial situation. I know that Suze is very much opposed to using life insurance as a investment vehicle.
Can anyone explain to me exactly why? If I'm not planning to cash it out until retirement, why is it such a "bad" investment?
We are maxing out our other retirement accounts, so why not invest in a whole life policy?
I recently met with someone who is an insurance broker for a large company and his presentation made a lot of sense (understanding that his job is to make it sound that way).
If I'm investing, or buying, $79,000 worth of insurance and looking toward a cash surrender value of $130,000 at age 65, why not?
Thanks in advance!
Re: Explain to me why this is a bad investment...
http://www.daveramsey.com/article/the-truth-about-life-insurance/
I am by no means a DR follower, but this is t
@MrNibbles
because of all the fees, whole life and VUL insurance are supposed to be a horrible 'investment'. You are better off buying term life, and investing the rest on your own.... Like PP said.
Life insurance is not an investment. It is INSURANCE- however, think of life insurance as a tool to achieve a goal of yours. The truth is that BOTH types of insurance have their place, depending on what you want them to do for you.
I see where Su