Permanent Life Insurance: I am at a loss

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Kamban and pierre , to help you in "following [my] logic,"

There were about 100,000 millionaires around 1962.
There were...

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Yeah. I said the "concept of" a millionaire, not the technical definition. I thought it was implied that it meant the concept of a millionaire...

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"Millionaire" applied to uber rich people back in 1962. Uber rich people get to be uber rich by doing more with their investments than just...

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The concept of a "millionaire" goes at least back to the Beverly Hillbillies, which first aired in 1962. Assuming "millionaire" means...

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Looks like New York City’s Yankee Stadium is opening as Covid-19 vaccine hub. Capacity for 15k appointments in its first week. Good to see progress...

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Our grandchildren will laugh at us for driving an ICE car the same way we laugh at riding a steam engine train. It was useful and necessary for its purpose...

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I hear ya. Even though it is literally part of our net worth, which is assets minus liabilities, providing your own definition of net worth can be more...

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Like Dewangski1 mentioned, the time frame for your 529 withdrawals are different from the time frame of other accounts. Thus, it would seem that your...

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I liked going to a GameStop a half a block from me instead of Amazon if I needed hardware, like when we got some headphones for a friend who was stuck...

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Coincidental to the all the WSB/GME/Citadel entertainment, employees at Citadel just got approved for the vaccine as essential/front line workers. Not...

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Coincidence to this tread being revived today: I spilled a little coffee on an outdoor table when leaving a coffee shop today as I transferred my coffee...

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I have empathy for everyone gaining weight during COVID. It was hard enough for some people to get/stay in shape before COVID. Now, not only have resources...

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Good point! More literally "death for death.death-death."...

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I love it. People would never guess how much we make if they only read this thread....

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Oh man, I love McD's. At least in the sense that if I am out and about and suddenly need calories, I grab a single hamburger and that tides me over for...

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Agree with Peds and CordMcNally to buy at whatever discount will provide a profit.

Even if you are worried about the stock doing poorly,...

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I support that.


Sorry... ...

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Not too sure about shorting a market, but if there's one market that I would think everyone knows is having and going to have difficulty, it is the commercial...

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Agree.

Regarding Ms. Groner getting lucky, we have to consider monkeys typing on typewriters. Eventually one will crank out Shakespeare....

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Agree with xraygoggles and Random1. Hold for a year to minimize LTCG.

As an aside, I think odds are they will continue to improve with...

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With all due respect, what is the difference between pulling the switcheroo at the point of sale vs. paying it off on the first payment? Is it out of...

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Apparently unknown whether the current vaccines will prevent the spread.


"Pfizer chairman Albert Bourla told Dateline host Lester...

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Fun thread!

I don't consider myself a cat person, but I have a cat. Grew up with a dog and didn't really consider a pet until a stray cat...

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Oooh. A lot of answers have potential for being correct, as the question allows for any given day in January.

If it closes down >5% on...

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As mentioned earlier in this thread, one of my best friends has Cystic Fibrosis and recently had a lung transplant. If you want to learn a lot about...

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Not to mention, now that pensions from companies have all but disappeared, everyone is encouraged to rely on the market for retirement....

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I hear ya. I only read the Wikipedia entry and tried to qualify my response with "something similar," but it probably wasn't similar enough...

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Something similar happened to Pabst, apparently Guitar Center (who is dealing with potential bankruptcy now because of it), and probably others.
...

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Current book: Not a big reader lately, as I read too much legal stuff. Was previously reading and got halfway through each of Atlas Shrugged, The Bogleheads'...

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+1 to 30

Financially, it is likely that investing the difference will result in more $ saved/accumulated for yourself over the long haul....

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+1 to rebalancing with new contributions.

Otherwise, I would do it on my ex-wife's deceased cat's mother's owner's sister's date of the first...

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I found something similar with Better.com. Great rates.

One thing to note is some of these websites disclose they will offload your mortgage...

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Great advice from the OP.

I am in a similar circumstance, albeit with smaller amounts. However, I'm luckier in that one of my largest clients...

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Awww... C'mon guys. I want instant gratification. Click now read now!



Ha! Indeed. Watching both big and little expenses...

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Awwww... Paywall. Requires a NY Times subscription if you have reached your article limit. Sounds like it would have been an interesting read....

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Agree with the above comments.

Opportunity cost: What is your time worth? Is the amount you make and the enjoyment you get worth the time...

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Interesting comments about looking at price. We get to the FI we want by looking at price and we stay there by looking at price. It is a lifestyle for...

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No.

Generally, your emergency fund should be saved somewhere that has almost zero risk, like an online high yield savings account. Taxable...

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You can also consider an independent agent who shops around for you every time you go up for renewal.

(At least in my case, I'm "stuck"...

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I concur.

DISCLAIMER: This is not legal advice. I am a patent attorney who has very little knowledge of trusts, probably less than you. Not...

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True tale of two brothers who received a small stock inheritance in the form of a trust fund. Brother One had multiple degrees and Brother Two did not...

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Sounds like you are pretty comfortable with the procedure. I almost always get nitrous. Part because it is fun! The other part because I have dentist...

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Good options with streaming news website or streaming news app on smart TV.

You don't have OTA (Over The Air)? No antenna? Live in the mountains...

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A lot of voters often ask themselves if they are better off now than they were four years ago. If they feel they are not, they will vote for change....

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Your reasons for getting the piano are great. Especially because you have the space and already have a piano and piano players.

My biggest...

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That makes sense. If you need the money within 3 years, investing in the market is not the best idea. Better off investing in something more stable for...

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That's a fun strategy for some of us with unsteady cash flow.

I am in a similar boat in that my billings vary per month depending on the...

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Why would we want that anyways? We have Cord McNally's privileged and confidential Investment Flowsheet....

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That Vogmask is a great suggestion. I ordered a couple and suggested them to the rest of my family. Thanks Hatton !



Good tips,...

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Isn't it grand to have to choose between two good options?

1. Pay off mortgage. Debt free. Peace of mind.
2. Invest instead. Higher...

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IMHO, that is one of the more insightful answers I read, at least in that it was straightforward, fact-based, and with minimal judgement. It will help...

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Thanks for the input. Their information must be flawed. Not sure about their motives behind their anecdotes.

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A bunch of y'all have mentioned mortality rates, but how accurate are the numbers?

I was talking with one of my partners and he mentioned...

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Aside from all the other good reasons listed by everyone else, that has always been a favorite of mine. Warren apparently said he’s instructed the trustee...

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Good stuff!

Got introduced to PiL with the "Album" right before "Happy?" thanks to Steve Vai playing on it. ...

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Hope they help.

In a band... It's been a while. Played guitar in various cover bands. The last one was a 90's cover band called "The...

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Studio recording is hobby of mine. You did a great job researching, as Blue has a very good reputation for those types of mics.

A little...

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I like reading about motivation. Here's a summary of some of the recent hippie-dippie stuff I've read:

Purpose and praise provides better...

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How is the Yeti for background noise from your experience? It is a condenser microphone that is more sensitive than dynamic microphones.

...

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These responses are fascinating. I especially loved the ones from Random1 and Eye3md .

I view it as a general courtesy and respect for...

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This thread is amusing. I am also susceptible to following peaks and valleys.

That being said, the current valuation should be a non-issue...

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+1...

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That's good to know. At least in that it is a good warning that I might not get excluded. Also, I would find being on a jury fascinating, especially...

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Same here.

The blessing of being an attorney is that you always get excluded. Neither party wants an attorney on the jury because they think...

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Sign me up, please. My Rammstein concert was postponed. ...

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FWIW, I know a super lazy HS classmate who made money a few years had nice toys and now, at 50 years old, is back in the same room with his parents he...

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Chase. My business accounts are with them and I'm in the private client group, so going through them is the easiest. Other mortgage companies may (or...

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Unfortunately, the last 5 months reinforced a habit I have of buying dips, which is a form of market timing.




...

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Anne I hear ya. I think most of those divorce comments are tongue in cheek and are more about being supportive and keeping your spouse happy. Very happy...

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GasFIRE not to sure about the aspects of variable annuities, but I'll bring it up.

billy She's pretty cool, so hopefully divorce isn't...

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Y'all are great with your helpful and amusing comments.

Yeah Lithium, ideally I figure out a way to just say no, as I do not understand the...

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Yes. That is a part time job of hers.

EDIT: Something like World Financial Group/Transamerica. I can't comment on the merits in case she...

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I keep getting asked to buy permanent life insurance. The big selling point is that it does better than taxable because of the tax advantage. Every argument...

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A quick Google search seems to support 4 times in the first year. Reconciling things, the 4 times seems more relevant to new strings. I don't know how...

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This.

And not necessarily for litigation purposes. Just to figure out under what circumstances you may be allowed to access the beach....

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I've got to keep that in mind. All my furniture is either budget, hand me downs, or old. Aside from mattresses, the only new furniture I ever bought was...

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Regarding the flexibility of lower payments on the 30 year mortgage, if you can make decent additional payments on the 15 for a while and something unexpected...

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Yeah. If you work out, gym equipment is especially useful right now with all the gyms closed.

Favorite gym equipment: PowerBlocks! Perfectly...

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There are some good points about the function of a fridge is to keep things cold and paying 10x more will not keep anything colder. Other good points...

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Agree. By definition a house is an asset.

Definition of asset
1 assets plural
a: the property of a deceased person subject...

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If I may, I'll respectfully disagree, but still agree in principle.

People do not have to be religious to understand charity that ignores...

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Voted. Would have been in the next category if extra principal payments counted.

I understand, but don't necessarily agree with, excluding...

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Sorry to hear you got Lyme disease Lordosis . Glad to know its not COVID-19 (at least I think that's a minor silver lining given that you won't infect...

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Good observation. The balance username came first from an investing and life perspective. I had thought about the scale of justice as an avatar and...

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Argh. Caught me in a bad year. I usually drive my vehicles for at least 10 years, but my wife's 2003 BMW was dying and she always wanted a Jeep Wrangler...

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Ah emotions... Gotta love them.

Like hightower mentioned, student loans follow you wherever you go. The only way to get rid of them is by...

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Aside from everything else, congrats on expecting! Hope everything goes smoothly....

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Which retirement accounts to max out?

All.

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Indeed unemployment rate is hard to dismiss. The caveat is at least some of the unemployed are temporarily unemployed and will get their jobs back quickly...

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How is your house heated. Natural gas?

If your house is heated with natural gas, the generator uses the natural gas lines, and your concern...

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"We refer to the gradual investment of a large sum as a systematic implementation plan or systematic investment plan. Industry practice is to refer...

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Here's a resource I got from my state bar for solo firms:
https://myshingle.com/

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Stocks are going on sale again.

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I'm a patent attorney (nerd lawyer) and opened a practice a year ago with a colleague. The type of law and previous experience of the attorney can play...

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Not that I speculate on stocks, but those two aspects give me pause.

1. Nikola: Piggybacking on the Tesla name. Followers instead of leaders....

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Yes.



Catch up on some festering work, fix some stuff around the house, spend more time with my wife, practice a musical instrument,...

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Vegan leather. ...

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A little off topic, but I've got the private client perk due to a 401k rolled over to an IRA at Chase (need $250k at Chase to get the perk). Nice to have...

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Agree about the issues with sharing common walls.

We are in a condo/townhouse with one common wall in a HCOL area. A little unique because...

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1. Do not know your income, but I bought a similarly priced condo in a relatively HCOL living area, opted for 30 year, and am both investing the difference...