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Old 05-14-2014, 11:40 PM   #41
Dryer sheet wannabe
Join Date: May 2014
Location: Pasadena
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Originally Posted by pb4uski View Post
While I agree with you on BTID, the rub sometimes is that people buy term and piss away the difference rather than investing it so like many things in life, it only works if you have the discipline to actually do the investing. Like it or not, one positive aspect of whole life is that it provides stealth savings for the subset of people who would not otherwise save.
I also agree with you on your view of BTID as I've experienced it personally! Working in the industry I would hear people (and friends) preach back to me that they'd rather BTID, but when I checked in on them a year or so down the road, they've only purchased term and have nothing invested! Their excuse would, "money was tight." My friend's Facebook pages for that year were filled with Vegas pictures and blowing money on things young people my age do for fun.

If you have the discipline, yes BTID will provide better returns and in the end you will be insuring yourself should anything happen. If anything though, offsetting the risk to a credible and financially strong insurance company isn't a bad idea. Who doesn't like more money for themselves and/or their family? I personally have a permanent policy that will help me subsidize my retirement account when I retire or use prior to 59.5 tax free.

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Old 05-15-2014, 12:27 AM   #42
Recycles dryer sheets
Join Date: Jan 2012
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Originally Posted by brewer12345 View Post
I am baffled that he did not try to sell you an annuity.
LOL. That would have been entertaining.

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Old 05-15-2014, 08:39 PM   #43
gone traveling
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sigh. It ain't that complicated. If only people would do some thought analyses.
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Old 05-16-2014, 06:50 AM   #44
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Location: Vermont & Sarasota, FL
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Originally Posted by LongPrime View Post
sigh. It ain't that complicated. If only people would do some thought analyses.
English is hard.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
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Old 05-16-2014, 06:57 AM   #45
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Join Date: Jun 2002
Location: Texas Hill Country
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Originally Posted by pb4uski View Post
English is are hard.

Numbers is hard.

Retired in 2005 at age 58, no pension

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