Originally Posted by
BobZ
just curious.....do those who think this is a good idea also believe in whole life insurance as a retirement investment plan?
I am not an expert by any means but I don’t think they correlate as equals. Last year I had a talk with my financial planner about sheltering more money from taxes. We had discussions about some ideas but there aren’t a lot for hourly employees like us. One of the things he mentioned was a cash balance plan. The company he works for has been setting them up for doctor and lawyer practices as a way to shield more money from taxes now. There were definitely some good benefits
It if it truly is an optional plan that you can put your excess DC company contributions in. I am tentatively for it. The devil is in the details.