Originally Posted by
PurpleToolBox
Are there any pros or cons with electing the 12 or 24 month qualifying period?
I’ve heard some say when they were junior they elected the 12 months because it was cheap. As they grew older and built up a nest egg they switched to the 24 months to save in premiums.
Any ideas? Thanks.
It all depends on how much powder you have for rainy days. One good thing is the premium for the 12 month was reduced a couple years ago to what the 24 month use to be. Due to the reduction in premium I have the 12 month as it also matches up with exhaustion of your 686 DSA bank.