25(m) with a average gross income 70k annually. Recently I have gotten approved/singed the contract for life insurance and decided to open a LIRP. My reasoning for opening the LIRP and not a ROTH is due to my projected further earning that would max the cap for the ROTH. Additionally my company doesn't match 401k so I did not opt for it, either.
Can someone breakdown exactly how the LIRP compounds the premium and Net Tax I deposit into in per month ($400 for about 1 year). Also is this actually a viable way to gain a solid IRR, or am I dumping money into a life insurance with sub-par returns.
Submitted March 16, 2017 at 01:16AM by Ducksquack1982 http://ift.tt/2mvw2nG
