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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76392  
Subject: Re: Dilbert's 1-page personal finance guide Date: 9/23/2013 2:50 AM
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CCinOC analyzes,

There's absolutely no hope of making progress to resolve the national debt when the government runs its business at a deficit. No matter how much the deficit declines, it's still a deficit that adds more to the national debt with (literally) each passing day.

The possible diversion of private resources is partly why Dave recommends IULs.

</snip>


What about all the "private resources" that are being diverted to the insurance company in an IUL?

The Federal Gov't taxes the dividends on an S&P500 index fund at a fairly low rate (i.e., 10% for couples with incomes below $72,500), while the S&P500 dividend in an IUL is completely confiscated by the insurance company. (They only credit you with the change in the S&P500 index and not the dividends.) That's a 100% tax rate!

intercst
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