No. of Recommendations: 27
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!

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