Doesn't matter. We are talking about accumulating money for retirement, not an account that is being used as a source of funds for non-retirement expenses.You may be thinking that way but Dave isn't. He suggests replacing 401ks, IRAs and even college savings accounts with IUL. IUL avoids twisty restrictions and requirements on how much can be used, for what, by when. The IUL simply grows & spends tax free, on whatever you want, whenever you want, as little as you want, or as much as you want to the limit of what you've got. The other day he dismissed consumer risk. All those twisty restrictions and requirements put penalties on the person if they use the funds for things other than intended. I'm sure Dave only recommends to this clients that they not use their IULs for all kinds of spending even though that is the sales pitch and not one of his clients ever used up all of his/her retirement accounts for frivolous spending. But yes, Dave does suggest that the account be used for more than retirement expenses. Hopefully his clients can be disciplined and not for example overspend on college expenses and thereby not have liquidity for significant cash-demand in life elsewhere.PSU
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