No. of Recommendations: 2
Dwdonhoff warns,

If a proposed strategy is vulnerable to that without sufficient reserves, its not a serious retirement plan. Maybe a fun gambling plan, but not 'retirement.'


Sure it is. There's risk (and opportunity) in everything. If an unexpected emergency requires you to draw down your retirement funds, it just means you'll have to work a few years longer to make it up (or wait for the market to recover.)

If I'm investing without the drag of IUL fees & costs, I'll have more money to meet whatever challenges appear. Over a 60 year investing horizon (e.g., start saving for retirement at age 30, die at 90), adding a 0.50% fee takes 24% of your wealth, adding a 1% fee takes 43% of your wealth and a 2% fee takes 68% of your wealth.

Is it any wonder that at age 57 I've been retired for 19 years and I'm living comfortably on the money I'm not paying a financial advisor?

Not really, it's just keeping almost all of your compounded investment returns.

(Note: If anyone wants to run their own numbers on how much fees are costing them in wealth, there's an online Excel spreadsheet at this link: )

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