No. of Recommendations: 1
It's bad enough to leave $800,000 on the table by getting an IUL instead of S&P500 B&H. But when the alternative to IUL would have you leaving $1.4M on the table? How frightened of a bit of volatility do you have to be to willingly give up a million bucks?

Be serious. I hardly think a 53% decline is a "bit" of volatility.

June 21, 2013: Goldman Sachs released a research note Friday on the recent pullback in U.S. equities. The year-to-date drawdown of 5% is "consistent with historical experience," they note. However, Goldman warns the current drawdown's lower magnitude vs. the historical median suggests at some point the S&P 500 might decline further (to the mid-1,500s) over the next six months. The firm reiterated its view that the index will close 2013 at 1,750, 10.7% higher than its level early Friday afternoon.

(The S&P500 closed at 1,697.60 today.)
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