I'm being propositioned by a Variable Universal Life Insurance companyand they're telling me along with the untaxable compounding in stocksI can also withdraw money when I'm older (it's a 'wash loan?' that supposedly counters any interest charges) tax free as well. Not to mentionthe ability to put in more than $2000/yr (i.e. IRA).This sounds too good, what's up? Anyone?(PS. My own research shows that they only deal in mutual funds within the account and they charge an awful lot for the service--> $60 annual + 2% or $25 on all withdrawals whichever is lower.... I'm still researching it. My studies have also turned me towards something called Variable Annuity...Any of this stuff useful to a 22yo?)West
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra