For every one person I see who is maximizing the tax benefits, I see 10 other folks who could do a lot better by purchasing term insurance and investing the difference. Read Full Article.
In Kiplinger's, Scott Hanson answers the question: I’ve maxed out my savings with my Thrift Savings Plan and my Roth IRA. A financial adviser has suggested I invest in an equity-indexed universal life insurance plan because of the great tax benefits (I don’t have many other tax options that are favorable for me). I’ve got 35 years with the government and will retire in another five years or so. What do you think? Read more.