Roth IRA on steroids

May 11, 2019

  1. pfg1
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    pfg1 Guru

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    The problem is NOBODY knows where the market will go, short, medium, or long term. There has been way more folks wrong over time than right. Be invested, diversify, rebalance, and plan with other money according to your needs, wants, desires, and time horizon. The guys in these articles can just as easily be wrong or they might be right, or somewhere in between.
     
    pfg1, May 15, 2019
    #31
  2. pfg1
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    pfg1 Guru

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    Again, forecasting is a fools game.
     
    pfg1, May 15, 2019
    #32
  3. pfg1
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    See what the cash value gain year over year is at this point. My guess he's easily in the positive with each payment... or should be. If he's putting in $8k and getting $8k, 9k, 10k or more growth on the CV plus growing death benefit, that's a pretty good thing. Obviously there is more to it (looking at his whole situation and what he needs/wants) but you know where I'm coming from.
    :)
     
    pfg1, May 15, 2019
    #33
  4. Golfnut2112
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    The cash value went up a lot. In 2018 the CV was 83,739 and in 2019 it's 92,860 the death benefit is $450,000
     
  5. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    Dont forget to account for the premium in that increase.
     
  6. Golfnut2112
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    Your right he paid 8,196 in premium
     
  7. Golfnut2112
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    I wasn’t forecasting just providing actual returns from previous years
     
  8. Golfnut2112
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    Golfnut2112 Guru

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    Last edited: May 15, 2019
  9. pfg1
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    Right, I wasn't saying you were...

    The articles ALWAYS forecast. Heck, the whole industry is built upon forecasting. Its a dangerous thing.
     
    pfg1, May 15, 2019
    #39
  10. pfg1
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    The good thing is at least he's got a solid policy that is now efficient and will grow substantially over time. Assuming he has the money to fund investments, obviously he should and likely heavier to make up some lost ground.
     
    pfg1, May 15, 2019
    #40
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