I've always mentally written off my 401(k), which is now an IRA because I never wanted to depend on government sponsored pre-tax programs to survive in retirement. The same thing goes for social security. This is the reason why I've aggressively saved more than 50% of my after tax...
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Stated another way, if you take your exorbitant whole life premium, buy term insurance, and put the balance into a side fund each month (like an annuity from the same insurance company), your death benefit DOES rise, using the same money! In fact, your “cash value” is positive the FI...