Comments on: Life Insurance and Annuities may be Right for Retirement Despite Money Magazine http://www.myjourneytomillions.com/articles/life-insurance-and-annuities-may-be-right-for-retirement-despite-money-magazine/ Elite Personal Finance and Estate Planning Information for Everyone Tue, 16 Mar 2010 00:05:40 +0000 hourly 1 By: My Journey http://www.myjourneytomillions.com/articles/life-insurance-and-annuities-may-be-right-for-retirement-despite-money-magazine/comment-page-1/#comment-793 My Journey Thu, 19 Feb 2009 16:01:28 +0000 http://www.myjourneytomillions.com/?p=455#comment-793 TML, Another thing you can do with the Cash Value (depending on circumstances) is borrow against it. This way you let the dividends pay back the loan to a certain extent and you enjoy even more of the the money tax free! This MAY cause the policy to collapose so you have to be really careful. TML,

Another thing you can do with the Cash Value (depending on circumstances) is borrow against it. This way you let the dividends pay back the loan to a certain extent and you enjoy even more of the the money tax free! This MAY cause the policy to collapose so you have to be really careful.

]]> By: Mr. ToughMoneyLove http://www.myjourneytomillions.com/articles/life-insurance-and-annuities-may-be-right-for-retirement-despite-money-magazine/comment-page-1/#comment-792 Mr. ToughMoneyLove Thu, 19 Feb 2009 15:18:56 +0000 http://www.myjourneytomillions.com/?p=455#comment-792 Great analysis here. As you say, there are exceptions to most every rule of personal finance. I actually have some cash value life insurance that I have had for years and intend to use in retirement when I need some tax free income (e.g. return of premium). I'm not a fan of equity indexed products but a fixed annuity is on my agenda to consider. Keep this good stuff coming. And thanks for the mention. <abbr><em>Mr. ToughMoneyLove’s last blog post..<a href="http://feedproxy.google.com/~r/Toughmoneylove/~3/2ijZKMRzjqM/" rel="nofollow">My Life as a Volunteer Tax Preparer - Week 3</a></abbr></em> Great analysis here. As you say, there are exceptions to most every rule of personal finance. I actually have some cash value life insurance that I have had for years and intend to use in retirement when I need some tax free income (e.g. return of premium). I’m not a fan of equity indexed products but a fixed annuity is on my agenda to consider. Keep this good stuff coming.

And thanks for the mention.

Mr. ToughMoneyLove’s last blog post..My Life as a Volunteer Tax Preparer – Week 3

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