Replying to @bayapple22 Is #lifeinsurance expensive? Well there are two answers to this question. The first answer is compared to what? Many people pay more fees in a #401k than a life insurance retirement plan. The second answer is a resounding "no." The long term costs of insurance actually decline as your cash value builds up. Overall, #cashvaluelifeinsurance designed correctly averages a 1% insurance fee. Very reasonable. Now even if that 1% insurance fee is higher than a typical index fund or mutual fund, who cares? You still yield 30% to 50% MORE #retirementincome with life insurance. That's because the stock market is good at growing your #money but terrible at producing income. Retirement is all about #cashflow. Average rates of return are meaningless and do nothing for you. You can reject all that just because it's life insurance. But that's an admission of your own prejudice and weak intellect. If the plan gives you more #taxfree income than the alternative, who cares what the plan is? #financialliteracy #wealthymindset #compoundinterest #safemoney #generationalwealth #retirementincome