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Union Pension too dependent on brown?
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<blockquote data-quote="Up In Smoke" data-source="post: 5237468" data-attributes="member: 79702"><p>It was our insurance agent that pointed out that we each had a whole life policy with a cash value that covered nearly half of the premiums. We cashed out the policies and invested the proceeds in a brokerage account that pays the quarterly premiums. With 5% average returns on the brokerage account, the premiums should be covered for the life of the term. Thanks to our parents and their forethought to invest in our futures. My wife and I have done the same for our kids. Major difference is our ability to fund 529s, I bonds and mutual funds for our adult children. Every Friday we see the automatic withdrawal from our checking, into theirs and then from theirs into the mutual funds. We are truly blessed to have the opportunity to aid in the financial health of our children and teach them the value of paying yourself first.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5237468, member: 79702"] It was our insurance agent that pointed out that we each had a whole life policy with a cash value that covered nearly half of the premiums. We cashed out the policies and invested the proceeds in a brokerage account that pays the quarterly premiums. With 5% average returns on the brokerage account, the premiums should be covered for the life of the term. Thanks to our parents and their forethought to invest in our futures. My wife and I have done the same for our kids. Major difference is our ability to fund 529s, I bonds and mutual funds for our adult children. Every Friday we see the automatic withdrawal from our checking, into theirs and then from theirs into the mutual funds. We are truly blessed to have the opportunity to aid in the financial health of our children and teach them the value of paying yourself first. [/QUOTE]
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Union Pension too dependent on brown?
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