I am 31, net work around 450k and projected to grow at 100k/ year.
A life insurance agent is trying hard to rope me into a plan where I
can contribute large amounts to a relatively small policy ( ~1-1.5
million ). He mentioned something about MEC, where you can not
contribute too much to abuse the system.
Is it a good idea to use life insurance as a way to avoid estate
taxes? I have already maxed out 401k, roth IRA, and traditional IRA.
I plan to open a SEP IRA next.
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
