12-17-2021, 12:45 AM
Overfunded variable universal life policy
<!-- SC_OFF --><div class="md"><p>I’m fortunate to be at the point where I’m able to max out every tax efficient account I can think of: 401k, company-provided mega back-door Roth (praying current legislation doesn’t wipe it!) and HSA(using as investment vehicle). At this point I’m considering setting up a universal life policy as my next phase for retirement/estate planning. From what I understand I need to really evaluate the fees and costs of the policy and compare potential returns to say an etf or mutual fund in a taxable brokerage account. Also ensure that it will retain its favorable tax status. Anything else I should be looking out for?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Disgruntldcapitalist"> /u/Disgruntldcapitalist </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rhgc5c/overfunded_variable_universal_life_policy/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rhgc5c/overfunded_variable_universal_life_policy/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m fortunate to be at the point where I’m able to max out every tax efficient account I can think of: 401k, company-provided mega back-door Roth (praying current legislation doesn’t wipe it!) and HSA(using as investment vehicle). At this point I’m considering setting up a universal life policy as my next phase for retirement/estate planning. From what I understand I need to really evaluate the fees and costs of the policy and compare potential returns to say an etf or mutual fund in a taxable brokerage account. Also ensure that it will retain its favorable tax status. Anything else I should be looking out for?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Disgruntldcapitalist"> /u/Disgruntldcapitalist </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rhgc5c/overfunded_variable_universal_life_policy/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rhgc5c/overfunded_variable_universal_life_policy/">[comments]</a></span>Kind Regards R