Yeah! Glad you are protected by your 401K
I hope you get it.
You fell for the fear, doom, and gloom so you better buy life insurance ploy. We aren’t allowed to talk about what happens when you borrow from the policy at 6% interest and the market returns less than 6% that year.
Life insurance? I don’t need anymore Life insurance. No kids, and quite frankly, if I bite it, wifey should have way enough. Come on, she would get my Honda Crx, remember???
Why explain to idiots if they don’t understand that the policy I showed is “flexible”. I’ve never seen in my life so much ignorance with allegedly smart people. I explained over and over about how interests are given or charged, but nooo! A dummy guy kept saying that the loans are charged 6% on the next month and compounds with the next month when the idiot read it is a simple interest monthly charge.
I had an idiot saying “oh, but how about 6% over and over” when the dumb read that it is an % charged on money you loan, which again, as flexible as this policy is, you can contribute less that your COI, and if the market goes so bad as in 2008-2009 “YOU DON’T LOAN MONEY THAT YOU NEVER CONTRIBUTED SO YOU DON’T GET THE 6% CHARGED”
Of course, I double my money when the idiot couldn’t make me a spread chit showing compound interests on a number I provided. The dummy came back with a 2+2=4 tabulation.
Then, why do I need to tell him the internal % charged to loans is 4.2%?
And, that the idiot doesn’t know the difference between compound interests and simple interests.
But he is good with spread chit!
Oh…he is been hurt since I left him and his cohorts with their medal of ignorance pinned to their chest.
You don’t even know what you’re arguing. Lol.