901: Friday Q&A: Why You Should Maximize Tax-Deferred Plans, UTMA Accounts, Dividends on Whole Life, Asset Allocation, Business, Etc.
Radical Personal Finance
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Whole Life Insurance Policies for Children Are Not a Great Cash Move
The benefit, how much benefit you can get is going to be limited by the underwriters of the company. Minimum policy size for most companies is probably something like $25,000. You would vastly outperform by putting money into your own retirement accounts and maxing those things out.
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