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Serious financial question for serious finance people.
| disco fries | 01/01/25 |
| regular guy | 01/01/25 |
| Diane Rehm talking dirty | 01/01/25 |
| disco fries | 01/01/25 |
| Diane Rehm talking dirty | 01/01/25 |
Poast new message in this thread
Date: January 1st, 2025 3:06 PM Author: disco fries (his own flesh as well as all space was still a cage) My wife’s parents apparently got her one of those kid whole life policies and have been paying premiums since 1989. Policy is kind of worthless but if you surrender it you have to pay tax and a penalty on it? What would you do? Surrender it anyway? Seems strange that it would be taxable since the premium you paid was with post tax dollars so why would the very low surrender value be considered interest? Anyways, I don’t understand and just need to make a decision. If I surrender, I will just backdoor the proceeds from the whole life policy into her Roth IRA and buy VTI or VXUS. |
Date: January 1st, 2025 3:13 PM Author: regular guy regular guy here I think you should decide to not be a nigger (http://www.autoadmit.com/thread.php?thread_id=5657866&forum_id=2:#48507924) |
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Date: January 1st, 2025 3:16 PM Author: Diane Rehm talking dirty (🐿️ ) Hold in treasuries until they crash the market in mid q1. They go into vti. Or just buy a lifetime supply of Little Debbie Mini Powdered Donuts. (http://www.autoadmit.com/thread.php?thread_id=5657866&forum_id=2:#48507939) |
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Date: January 1st, 2025 3:20 PM Author: disco fries (his own flesh as well as all space was still a cage) So you think that I should just surrender and pay whatever tax is owed? I do think this is a small amount. Like $6,000-$7,000. So the tax would be maybe $1300? (http://www.autoadmit.com/thread.php?thread_id=5657866&forum_id=2:#48507953) |
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Date: January 1st, 2025 3:21 PM Author: Diane Rehm talking dirty (🐿️ ) That’s probably not enough for a lifetime supply of Little Debbie Mini Powdered Donuts. (http://www.autoadmit.com/thread.php?thread_id=5657866&forum_id=2:#48507956) |