Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Ringling Bros Insurance

August 30, 1999February 13, 2017

Jason Dickers: “Does whole life insurance ever make sense for someone in their mid-twenties who has a well-paying job, lots of insurance through work, and enough discipline to make automatic monthly contributions to 401(k) and Roth IRA accounts?”

No.

“My insurance agent is trying to sell me on a policy which earns 6% a year, but charges 5% a year in maintenance fees! Am I missing something here or is that a deal for only a true bozo?”

I see an old yellow VW beetle driving by with 27 purchasers of this policy all packed into it. How on Earth do they all manage to fit in that little car?

Jack Tuttle: “Your point about keeping higher yielding interest bearing investments in an IRA, and low yielding stocks outside the IRA is well-taken as regards taxes. But don’t overlook the fact that often the non-IRA is a shorter term investment, in which case, the reverse may be desired. Put the riskier stocks in the IRA where it will weather the market over time, and keep the safer interest bearing investments outside the IRA, if you might need it for a remodel or college. Wouldn’t this often be the wise course?”

I was assuming two long-term accounts. Stocks are never a good idea for short-term accounts. Money you might need in the next few years should not be in the stock market. So in that sense, you’re right.

Post navigation

← Youropoly
Her Mutual Wants to Demutualize →

Quote of the Day

"The road to success is always under construction."

Winston Churchill

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • A Quick Primer On Stablecoins

    July 18, 2025
  • Putting Women Back Where They Belong; Voting At 16

    July 18, 2025
  • What The CIA Has Concluded

    July 16, 2025
  • "Inigo Montoya" On Netanyahu

    July 16, 2025
  • Carl's View

    July 15, 2025
  • Jesus! A (Surprisingly) Revealing Conversation With DNC Chair Ken Martin

    July 14, 2025
  • Two Things You Can Never Be

    July 11, 2025
  • Anyone? Anyone?

    July 11, 2025
  • "PAPERS PLEASE" -- Trump's Very Own Gigantic Police Force

    July 9, 2025
  • 5 Links And A Joke Walk Into A Bar

    July 8, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams