Don’t fall for the comparison trap
I began thinking lately about the comparisons we women make with other women. We compare our social media posts, homes, cars, children, husbands, careers, body types — the list goes on.
I began thinking lately about the comparisons we women make with other women. We compare our social media posts, homes, cars, children, husbands, careers, body types — the list goes on.
What if you could use the magic of compound interest for decades (i.e., a child policy), yet never pay taxes above basis because you take distributions as a loan?
It is not deemed as income, is not subject to required minimum distributions, and will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
