Post Race!

[dday9]

The tipping point seem to be, will the expenses associated with the loan less than what the life insurance policy growth will be for the same amount of money.

So it's a good method if the loan interest is 4% and the policy growth is 6%.

Not necessarily. What if you take my 15 year example, but both the loan and growth are at 4% and I don't repay any of the loan? Well, the cash value the next year would be $208k (+$8k) and the loan balance would be $83,200 (+$3,200). That means that the cash value earned $4,800 more than the loan balance. Spread it out over 10 years (assuming I'm still not paying the loan) and the cash value would be $296k (+$96k) and the loan at $118.4k (+$30.4k) meaning the cash value grew $65.6k more.

[dday9]

I digress.

[dday9]

This is the post race.

[dday9]

It's not meant for real talk.

[dday9]

It's meant for going the distance.

[dday9]

It's going for speed.

[dday9]

And for Cake.

[dday9]

Shaggy's only a few dozen posts away from passing parksie

[wes4dbt]

Not necessarily. What if you take my 15 year example, but both the loan and growth are at 4% and I don't repay any of the loan? Well, the cash value the next year would be $208k (+$8k) and the loan balance would be $83,200 (+$3,200). That means that the cash value earned $4,800 more than the loan balance. Spread it out over 10 years (assuming I'm still not paying the loan) and the cash value would be $296k (+$96k) and the loan at $118.4k (+$30.4k) meaning the cash value grew $65.6k more.

Your applying the 4% over the entire $200k. My thought was don't over fund, put in $120k and $80k in savings. Then no need for a loan.

Anyway, it's not an issue I'll have to deal with. I'm way passed that stage of my life. It was just a little mental gymnastics.

I'm glad your back to increasing your post count.

[dday9]

Before I switched careers over to software development, I had my series 6 and sold securities.

I hated every minute of it. Software development is much more enjoyable to me.

[Shaggy Hiker]

Not entirely if you shift the asset.

I got bored and stopped three letters into the final word.

[Shaggy Hiker]

Should have finished the sentence.

[Shaggy Hiker]

That sure was a quick page.

[Shaggy Hiker]

Post Race!!!

[Shaggy Hiker]

Now THIS is what I expect out of Albuquerque: An afternoon of heartburn!

The food here is great, but the state moto is "red or green?" which refers to the color of chili added to EVERYTHING. I just ate a small plate of nachos that was quite literally larger than my head. Fortunately, nachos do crush down or else it would have been unworkable. The guy who served it (who may have been the chef, as he didn't appear to be a waiter) said, "aren't you glad you didn't go with the large?"

Yeah. Yeah, I was glad I didn't go with the large.

[Shaggy Hiker]

Technically, it isn't JUST red or green, as you can also order "Christmas", which would be a mix of red and green.

[Peter Porter]

Yesterday, the weather was nice, but this morning I woke up to 24 inches of snow, and been shoveling for 5 hours straight!

[dday9]

C'est frise ici.

It got down into the 20s this morning. This is by far the coldest it will be all winter.

[Shaggy Hiker]

Isn't there a song that goes like that?

"Every day I'm shoveling..."

[Shaggy Hiker]

There was snow on the ground Sunday morning. It was all gone by noon. There wasn't much to begin with.

[Shaggy Hiker]

Got so much going on, I haven't heard any news. Seems like a good thing.

[wes4dbt]

Got so much going on, I haven't heard any news. Seems like a good thing.

Your Dad???

[Shaggy Hiker]

Sort of. He had a procedure today, which was pretty minor and mostly just a nuisance.

[Shaggy Hiker]

His wife turns it into a production, though.

[Shaggy Hiker]

Just one of those things.

[wes4dbt]

Glad that's all it was. You had mentioned he wasn't doing well and that you went to NM. I imagine he is getting up there in years.

[dday9]

I live in the south because I cannot live in the cold and it is much too cold right now.

If it were the 1700s, I would died, and I have accepted that.

[Shaggy Hiker]

Glad that's all it was. You had mentioned he wasn't doing well and that you went to NM. I imagine he is getting up there in years.

He's doing fine. It's his wife who isn't doing well. I went down for a visit...it has been eye opening. He's being a 24/7 nurse, which is a bit hard on a 90+ year old.

[Shaggy Hiker]

I somewhat prefer the cold to the heat. If it is cold, I can put on more clothes. If it is hot....well, people start complaining when you take off too much.

[Shaggy Hiker]

And when you take off your skin, they REALLY get upset.

[wes4dbt]

He's doing fine. It's his wife who isn't doing well. I went down for a visit...it has been eye opening. He's being a 24/7 nurse, which is a bit hard on a 90+ year old.

90+ and still living independently, well done. My dads mom lived to be 100. But she wasn't living independently.

I somewhat prefer the cold to the heat. If it is cold, I can put on more clothes. If it is hot....well, people start complaining when you take off too much.

Cold and me don't get alone. The cold intensifies some muscular problems I have. I can now understand why old people like Florida. Also, the older I get the more time my body needs to adapt to changes in temperature.

[Shaggy Hiker]

I have a pretty good thermal mass.

[Shaggy Hiker]

I meant to be home already. Had to get a buddy to stop by and pick up my mail.

[Shaggy Hiker]

Just one of those things, I suppose.

[Shaggy Hiker]

I need to get back in time for the Super Bowl. I have a good party to go to. I also have to make a few things for that, so I need a bit of time before then.

[Shaggy Hiker]

With this post, I probably pass Parksie. I never thought that would happen.

[dday9]

Your last post passed up parksie

[Shaggy Hiker]

Yeah. Didn't think it would happen quite so fast. On the other hand, I've had a lot of time to sit and post nonsense on the Post Race.

[Shaggy Hiker]

I've been here longer than I intended, and will head home fairly soon. Then I can get back to more exercise and...well, taxes.

[wes4dbt]

I've been here longer than I intended, and will head home fairly soon. Then I can get back to more exercise and...well, taxes.

Your taxes that complex??? I use H&R Block software. Makes it pretty quick and simple. I really like how they can download the data from my Fidelity account and do all capital gain/cost basis calculations. It's worth the $40 for the ease and peace of mind.