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@kristhuy Thank you!!

@gracia1 Thank you, so the main one, since the surrender cost is only the same as the fees I’d be paying for the next 2 years, u think I should just cut now and run? For the s&P, that’s a good point I guess I won’t need a guarantee of 40% anyway since it’ll likely outperform the 40% average in...

@nicoleqdp Yes, I know. But it’s also the high fee that’s eaten up the gain for the last 3 years and we’ve also been very conservative in what we’ve invested. I was paying the policy fee + FA fee until recently about 2% each year for nothing, but even then, the fund has not performed well at all.

@j101814 So I actually have two plans, plan1 is $1000 contribution each month that was stated in 2020 and plan 2 is $1500 contribution that was started in 2017. Plan 2 net contribution amount is 115,000 and account value 138,000. I can close the account with 51,000 surrender value now...

@j101814 Thanks, yea for the main one the surrender cost is exactly the same as the fees I’d be paying for 2 more years until I no longer will have to pay the fees so it may make sense to leave it. I also read that bringing that money back to Japan now would mean I’d have to pay a huge capital...

@jandolphrohnson Thanks. We’ve run the numbers on excel and for the S&P, the net cost is actually less if keeping the plan, rather than canceling it but it would have to perform over 2.9% to cover the cost each year which is ridiculous and I just don’t know if I want to continue to contribute...

hi all, I need some advice from you all. We were stupid enough to open an offshore account with ITA via Japan based IFA few years back and really would like an advice on what to do. I know generally most of people here think it’s best to surrender ASAP and reinvest elsewhere but with...