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@888_apologetics It’s calculated as an estimate at 8.9% from the average past 20 years. The floor is 0%. Not sure there are any specified bonuses though. I understand it’s index fund on S&P500, don’t know if it’s mutual or stock. I dont understand the difference. Although I asked my agent...

@superdan I have a Roth 401K, almost maxed out. What is a mega backdoor roth option?

@mykell I am not familiar with this option, will need to get some education on it first. Thanks for the advice.

@mykell To your first question yes, looking at it as an accumulation vehicle. Maxed out my roth 401K. I agree, I am also not 100% bought because of the lack of flexibility. I also have long term index funds (such as ETF’s), but I don’t know if there is a way to cut the taxes down other than...

@tabinek Aren’t the snapshots above not the illustration, sorry I am not well versed as I’d like.

@mahyrah Oh, that's an eye opener. Thanks for clarifying. That sounds like a Ponzi, but I could be wrong.

@mahyrah The agent advised me that 10% is typical but there is no clause on how much it could change. He advised me that he has seen it rise.

@mahyrah Great point, I will ask the agent if the cap is fixed is variable. If it does go down then it’s a big no for me.

Hey everyone, I was offered this IUL offer (following S&P500) from a reputable Insurance company. My main driver is a long-term investment (10 years+), this is capped at a 10% gain and has protection from market downs. I asked for the options to contribute $500/month and $1000/month, below is...