On 21 May 2004 15:00:27 GMT, franksplace2[at]email.com (FranksPlace2)
wrote:

- quote -

Amen to both of those points. You also should occasionally revisit
your emergency reserve to keep it adequately funded.

Other possibilities include systematic deposits to a dedicated account
for your next car(s) and your next family vacation. Plus, if you know
you want another child, I'd go ahead and get used to what that means
by doubling up on the 529 set asides.




-HW "Skip" Weldon
Columbia, SC

perimaxperimax[at]siliconinvestor.com (Perry) wrote in message news:<347853ba.0405201843.4dd01479[at]posting.google.com> ...

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1) Max out on tax defered vehicles such as 401k, IRA, College plans,
etc. It looks like you are already doing this.

2) Invest in "tax efficent" equities such as index funds or
buy-and-hold blue chip individual stocks. The idea is that the
dividends and capital gains will not generate a large current tax
liability.

3) I think # 2 will be more efficient than VUL insurance or annuities
where you are asking another to entity hold your money.

Frank

"Perry" <perimaxperimax[at]siliconinvestor.com> wrote in message news:347853ba.0405201843.4dd01479[at]posting.google.com...
- quote -


Although I do NOT hold myself out to be a Financial Planner,
I do have some questions & possible suggestion.

a) YOUR independent Term Policy, for what PERIOD of term??
b) The 300K of company Term, is it Group Term, individual term
Annual Renewable term, who & how is the contract, carrier
and face value determined.
c) when you have that next child, will your wife go back to work for
the next 30 years. Will the "work" term really be available to her
for the next 30 years
d) Is there ANY conceivable possibility that you might leave the company,
OR that the company might LEAVE you????????
e) do you have ANY intention at all of "converting" either term policy
to some form of permanent policy in the future?

I do believe that you financial advisor might be on the right track. I believe that you should give some consideration to either conversion of some or all of YOUR term to some form of permanent policy,A.S.A.P., OR possibly buying a NEW permanent policy.
Cal Lester CLU

I have some questions for planning professionals. I have a financial
planner that seems more interested in selling insurance and I really
want some second opinions. Here's my situation:

Married for life
1 child, 1 more in a couple years
I am 30 and wife is 31 years old
10k car and 15k car paid off (current realistic value)
30k boat paid off
125k outstanding mortgage on $185k appraised home (5.625 fixed, 12
year, 9 years remaining)
529 plan, 250$ / mo for child 1
300k term life on me, independent policy
300k term from work on me
360k term from work on wife
12k in mutual funds and common stock
120k in 401k's, currently both maxed at 13500 / yr
both work for company that offers retirement plan, very good for
todays
standards, but no gaurantees that we will work there long enough to
count on it. We definately plan to stay long enough, but don't count
on it.

We have some extra cash that we want to invest, about 45k right now,
and have extra money each month that we want to invest above and
beyond our 401k's. Our retirement goal is 55 years old w/ the
equivelent of 160k/yr in todays dollars. We planned on taking a early
planned withdrawel from 401k (5 years early, but equal payments for 10
years) (is this ok?), We have about 1000$ or so extra per month to
invest if needed.

Any ideas on what to do w/ our cash and are we invested properly and
saving enough? What should we be investing in after the 401k? I know
what my current planner says, but not sure about his advise. Please
help.

BT