Re: VUL vs Roth

[Butch]

First, thanks for this great information. This is absolutely the
information I was looking for. Awesome.

My assets? Not much. Some company stock through an EPP and options
with last employer. But stock price tanked so I would lose mucho money
on the EPP shares, and not make anything on the options. 401k I'm
rolling over into an IRA from last employer. I just paid off my truck,
not much of an asset, but its all mine.

I'm in the biotech field, make 50K working in a lab. I have a
molecular biology degree. Working on a second degree in programming.
Hopefully the combination will result in higher salaries in the
future.

I agree that I do not have a need for insurance yet. In the future of
course. So why would I want the VUL? I like the recommendation to use
a VUL after exhausting all other avenues. Thanks for this tip.

Student loan I'm not worried about, but credit card debt I am. I have
the opportunity to pay almost most off it off by March 2004. Sooner if
I add in that $300 for the VUL.

Some interesting information about the advisor that was selling me on
the VUL idea. He actually is one of the insurance companies reps for
this region. No wonder he made a hard pitch.

So I think I will concentrate on getting rid of the credit card debt,
then opening a Roth AND a house fund. Although I probably won't buy
here in Southern California. The prices are laughable. A couple just
bought a 1000 sq ft house for $583,000 near the beach. Suckers.

Thanks everyone.

[Butch]

First, thanks for this great information. This is absolutely the
information I was looking for. Awesome.

My assets? Not much. Some company stock through an EPP and options
with last employer. But stock price tanked so I would lose mucho money
on the EPP shares, and not make anything on the options. 401k I'm
rolling over into an IRA from last employer. I just paid off my truck,
not much of an asset, but its all mine.

I'm in the biotech field, make 50K working in a lab. I have a
molecular biology degree. Working on a second degree in programming.
Hopefully the combination will result in higher salaries in the
future.

I agree that I do not have a need for insurance yet. In the future of
course. So why would I want the VUL? I like the recommendation to use
a VUL after exhausting all other avenues. Thanks for this tip.

Student loan I'm not worried about, but credit card debt I am. I have
the opportunity to pay almost most off it off by March 2004. Sooner if
I add in that $300 for the VUL.

Some interesting information about the advisor that was selling me on
the VUL idea. He actually is one of the insurance companies reps for
this region. No wonder he made a hard pitch.

So I think I will concentrate on getting rid of the credit card debt,
then opening a Roth AND a house fund. Although I probably won't buy
here in Southern California. The prices are laughable. A couple just
bought a 1000 sq ft house for $583,000 near the beach. Suckers.

Thanks everyone.

[Butch]

First, thanks for this great information. This is absolutely the
information I was looking for. Awesome.

My assets? Not much. Some company stock through an EPP and options
with last employer. But stock price tanked so I would lose mucho money
on the EPP shares, and not make anything on the options. 401k I'm
rolling over into an IRA from last employer. I just paid off my truck,
not much of an asset, but its all mine.

I'm in the biotech field, make 50K working in a lab. I have a
molecular biology degree. Working on a second degree in programming.
Hopefully the combination will result in higher salaries in the
future.

I agree that I do not have a need for insurance yet. In the future of
course. So why would I want the VUL? I like the recommendation to use
a VUL after exhausting all other avenues. Thanks for this tip.

Student loan I'm not worried about, but credit card debt I am. I have
the opportunity to pay almost most off it off by March 2004. Sooner if
I add in that $300 for the VUL.

Some interesting information about the advisor that was selling me on
the VUL idea. He actually is one of the insurance companies reps for
this region. No wonder he made a hard pitch.

So I think I will concentrate on getting rid of the credit card debt,
then opening a Roth AND a house fund. Although I probably won't buy
here in Southern California. The prices are laughable. A couple just
bought a 1000 sq ft house for $583,000 near the beach. Suckers.

Thanks everyone.