Does this mean that in general, even if you have a large portfolio, you should use a portion of its…

Instead of taking the age 62 Social Security benefit of $1254 a month, start taking $1614 monthly from your retirement account. The difference of $360 monthly could be used to purchase a $200,000 Guaranteed Universal life insurance policy. Over eight years, $154,944 would have been withdrawn from your retirement account. After paying the monthly premium, you would have $1254 in monthly income.
The Two Dumbest Reasons for Taking Social Security Early
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Mel Schlesinger
Opher Ganel
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Jun 3, 2024
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Does this mean that in general, even if you have a large portfolio, you should use a portion of its return to buy a permanent life insurance policy?
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Written by Opher Ganel6.2K Followers
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Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.
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