401k vs IUL

[Kyle Doney]

I'm interested in opinions on Indexed Universal Life Insurance vs. 401k options. I know both can be used to invest in real estate while saving for retirement. Its tough to find unbiased opinions on theses retirement strategies. Thoughts?

[Michael Lauther]

@Kyle Doney  Universal Life title  is just what its name says it is . it is a life insurance policy that will have a costs for benefits as well as a fund to accumulate cash value. Universal life has tax benefits but it not predominantly an investment  A 401k is a type of pension that has long term tax benefits and will also have fees attached to it as well as provisions for loans. The universal life option is excellent if you need additional life insurance, if not you will be paying fees for benefits you do not need.

If your employer is offering a 401 k it often comes with a company match that makes it very attractive.

hope this gives you some useful information but If you need life insurance now you could always buy term and also make deposits into your 401k