What's ridiculous is to portray this as taxation of Michael Jackson. It is not. He is dead. But the estate- and the people in line to receive it -have in fact benefited substantially, through...
I disagree that "buy term and invest the difference" was ever "popular belief". And let's talk about IRR while we're at it.
Nothing new. You should read the pioneer and master of this approach, Steve Lewit in "The Selling Chronicles".
"Many fixed-interest deferred annuities let policyholders withdraw 10% of their principal each year tax-free."
Huh? I think he means "penalty free". The annuity company doesn't determine...