Why I’m Dumping My IRA for an Index Universal Life Insurance Policy

I’m doing it! I’m making a drastic change to my retirement plan. I know it sounds crazy, but I’m going to take the early withdrawal penalty and the tax hit, all to move my retirement money from my IRA to an index life insurance policy (IUL).

I love setting aside money and playing in the stock market. In the past, I would spend hours pouring over stock reports and researching my investment options. To me it was fun — yes I really am that much of a dork.