I'm approaching my mid-fifties, and want to retire in 10 years.
After meeting with an agent from Paradigm Life (www.paradigmlife.net), they introduced me and my wife to a Whole Life Insurance Policy, aka the 770 account.
I did not look at Whole Life Insurance the way they explained it-being there is liquidity, a death benefit, tax benefits, and I can leave something of significance behind to my family.
Apparently the ultra-rich have been using this strategy to pass their wealth since whole life has been invented.
For those using IRA's or Roth IRA's this could be a better option.
Retirement Income