Quote:
Originally Posted by Z22Z
you can take out up to 90% of what you have saved up in the EIUL at a time. what they do is call it a loan, charge you a small percentage, and then refund almost all of that percentage at the end of the year. since it's a loan, it can't be taxed. also, unless you have three to six month's worth of income already saved up in your EIUL, i'd suggest you have some money in your savings if you loose your job.
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I need to check on my EIUL account. I started it almost 2 years ago. I only contribute 200 bucks a month to it.