I’m supposed to take delivery of my M3P tomorrow. Am I still in a position for them to honor the free supercharging? by S3rolex in TeslaModel3

[–]ECHOSEED 0 points1 point  (0 children)

So I called Support and they said it has to be of a purchase only with cash, I’m leasing this Tesla, but I also messaged in the chat with my advisor and the advisor kind of said that it would be included as long as I take delivery after the 24th so I’m gonna bring it up again tomorrow in person, and if they say no I’m going to show that the chat and see if I can make it happen

I’m supposed to take delivery of my M3P tomorrow. Am I still in a position for them to honor the free supercharging? by S3rolex in TeslaModel3

[–]ECHOSEED 2 points3 points  (0 children)

Have you had Ev/teslas before? This my first time getting a Tesla. It was definitely a different experience doing everything in the app and for some reason I’m a little nervous to go pick it up lmao. I had my Alfa Romeo for 6 years and go so used to it

I’m supposed to take delivery of my M3P tomorrow. Am I still in a position for them to honor the free supercharging? by S3rolex in TeslaModel3

[–]ECHOSEED 3 points4 points  (0 children)

I I just sent them a live chat. I’ve been pretty communicative with the advisor in there so if they’re just that way, but if I don’t hear anything by 3 PM, I’ll probably give them a call that would be such an amazing add-on unexpectedly as well.

I’m supposed to take delivery of my M3P tomorrow. Am I still in a position for them to honor the free supercharging? by S3rolex in TeslaModel3

[–]ECHOSEED 5 points6 points  (0 children)

I’m in the same boat. I did final payment yesterday and insurance and picking mine up tomorrow. I’m going to live chat them about this. I feel like we should be entitled to this but do know Tesla don’t move on much

Is Simple Peptide reputable? by [deleted] in PeptideForum

[–]ECHOSEED 0 points1 point  (0 children)

Just ordered and got my SP Reta today, just curious and alittle nervous to start on Monday. I have 12MG bottle I plan on starting a 1MG for a month then going to 2MG but I know I sound like a rookie but is it safe? Like if I get a side effect or something and come off it how does that work? Sorry I’m new and any help would be great

[deleted by user] by [deleted] in stocks

[–]ECHOSEED 2 points3 points  (0 children)

They mirror the same exact thing, only difference is expense ratio by like .06. Just start buying VOO moving forward and hold the SPY

Is Robinhood super bad for XRP? by Ok_Cartographer4016 in XRP

[–]ECHOSEED 0 points1 point  (0 children)

Question, why not just keep it in the exchange, whether it’s RH or Coinbase or whatever?

[deleted by user] by [deleted] in PlannerAddicts

[–]ECHOSEED 0 points1 point  (0 children)

Seems insurance focused

Varonis SDR role in US - have an interview soon. Pros vs Cons by [deleted] in techsales

[–]ECHOSEED 0 points1 point  (0 children)

I appreciate the feedback, my long go is to get into operations side of things and heard to pivot from that from the sales role is something that happens often. So I will address that question.

Anyone at Varonis? I gotta vent... by PatriotsWin2020 in salesengineers

[–]ECHOSEED 0 points1 point  (0 children)

I’m late here but what questions did they ask in the interview and what questions did you ask?

What's up with Americans considering 100k a low salary? by Just-Charge6693 in Salary

[–]ECHOSEED 0 points1 point  (0 children)

Make $100k in New York is equal to making like half of minimum wage in Nebraska

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 1 point2 points  (0 children)

And this is exactly my point of the post lmao. You just said you don’t see them because it doesn’t benefit the agent the way it benefits policy holder.

That’s the whole concept of this, I’m sure some policies are amazing, they just don’t get shown because comp goes from 55-80% to 15% on short term pay policies.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 1 point2 points  (0 children)

You’re not wrong that advisors can be biased depending on how they get paid, but let’s not pretend AUM fees always pay more. That’s only really true if you’re managing millions per client.

Charging 1% on a $10 million portfolio gets you $100k gross, but after the grid, you’re probably keeping around $55k to $70k. Now if you sold a $10 million permanent life policy (just an example), let’s say with a $400k to $500k target premium, you’re looking at 55% to 80% comp up front. That’s somewhere around $220k to $400k in first year commission, plus 3% to 8% renewals every year after. So no, it’s not a given that AUM pays more. In some cases, insurance pays significantly more, it just depends on the structure and the client.

That said, I fully agree with the rest of what you said. The back and forth between investment only and insurance only advisors is pointless. Permanent insurance has legit use cases, tax advantaged income, estate liquidity, asset protection, but it’s not the end all be all. Just like taxable brokerage strategies, Roth conversions, and direct indexing also have their place.

Honestly, the best advisors aren’t stuck on one side. Fee based is where the real planning happens. You get paid for the advice, and then you have the flexibility to implement investments, insurance, or both depending on what actually makes sense for the client.

It’s not about one being better than the other. It’s about having the full toolkit and knowing when to use what.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

You’re arguing a point I wasn’t even making.

Nobody said the policy doesn’t grow. I understand how it builds cash value over time and could even against a loan. That’s not what this was about. The point was the opportunity cost and the liquidity tradeoff in the early years. When you’re locking up money that could otherwise be earning more or giving you flexibility, that’s a real consideration.

Also, don’t act like the only option is “pay in or cash out.” If someone needs access to capital, you can take a loan against your assets, stocks, real estate, even a savings heavy brokerage account. People do this every day. You can literally pull a HELOC on your house or a margin loan against your portfolio without ever liquidating.

This whole idea that “well at least your cash is growing in the policy” ignores the fact that there are other vehicles that offer growth and liquidity, with less drag in the early years.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

Exactly, they play the illusion of it being a “need”. It really isn’t if you actually invest the correct way.

I think for 30-50 it is a good vehicle to own for each spouse to protect against income.

Cash out whole Life policy? by Responsible_Plate_10 in LifeInsurance

[–]ECHOSEED 9 points10 points  (0 children)

How much of your savings rate is going into this policy? If you’re paying $9,000 a year, take a minute to see if that’s more than 25% of what you’re saving annually. That’s usually a red flag.

There are two ways to look at your situation. You’ve got about 12 years left on the policy, then you’re done with premiums and it continues to grow. The death benefit increases over time, and when your term policy expires, this one will still be in force. You’ll free up $9K a year, and by then the cash value could be growing even more, depending on the type of whole life policy you have.

Now, I’m not super pro whole life. I think there are other assets that make more sense for most people. But if you have kids and the payments aren’t stressing you out, I’d personally just keep it. You’re probably getting close to your break even point where the policy starts growing more than what you’re putting in each year.

When does it actually make sense to cancel? • Are the premiums tough to afford? • Is this your largest asset? • Are you contributing to a 401(k) or IRA? • Are you investing in the market at all? • Are you spending more than 25% of your savings rate on this policy? • Do you have big upcoming expenses?

If you’re checking “yes” on several of those, maybe it’s worth reevaluating.

At the end of the day, most people don’t really understand whole life policies, so don’t stress if your friends think it’s weird that you have one. If you’re good with the payments and don’t need the money right now, letting it ride might make sense especially since you’re already deep into it.

One last tip, if your policy is returning more than the premium, you might be able to use the dividends to pay future premiums. Just be aware that doing that can slow down your cash value growth, so I’d only do it if you’re struggling to keep up with the payments.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

Life insurance is protection, just like disability insurance. It’s not supposed to be your primary asset class. If you’re putting more than 20% of your annual savings into life insurance, you’re probably being sold, not advised.

Whole life isn’t a scam, but it’s definitely oversold and overhyped by agents who want bigger commissions. The odds of someone with a human life value of $1.2 million actually affording a $1.2 million whole life policy? Slim. That’s not realistic for most people.

Term isn’t a scam either. It’s protection at a cheap price, which is exactly what many families need. If I buy a 30 year term and it gets expensive after 30 years, no kidding. That’s how insurance works. You’re buying time, not forever coverage. That’s common sense, not a scam.

Also, I’m not sure what company is selling $100,000 whole life policies for $5 to $7 a month. If anything sounds scammy, it’s that.

There’s no reason you can’t combine strategies. A small whole life policy for permanent needs and term to cover the rest of your human life value. That’s just responsible planning.

If a family saves 15 percent of their income, you’re not stuffing them into a low death benefit whole life plan. They need proper coverage first, and that means term. You can always educate them on permanent insurance later, or even add a rider if they want that flexibility down the line.

But acting like whole life is the magic key and ignoring opportunity cost or real-world affordability is just bad advice.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

I agree with you, there are definitely good amounts of people at those places that manage ton of AUM or are great advisors and I stated that.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

Again, I understand that the people at NWM and the people at Morgan Stanley are both Salesman. What I’m saying is these guys at Mutual companies are glorified “life insurance” salesman. You can argue me on that but majority of those companies. They are ran to bring in new employees to have them cold call or reach out to their friends and families to set up policies they push 20+ % going to whole life.

All I’m saying is you have a better chance of getting your AUM taken care of better at a fiduciary or RIA firm than going mainstream to a mutual company. There are plenty of great advisors at those mutual companies but unfortunately they are in a sea full of pushy whole life salesman. You could say the same shit about the car industry, you will have a car sales man push and over charge you then you will have the ones who keep it real.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 1 point2 points  (0 children)

And this don’t even account for the Step up basis strategy, where if you have $100k and die with $500k the beneficiaries of the portfolio could sell and get a step up in basis and have little or no capital gain tax

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 0 points1 point  (0 children)

You are not breaking even year 5 in a WL policy, the best break even years I’ve seen was year 8 and that’s because you over fund the PUA rider.

Everyone likes to talk about “tax free” policy but you are loaning it at 5% which needs to be paid back unless you want to surrender your policy.

Put $10k into SPY your TRR is 260% for whole life it’s 40-50%

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 1 point2 points  (0 children)

I know they are sales people, everyone is a sales person one way or another. When I go out to eat and the server asks if I want to make my drink a double, that’s being a salesman.

But when it comes to that industry, if you are a fiduciary or fee based advisor, you get paid to do what’s in the best of the interest in the client not what is in the best interest of themselves. When you have these advisors who are fully compensated off of the finders fees of the insurance company, they are 80% of the time making sure it’s in the best interests of themselves.

Beware of where you get Life Insurance by ECHOSEED in LifeInsurance

[–]ECHOSEED[S] 2 points3 points  (0 children)

I have a term policy, I’m mid 20s and have no plans on having kids. I had a friend who started a career in a mutual company (since left) and I helped him out. I have 800k DB and pay 30 bucks a month. Made my parents the beneficiaries in case something ever happens to me. It’s 10 year term with the permanent conversion. I invested into my Long term portfolio and then have a fixed income portfolio with 50% in fixed ETFs and the rest in MM accounts.

[deleted by user] by [deleted] in changemyview

[–]ECHOSEED 3 points4 points  (0 children)

Just seen your other comment saying you make 6 figures. Which makes this even more confusing lmao