[MysticLlama]

Okay, so I went to see a financial guy last night, and we sat and chatted about various things that I can do to save, plan for the future, etc.

The one obvious decision was to not cut back anything on my 401k since I put in 15% and it gets matched 25% on the full amount. Can't do better than free money.

I have a little bit in a Roth, and he pointed out the 5 year period to not take anything out or else rick converting it to a taxable event (can't remember the term right now). Not a big deal since I plan to leave the stuff in there for a long long time.

Then we looked over the VUL, he didn't have any specific company, talked about different sorts of options, etc.

After doing some research, I can see how it'd be a really bad thing. The fees are way higher than normal life insurance, the return isn't always so great, etc. But... it gives me a window by getting into it at a lesser rate now, being 28, and while it wouldn't be a good investment for me in the short term, if I kept it for 10+ years, after that point I already have it in place, can use it to put in money and keep it tax deferred, and have the fee schedule locked in from being young.

Once the money is in there, you can take it out as a loan, tax free (though you lose the possibility of that portion appreciating) at net 0% interest, and it doesn't have to be paid back until death or the contract is nullified. This essentially makes it tax deferred and tax free, in theory.

So what is the big giant catch that I'm missing? I'm aware that tax law could change a bit and make the savings not as worthwhile. I'm also aware that the fees could kill me if I don't keep it for a really long time. What else is there?

There were also a couple of pretty neat options for annuities, but maybe that's another thread, I already wrote a book.