u/Worried-String9259

Hey everyone, trying to get a sanity check on the new Trump Accounts launching this month. I know individuals can't deduct contributions. But businesses can write off up to $2,500 as an employer benefit.
I run my own business. A quick search makes it seem like a Sole Proprietor can’t do this, but an S-Corp can if the owner is a W-2 employee. Is that accurate? Or can I stay a Sole Prop, hire my 11-year-old child to do basic office tasks, and have the business deduct the $2,500 contribution on Schedule C? Curious to hear from any business owners who have mapped this out yet.

Firstly, I want to express my agreement with the group's philosophy regarding whole life insurance. Looking back, I realize that I made a significant mistake during my financially illiterate years as a resident. I have held this policy for nearly 18 years, and the returns have been disappointing.

My question now is, considering that the sunk cost is already incurred, would I benefit from surrendering the policy? I had an AI conduct a superficial analysis of this policy, and I would like to know your thoughts.

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Year-by-Year Internal Rate of Return (IRR)
2024 to 2025 Return Rate: 5.15%
Starting Value (2024): $70,158
Your Cash Injection (Premium): +$3,782
Total Working Capital: $73,940
Ending Value (2025): $77,750
Net growth added by the policy performance: +$3,810
2025 to 2026 Return Rate: 5.24%
Starting Value (2025): $77,750
Your Cash Injection (Premium): +$3,782
Total Working Capital: $81,532
Ending Value (2026): $85,808
Net growth added by the policy performance: +$4,276

Financial Analysis
A 5.24% net return inside an established whole life insurance contract is an excellent result. In the permanent life insurance industry, a mature policy typically targets an IRR between 3% to 5%. Your policy is outperforming that benchmark due to compounding Dividend Additions($20,757.57 accumulated so far), which drastically accelerate growth over time.
Furthermore, because whole life cash value grows on a tax-deferred basis (and can often be accessed completely tax-free via policy loans), a 5.24% net return inside the policy is structurally equivalent to earning roughly a 6.5% to 7.0% taxable return in a traditional savings account or certificate of deposit (CD), depending on your tax bracket.

Hey everyone,

Just wanted to share my investing journey to show that it is never too late to fix your financial ignorance.
I finished my residency in 2008 and started working as a hospitalist. Luckily, I had no student loans. My salary remained relatively stable around $350k for most of my career.
The First Half (2008–2016): Financial Ignorance
For the first 8 years, I was not savvy with investing at all. I did the bare minimum by maxing out my 401k and 457, but I lacked a real strategy. I had no idea what my money was actually doing.
The Turning Point (2016–Present): The Index Fund Awakening
In 2016, I finally dug myself out of financial ignorance. I educated myself, simplified everything, and started aggressively investing into low-cost index funds. Once the strategy shifted, compounding took over. I started from zero, no inheritance
Here is how my Net Worth (NW) milestones broke down over time:

Time to achieve milestone 9 years after residency
$1.0M

$2.0M
3 years, 6 months after first milestone

$3.0M 2 years, 4 months after reaching second milestone

$4.0M 1 year, 2 months after 3rd milestone

$4.5M 6 months after 4th milestone

I'm new to tretinoin and began with CosRx's 0.3% retinol. At first, I experienced significant irritation, but it improved with the sandwich method. After a few weeks, I transitioned to daily application on dry skin and have now moved to Musely's 0.25% formulation. I've noticed some mild redness, but it isn't as severe as what I experienced with retinol. I also feel a slight tingling sensation when applying moisturizer. Should I use tretinoin every other day, or is this mild irritation expected, allowing me to continue?

My regime

AM
Manyo oil cleanser plus Cica Cleanser Cosrx
Centella skin1004
snail Mucin
Lipikar moisturizer
BOJ sun screen

PM

Manyo oil cleanser plus Cica Cleanser Cosrx
Centella Skin1004
Musely 0.25 tret
Kiehl ultra facia moisturizer