Dual Income, No Kids (DINKS)

  

See: Dually Employed With Kids, or DEWKs.

DINKs. Yuppies with no kids and two jobs. Married or just postleques. They're a Thing, a category of their own, because they have so much excess cash to spend buying...stuff. Cars. Homes. Bling. So advertisers coddle them, keister-kiss them, beg them to buy. They roll, they rule, they have nice lives. Just...no kids.

Related or Semi-related Video

Finance: What is a 1035 Exchange?1 Views

00:00

Finance a la shmoop....what is a 1035 exchange? well why don't they

00:08

give these things a name like what pathos is there in a number well it [Arrow pointing to star in the solar system]

00:12

makes your life miserable remembering all these numbers and frankly doesn't

00:15

make our life any easier writing pithy epithets about them you know as we go

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but all right we'll try here we go...A 1035 exchange is a swap more

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specifically it's a swap relating to life insurance policies or annuities you

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have one annuity or life insurance policy and want to exchange it for [Two life insurance policy documents]

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another of similar value so you use at 1035 exchange to do it's like a legal

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structure why well because a 1035 is tax-free.. tax-free yeah that's good why

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would there be a tax when you're changing policies well an insurance

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policy is just another form of an investment and with it comes a gain

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usually over time so if you're exchanging an in theory you [Insurance policies exchanging]

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could be realizing a gain that's taxable so if one policy fit your feet from age

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25 to 45 and then it tripled in value over that time well you'd have

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"realized a gain" if you sold it for cash and then use that cash to buy

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another and you'd have a whole lot less cash left over after the feds you know

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taxed you and being able to deploy that 1035 exchange tax loophole well you get

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to keep all the value in that policy and use it to buy all the value of another

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policy thank you insurance industry lobby and yeah you'll be dead but well [Richie Richpants gravestone]

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others will too

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