Talk:7702 private pension
On an administrative note, was the intention of the website links to be citations (footnote references) to any of the text? If so, point them out and I'll help with the formatting.
Can you cite a forum thread which shows the "Boglehead's view of a 7702"?
Here's the direct link to 26 U.S.C. 7701 - Definitions
Note that the definitions are different than the IRS regulations which appear here: eCFR — Code of Federal Regulations
--LadyGeek 20:27, 25 June 2014 (CDT)
1) There was no intent to assign specific citations, the information so far is too general. 2) For background: Section 7702 was added to the code to curb prior abuses of life insurance for tax sheltering. The current 7702 plans skirt the edges of these regulations, lest the plans be redefined as MEC's under 7702A. The general goal seems to be for the insured to borrow money out of the cash value late in life, then die with the loan unpaid. --Bnes 00:13, 26 June 2014 (CDT)