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If you're going to use a small-cap index like the Russell 2000, you might wish to stop and consider why a good index fund business, like Vanguard, does not have any funds that follow it. The reason is because it's a poor index.
I haven't even resolved the straw male below yet, and that is the reality that it is relatively unusual that you actually have to pay either taxes or substantial commissions to rebalance anyhow. Most smart financiers rebalance as much as possible in their tax-protected accounts.
And of training course, nobody needs to be purchasing crammed common funds, ever before. It's truly too negative that IULs do not function.
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