I have been reading a book called Missed Fortune 101 that refers to using whole life insurance as a vehicle for investing with the great advantage of tax avoidance on your withdrawls by pulling them out in loans to yourself.  I have been investing in IRA's Simple & Roth but I don't like the tax concequences of when I do start withdrawing and also don't like the fact that I get hit with a 10% penalty for early withdrawl.  Just curious if someone here has done this and is in the actual stage of withdrawing and how it is working out for them. Thanks for anyinfo.

Permanent life insurance should be used last as an investment vehicle.  Generally, fill out your Roths and then employer retirement plan.  You can withdraw your Roth contributions tax and penalty free.  Remember, your Roth contributions have already been taxed.

Consider ETF's and/or tax-managed no load funds for your after-tax investments.

Whole life could be considered the "safe" portion of savings , along with CDs, fixed annuities, etc.

Whole life insurance should not be considered an "investment" regardless of it's special tax status.