Roth IRA

[txjoker]

I said whole life, not term life. Although they are both insurance, their purpose is a bit different I think. The whole life policies can be used as a supplemental. It can be withdrawn at any time without penalty. And, you do not have to die to collect.

Originally Posted by cmdrost

life insurance is a whole nother investment animal in and of itself with too many variables to consider, the main one being age.

Personally, I think you're better off managing your money yourself in a 401k and IRA then buying term life insurance for basic coverage.

[PUREBAY2200]

Originally Posted by txjoker

I said whole life, not term life. Although they are both insurance, their purpose is a bit different I think. The whole life policies can be used as a supplemental. It can be withdrawn at any time without penalty. And, you do not have to die to collect.

yep, whole life has what i call a "living benefit". the longer u live the more your policy face amount is worth as well as the cash value.