- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Life Insurance and IRA differences
Posted on 4/7/13 at 2:55 pm
Posted on 4/7/13 at 2:55 pm
A friend of mine mentioned that he has a $250,000 whole life insurance plan and was not interested in an IRA. I do not know what makes either the better option. I have a Roth IRA and a term life policy. Should I have a whole life instead of either or both ? Or what ? I am not sure.
Your thoughts
Your thoughts
2
Posted on 4/7/13 at 3:15 pm to thelsutigers
I think I might understand what your friend is doing, because I do the same thing.
I own multiple WL policies to serve as my "tax-free liiquid bond" account.
Death will occur, so this is covered with the benefit. The cash is liquid and I use it for investment opportunities or low-interest loans for capital purchases.
The Roth IRA is chassied from life insurance, and traditonal IRAs follow the annuity concept.
I own multiple WL policies to serve as my "tax-free liiquid bond" account.
Death will occur, so this is covered with the benefit. The cash is liquid and I use it for investment opportunities or low-interest loans for capital purchases.
The Roth IRA is chassied from life insurance, and traditonal IRAs follow the annuity concept.
Posted on 4/7/13 at 3:31 pm to thelsutigers
No, you're doing the right thing. If you want WL, go ahead and buy it, but not as a replacement for your Roth. I personally think WL is a rip off, but I know some disagree with me.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News