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re: Over Funding Life Insurance vs. Roth IRA
Posted on 11/7/13 at 6:10 pm to kyledavis
Posted on 11/7/13 at 6:10 pm to kyledavis
quote:
The insurance policy is also sheltered against creditors.
I strongly believe that a Roth IRA is also sheltered from creditors.
I had a whole life insurance policy for 2 years and then it finally clicked that I was only making my financial advisor money and it was a waste. I closed that account, got term insurance, and beefed up my traditional IRA and Roth IRA.
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