Archive for the 'Investing' Category

Need help with my Savings Retirement Plan at age 24?

Marisol asked: I’ve got some stocks and money in a Roth 401k. I also hav about $10k on the side to “cushion” on. I told my friend I want to retire with $500k/yr at the age of about 60. He suggest I should not only restrategize whats kind of stocks i have invested, but also [...]

should I buy annuity?

henry y asked: Hi I like to know, I should open the annuity account, I am 40 years old and I have 401k, Roth IRA and reqular whole life insurance with me for 15 years, I also have 30 years Fit term life, I have some extra $50,000 to invest, is that good idea that [...]

Long term Savings Gift to child?

A. Sorola asked: I would like to give a savings gift to my Goddaughter for first birthday and subsequent birthdays. The goal is to save money to apply towards college, but I am not her parent so I can not force her/guarantee that monies will be applied towards college expenses. Reading has revealed [...]

Are there any whole life insurance / Roth IRA options similar to Colorado Banking?

Nic F asked: I recently spoke to an investment broker about an option offered by Colorado Banking that offers an IRA with a guaranteed interest rate where the amount you put in ($150 per month) goes toward a 80,000 whole life insurance plan and also into an IRA that would return 319,000 at the end [...]

Question on interest and whole life insurance.

Cassanova asked: If you have a whole life insurance plan and you withdraw money from your cash account, does the interest you pay back go into your account or does it go to the insurance company?
Thanks for the help. I’m looking at the Infinite Banking concept and wanted to get additional information. I will be [...]

What is the benefit of whole life insurance?

annika s asked: My husband and I have been advised to buy a significant amount of whole life insurance as a safe way to invest. We have just started our family and I am a little wary. I am not really sure I understand why it would be better to do this [...]

Should I open a whole life insurance policy or a 401k first?

jared loth23 asked: I met with a financial consultant who told me that the 401k is the last thing I should start. She says it makes more sense to open the whole life which compounds 8% return on my money yearly and pays a yearly dividend. Which is smarter to do first?Create a video blog