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Should I purchase an indexed universal life insurance plan or save money for retirement in a Roth IRA?

Should I purchase an indexed universal life insurance plan so I can take loans out later when I retire that are tax exempt, or save my money for retirement in a Roth IRA? Does the life insurance have higher fees in comparison to paying tax on the Roth IRA?

Financial Planning, Retirement, IRAs, Taxes, Life Insurance
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October 2018

Hey there, you should max out the ROTH IRA first.  If you can save more, then you could consider using the Life Insurance Option.  This strategy has been dubbed the "Rich Person Roth" in this forbes column.  Check it out for more inforation on who should and shouln't try and use life insurance to save for retirement. 

November 2018
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October 2018