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Originally Posted by Antitrust32
i personally dont trust the market or the banks. i think my retirement plan will be a fireproof safe.. or gold
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buy life insurance as a good back up. it's got guarantees, it's protected by insurance, much like bank accounts with fdic. and when it pays out to a beneficiary, there's no taxes taken out. and the cash value that grows if it's a whole life type-you can use later if you wish. in many cases, growth in a whole life that earns dividends can outperform other funds. and, unlike a 401k, it does have guaranteed cash value in it.
i'm seeing more and more financial managers recommending buying insurance. and unlike a lot of other things, rates on life insurance have gone down over the years, because we live longer.