How Is Obamacare Working Out for You?

[GenuineRisk]

Originally Posted by Danzig

Oh, and if anyone is buying CDs to have money to leave their kids...take at least a third of that money and buy a life policy.
A 5000 CD gets you five k, and then interest right now is beyond awful
. take that five k to your life agent, let him/her show you what it will do.

A life policy with a beneficiary is also a way to circumnavigate estate tax if your state imposes it. Unless, of course, you list "Estate of" as your beneficiary!

No kidding about CDs having crappy interest rates. Inflation is still talked about like the big bugaboo, but the US policy on keeping it low has led to savings accounts and CDs being worthless as places to grow your income. I remember opening an IRA when I was 25, and then at some point a few years later looking at the calculations of how much I'd have at retirement if I kept it in a basic savings IRA.

I went out the next day and bought "Mutual Funds for Dummies."