Most tellingly, Dave’s siteadvises against use of Exchange Traded Fundswithout ever explaining why. It simply states “Dave does not own ETFs and does not recommend them as part of your investment plan. ETFs are baskets of single stocks that are intended to operate like mutual funds, but th...
Gives you the option to invest however you prefer (instead of locking your hard-earned dollars into a crappy, low-return investment). You can’t cash it out (but you don’t really want to). Allows you to move toward becoming self-insured (more on that below). Protection for Your ...
Note: If your employer offers aRoth 401(k)and you like the investment options, you can invest your whole 15% there. Pro tip: If you’re ready for Baby Step 4, plug your numbers into ourRetirement Calculatorto see if you’re on track with your investments. Baby Step 5: Save for Your...
Now, even though we can’t get specific about whether you’re on track with your investments, we can give you a scenario and you can see how your situation might compare. These benchmarks are based on an annual salary of $50,000—but you can use ourinvestment calculatorand plug in you...
Permanent life insurance premiums can vary (a lot), last your whole life even after you’re past the age when you’d need a death benefit for dependents, and are over-complicated by bad investment options. Term, on the other hand, is simple and (this is key) only lasts as long as ...
Why are whole life premiums so high, you ask? Because whole life insurance tries to act like a savings or investment fund (along with others in thecash valueinsurance family, likeuniversal life insurance), but (spoiler alert) it does a really bad job!