Why I bought life insurance before contributing a penny to my 401(k) - Business Insider

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Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price » While both retirement savings and life insurance play an important role in a healthy financial plan, at the time, it was more of an either/or decision. With not a lot of spare money left over at the end of each month, we were in a position where we had to choose where we wanted to invest first. The case for maxing out my 401

. While compound interest is a bad thing when it comes to credit card debt and mortgage loans, it can be one of your biggest financial allies when you make it workyou. And the earlier you start, the more time you have to truly maximize the compounding of interest in your retirement account.: One starts saving $300 per month at the age of 25, the second waits 10 years, and starts saving $300 per month at 35.

life insurance is questionable. my mother has been paying for so long that she has paid them more than they will pay her they also lie to you when you buy it be careful

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