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11 Cards in this Set
- Front
- Back
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Revocable versus irrevocable trust
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Roth 401k
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No taxes taken out at retirement
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401k
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Taxes taken out at retirement
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1. Free Money
2. Tax benefit |
Still think if the tax rate will increase
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"Do not use debt to invest" -President Monson
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"Every family should live on a budget, as the church does" -President Monson
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Save 20-35% of your salary
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This will enable you to be a good provider
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Do the math yourself, even if the person has funny initials after their name.
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No one is going to watch your money like you are.
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Follow the money! What do insurance agencies and yourself pay to financial planners in commission? ASK!
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Cash value have much higher commission rates than term. 10 year convertible term is what he recommends for life insurance. 401K, education assets, vanguard funding,
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