08-06-2013, 10:45 AM
JohnC Wrote:It is definitely a longer term plan. IIRC you can pull out money early once or twice without any fees / penalties for an emergency but you dont want to draw from it a lot. A standard or Roth IRA is a good call as long as your income doesn't opt you out of it.WRXtranceformed Wrote:One strong investment to consider if you have a good chunk of disposable income to play with is a ULP investment grade insurance policy.
Lee - thanks - that's an interesting idea I'd never even heard of. That said, I'm trying to stay a little more liquid with this extra cash. It sounds like that scheme locks the money up for another ~20 years.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks