Posted by LAA on January 06, 2011 at 18:51:20 from (86.51.147.113):
In Reply to: life insurance OT posted by steve terplak on January 06, 2011 at 18:11:35:
Your on the right track debt wise -- zero debt is best. The single best thing you can do at any age is to pay off debt but particuarly in your younger years and you will retire ahead of the pack. Since you have no significant debt you may have better options than term life on your Wife, term life is basically designed to replace lost income in the event of one wage earners death. Whole life as an annuity is a good, conservative, long term investment with income advantages at retirement and also protects lost income if the unthinkable occurs. At your age the investment advisors should have steered you both to Roth IRA's, find a good Roth fund and look at it. Company 401ks are mostly good, especially up to the limit of matched contributions but not to be relied on to heavily because of the fact that the 401k is entirely controlled by congress and the tax implications are subject to change at any time. Savings, CDs, tax free municipal bonds, local real estate, nothing flamboyant here but liquid and under your direct control, in my opinion, even at a young age 30-40% of your savings for the future ought to be cash. You might see a good deal on some land or development property through the years that will pay off at retirement.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
