Want to learn more about Bank On Yourself, dividend-paying whole life insurance or planning for retirement? Check out the Bank On Yourself blog! From the Bank On Yourself strategy to helpful info about 401(k)s and IRAs, Pamela Yellen and her team give you the facts
Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:"I had met with one of your wealth managers about nine months ago for a financial review. I decided to wait to make any financial moves. I have since been contacted by a few life insurance companies to purchase whole life insurance as an investment vehicle. One feature is that you can borrow on the policy, which is a type called non-direct recognition so the cash value is not reduced. They call the plan ‘Bank on Yourself’. Can you tell me, is this a realistic way to put some of my money in a less-risky place, or a really dumb idea? Thanks.” – Andrew"How are Roth IRAs doing?" – Anonymous"This is for my son. Is this true?" (His son said) "Starting a new job and will lose access to my employer plan. Since my Roth is down over 15%, can't I roll it into a brokerage penalty-free, since I'm not receiving any gains?" – Glen"I'm 42