I wouldn't wait to invest in
other investment vehicles until I had 100k.
Not exact matches
Chatzky also has a lot of tips on asset allocation, different
investment vehicles, and
other specifics, but I feel like the core advice is something that we've all heard but need to hear again and again
until we actually start listening to it — begin.
You'll have to find
other savings and
investment vehicles for your overflow, whether that be a CD ladder or a brokerage account or continuing to use your Roth IRA
until you reach the income limit.
The money in the cash value portion of your whole life insurance policy is tax - deferred, meaning you don't pay taxes on it
until you withdraw it, but many
other investment vehicles (like 401 (k) s and traditional IRAs) also offer this option.