You should be contributing the maximum into any available tax-sheltered retirement plan before you consider cash-value life insurance as a retirement savings vehicle.

Question

Quizplus · Accepted Answer

Tax-sheltered retirement plans such as 401(k)s or IRAs offer tax benefits and potentially higher investment returns than cash-value life insurance. Therefore, it's generally recommended to contribute the maximum to these plans before considering using cash-value life insurance as a retirement savings vehicle.

You Should Be Contributing the Maximum into Any Available Tax-Sheltered