I have recently graduated from college this past May. I landed a job right out of college.
Now that I have joined the working life, I am starting to look into my options of investing my money for retirement and for life.
I have a 401K with my work and they match up to 4%. I'll be putting most of my money into the 401k.
I have been talking to a financial advisor and has provided me with a few options of investing my money for retirement.
One he has suggested whole life insurance, which I'm not very familiar on. Seems too good to be true, but it makes sense.
Two, he suggested I put money into a IRA.
Three, put money into both an IRA and whole life insurance.
I have about $2,500 aside from what I will put into my 401k to invest in what-ever.
With my current age, what would you recommend I invest my money into, to gain the maximum amount of savings once I retire? Along with just making my money work for me.
Should I be putting as much money as I can into an IRA, whole life insurance, or something else?
Side note: I would invest more money but I feel paying off my students loans is more important right now.
Submitted September 16, 2017 at 07:23PM by climbing2man http://ift.tt/2h6Xryu
