yes it's a bit late, but they want to start now. They just met a financial guy and he seems to be giving advice that contradicts the advice of this board. He offered me (mid twenties, no dependants) to get a LIRP (already have a roth w/vanguard), and my parents to get a roth (he says they can contribute 6500? isn't it supposed to be 5500?) through an annuity plan.
my 56 year old parent has been paying into their 403b, but wants to start another plan. Advice given was that their low income doesn't take advantage of the 403b and its better to do a roth through an annuity plan.
my 61 year old parent has no plan. the guy said a LIRP would be good and the roth through an annuity plan as well.
I'm just curious if this makes sense at their age, and if this guy is just putting himself before their needs.
thanks everyone
Submitted February 08, 2018 at 04:34PM by balloontree http://ift.tt/2nUf30l
