A 36 yr old saves $100 every month for her retirement

A $100 per month saved and paid as a premium for an Index Universal Life Insurance ( IUL) plan can yield good retirement money for a 36 yr old female with death benefit of $300,000. In this plan, there is a flexibility to save more each month on top of the monthly premium.

My son is saving at 2% in his credit union because he wants to help his sister move to another city. Do allocate around 5-10% of your income for a cash accumulation IUL or other retirement plan early on, to allow enough time to grow at 8% or higher rate with no downside market participation.

My daughter saves her money for a house at age 24 and had been going to thrift stores most of the time. As a teacher, she still can buy school supplies for her students as an art teacher.

Here is a sample quote for a 36 yr old female with death benefit of $300k:

https://www.mutualofomaha.com/advice/video/an-example-of-how-iul-can-work

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