It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
I pay almost $200 a month for life insurance on my wife but she doesn`t work so if I didn`t have insurance on her and she died my income wouldn`t change at all.
originally posted by: TerryMcGuire
Car insurance on two vehicles. Fifty bucks a month? Tell me how tell me where tell me who.
originally posted by: Ksihkehe
a reply to: Tardacus
When you put the homeowners insurance in those terms it seem like a calculated risk. If you put $1,400 a year into some kind of investment, even in 10 years that would only be a nice down payment on a new home. Calculate the real risks in your area of a catastrophic natural even... then factor in that the insurance is almost never beneficial to use on small claims. Might be the right choice not to have it especially if you could be investing that money. Investment adds up.
Life insurance on a spouse with no income is pretty pointless. Normally you look for 10-15 years of replacement income for a spouse. Replacing an income that doesn't exist is another senseless expense. That's another $1,400 a year investment.
Max out Roth IRA contributions and split the rest in growth stock, mid caps, and an internation mutual fund. You'll be a millionaire before you know it. It's all about risk tolerance and making good decisions about it. If you have the discipline to put that money in investments you will do well.
originally posted by: pheonix358
Do you have younger children?
That would change most of the answers.
P