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Net vs. Gross Income - How Much Should You Be Saving?

Money Guy Show

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Introduction

Mohit: A financial advisor suggested that I invest in a quote-unquote investment engine with death benefits instead of a backdoor Roth IRA. He did some digging and it appears this is an indexed universal life insurance policy that says it tracks the market. Is this a good idea? "I don't like when you combine financial products because ... neither of them can do the thing that they're supposed to do really, really well," he says.

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