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Los Angeles Times
Source: Los Angeles Times
1 DayLos Angeles Times
Source: Los Angeles Times
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A 68-year-old retired veteran with no dependents asked whether to keep paying $25,000 a year for seven years into an indexed universal life policy or invest the money elsewhere. Liz Weston said the policy may not fit his needs, but stopping payments could have financial and tax consequences, so he should review his options with a fiduciary Certified Financial Planner; she also noted that retirees cannot contribute to the Thrift Savings Plan.
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