So you are paying roughly $60 a month for $37,000 in whole life insurance. I'm 46 years old, OK health and packing a few extra pounds but passed the physical with flying colors - just bought $250,000 20 year term life $36 a month. I would think you would be less than half that (my 42 year wife was). With $16 a month paying the 20 year term (with $250,000 in coverage instead of $37,000) that leaves you $44 a month to put in an IRA. At 6% return in 20 years your IRA will be worth $20,588.
If you could get 9% return it would be $29,444 at the end of 20 years.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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one 8n and one 9n tractor. totaly restored,pretty much everything is new. one 6ft blade good shape.
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