​Thinking about using a Roth IRA to save for retirement? You’re not alone. The Roth IRA has grown in popularity since its introduction in the 1990s.
 
Much of the Roth’s popularity is due to its unique tax treatment, which differs greatly from that of a traditional IRA. In a traditional IRA, you may benefit from tax deductions for your upfront contributions. Your funds grow tax-deferred as long as they stay in the account. Your distributions from the traditional IRA are then taxed as ordinary income.

​So you’ve decided to purchase life insurance. That could be a wise decision. Life insurance is a powerful financial tool that can provide critical protection for your spouse, children and other loved ones. In the event of your death, your family can use a life insurance death benefit to pay off debt, replace your income and fund major life goals.
 
Not all life insurance is the same, though. There are many different types of insurance, but most fall into one of two categories: term or permanent. Term insurance is coverage that lasts for a limited period of time, like 10 or 20 years. When the period is over, you can renew the coverage or simply let it lapse. Term insurance is popular because it’s usually affordable compared with similar permanent coverage.