1. It’s great if you start young, when the rate is low. Once you get old, the rate too high to be worthy. Life insurance, just like car insurance are not investment. Think about it, you are praying and hoping you get into a car accident and a payday. That don’t make sense.
2. Right now bond since the 2008 crashes. Is pretty shtty. With that $50k you probably lucky to make $10k interest, the fed has been raising rates, so it should start to be good again. I would still hold. As for the taxes. Roth IRA are a good place to buy bond. All interest are tax free. You do this in others account, you might get hit with a state, local, federal tax
3. Don’t let all these get rich quick, flipping home. Or I’m going buy property and rent it out etc.... get you. Real estate is what causes the 2008 crisis. People who lose money than, just recently starts to recovery now, gain back what they lost,
My advice to you: is put it into a target date index
Check out this ticker: SWYMX. <<< I have about $200k in this
It’s 90% stock 9% bond and like 1% real estate
It’s really passive, no need to balance, no loading fee, expensive ratio is 0.08% dirt cheap
Target date are super easy and passive
Just autopay monthly and don’t even look at it
Gives you exposure to tons of stocks like apple, Facebook, amazon etc...