I am 26, not married, currently employed and here is my current financial situation:
$6,000 in checking account
$115,000 in HYSA
$60,000 annual income
$3,000 in monthly expenses
I met with a financial advisor with Northwestern Mutual, they put together a plan and are waiting on me to sign documents. I am happy to go into detail about the plan they put together, the short of it is a mixture of mutual funds, bonds, and then a permanent life insurance policy and a disability income insurance policy. I am weary of the insurance policies. Does this sound like a good move to go with?
original posted by Business_Magician_41 to r/personalfinance on Wed, 28 Feb 2024 22:16:42 GMT.