My 27-year-old kid just got a "real" job as a Union carpenter. With that job comes an annuity. How much should he be putting into that annuity weekly ?
Suze Orman: I would only be putting money into the annuity if they match his contribution. Otherwise, he is far better off doing his own individual Roth IRA where he can max out at $5,500 a year. If they do match his contribution, he should only contribute up to the point of the match, and then take any extra money and put that toward any student loan debt he may have, credit card debt he may have OR an emergency fund!
Suze Orman is a award winning certified financial planner and author of several books including 'The Road to Wealth'. She went from being a waitress at age 30, making $400 a month, to now having her own TV show and a net worth of $30 million dollars.
