Some pros of a Roth IRA are that your savings grow tax free, there is no need for required minimum distributions, and you can withdraw your contributions.
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We have a playbook that explains exactly this! However, before applying for a deferment or a forbearance, you should see if applying for an Income-Driven Repayment plan or consolidating your student loans could help!!
Find our playbook here: https://app.realworldplaybook.com/playbooks/apply-for-deferment-or-forbearance/.35
It definitely depends on the individual, but there are many options out there to try. A popular method is the 50/30/20 method. That is where 50% goes towards your needs, 30% goes towards your wants, and 20% goes towards your... (More)