A listener writes into the show to ask about whole life insurance and whether it's worth it for a young couple in their 30's. As always, it depends! Whole life policies typically come with big fees, which of course insurance companies and salesmen like. Jesse points out that the policies can work for some people in high marginal tax brackets, however the tax savings must be carefully weighed against the earnings you could have made by simply investing in low-cost, diversified index funds and sidestepping the high fees of whole life policies.
Send Jesse an email at:
askjesse@ynab.com
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338 - Budgeting is Spending
337 - Taking a Vacation from Budgeting
336 - Better Halves and Budgets
Ep 07 Debt Story: Meet Jennifer
335 - Money Stops, Obligations Keep Coming
Ep 06 Debt Story: Meet Sydney
334 - Parenting is Hard, Not Expensive
Ep 05 Debt Story: Meet Brittany
332 - Antifragile Finances
Ep 04 Debt Story: Meet Daniel
333 - Lowering the Baseline
Ep 03 Debt Story: Meet Andy & Melissa
330 - Is Eating Out Eating Your Budget?
Ep 02 Debt Story: Meet Tom
331 - Sacreligious Budgeting
Ep 01 Debt Story: Meet Angela
329 - When the Emergency Fund's Gathering Dust, and Why
328 - Why Only Budget What You Have?
327 - A Blind Trust
326 - Renting vs. Buying
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