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
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
325 - Blind Obedience and All Its Benefits
324 - Material Joy
323 - How to Retire and Move to the Woods Fulltime
322 - Buyer's Remoreselessness
321 - Let It Go
320 - Where Has Zero Gone?
319 - YNAB / Intuit Acquisition
318 - Ever the Optimizer
317 - The Greatest Showman
316 - "The Mexican Fisherman"
315 - Savings: Undetected.
314 - What do you mean, means?
313 - Non-Negotiables
312 - MASH
311 - All Mixed Up, Don't Know What to Do
310 - Pay Yourself First
309 - You Have a Spending Problem
308 - Taxes Tax Your Take Terribly
307 - "I Want A 100-Foot Boat"
306 - My Favorite Time of Year
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