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
291 - Identity Theft Protection and You...?
290 - Millenial Money!!!!
289 - Headed to New York
288 - Breaking Routine
287 - Looking Ahead (Mobile!)
286 - Materiality
285 - Clarity Break
284 - Wired to Acquire
283 - The Debt Consolidation Myth
282 - Going Back to Granular
281 - Left-Handed
280 - Watering to Death
279 - Watering the Sidewalk
278 - Weeds
277 - Cold Showers
276 - Retreat!
275 - Deep Work
274 - Unearthed Priorities
273 - No Online Purchases in 2017
272 - Settling in With Stuff
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